Features and benefits

  • Loan up to %$$BOL-Loan-Amount$$%

    Loan up to Rs. 50 lakh

    Get loan approval without pledging assets as security and ensure optimal cash flow.

  • Flexi advantage

    Flexi advantage

    Choose the Flexi facility to borrow from your sanction at any time and pay interest only on the amount you use.

  • Special deals

    Special deals

    Expedite loan processing and access special benefits when you apply using our pre-approved offers.

  • Long tenor

    Long tenor

    Choose a repayment duration from 12 months to 96 months to keep your EMIs reasonable.

  • Cost-effective repayment

    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.

Read More Read Less

Eligibility criteria and documents required

Availing of dealer financing is easy since you only have to meet our simple criteria:

  • Age

    Age

    24 years to 70 years.
    (* Age should be 70 years at the time of Loan Maturity)

  • Nationality

    Nationality

    Resident Indian citizen

  • Work status

    Work status

    Self-employed

  • Business vintage

    Business vintage

    Minimum 3 years

  • Credit Score

    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

  • Up to Rs. 5,999/- (inclusive of applicable taxes) for loan amount less than Rs. 10,00,000/-

  • Up to Rs. 7,999/- (inclusive of applicable taxes) for loan amount from Rs. 10,00,000/- to Rs. 14,99,999/-

  • Up to Rs. 12,999/- (inclusive of applicable taxes) for loan amount from Rs. 15,00,000/- to Rs. 24,99,999/-

  • Up to Rs. 15,999/- (inclusive of applicable taxes) for loan amount of Rs. 25,00,000/- and above

*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

  • Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment

  • Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.

  • Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.

Part Pre-payment

  • Up to 4.72% (inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.

  • Not Applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi

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:

  • For Term Loan: Deducted from the loan disbursement

  • For Flexi Term Loan: Added to the first instalment

  • For Flexi Hybrid Loan: Added to the first instalment

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. 1 Click on ‘APPLY ONLINE’ to open the application form
  2. 2 Enter your basic personal and business details
  3. 3 Upload your bank statements for the last 6 months
  4. 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

‌
‌