Bajaj Finserv Business Loan

 Overview

A business loan is a source of money that can be used to pay for both planned and unexpected business costs. It is a type of loan without collateral, and you can get one without putting anything up as security.

If you meet the easy-to-meet eligibility requirements, you can get a Bajaj Finserv Business Loan of up to Rs. 55 lakh. For approval, you will then need to show a list of documents, like proof of identity and financial documents related to your business. The loan amount can be in your bank account within 48 hours* after your application is approved.

*Terms and Conditions apply

3 unique Business Loan variants

Flexi Term Loan

Let us say you took out a loan for Rs. 20 lakh and have 24 months to pay it back. For the first six months, you have paid the EMIs on time. So, you should have paid back about Rs. 5 lakh by now.

You realise that you need Rs. 5 lakh more. Sign in to our customer portal, My Account, to get more money from your Flexi Term Loan account.

Now, let us say that after three months you decide to pay off some of your loan, say Rs. 10 lakh. Signing in to My Account makes it easy to pay back.

Your interest will be changed automatically, and you will only have to pay interest on the amount you still owe. Both the principal and the adjusted interest are included in your EMI.

A modern business needs to be flexible and may need to make payments to vendors quickly. A Flexi Term Loan is great for this kind of need.

Flexi Hybrid Loan

This is another variant of the Bajaj Finserv Business Loan . It works the same way as the Flexi Term Loan. The only difference is that your EMI will only include interest for the first few months of your loan. For the next period, the EMI will be made up of both the interest and the principal.

Click here for a detailed description of how the Flexi Hybrid Loan works.

Term Loan

This is a typical business loan. You take out a loan for a certain sum, which is then split into equal monthly payments that include both the principal and the interest.

There is a fee applicable for part-payment as well as foreclosure of your Term Loan before completion of your loan tenure.

Key Things to Consider When Applying for a Loan

Eligibility Criteria:

We offer business loans to anyone who meets five easy criteria. You will need documentation to complete your application if you are eligible.

These criteria are:

• Nationality: Indian 

• Business vintage: At least 3 years 

• CIBIL Score: 685 or higher 

• Work status: Self-employed 

• Age: 24 years to 70 years* 

*You should be 70 years or younger, at the end of the loan tenure. 

Documents required:

●        KYC documents – Aadhaar/ PAN card/ passport/ voter’s ID

●        Proof of business ownership

●        Other financial documents

Fees and charges

Repayment tenure:

Business loans come with long repayment tenures ranging from 12 months to 96 months. Use our business loan EMI calculator to estimate EMIs on your loan and choose the best loan term accordingly.

Calculate your EMIs now

How to apply for a Business Loan

Click on the 'APPLY' button on this page.

Enter your 10-digit mobile number and the OTP sent to your phone.

Fill in your basic details, like your full name, PAN, date of birth, and PIN code.

Click on ‘APPLY NOW’ to proceed with KYC verification.

Update your KYC and click on ‘CONFIRM’.

Click ‘PROCEED TO BANKING’ and register your bank account(s).

Schedule an appointment for document verification.

Our representative will guide you on the next steps. The loan amount will be transferred to your bank account on the successful verification of your documents.