Features and benefits

  • Swift processing

    Swift processing

    Apply easily without pledging your business assets and get loan approval in 48 hours*

  • Up to %$$BOL-Loan-Amount$$%

    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.

  • Flexi benefits

    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.

Read More Read Less

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.

  • Age

    Age

    24 years to 70 years*
    (* Age should be 70 years at the time of loan maturity)

  • Work status

    Work status

    Self-employed

  • Nationality

    Nationality

    Resident Indian citizen

  • Business vintage

    Business vintage

    At least 3 years

  • CIBIL score

    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

  • 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

To apply for funding easily, all you have to do is fill the quick application form by following these steps:

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

‌
‌