Features and benefits
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Unsecured finance
Get ample funding for your short-term needs without having to pledge collateral.
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Finance in 48 hours*
Avail of liquidity within 48 hours* by applying online and submitting a few basic documents.
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Flexi Loan facility
Withdraw funds from your loan limit when the need arises and prepay for free when you have surplus money.
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Up to 45%* lower EMIs
Pay interest-only EMIs for the initial part of the tenure to reduce your monthly debt burden.
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Digital loan management
Access your business loan account on the go with our online customer portal, My Account.
Short-term business loans
As a business owner, you may need access to short-term funds to strengthen your working capital, cover your operational costs, expand your business, and more. Avail of a short-term business loan from Bajaj Finance with basic documentation and benefit from a quick 48 hours* disbursal of funds. Maximise your profitability with quick business loan financing offered at an attractive rate of interest.
Get up to Rs. 80 lakh without pledging an asset as security. Employ the funds for all business needs and repay your loan over a comfortable tenure. Use the business loan EMI calculator to check what loan amount and tenure keeps your EMI within budget.
Use our customer portal, My Account, to view your repayment schedule, pay EMIs, part-prepay your loan, download loan statements and more.
A business’s funding needs can fluctuate based on surges in demand, an increase in accounts receivable, supply chain problems, and so on. Arrange for short-term funding more flexibly with our Bajaj Finserv Flexi Business Loan facility. Get a pre-approved loan limit from which you can withdraw when the need arises and prepay when you have surplus money, all for free. Pay interest on the amount that you withdraw only and pay interest-only EMIs for the initial part of the tenure. This reduces your EMI by up to 45%*.
Eligibility criteria and documents required
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Nationality
Resident Indian
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Age
24 to 80 years*
(*Age should be 80 years at Loan Maturity)
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Work status
Self-employed
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Business vintage
At least 3 years
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CIBIL score
Check your CIBIL Score for FREE685 or higher
You will need the following documents to apply:
- KYC documents - Aadhaar/ passport/ voter’s ID
- PAN card
- Proof of business ownership
- Other financial documents
Short-term business loan interest rate and charges
We offer short term financing at attractive business loan interest rates.
Type of fee |
Applicable charges |
Rate of interest |
14% to 25% per annum |
Processing fees |
Up to 4.72% of the loan amount (inclusive of applicable taxes) |
Bounce charges |
Rs. 1,500 per bounce. “Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason. |
Flexi Facility Charge |
Term Loan - Not applicable Flexi Term Loan (Flexi Dropline) - Rs. 999/- (inclusive of applicable taxes) Flexi Hybrid Term Loan (as applicable below) -
*The above Flexi facility charges will be deducted upfront from the loan amount |
Penal charge |
Delay in payment of instalment(s) shall attract Penal Charge at the rate of 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Prepayment charges |
Full Pre-payment
Part Pre-payment
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Stamp duty |
Payable as per state laws and deducted upfront from loan amount |
Annual maintenance charges |
Term Loan – not applicable. Flexi Term Loan (Flexi Dropline): Up to 0.413% (inclusive of applicable taxes) of the Dropline Limit (as per the repayment schedule) on the date of levy of such charges. Flexi Hybrid Term Loan: Up to 1.18% (inclusive of applicable taxes) of the Dropline Limit during Initial loan tenor. Up to 1.18% (inclusive of applicable taxes) of Dropline Limit during Subsequent loan tenor. |
| Legal and incidental charges | Recovery of charges |
| Principal Holiday Facility Fees | Principal Holiday (as applicable below) - (Inclusive of applicable taxes) Up to Rs. 6499 (Inclusive of applicable taxes) for loan amount less than Rs. 10,00,000. Up to Rs. 8,999 (Inclusive of applicable taxes) for loan amount between Rs. 10,00,000 and 14,99,999. Up to Rs. 13,999 (Inclusive of applicable taxes) for loan amount between Rs. 15,00,000 and Rs. 24,99,999. Up to Rs. 16,999 (Inclusive of applicable taxes) for loan amount Rs. 25,00,000 and above. Note- The above principal holiday facility fees will be deducted upfront from loan amount. Loan amount includes approved loan amount, Insurance Premium and VAS Charges. |
How to apply for a short-term business loan
Follow these basic steps to apply for a short-term business loan online.
- 1 Click on the ‘APPLY' button on this page
- 2 Enter your 10-digit mobile number and OTP
- 3 Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code
- 4 Once you enter all your details, please click on ‘PROCEED’ to visit the loan selection page
- 5 Enter the loan amount that you need. Choose from our three business loan variants – Term, Flexi Term, and Flexi Hybrid Term.
- 6 Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘PROCEED’
- 7 Complete your KYC and submit your business loan application
Our representative will guide you on the next steps. The loan amount will be transferred to your bank account upon verification of your documents.
Frequently asked questions
A short-term business loan is a loan option or short-term funding offered to cater urgent or short-term business requirements. This loan can be availed to cover any business expenditure, such as meeting working capital needs, business expansion, managing business cash flow, covering operational cost, etc.
The tenure for the Bajaj Finserv Business Loan is 12 months to 96 months.
A short-term Loan can be a good or bad option depending on your situation and goals. A short-term Loan can provide quick and easy capital, lower interest costs, and improved credit score. However, it can also have higher interest rates, cash flow pressure, and debt risk.
