Unsecured Loans India – Apply for Unsecured Business Loans in India

Unsecured Business Loans

With no requirement to pledge collateral, an unsecured loan in India for business is an easy source of finance for small businesses.

Additionally, an unsecured loan for business is hassle-free in nature and a quick source of raising business finance to meet any urgent working capital needs.

Unsecured Business Loans: Features and Benefits

Bajaj Finserv Unsecured Business Loans come with a variety of features and benefits, including:

Flexi loan facility

Our unsecured business loans offer a Flexi loan facility, that allows you to borrow any amount you need within a fixed loan limit, for a said duration. You can also choose to pay only the interest as EMI and repay the principal amount at your convenience within the tenor of the facility.
Financing up to Rs.45 lakh

You can a get high loan amount of up to Rs.45 lakh, for all of your short-term, intermediate-term and long-term business goals.
Flexible tenors

Unsecured business loans come with flexible tenors of up to 84 months. This long tenor allows you the flexibility to pay according to your cash flow.
Pre-approved offers

Bajaj Finserv offers personalised deals to its existing customers that come pre-approved. This expedites your loan processing making it faster and hassle-free.
Online account access

You can manage your Bajaj Finserv Unsecured Business Loan account from anywhere at any time, using our customer portal – Experia.

Unsecured Business Loans: Eligibility Criteria and Documents Required

The following criteria make you eligible to apply for a Bajaj Finserv Unsecured Business Loan:

Age: Between 24 to 70 years*
(*Age should be 70 years at loan maturity.)
Your business should have a vintage of at least 3 years.
Your business should have its previous 2 years turnover, duly audited by a CA.

You may be asked to submit other financial documents at the time of loan processing.

Unsecured Business Loan: Interest Rates and Charges

Bajaj Finserv is transparent about the rate of interest and fees applicable on your unsecured business loan. Here are the charges that you are required to pay.

Types of fees
Charge applicable

Rate of interest
17% p.a. and onwards

Processing fees
Up to 2% of the loan amount (plus taxes)

Bounce charges
Up to Rs.3,000 (Inclusive of taxes)

Penal interest
2% per month

Document processing charges
Rs.2,000 (plus taxes)

Outstation collection charges
Not applicable

Document/statement charges
Download loan documents at no additional cost by logging into the customer portal – Experia.
You can also get a physical copy of your documents from any of our branches at a charge of Rs.50/- (inclusive of taxes) per statement/letter/certificate.