Features and benefits
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Flexible repayments
To repay your loan amount, you can choose from tenure of up to 96 months to repay your loan amount.
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High-value loan amount
Get a high-value loan amount of up to Rs. 80 lakh upon meeting the eligibility to meet all your working capital requirements.
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Loan in account in 24 hours*
Upon filing the application and getting loan approval, you can receive the loan amount in your bank account within 24 hours*.
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Choose a Flexi Loan to lower your EMIs
You can lower your EMIs by up to 45%* on EMIs through the Bajaj Finserv Flexi loan facility. Withdraw money from a pre-set amount and pay interest only on that amount.
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No security
Get easy loans without collateral, meaning you will not have to pledge any asset while availing of a loan from us.
What is Microfinance?
Microfinance is a type of financial service that provides small loans, savings, insurance, and payment systems to low-income individuals or groups who lack access to conventional banking.
Benefits of micro finance
Some of the benefits of microfinance are:
- It helps start or expand businesses, increase income, and create jobs.
- It empowers women to become more independent, confident, and socially active.
- It improves well-being of the borrowers and their families.
- It fosters financial inclusion and literacy among the marginalised sections of society.
- It contributes to the economic development and poverty reduction of the communities and countries where it operates.
Eligibility criteria
Getting a micro loan from us is hassle-free and convenient. You just need to meet the following eligibility parameters:
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Citizenship
Indian Resident
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Age
Between 18 and 80*
(*age should be 80 at the time of loan maturity) -
CIBIL Score
685 or more
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Business vintage
Minimum of 3 years
Documents required:
- KYC documents - Aadhaar/ passport/ voter’s ID
- PAN card
- Proof of business ownership
- Other financial documents
Interest rate and charges
Microfinance loan comes with nominal interest rates and no hidden charges. To view the list of the fees applicable on this loan, click here.
How to Apply
To apply for microfinance loan, simply follow these steps:
- Click on the ‘APPLY' button on this page.
- Enter your 10-digit mobile number and OTP.
- Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
- Once you enter all your details, please click on ‘PROCEED’ to visit the loan selection page.
- Enter the loan amount that you need. Choose from our three business loan variants – Term, Flexi Term, and Flexi Hybrid.
- Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘PROCEED’.
- Complete your KYC and submit your business loan application.
