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
All you need to know about 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. 10.5 crore
Get loans from Rs. 1 lakh to Rs. 10.5 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.
EMI Calculator
Plan your instalments better.
Pre-approved offers for new customers
We have pre-approved offers for our existing customers as well as our new customers. We only need your phone number to verify your identity.
If you are a pre-approved customer, you do not need to complete the application process in its entirety. Consider it to be our green channel.
You might not require a loan at this time, or you might not have a pre-approved offer. There is still a vast selection of products available, which you can choose from:
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Set up your Bajaj Pay Wallet
The 4-in-1 wallet gives you the option to transfer money or pay using UPI, EMI Network Card, Credit Card, and your digital wallet.
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Check your credit health
The two most crucial factors you should consider are your credit health and your CIBIL Score. Get our Credit Health Report to know your current financial health.
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Pocket Insurance to cover all your life events
We have more than 200+ insurance plans that start from Rs. 19. They cover all life events, like hiking, common diseases, losing your car keys, and more.
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Set up an SIP for as little as Rs. 100 per month
Select from over 900 mutual funds from 40+ mutual fund companies, like Aditya Birla, SBI, HDFC, ICICI Prudential, and more.
Know your CIBIL Score
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 1 year
- Minimum salary: Rs. 24,000 per month
*Upper limit is the age at the end of your loan tenure.
Documents
- KYC documents: Aadhaar/ PAN card/ passport/ voter’s ID
- 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
Applicable fees and charges
Type of fee |
Applicable charges |
Rate of interest |
9% to 22% p.a. |
Processing fees |
Up to 3.54% of the loan amount (inclusive of applicable taxes) |
Documentation Charges |
Up to Rs. 2,360/- (inclusive of applicable taxes) |
Bounce charges |
Rs. 1,500 per bounce. |
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, from the date of default until the receipt of monthly instalment. |
Stamp duty |
Payable as per state laws and deducted upfront from the loan amount |
| Flexi Fee | Term Loan - Not applicable Flexi Variant - Not applicable |
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 |
Mortgage Origination Fees |
Up to Rs. 6,000/- (inclusive of applicable taxes) per property |
Property Insight (if availed) |
Rs. 6,999/- (inclusive of applicable taxes) |
| Pre-payment Charges | Full Pre-payment • 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 pre-payment |
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 initial tenure. Not applicable during subsequent loan tenure |
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): |
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. 10.5 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.