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Secured Business Loan

3 unique variants | Up to Rs. 1.05 Cr | Tenure up to 180 months
3.5
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Features and benefits of our secured business loan
 
 
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Trusted by 3 lakh+ customers

Secured Business Loan
3 unique variants | Up to Rs. 1.05 Cr | Tenure up to 180 months
3.5

Key features

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3 unique variants

Choose from our Flexi Hybrid Term Loan, Flexi Term, and Term Loan variants.

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Loan of up to Rs. 1.05 crore

Manage your small and large expenses with loans of up to Rs. 1.05 crore

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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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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.

Key features

Watch Video ‌
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3 unique variants

Choose from our Flexi Hybrid Term Loan, Flexi Term, and Term Loan variants.

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Loan of up to Rs. 1.05 crore

Manage your small and large expenses with loans of up to Rs. 1.05 crore

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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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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.

EMI Calculator

Secured Business Loan EMI Calculator

Features and benefits of our secured business loan

Features and benefits of our secured business loan
 

Features and benefits of our secured business loan

  • 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

    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 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 15 YEARS

    We offer extended repayment tenures of up to 180 MONTHS so that you can pay your loans comfortably.

  • Minimal documentation

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

  • Immediate processing

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

  • 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.

  • 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

A loan for all your goals

A secured business loan can fulfil diverse needs, including enhancing working capital, supporting business expansion, purchasing machinery, or facilitating digitalisation of business. Whether it is covering daily operational expenses, financing expansion endeavours, acquiring top-tier machinery, or embracing digital transformation, a secured business loan of up to Rs. 1.05 crore offers the financial agility required to advance your business and capitalise on growth prospects.

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 and documents

Eligibility criteria and documents required for Secured Business Loan
 

Eligibility criteria and documents required for Secured Business Loan

  • Eligibility criteria

    • Nationality: Indian
    • Business vintage: At least 5 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*
       

    A higher age of co-applicant may be considered up to 95 years basis 2nd generation (legal heir) meeting age norms and to be taken as co-applicant on loan structure

    • 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 required

    KYC documents:

    • Passport
    • Driving License
    • Voter’s Identity Card
    • Aadhaar Card
    • Job Card issued by NREGA duly signed by an officer of the State Government
    • Letter issued by the National Population Register
       

    If your current address is not the same as the OVD document provided, please share any of the listed DOVD documents. Click here to view the documents

    • 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
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How to apply for our secured business loan

How to apply for Secured Business Loan
 

How to apply for Secured Business Loan

Step-by-step guide to applying for a secured business loan

  1. Click on “CHECK ELIGIBILITY” button on this page.
  2. Enter your 10 digit mobile number and OTP.
  3. Fill in the application form with your Personal Details, Business/Employment/Professional details, Property details and proceed.
  4. Enter your loan amount that you need, choose from our three loan variants- Flexi term loan, Flexi hybrid loan, and Term loan.
  5. Choose the repayment tenure - You can select tenure option of 12 month to 180 month and click on proceed.

Applicable fees and charges on our secured business loan

Type of fee

Applicable charges

Rate of interest

10% to 26% 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 Facility Charge

Term Loan - Not applicable

Flexi term loan (Flexi dropline) (as applicable below) –

  • Up to Rs. 999 (inclusive of applicable taxes) for loan amount less than Rs. 10,00,000.

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

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

  • Up to Rs. 1,999 (inclusive of applicable taxes) for loan amount between Rs. 25,00,000 and Rs. 49,99,999.

  • Up to Rs. 2,999 (inclusive of applicable taxes) for loan amount between Rs. 50,00,000 and Rs. 74,99,999.

  • Up to Rs. 2,999 (inclusive of applicable taxes) for loan amount Rs. 75,00,000 and above.

Flexi Hybrid loan (as applicable below) –

  • Up to Rs. 5,499 (inclusive of applicable taxes) for loan amount less than Rs. 10,00,000.

  • Up to Rs. 6,999 (inclusive of applicable taxes) for loan amount between Rs. 10,00,000 and Rs. 14,99,999.

  • Up to Rs. 9,999 (inclusive of applicable taxes) for loan amount between Rs. 15,00,000 and Rs. 24,99,999.

  • Up to Rs. 11,999 (inclusive of applicable taxes) for loan amount between Rs. 25,00,000 and Rs. 49,99,999.

  • Up to Rs. 13,999 (inclusive of applicable taxes) for loan amount between Rs. 50,00,000 and Rs. 74,99,999.

  • Up to Rs. 14,999 (inclusive of applicable taxes) for loan amount Rs. 75,00,000 and above.

Note –

  1. The above flexi facility charges will be deducted upfront from the loan amount.
  2. The loan amount includes the approved loan amount, insurance premium, VAS charges, and documentation charges.

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 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 Flexi Hybrid Loan.

Annual maintenance charges

Term Loan – not applicable.

Flexi Term Loan - not applicable.

Flexi Hybrid Loan - Up to 0.295% (inclusive of applicable taxes) on the total withdrawable amount during the initial loan tenure. Not applicable for the subsequent loan tenure.

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.

Penal charge

Penal charge is applicable in the following scenarios:

a. Penal Charge: Any payment default shall attract penal charge of Rs. 36 per day for period of such delay from the respective due date and continue to apply until the date of receipt of amounts under the said default.

b. Covenant Perfection Charge: i) Rs. 800/- per day for non-submission of critical documents after 90 days of disbursement. Levy from the date when due on non-compliance of any one or all heads in the category. ii) Rs. 500/- per day for non-submission of non-critical documents after 120 days of disbursement. Levy from the date when due.

