Features and benefits
-
Swift processing
Apply easily without pledging your business assets and get loan approval in 48 hours*.
-
Up to Rs. 80 lakh
Bolster working capital, pay royalty fees, maintain healthy cash flow, and much more with the ample sanctions available to you.
-
Flexi benefits
Choose the Flexi facility to borrow from your sanction and opt to pay interest-only EMIs and reduce the outgo by up to 45%*.
Running a franchise requires significant finance to establish and increase your reach to a new market segment. You can do all of this and more when you opt for finance for franchise from Bajaj Finance. This offering gives you access to capital of up to Rs. 80 lakh, and you can use it freely to make any business-related expenses.
This loan does not require any collateral and has simple eligibility parameters. You just need to submit a few documents and get your loan stress-free. Be sure to use our handy Business Loan EMI Calculator to plan repayment.
Eligibility criteria and documents required
Qualifying for our franchise finance is easy. All you have to do is meet the following eligibility criteria and submit the basic documents to apply.
-
Age
24 to 80 years* Years
(* age should be 80 years Years at the time of loan maturity)
-
Work status
Self-employed
-
Nationality
Resident Indian citizen
-
Business vintage
At least 3 years
-
CIBIL Score
685 or higher
Documents required:
- KYC documents - Aadhaar/ passport/ voter’s ID
- PAN card
- Proof of business ownership
- Other financial documents
Interest rate and fees applicable
Finance your franchise’s needs with Bajaj Finserv and enjoy a low-interest rate on your loan. Refer to this table for a breakup of the fees and charges.
| 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 charge | 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 Term Loan (as applicable below) - *The above Flexi facility charges will be deducted upfront from the loan amount *Loan amount includes approved loan amount, insurance premium, VAS charges, and documentation charges. |
| Penal interest | Delay in payment of instalment(s) shall attract Penal Charge of 36% per annum instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
| Pre-payment charges | Full Pre-payment
Part Pre-payment
|
| Stamp duty (as per respective state) |
Payable as per state laws and deducted upfront from loan amount |
| Annual maintenance charges | Term Loan – Not Applicable Flexi Term Loan (Flexi Dropline): Up to 0.413% (inclusive of applicable taxes) of the Dropline Limit (as per the repayment schedule) on the date of levy of such charges. Flexi Hybrid Term Loan: Up to 1.18% (inclusive of applicable taxes) of the Dropline Limit during Initial loan tenor. Up to 1.18% (inclusive of applicable taxes) of the Total Withdrawable Amount during Subsequent loan tenure of Dropline Limit during Subsequent loan tenor. |
| 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 apply
To apply for funding easily, all you have to do is fill out the quick application form by following these steps:
- 1 Click on the ‘APPLY' button on this page.
- 2 Enter your 10-digit mobile number and OTP.
- 3 Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
- 4 Once you enter all your details, please click on ‘PROCEED’ to visit the loan selection page.
- 5 Enter the loan amount that you need. Choose from our three business loan variants – Term, Flexi Term, and Flexi Hybrid Term.
- 6 Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘PROCEED’.
- 7 Complete your KYC and submit your business loan application.
Our representative will guide you on the next steps. The loan amount will be transferred to your bank account upon verification of your documents.
Frequently asked questions
Franchise finance refers to the funding and financial management involved in establishing or expanding a franchise business. It covers obtaining capital for franchise fees, equipment, and operational expenses, as well as managing ongoing financial aspects such as royalties and profits.
Franchise businesses can be categorized into four main types:
a) Product Distribution Franchise (e.g., Coca-Cola)
b) Business Format Franchise (e.g., McDonald's)
c) Manufacturing Franchise (e.g., Toyota)
d) Investment Franchise (e.g., real estate or stock brokerage).
A franchise is a business model where a franchisee (individual or entity) licenses the rights to operate a brand's established business system. An example is Subway, where franchisees use the Subway brand, recipes, and support in exchange for fees and royalties, following the established business model.
