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Your Secured Business Loan with us

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Secured Business Loan

3 unique variants | Up to Rs. 1.05 Cr | Tenure up to 180 months
Secured Business Loan
3 unique variants | Up to Rs. 1.05 Cr | Tenure up to 180 months
BL_PDP_01_Three_Unique_Variants
3 unique variants
BL_PDP_03_Rupee
Loan of up to Rs. 1.05 crore
BL_PDP_04_Minimal_Documentation
Minimal Documentation
BL_PDP_06_FlexibleLoanTenure
Convenient tenures of up to 15 years
BL_PDP_01_Three_Unique_Variants
3 unique variants
BL_PDP_03_Rupee
Loan of up to Rs. 1.05 crore
BL_PDP_04_Minimal_Documentation
Minimal Documentation
BL_PDP_06_FlexibleLoanTenure
Convenient tenures of up to 15 years
EMI Calculator

EMI Calculator

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Features and benefits of our secured business loan

  • 3 unique variants

    We have 3 new unique variants – Term loan, Flexi Term Loan, Flexi Hybrid Loan. Choose the one that works for you best.

  • No part-prepayment fee on Flexi variants

    With Flexi variants, you can borrow as many times as you want to and part-prepay whenever you can. No extra charges.

  • Loan of up to Rs. 1.05 crore

    Get loans from Rs. 1 lakh to Rs. 1.05 crore through an end-to-end online application process to manage your small/ large expenses.

  • Convenient tenures of up to 15 YEARS

    We offer extended repayment tenures of up to 180 MONTHS so that you can pay your loans comfortably.

  • Minimal documentation

    You need to submit just a few basic documents to apply for our secured business loan.

  • Immediate processing

    In most cases, you will receive funds in your account within 48 hours* of approval and document verification.

  • No hidden charges

    All fees and charges are mentioned upfront on this page and in the loan document. We advise you to read these in detail.

  • End-to-end online application process

    You can apply for our secured business loan from the comfort of wherever you are, at a time convenient for you.

*Terms and conditions apply
 

A loan for all your goals

A secured business loan can fulfil diverse needs, including enhancing working capital, supporting business expansion, purchasing machinery, or facilitating digitalisation of business. Whether it is covering daily operational expenses, financing expansion endeavours, acquiring top-tier machinery, or embracing digital transformation, a secured business loan of up to Rs. 1.05 crore offers the financial agility required to advance your business and capitalise on growth prospects.

Still haven’t found what you’re looking for? Click on any of the links at the top of this page.

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Eligibility and documents

Anyone can apply for our secured business loan, as long as you meet the basic criteria mentioned below. If you meet all the eligibility criteria, you will need a set of documents to complete your application process.

Eligibility criteria

  • Nationality: Indian
  • Business vintage: At least 3 years
  • CIBIL Score: 720 or higher
  • Work status: Self-employed/ salaried
  • Age: 22 years to 85 years*
  • Age for non-financial property owners: 18 years to 85 years*

A higher age of co-applicant may be considered up to 95 years basis 2nd generation (legal heir) meeting age norms and to be taken as co-applicant on loan structure

  • Work experience for salaried employees: At least 1 year
  • Minimum salary: Rs. 24,000 per month

*Upper limit is the age at the end of your loan tenure.

Documents required

KYC documents:

  1. Passport
  2. Driving License
  3. Voter’s Identity Card
  4. Aadhaar Card
  5. Job Card issued by NREGA duly signed by an officer of the State Government
  6. Letter issued by the National Population Register
  • PAN card
  • Employer identity card or documents of business ownership such as partnership agreement, and registration certificate
  • Bank account statements for the last 6 months, income tax returns, or financial documents such as balance sheet or profit and loss statement
  • Documents of the property to be mortgaged, such as title documents

*Any additional documents that may be required will be communicated.

How to apply for our secured business loan

Step-by-step guide to applying for a secured business loan

  1. Click on the ‘APPLY' button on this page.
  2. Enter your first name, last name, PIN code, 10-digit mobile number, and OTP.
  3. Fill in the application form with your details, such as your date of birth and employment type.
  4. Select the type of loan you want (loan against property, or loan against property balance transfer), enter the amount, and the PIN code of your property to be pledged. 
  5. Once you fill in all the details, click on ‘SUBMIT’ to finish your application.

Our representative will guide you on the next steps.

Applicable fees and charges on our secured business loan

Type of fee

Applicable charges

Rate of interest

9% to 30% per annum

Processing fee

Up to 3.54% of the loan amount (inclusive of applicable taxes).

