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Business Loan Eligibility

Here’s 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, 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 for a business loan

Bajaj Finserv requires a select number of documents when evaluating your business loan application. These include:

  1. KYC documents
  2. Business vintage of three year
  3. Business proof: Certificate of practice
  4. Bank account statement of the previous month
  5. Proof of address- residence or Office

Documents required for Business Loan

  • KYC Document
  • Business Vintage of 3 Years
  • Business proof: Certificate of practice
  • Bank Account statement of last month

Line of credit facility

Business loan allows you to avail ‘line of credit’ facility, also known as ‘flexi line’. Line of Credit is a unique credit facility given to our loan applicants, wherein you are approved for certain limit of credit/ loan, for a said duration. The monthly installment for Line of Credit will consist only of the interest amount and will not have a principal component on a monthly basis. The principal amount of loan is to be repaid at the end of the tenure of the facility. Hence, it acts as a big saving arm to your cash flows.

Benefits of Line of Credit

  • Your monthly instalment is only the interest amount charged for the month, unlike any other term loan.
  • Access all your loan related information or transactions online at our customer portal
  • You can opt to part- prepay your loan amount, anytime of the year, with no additional charges.
  • No additional cost levied on withdrawals/ drawdowns
  • Convert your term loan into line of credit, anytime of the year
  • Bullet repayment option available at the end of the year.

Contact Us

For existing customers

Follow these simple steps to use our toll free IVR

  • Dial 020 3957 4151
  • Enter your 7-digit BFL Customer ID
  • Select from various IVR options
  • Access IVR in 10 languages : English, Hindi, Bengali, Marathi, Punjabi, Gujarati, Tamil, Telugu, Kannada and Malayalam

Email

Write to us at wecare@bajajfinserv.in with your queries

SMS updates

SMS <<keyword below>> to +91 92275 64444
GETEMAIL for your current email address
UPDEMAIL <New email> to update your email address
GETADD for your current registered email address
CUSTID to know your customer ID
LAN to know your Loan Account Number
EMI LAN to know your loan/ EMI details
EXPERIA to know your Experia user ID and password
PIN to know your 4 digit EMI card PIN
FEEDBACK to give your valuable feedback
SAT Y Give a positive feedback
SAT N to give a negative feedback
(Your mobile number should be registered with us for this facility). Standard SMS Charges applicable

Visit our branch to:

  • Change mode of payment (Swapping)
  • Purchase / cancel an Insurance Policy
  • Foreclose your loan
  • Claim a refund

To know the address of your nearest branch click here


Follow these simple steps to log on to our Customer Portal (Experia)

  • Visit www.bajajfinserv.in
  • Log in using your username / mobile number / email id and password
  • Access all loan details
  • Manage your loans
  • View special offers