Unsecured Loans India – Apply for Unsecured Business Loans in India

Unsecured Business Loan

Unsecured business loans have an attractive advantage over secured loans, in that you do not have to provide collateral for them. Thus, your assets would be safe with unsecured loans in India for business, even if you are unable to repay it.

Additionally, unsecured loans for business are easy and fast sources of raising business finance to meet any working capital or other business requirements.

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

They come with flexible tenors ranging up to 84 months. This allows you the flexibility to pay according to your cash flow.
Pre-approved offers

Availing these Bajaj Finserv Unsecured Business Loans make you eligible for exclusive pre-approved offers, like top-up loans, reduction of rates, etc.
Online account access

You can manage your Bajaj Finserv Unsecured Business Loan account from anywhere at any time, using an online account.

Unsecured Business Loan: Eligibility Criteria and Documents Required

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

You should be between 25-65 years old.
Your business should have a vintage of at least 3 years.
Your business should have its ITR filed for at least the past 1 year.
Your business should have its previous 2 years turnover, duly audited by a CA.

You may need to submit other relevant financial documents at the time of document verification. You will be informed of these as and when required.

Unsecured Business Loan: Interest Rates and Charges

Bajaj Finserv is transparent about unsecured business loans rates and fees. The following are the charges you may be required to pay.

Fee Type
Charge applicable

Rate of interest
18% 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.