Features and benefits

  • High loan sanction

    High loan sanction

    Get funds up to Rs. 50 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. 50 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 70 years*
    (*Age should be 70 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 9.75% - 30% per annum
Processing fees Up to 3.54% of the loan amount (inclusive of applicable taxes)
Bounce charge In case of default of repayment instrument, Rs. 1,500/- per bounce will be levied.
Document processing charges Up to Rs. 2,360/- (inclusive of applicable taxes)
Flexi Fee

Term Loan - Not applicable

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

Flexi Variant (as applicable below) - A fee will be deducted upfront from the loan amount

  • Up to Rs. 5,999/- (inclusive of applicable taxes) for loan amount less than Rs. 10,00,000/-
  • Up to Rs. 7,999/- (inclusive of applicable taxes) for loan amount from Rs. 10,00,000/- to Rs. 14,99,999/-
  • Up to Rs. 12,999/- (inclusive of applicable taxes) for loan amount from Rs. 15,00,000/- to Rs. 24,99,999/-
  • Up to Rs. 15,999/- (inclusive of applicable taxes) for loan amount of Rs. 25,00,000/- and above

*Loan Amount includes approved loan amount, insurance premium, VAS charges, and documentation charges.
Penal interest Any delay in payment of monthly instalment shall attract penal interest at the rate of 3.50% per month on the monthly instalment, from the date of default until the receipt of monthly instalment.
Pre-payment 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 total withdrawable amount as per the repayment schedule as on the date of full prepayment.
  • Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.

Part Pre-payment

  • 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 Hybrid Flexi
Stamp duty Payable as per state laws and deducted upfront from the loan amount.
Mandate rejection charges Rs. 450/- per month from the first month of due date for mandate rejected by customer's bank until the new mandate is registered
Broken Period Interest/ Pre-EMI Interest

Broken period interest/ pre-EMI interest shall mean the amount of interest on Loan for the number of day(s) which is(are) charged in two scenarios:

Scenario 1 – More than 30 days from the date of loan disbursal till the first EMI is charged:
In this scenario, broken period interest is recovered by the following methods:

  • For Term Loan: Deducted from the loan disbursement
  • For Flexi Term Loan: Added to the first instalment
  • For Flexi Hybrid Loan: Added to the first instalment

Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged:
In this scenario, interest is charged only for the actual number of days since the loan was disbursed.
Annual maintenance charges

Term Loan – Not Applicable

Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges.

Flexi Hybrid Loan: Up to 1.18% (inclusive of applicable taxes) of the total withdrawable amount during initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable Amount during subsequent tenure.
Switch Fees* Up to 1.18% of the loan amount (inclusive of applicable taxes)
Mandate registration charges In case of UPI mandate registration, Re. 1 (inclusive of applicable taxes) will be collected from the customer


*Switch Fee is applicable only in case of switch of loan. In switch cases, Processing Fees and Documentation Charges will not be applicable.

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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