India is seeing big changes in its business world, thanks to new and creative startups. These startups are helping the country's economy grow. Today, India has the third-largest startup ecosystem in the world, with more than 75,000 registered startups.

But to keep running and growing, these startups need regular funding. Like any other business, startups need a lot of money for different things like daily operations, advertising, marketing, making products, buying other businesses, or expanding.

That’s why many business owners look for the right startup business loan to meet their financial needs. These loans help entrepreneurs get quick money to manage their startup costs.

Features and benefits of a start-up business loan

  • Easy documentation

    Easy documentation

    You only need to submit a few basic documents to our representative, who will reach your doorstep.

  • Quick loan approval

    Quick loan approval

    Get quick approval within 24 hours* after meeting the eligibility criteria. Use the loan amount to meet immediate financing needs.

  • Collateral-free financing

    Collateral-free financing

    Avail of a high-value loan amount without pledging any assets with us.

  • Easy repayments

    Easy repayments

    We provide convenient and affordable repayments with a tenure ranging up to 96 months.

  • Lower your EMIs.

    Lower your EMIs.

    Choose our Flexi facility and lower your EMIs by up to 45%*.

  • Attractive rates

    Attractive rates

    Get attractive rates of interest on business loans and enjoy affordable repayments.

  • Online account access

    Online account access

    You can manage your loan account with our dedicated online customer portal – My Account.

*Terms and conditions apply.

Eligibility criteria and documents required

To help fund the financial requirements of start-up businesses, Bajaj Finance offers credits against simple eligibility criteria. Find them below:

  • Business vintage

    Business vintage

    At least 3 years

  • CIBIL Score

    CIBIL Score

    685 or above

  • Age

    Age

    24 to 80 years*
    (*age should be 80 years at loan maturity).

  • Nationality

    Nationality

    Indian resident

The following documents are required to get instant small business loans.

  • KYC documents
  • Proof of business ownership
  • Other financial documents

Interest rates and charges

Start-up business loan comes with nominal interest rates and no hidden charges. To view the list of the fees applicable on this loan, click here.

Type of fee

Applicable charges

Rate of interest

14 to 25% per annum

Processing fees

Up to 4.72% of the loan amount (inclusive of applicable taxes)

Bounce charges

Rs. 1,500 per bounce.

“Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason.

Flexi Facility Charge

Term Loan - Not applicable
Flexi Term Loan (Flexi Dropline) - Up to Rs. 999/- (inclusive of applicable taxes)
Flexi Hybrid Loan (as applicable below) -

• Up to Rs. 6,499/- (inclusive of applicable taxes) for loan amount less than Rs. 1000000/-.
• Up to Rs. 8,999/- (inclusive of applicable taxes) for loan amount from Rs. 1000000/- to Rs. 1499999/-.
• Up to Rs. 13,999/- (inclusive of applicable taxes) for loan amount from Rs. 15,00,000/- to Rs. 24,99,999/-
• Up to Rs. 16,999/- (inclusive of applicable taxes) for loan amount of Rs. 25,00,000/- and above.

*The above Flexi facility charges will be deducted upfront from the loan amount
*Loan amount includes approved loan amount, insurance , VAS Charges.

Penal charge

Delay in payment of instalment(s) shall attract Penal Charge of Rs. 40 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Prepayment charges

Full Pre-payment

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 prepayment.

Part-prepayment –

Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment.

Not applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi.

Stamp duty

Payable as per state laws and deducted upfront from loan amount

Broken period interest

Method of recovery of "Broken Period Interest/Pre monthly instalment Interest" would be as follows:

Scenario 1: If Loan is disbursed on 1st or post 10th of the month:

For Term Loan : BPI amount will be capitalised, i.e added to Principal amount on Due date / Deducted from disbursement
For Flexi Loans: BPI amount will be capitalised, i.e added to Principal amount on Due date / Added to first instalment

Scenario 2: If Loan is disbursed between 3rd and 10th of the month:
First instalment will consist of interest for actual number of days.

