3 unique variants of our secured business loan

  • 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.

  • 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.

  • 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.

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Features and benefits of our secured business loan

Features and benefits of our secured business loan 00:42

Features and benefits of our Secured Business Loan

Watch this video to know everything about the features of our secured business loan.

  • 3 unique variants

    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

    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

    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

    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

    Minimal documentation

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

  • Immediate processing

    Immediate processing

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

  • No hidden charges

    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.

    Know about our fees and charges

  • End-to-end online application process

    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

    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 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 85 years*
  • Age for non-financial property owners: 18 years to 85 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.


  • 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.

Secured business loan application process

Video Image 01:00

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.

  • Did you know?

    You can lower your EMI amount by choosing a longer loan tenure of up to 15 years.

  • Did you know?

    With Flexi Hybrid Loan, you can pay interest-only EMIs for the initial part of the tenure.

  • Did you know?

    A CIBIL Score of 720 or higher will get you faster loan approval.

  • Did you know?

    Part-paying your loan reduces the overall interest amount charged.

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)
Documentation 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 pre-payment

Part prepayment

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

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 Delay in payment of monthly instalment shall attract penal interest at the rate of 42% per annum applicable on the monthly instalment outstanding, from the respective due date until the date of 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 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)
Property insight (if availed) Rs. 6,999 (inclusive of applicable taxes)
CERSAI charges Up to Rs. 118/- (inclusive of applicable taxes)

Frequently asked questions

What is the maximum amount of loan 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 and Flexi fees).

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.

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