Secured Business Loan eligibility and documents

Read on to know the criteria required to get our secured business loan.

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:
  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.

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Secured business loan application process

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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.

Frequently asked questions

What is the maximum tenure to repay the secured business loan?

You can take advantage of our flexible repayment tenures, which go up to 180 months.

What is the CIBIL Score required to be eligible for a Bajaj Finserv Secured Business Loan?

A CIBIL Score of 720 or higher is necessary to apply for our secured business loan.

What is the mode of repayment?

You can repay your secured business loan through a NACH mandate.

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

Bajaj Finserv's My Account portal makes loan statements easier to obtain online. You can look at and manage your loan account through this portal from anywhere in the world. You can also download E-statements and certificates without any charge.

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