Pay only interest as EMI | Only 2 documents as business proof

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Features and Benefits

Machinery loans are usually taken to either repay a faulty or broken machine or upgrade to a better version. Some unique benefits of taking machinery / equipment loan from Bajaj Finserv are:

  • Loans up to ₹ 30 lakh

    Bajaj Finserv offers a Machinery loan of up to ₹ 30 lakh to help companies continue running their business without any financial roadblocks

  • Unsecured Machinery and Equipment Loan

    No need for a guarantor or any collateral to avail a Women’s Business Loan. Transparent policies with no hidden clauses.

  • Flexi Loan Facility

    A unique and innovative offering that allows you to manage your cash flows in a smarter and more effective manner. Flexi Loan Facility available of up to Rs. 30 lakh.

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  • Pre-approved offers

    On a regular basis, we introduce pre-approved machinery loan schemes which may include a top-up loan or discount in interest rates, etc.

  • Online access

    On availing a loan for machinery or equipment from Bajaj Finserv, you will get online account access to all your loan information.

Egilibility Criteria

Business Loans Eligibility ✔ Documents Required for Business Loans ✔ Get Upto 30 Lakh in 2 days ✔ Mininum Documentation ✔ Collateral Free Loans ✔ Low Interest Rates ✔ Apply Online for Business Loan

The following entities are eligible for Machinery or Equipment loan from Bajaj Finserv:

  • Limited or Private Limited Company

  • Partnership or Proprietorship Firm

  • Chartered Accountant / Self Employed Professional

Here is a list of the Business Loan customer profiles that we consider:

  •  
  • Self Employed Professionals (SEP)
  • Allopathic doctors, chartered accountants, company secretaries and architects who are practicing their profession. Proof of qualification – document to be shared
  • Self Employed Non Professionals (SENP)
  • Traders and manufacturers, retailers, Proprietors, and service providers etc
  • Entities
  • Partnerships, Limited Liability Partnership, Private Limited and closely held Limited companies. Other constitution types depending on their profile on a case to case basis

Documents required

  • KYC documents

  • Business Vintage of 3 Years

  • Business proof: Certificate of practice

  • Bank Account statement of last month

  • Proof of residence or business/ office

Fees & Charges

We have an in-house business loan calculator to help you check your loan interest rate. The other charges are:

  •  
  • Processing fees
  • 2% of the loan amount will be deducted at the time of disbursal of approved loan amount
  • EMI bounce charges
  • Rs.1000 will be charged in the subsequent month for every bounce
  • Penal interest
  • 2.00% p.m. overdue charges will be levied basis 360 days per year
  • Foreclosure Charges
  • 4% plus applicable taxes on the current principal outstanding
  • Part prepayment charges
  • 2% plus applicable taxes on part payment amount paid

The part payment made should be more than 1 EMI. There are no part payment charges for flexi accounts.
 

How to Apply

  • 1

    Step-1:

    If you’re looking to apply for a Machinery or Equipment Loan, online with Bajaj Finserv, click here

  • 2

    Step-2:

    If you want us to get back to you, just SMS BL to 9773633633.

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