Stamp duty (as per respective state) -

Payable as per state laws

Mortgage origination fees

Up to Rs. 6,000 per property (inclusive of applicable taxes), charged upfront.

Note - In case of re-valuation of the property then MOF will be levied again and shall be deducted from loan disbursement amount.

Legal charges

Recovery of charges

Repossession and incidental charges

Recovery of charges
Principal holiday facility fees Principal Holiday (as applicable below) -
Up to Rs. 5,499 (Inclusive of applicable taxes) for loan amount less than Rs. 10,00,000.
Up to Rs. 6,999 (Inclusive of applicable taxes) for loan amount between Rs. 10,00,000 and 14,99,999.
Up to Rs. 9,999 (Inclusive of applicable taxes) for loan amount between Rs. 15,00,000 and Rs. 24,99,999.
Up to Rs. 11,999 (Inclusive of applicable taxes) for loan amount between Rs. 25,00,000 and Rs. 49,99,999.
Up to Rs. 13,999 (Inclusive of applicable taxes) for loan amount between Rs. 50,00,000 and Rs. 74,99,999.
Up to Rs. 14,999 (Inclusive of applicable taxes) for loan amount Rs. 75,00,000 and above.

Note-
(1) The above principal holiday facility fees will be deducted upfront from loan amount.

(2) The loan amount includes approved loan amount, Insurance Premium, VAS Charges and Documentation charges.

Our loan variants

Learn more about loan variants
 

Learn more about loan variants

  • Flexi Hybrid Loan
  • Flexi Term Loan
  • Term Loan

What is it

Allows flexibility in borrowing and repaying within a specified loan limit. You can withdraw and repay multiple times within the approved limit. Interest-only EMI is charged during the Initial Tenure, only on the amount utilised.

Flexibility

Easily withdraw funds from the sanctioned limit and prepay effortlessly with our most flexible loan variant.

Withdrawals

Get unrestricted access to funds with multiple withdrawals from the approved loan limit.

Instalemts

Interest-only Instalemts for the initial part of the loan tenure. EMI applicable only on the withdrawn amount.

Part-prepayment Charges

No part-prepayment charges.

Flexi Charges

*Nominal Flexi charges applicable.

What is it

Offers flexibility in borrowing and repaying within a specified loan limit. Your EMIs cover both the principal and interest for the withdrawn sum over the entire duration.

Flexibility

Easily withdraw funds from the sanctioned limit and prepay effortlessly. More flexible than our regular term loan.

Withdrawals

Get unrestricted access to funds with multiple withdrawals from the approved loan limit.

Instalemts

Fixed Instalemts only on the withdrawn amount.

Part-prepayment Charges

No part-prepayment charges.

Flexi Charges

*Nominal Flexi charges applicable.

What is it

There is no pre-assigned limit. Involves borrowing a fixed amount for a specified term. Repayments are made through regular EMIs, comprising both principal and interest.

Flexibility

Fixed loan structure and repayment schedule. Less flexible than our flexi term or flexi hybrid loans.

Withdrawals

Single disbursement of the loan amount.

Instalemts

Fixed Instalments on the disbursed amount.

Part-prepayment Charges

Nominal* part-prepayment charges applicable.

Flexi Charges

No Flexi charges

*Please refer to the Interest Rates, Fees and Charges section for more details on Flexi charges and annual maintenance charges.

Frequently asked questions

Overview

Features

Application Process

Calculator

What is the maximum amount of loan that 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).

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.

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.

What are the types of calculators available to assist with secured business loan decisions?

Bajaj Finance offers 2 variations of calculators to aid in secured business loan decisions:

  1. Secured Business Loan EMI Calculator
  2. Secured Business Loan Eligibility Calculator
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What do our customers say about us

32 million+ customers
Play Store rating
4.3 million+ reviews
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Reena chandani

Reviewed on 08 Dec 2024

I opted for Bajaj Finance's secured business loan. The interest rates were competitive, and the loan disbursement was quick. Highly recommended for established businesses looking for quick funding.

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Rishi Giri

Reviewed on 08 Dec 2024

Easy online application and quick approval process. The flexible repayment options have helped my business grow without financial stress. Customer service was supportive throughout. Highly recommended for small businesses.

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Praveen Peter

Reviewed on 08 Dec 2024

Quick funds, minimal paperwork. Competitive rates and flexible EMIs suit my business. Very satisfied with Bajaj Finance.

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Rahul Matcha

Reviewed on 08 Dec 2024

Secured a business loan from Bajaj Finance with ease. The online application was straightforward, and I appreciated the flexible repayment options. Customer service was prompt and helpful throughout the process.

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MD Shish

Reviewed on 08 Dec 2024

Hassle-free online application. Transparent terms. Flexible repayment suits my seasonal business. Positive experience.

Watch our videos

Collateral you can use to apply for our Secured Business Loan
 
 

Collateral you can use to apply for our Secured Business Loan

What is Secured Business Loan
 
 

What is Secured Business Loan

Eligibility criteria for our Secured Business Loan
 
 

Eligibility criteria for our Secured Business Loan

How to apply for a secured business loan
 
 

How to apply for a secured business loan

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.