Features and benefits

  • High loan sanction

    High loan sanction

    Get funds up to Rs. 80 lakh to pay your vendors on time.

  • Flexi loans

    Flexi loans

    Choose the Flexi facility to reduce your loan EMIs by up to 45%.*

  • Competitive interest rates

    Competitive interest rates

    Get the advantage of competitive vendor finance interest rates that make repaying easier.

  • Pre-approved offers

    Pre-approved offers

    With exclusive offers for existing customers, the process of availing of financing is further simplified.

  • Convenient tenor

    Convenient tenor

    Choose a repayment period ranging up to 96 months for affordable EMIs.

Your business may need to pay various vendors at different phases during manufacturing or post-manufacturing. A shortage of funds can delay the process of paying your vendors and ultimately hinder the goods or services being delivered within your production deadline. Avail of vendor financing from Bajaj Finserv to pay vendors on time and ensure smooth flow of business operations.

Through Bajaj Finserv, you can get a business loan of up to Rs. 80 lakh in just 48 hours*. Opt for the Flexi facility and lower your EMIs by up to 45%* for the initial loan tenor.

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Eligibility criteria and documents required

  • Age

    Age

    24 years to 80 years* Years
    (*Age should be 80 years Years at Loan Maturity)

  • Nationality

    Nationality

    Indian

  • Business vintage

    Business vintage

    Minimum 3 years

  • CIBIL score

    CIBIL score

    Check your CIBIL Score for FREE

    685 or higher

  • Work status

    Work status

    Self-employed

You will also need to submit documents related to KYC, proof of business ownership, and various financial records.

Fees and charges applicable

The interest rate and other charges for vendor finance from Bajaj Finserv are as follows:

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 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.

Flexi Facility Charge

Term Loan - Not applicable

Flexi Term Loan (Flexi Dropline) - Rs. 999/- (inclusive of applicable taxes)

Flexi Hybrid Term Loan (as applicable below) -

  • Up to Rs. 6,499/- (inclusive of applicable taxes) for loan amount less than Rs. 1000000/-.
  • Up to Rs. 8,999/- (inclusive of applicable taxes) for loan amount from Rs. 1000000/- to Rs. 1499999/-.
  • Up to Rs. 13,999/- (inclusive of applicable taxes) for loan amount from Rs. 15,00,000/- to Rs. 24,99,999/-
  • Up to Rs. 16,999/- (inclusive of applicable taxes) for loan amount of Rs. 25,00,000/- and above.

*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 charge

Delay in payment of instalment(s) shall attract Penal Charge of 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Part-prepayment charges*

Full Pre-payment

  • Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment
  • Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the Dropline Limit as per the repayment schedule as on the date of full prepayment.
  • Flexi Hybrid Term Loan: Up to 4.72% (inclusive of applicable taxes) of the Dropline Limit as per the repayment schedule as on the date of full prepayment.

Part Pre-payment

  • Term Loan: Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part Pre-Payment.
  • Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid Term.

Stamp duty

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 0.413% (inclusive of applicable taxes) 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 for vendor finance

It is easy to apply for vendor finance online. Simply follow this step-by-step guide:

  1. 1 Click ‘Apply Online’ to open the application form
  2. 2 Enter your basic details and authenticate with an OTP sent to your number
  3. 3 Fill out the form in full with all the relevant business and personal details
  4. 4 Upload the last 6 months bank statement and submit your application

Post submission of the application, you will be contacted by our representative to take the process further.

*Conditions apply

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