Annual maintenance charges

Term Loan: Not applicable

Flexi Term Loan (Flexi Dropline): Up to 0.413% (Inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges.

Flexi Hybrid Loan: Up to 1.18% (Inclusive of applicable taxes) of the Total Withdrawable Amount during Initial loan tenure. Up to 0.413% (Inclusive of applicable taxes) of the Total Withdrawable Amount during Subsequent loan tenure.

Legal and incidental charges

Recovery of charges

Principal Holiday Facility Fees

Principal Holiday (as applicable below) - (Inclusive of applicable taxes)

Up to Rs. 6499 (Inclusive of applicable taxes) for loan amount less than Rs. 10,00,000.

Up to Rs. 8,999 (Inclusive of applicable taxes) for loan amount between Rs. 10,00,000 and 14,99,999.

Up to Rs. 13,999 (Inclusive of applicable taxes) for loan amount between Rs. 15,00,000 and Rs. 24,99,999.

Up to Rs. 16,999 (Inclusive of applicable taxes) for loan amount Rs. 25,00,000 and above.

Note-

The above principal holiday facility fees will be deducted upfront from loan amount.

Loan amount includes approved loan amount, Insurance Premium and VAS Charges.


How to Get Startup Business Loan

  • Click on the ‘APPLY’ button on this page.
  • Enter your 10-digit mobile number and the OTP you receive.
  • Fill in the form with your basic details – full name, PAN, date of birth, and PIN code.
  • After entering your details, click on ‘PROCEED’ to go to the loan selection page.
  • Enter the loan amount you need. Choose one of our three business loan options – Term Loan, Flexi Term Loan, or Flexi Hybrid Loan.
  • Select how long you want to repay the loan – from 12 to 96 months – and click ‘PROCEED’.
  • Complete your KYC process and submit your business loan application.
  • Our team will contact you to guide you through the next steps. Once your documents are verified, the loan amount will be sent to your bank account.

Frequently asked questions

What are the other fees and charges associated with a business loan?

Apart from the interest rate, the other applicable charges and fees for a start-up loan are:

  • Broken period interest
  • Processing fee
Is CIBIL Score important to get a business loan?

Yes, CIBIL Score is an important eligibility criterion for business loan. For Bajaj Finserv Business Loan you must have a CIBIL Score of 685 or higher.

How would I know if I am eligible to avail of a business loan or not?

You can simply look at the eligibility criteria and then determine your eligibility. Otherwise, opt for an easier method and use an online eligibility calculator to get quick and accurate results.

How hard is it to get a start-up loan in India?

The difficulty or ease to avail of a start-up loan depends on the business itself. There are several factors that lenders consider before approving a loan application. Borrowers must maintain a good credit score and meet/ exceed the eligibility to avail of a high-value loan amount with ease.

Is it mandatory to have a business plan before availing of a start-up business loan?

Yes, it is mandatory to have a business plan before you avail of a loan. A start-up business loan comes with simple eligibility criteria and minimal documents. With Bajaj Finance, you can get collateral-free funds up to Rs. 80 lakh* (*inclusive of Insurance premium, VAS charges, documentation charges, Flexi fees, and processing fees) once you meet the following eligibility parameters:

  • You must be between 24 to 80 years* (*age should be 80 years at the time of loan maturity).
  • You must have a minimum business vintage of 3 years.
  • You must have a CIBIL Score of 685 or higher.

*Term and conditions apply.

How old does my venture need to be if I wish to apply for a start-up business loan?

If you are applying for a start-up business loan, your business must have a minimum vintage of 3 years. You also need to meet a few other eligibility parameters and submit the required documents to get a loan of up to Rs. 80 lakh* from Bajaj Finance.

*Inclusive of Insurance premium, VAS charges, documentation charges, Flexi fees, and processing fees).

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