Features and benefits
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Flexi loan benefits
Bajaj Finserv extends the Flexi loan facility, which you can use to borrow freely and pay interest only on what you withdraw.
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No collateral needed
Since this loan is unsecured, you don’t have to pledge assets to avail of financing.
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Pre-approved loan deal
With a simple one-step verification, you can check your pre-approved offer and get access to instant funding.
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Online loan management
For 24x7 access to information about your loan, be sure to use our online customer portal.
As a business owner, setting up a new hotel or restaurant chain or maintaining your existing one usually requires ample funds. You can manage this need efficiently and in an expedited manner with a loan for hotels and restaurants by Bajaj Finserv.
With easily accessible financing, you can stock up raw materials, pay for property licenses and permits, buy equipment, hire personnel, renovate, set up marketing and more. You can use the loan amount of up to Rs. 45 lakh to meet any business-related expense. The loan also comes with a flexible tenor of up to 84 months and an attractive interest rate.
Eligibility criteria and documents required
Due to the simple loan eligibility criteria, you don’t have to worry about qualifying for the loan. To make matters simpler, you only need to submit minimal documentation when applying.
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Age
24 to 72 years*
*Age should be 72 years at the time of loan maturity
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CIBIL score
685 or higher
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Work status
Self-employed
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Nationality
Resident Indian
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Business vintage
At least 3 years
You will need the following documents to apply:
- KYC documents
- Business proof: Certificate of business ownership
- Other financial documents
Interest rate and fees applicable
When you opt for our loan for hotels and restaurants, you enjoy the benefit of low-interest rates and nominal fees and charges. This helps keep the loan affordable all through the tenor.
Fee type |
Charge applicable |
Rate of interest |
17% p.a. and onwards |
Processing fees |
Up to 2.36% of the loan amount (plus taxes) |
Bounce charges |
Up to Rs. 2,000 (Inclusive of taxes) |
Penal interest |
2% per month |
Document processing charges |
Rs. 2,360 (Inclusive of applicable taxes) |
Outstation collection charges |
Not applicable |
| Document/statement charges | Download loan documents at no additional cost by logging into the customer portal – My Account You can also get a physical copy of your documents from any of our branches at a charge of Rs. 50 (inclusive of taxes) per statement/letter/certificate. |
How to apply
The steps to apply for this loan are simple, easy to execute and take just a few minutes. They are as follows:
- 1 Click on ‘APPLY ONLINE’ to open the online application form
- 2 Fill in the basic details, and the OTP sent to your registered phone
- 3 Enter your personal and business information accurately
- 4 Upload the last 6 months bank account statements and submit the application
Once submitted, our representative will contact you to offer further assistance.
*Conditions apply
**Document list is indicative
