Fuel your entrepreneurial ventures with an instant business loan

In summary

An instant business loan is a loan application journey designed to be completed online with a streamlined process; it does not mean that eligibility checks or verification are skipped. Bajaj Finance Business Loan offers eligible applicants Rs. 2 lakh to Rs. 80 lakh, with repayment tenures of 12 to 96 months and no collateral requirement, subject to the applicable product terms.

• Check the eligibility criteria: Indian nationality, self-employed status, at least 3 years of business vintage, a CIBIL score of 650 or higher, and age requirements.
• Keep KYC documents, PAN, proof of business ownership, and any requested financial records ready.
• Compare the interest rate of 14% to 23.50% per annum and processing fees of up to 4.72%, inclusive of applicable taxes.
• Estimate EMIs at the proposed amount and tenure, and check that your cash flow can support them.

The final offer, documentation, charges, and disbursal timing depend on the lender’s assessment and the conditions that apply to your application.

• Loan amount: Eligible applicants can apply for a business loan from Rs. 2 lakh to Rs. 80 lakh, depending on the business requirement, eligibility, and lender assessment.
• Collateral: The product is collateral-free. 
• Documentation: The process is designed to use a streamlined document checklist, but it is not a loan without documents. You must complete KYC and provide the records requested for your application.
• Repayment tenure: Repayment tenures range from 12 to 96 months, subject to the offer and product terms.
• Disbursal timing: The application is online. The loan amount is usually disbursed within 48 hours after approval, subject to conditions. This is not a guarantee that every application will be approved or funded within that period.
• Interest rate: The interest rate range is 14% to 23.50% per annum. Your applicable rate depends on the offer and assessment.

“Instant” describes the speed and convenience of the application process. It does not mean that the lender skips credit assessment, eligibility checks, KYC, or document verification.

Confirm when the stated timeline begins and which requirements must be completed. Do not commit to a supplier payment solely on the assumption that an application will be approved.

• Check the eligibility criteria before applying, including business vintage and credit requirements.
• Keep KYC documents, PAN, and proof of business ownership ready.
• Keep bank statements and Income Tax Returns available if the lender requests them.
• Enter details consistently with your supporting documents.
• Choose a loan amount and tenure that your business cash flow can support.
• Complete the OTP, KYC, and application steps promptly, and respond to verification requests.

These steps may help reduce avoidable delays, but they do not guarantee approval or a particular disbursal date.