Features and benefits
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Swift processing
Apply easily without pledging your business assets and get loan approval in 48 hours*
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Up to Rs. 50 lakh
Bolster working capital, pay royalty fees, maintain healthy cash flow, and much more with the ample sanction available to you.
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Flexi benefits
Choose the Flexi facility to borrow from your sanction and opt to pay interest-only EMIs and reduce the outgo by up to 45%*
Running a franchise requires significant finance to establish and increase your reach to a new market segment. You can do all of this and more when you opt for finance for franchise from Bajaj Finserv. This offering gives you access to capital of up to Rs. 50 lakh, and you can use it freely to make any business-related expenses.
This loan doesn’t require any collateral and has simple eligibility parameters. With our ask for simple documentation, you can apply stress-free. Be sure to use our handy Business Loan EMI Calculator to plan repayment.
Eligibility criteria and documents required
Qualifying for our franchise finance is easy. All you have to do is meet the following eligibility criteria and submit the basic documents to apply.
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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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Work status
Self-employed
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Nationality
Resident Indian citizen
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Business vintage
At least 3 years
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CIBIL score
685 or higher
Documents required:
- KYC documents
- Proof of business ownership
- Other financial documents
Interest rate and fees applicable
Finance your franchise’s needs with Bajaj Finserv and enjoy a low-interest rate on your loan. Refer to this table for a breakup of the fees and charges.
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
To apply for funding easily, all you have to do is fill the quick application form by following these steps:
- 1 Click on ‘APPLY ONLINE’ to open the application form
- 2 Enter your basic personal and business details
- 3 Upload your last six months bank statements
- 4 Receive 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