With Bajaj Finserv, even if you are applying for a loan for the first time, the procedure is very simple. You can choose to apply for the loan online or via SMS. The Business Loan eligibility criteria is mentioned very clearly on the website along with the charges and fee that is applicable on the loan amount. Once you apply for the loan, you get an approval within 24 hours and a Bajaj Finserv representative collects the required documents from your doorstep.