Borrow as you need, repay as you can - Loan up to Rs. 30 lakh | Only 2 documents required

image

Features and Benefits

Convenient and quick. Bajaj Finserv SME Loans are designed to help growing businesses meet their financial requirements in a timely, easy way. With loan up to Rs. 30 lakh, a unique Flexi loan facility, and approval in just 24 hours, our SME Loan is the ideal source of hassle-free finance for your business.

  • Loan up to Rs. 30 Lakh

    High loan limit of Rs. 30 lakh, to finance all your business needs.

  • Quick Processing

    Easy online application process with approval in 24 hours, and disbursal within 48 hours.

  • Flexi Term Loan facility

    Flexi Loan Facility

    Flexi loan facility, to let you borrow and prepay funds as per your business’s requirements. Get a set loan limit for a fixed tenor, and borrow from it whenever you need, as many times as you need. Get the option to pay only the interest amount as EMIs, and repay the principal at the end of the tenor. Pay interest only on the amount withdrawn, and not the full loan limit.

  • Minimal Documentation

    Easy eligibility criteria with minimal documentation required, for easy processing.

  • Flexible Tenors

    Tenors ranging from 12 months to 60 months, to fit your budget.

  • Online Fund Management

    Complete online management of your loan account, for hassle-free access to your funds.

  • No Collateral Required

    No collateral or guarantors needed, for quick loan processing

  • Pre-approved offers

    Pre-approved Offers

    Exclusive pre-approved offers on your loan, so that you get more value for your money.

  • Our SME Loans come with fast processing, minimal documentation requirements, and nominal interest rates. Use this loan to expand your business operations, upgrade your equipment, or boost your working capital. Apply for an SME Loan from Bajaj Finserv today.

SME Loan Eligibility Criteria

To apply for an SME Loan from Bajaj Finserv, you must be one of the following:

  • Self-employed Professionals (SEP) – Allopathic doctors, chartered accountants, company secretaries, and architects who are practicing their profession

  • Self-employed Non-professionals (SENP) – Traders, manufacturers, retailers, proprietors, and service providers

  • Entities - Partnerships, limited liability partnerships, private limited, and closely held limited companies

In addition:

  • You should be an Indian resident aged between 25-66 years

  • Your business should have a vintage of at least 3 years



Documents Required for SME Loan

You will need the following documents to apply for an SME Loan:

  • KYC documents

  • Proof of business existence

  • Relevant financial documents

SME Loan – Fees and Charges

Charges for Bajaj Finserv SME Loan are as follows:

  • Types of Fees
  • Applicable Charges
  •  
  • Rate of interest
  • Up to 16% -35%
  • Processing fees
  • Up to 2%
  • Loan statement charges
  • NIL
  • Interest & principle statement charges
  • NIL
  • EMI bounce charges
  • Rs.2,500 for every bounce
  • Penal interest
  • 2.00% p.m

*Applicable following 1st EMI clearance.

Foreclosure Charges

  • Borrower Type: Interest Type
  • Time Period (Months)
  • Foreclosure charges
  •  
  • Individual: Floating rate
  • <1
  • NIL
  • Non-Individual: Floating rate
  • >1
  • NIL
  • All borrowers: Fixed rate
  • >1
  • NIL

*For Term Loan on principal outstanding

*For Flexi Interest-only Loan Charges will be calculated on sanctioned limit

*For Flexi Term Loan charges will be calculated on current Dropline limit

*SME Loan can be foreclosed only after the first EMI is paid. Before this, the loan can only be cancelled.

Part Prepayment Charges

  • Borrower Type
  • Time Period (Months)
  • Part payment charges
  •  
  • Individual: Floating rate
  • >1
  • NIL
  • Non-Individual: Floating rate
  • >1
  • 2% plus applicable taxes on part payment amount paid
  • All borrowers: Fixed rate
  • >1
  • 2% plus applicable taxes on part payment amount paid

*Part-prepayment made should be more than 1 EMI.

*These charges are not applicable for Flexi Interest-only and Flexi Term facilities.

How To Apply

You can apply for an SME Loan offline or online.

To apply offline, SMS ‘BL’ to 9773633633. Our representative will contact you with your pre-approved loan offer.
To apply online, click here and fill out the application form. Our representative will contact you with your loan offer within 24 hours.
 

Business Loan Instant Approval

Please enter your first and last name
Please enter 10 digit mobile number
Please enter your address

Is your firm audited by CA

People Also Considered Title

Home Loan People Considered Image

Home Loan

Our Lowest ever rate on Balance Transfer | *T&C apply

APPLY NOW
Business Loan People Considered Image

Business Loan

Loan up to Rs. 30 lakhs, to help your business grow

APPLY NOW
Doctor Loan People Considered Image

Doctor Loan

Customised financial solutions designed exclusively for doctors

APPLY NOW

Loan Against Shares

Secured finance against your shares, for all your needs

APPLY NOW