Features and benefits
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Loan up to Rs. 50 lakh
Get loan approval without pledging assets as security and ensure optimal cash flow.
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Flexi advantage
Choose the Flexi facility to borrow from your sanction at any time and pay interest only on the amount you use.
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Special deals
Expedite loan processing and access special benefits when you apply using our pre-approved offers.
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Long tenor
Choose a repayment duration from 12 months to 96 months to keep your EMIs reasonable.
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Cost-effective repayment
Our competitive interest rates help you repay affordably. Plan your repayment using our Business Loan EMI Calculator.
As a dealer or business person running a franchise, you need capital to ensure smooth operations. Get financing on easy terms with the dealer finance offered by Bajaj Finserv. With this instrument, you can access ample funds and a flexible tenor to ensure that repayment remains optimal. Thanks to relaxed eligibility criteria and minimum requirements for documentation, you can get swift loan approval in just 48 hours*.
To manage cash flow more easily, choose the Flexi facility. This allows you to reduce your EMIs up to 45%* by paying only interest as EMIs during the initial tenor.
Eligibility criteria and documents required
Availing of dealer financing is easy since you only have to meet our simple criteria:
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Age
24 years to 70 years.
(* Age should be 70 years at the time of Loan Maturity)
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Nationality
Resident Indian citizen
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Work status
Self-employed
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Business vintage
Minimum 3 years
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Credit Score
685 or higher
These are the documents you need to submit:
- KYC documents
- Proof of business ownership
- Other financial documents
Interest rate and fees applicable
To ensure that you’re well informed about the different fees and charges applicable, take a look at the following table:
Type of fee |
Applicable charges |
Rate of interest |
9.75% - 30% per annum |
Processing fees |
Up to 3.54% of the loan amount (inclusive of applicable taxes) |
Bounce charge |
In case of default of repayment instrument, Rs. 1,500/- per bounce will be levied. |
Document processing charges |
Up to Rs. 2,360/- (inclusive of applicable taxes) |
Flexi Fee |
Term Loan - Not applicable Flexi Term Loan (Flexi Dropline) - Up to Rs. 999/- (inclusive of applicable taxes) Flexi Variant (as applicable below) - A fee will be deducted upfront from the loan amount
*Loan Amount includes approved loan amount, insurance premium, VAS charges, and documentation charges. |
Penal interest |
Any delay in payment of monthly instalment shall attract penal interest at the rate of 3.50% per month on the monthly instalment, from the date of default until the receipt of monthly instalment. |
Pre-payment charges |
Full Pre-payment
Part Pre-payment
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Stamp duty |
Payable as per state laws and deducted upfront from the loan amount. |
Mandate rejection charges |
Rs. 450/- per month from the first month of due date for mandate rejected by customer's bank until the new mandate is registered |
Broken Period Interest/ Pre-EMI Interest |
Broken period interest/ pre-EMI interest shall mean the amount of interest on Loan for the number of day(s) which is(are) charged in two scenarios: Scenario 1 – More than 30 days from the date of loan disbursal till the first EMI is charged: In this scenario, broken period interest is recovered by the following methods:
Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged: In this scenario, interest is charged only for the actual number of days since the loan was disbursed. |
Annual maintenance charges |
Term Loan – Not Applicable Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. Flexi Hybrid Loan: Up to 1.18% (inclusive of applicable taxes) of the total withdrawable amount during initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable Amount during subsequent tenure. |
Switch Fees* | Up to 1.18% of the loan amount (inclusive of applicable taxes) |
*Switch Fee is applicable only in case of switch of loan. In switch cases, Processing Fees and Documentation Charges will not be applicable.
How to apply for dealer finance
The process to apply for our dealer finance loan is simple, easy, and can be done online. Here is a step-by-step guide.
- 1 Click on ‘APPLY ONLINE’ to open the application form
- 2 Enter your basic personal and business details
- 3 Upload your bank statements for the last 6 months
- 4 Get a call from our representative who will guide you on further steps
Once approved, you will get access to funds in just 48 hours*.
*Conditions apply