A loan for all your goals
3 unique variants of our secured business loan
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Flexi Term Loan
Assume you have a loan of Rs. 20 lakh with a 24 month repayment schedule. For the first six months, you made timely EMI payments. You must have returned about Rs. 5 lakh by this point, plus interest.
You realise that you require an additional Rs. 5 lakh. Sign-in to our customer portal, My Account, to withdraw more money from your Flexi Term Loan account.
Let's imagine you opted to pay off a portion of your loan, say Rs. 10 lakh, after three months. By signing-in to My Account, you can quickly make a payment.
You only need to pay interest on the outstanding principal because your interest will be automatically adjusted throughout. Your EMI includes both the principal and the adjusted interest.
Modern businesses need to be dynamic and may require urgent expenditures. For these purposes, a Flexi Term Loan is ideal.
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Flexi Hybrid Loan
This variant works just like the Flexi Term Loan. The only difference is that, for the initial period of the loan, your EMI will only consist of the applicable interest. For the subsequent period, the EMI will consist of the interest and principal components.
Click here for a detailed description of how our Flexi Hybrid Loan works.
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Term Loan
This is like regular secured business loan. You borrow a certain amount of money, which is divided into equated monthly instalments that consist of both principal and the applicable interest.
Features and benefits of our secured business loan

Features and benefits of our Secured Business Loan
Watch this video to know everything about the features of our secured business loan.
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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.
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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.
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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.
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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.
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Minimal documentation
You need to submit just a few basic documents to apply for our secured business loan.
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Immediate processing
In most cases, you will receive funds in your account within 48 hours* of approval and document verification.
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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.
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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.
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*Terms and conditions apply
Still haven’t found what you’re looking for? Click on any of the links at the top of this page.
Eligibility criteria and documents required
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 70 years*
- Age for non-financial property owners: 18 years to 80 years*
- Work experience for salaried employees: At least 2 years
- Minimum salary: Rs. 24,000 per month
*Upper limit is the age at the end of your loan tenure.
Documents
- KYC documents:
- Passport
- Driving License
- Voter’s Identity Card
- Aadhaar Card
- PAN card
- Job Card issued by NREGA duly signed by an officer of the State Government
- Letter issued by the National Population Register
- 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 during the loan application process.
Secured business loan application process

Applicable fees and charges
Types of fee | Applicable charges |
Rate of interest | 9% - 30% per annum |
Processing fee | Up to 3.54% of the loan amount (inclusive of applicable taxes) |
Document processing charges | Up to Rs. 2,360 (inclusive of applicable taxes) |
Flexi fee | Not applicable |
Prepayment charges | Full prepayment (foreclosure)
Part prepayment
Note: If all borrowers and co-borrowers are individuals, loan availed on floating interest rates, and loan taken for purposes other than business use, then there will be no foreclosure/ part-prepayment charges. |
Annual maintenance charges | Term Loan: Not applicable Flexi Term Loan (Flexi Dropline): Not applicable Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial loan tenure. Not applicable during the subsequent loan tenure |
Bounce charges | In case of default of repayment instrument, Rs. 1,500 per bounce will be levied |
Penal interest | Any delay in payment of monthly instalment shall attract penal interest at the rate of 3.50% per month on the monthly instalment outstanding, from the date of default until the receipt of monthly instalment. |
Stamp duty | Payable as per state laws |
Mandate rejection charges | Rs. 450 per month from the first month of due date for mandate rejected by customer's bank until the new mandate is registered |
Broken period interest/ pre-EMI interest | Broken period interest/ pre-EMI interest shall mean the amount of interest on Loan for the number of day(s) which is(are) charged in two scenarios:
Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged:
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Mortgage origination fees | Up to Rs. 6,000 per property (inclusive of applicable taxes) |
Property insight (if availed) | Rs. 6,999 per property (inclusive of applicable taxes) |
Mandate registration charges | In case of UPI mandate registration, Re. 1 (inclusive of applicable taxes) will be collected from the customer |
Frequently asked questions
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 and Flexi fees).
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.
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.
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.