Document charges

Up to Rs. 2,360 (inclusive of applicable taxes).

Flexi fee

Not applicable

Prepayment charges

Full prepayment (foreclosure)

  • Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment
  • 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 prepayment

  • Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part prepayment.
  • Not applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid Loan.

Annual maintenance charges

Term Loan – not applicable.

Flexi Term Loan - not applicable.

Flexi Hybrid Loan - Up to 0.295% (inclusive of applicable taxes) on the total withdrawable amount during the initial loan tenure. Not applicable for the subsequent loan tenure.

Bounce charges

Rs. 1,500 per bounce.
“Bounce charges” shall mean charges for 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.

Penal charge

Delay in payment of instalment(s) shall attract Penal Charge of Rs. 36 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Stamp duty

Payable as per state laws

Broken period interest/ Pre-EMI interest

Broken period interest/pre-EMI interest shall mean the amount of interest on the 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.

Mortgage origination fees

Up to Rs. 6,000 per property (inclusive of applicable taxes), charged upfront.

Note - In case of re-valuation of the property then MOF will be levied again and shall be deducted from loan disbursement amount.

Cash collection handling charges

Rs. 177 (inclusive of applicable taxes) will be charged if customer opts to make payment in cash when the collection is done by the collection agents. This fee is charged only once per month, regardless of the number of payments made against multiple LANs.

Cash deposit charges Customers will incur a cash deposition charge of Rs. 50 (Inclusive of Applicable taxes) when making cash payments at our branch offices.
PG facility charges Rs. 11 (Inclusive of Applicable taxes) will be charged for utilizing the payment gateway to make part or full payments towards the loan through digital properties.

CERSAI charges

Up to 118/- (inclusive of applicable taxes)

Our loan variants

Loan variant

What is it

Flexibility

Withdrawals

EMIs

Part-prepayment Charges

Flexi Charges

Flexi Hybrid Loan

Allows flexibility in borrowing and repaying within a specified loan limit. You can withdraw and repay multiple times within the approved limit. Interest-only EMI is charged only on the amount utilised.

Easily withdraw funds from the sanctioned limit and prepay effortlessly with our most flexible loan variant.


Get unrestricted access to funds with multiple withdrawals from the approved loan limit.

Interest-only EMIs for the initial part of the loan tenure. EMI applicable only on the withdrawn amount.

No part-prepayment charges.

Nominal* Flexi charges applicable.

Flexi Term Loan

Offers flexibility in borrowing and repaying within a specified loan limit. Your EMIs cover both the principal and interest for the withdrawn sum over the entire duration.

Easily withdraw funds from the sanctioned limit and prepay effortlessly. More flexible than our regular term loan.


Get unrestricted access to funds with multiple withdrawals from the approved loan limit.

Fixed EMIs only on the withdrawn amount.

No part-prepayment charges.

Nominal* Flexi charges applicable.

Term Loan

There is no pre-assigned limit. Involves borrowing a fixed amount for a specified term. Repayments are made through regular EMIs, comprising both principal and interest.

Fixed loan structure and repayment schedule. Less flexible than our flexi term or flexi hybrid loans.

Single disbursement of the loan amount.

Fixed EMIs on the disbursed amount.

Nominal* part-prepayment charges applicable.

No Flexi charges.

*Please refer to the Interest Rates, Fees and Charges section for more details on Flexi charges and annual maintenance charges.

Frequently asked questions

What is the maximum amount of loan that I can get?

Once you meet the eligibility criteria and submit the required documents, you can get a secured business loan of up to Rs. 1.05 crore (inclusive of insurance premium, VAS charges, documentation charges).

What is the Flexi Term Loan facility?

Bajaj Finance offers secured business loan with the Flexi variants that allow you to withdraw money as per your requirement from a sanctioned loan amount. You will have to pay interest only on the withdrawn amount and not on the entire loan limit. With the Flexi Hybrid Loan, you can also part-prepay when you have extra funds without any additional charge.

Where can I find the loan account statement for my secured business loan?

We offer easy online access to loan statements through our customer portal, My Account. With the help of this portal, you can view and manage your loan account from anywhere in the world. You can also download the e-statements and certificates free of cost.

Can I apply for a secured business loan if I already have an existing loan?

You can apply for a secured business loan even if you have an existing loan. Please note that having multiple loans simultaneously may impact your credit score.

What are the types of calculators are available to assist with secured business loan decisions?

Bajaj Finance offers 2 variations of calculators to aid in secured business loan decisions:

  1. Secured Business Loan EMI Calculator
  2. Secured Business Loan Eligibility Calculator
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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.