Bajaj Finance Business Loan

Here is all you need to know about Bajaj Finance Business Loan

Check your Business Loan Offer

✓Minimal Documentation ✓Flexible Repayment ✓Collateral Free Loan | Apply for Business Loan Now! Check Eligibility

Upscale your company with the help of a Bajaj Finance Business Loan of up to ₹30 Lakhs, now available on bajajfinservmarkets.in. You can enjoy affordable interest rates starting from 14% p.a. and repay the loan over tenures of up to 8 years. Furthermore, you can choose between term loans and flexi hybrid loans, as per your needs and financial situation.

Interest Rates and Charges

Interest Rate	14% to 26% p.a.
Part-prepayment Charges	Upto 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
BPI (Broken Period Interest)	Method of recovery of "Broken Period Interest/Pre monthly instalment Interest" would be as follows: Scenario 1: If the loan is disbursed on 1st or post 5th of the month: BPI amount will be capitalised, i.e added to the principal amount on the due date / Added to first instalment Scenario 2: If the loan is disbursed between 3rd and 5th of the month: First instalment will consist of interest for actual number of days
Processing Fees	Up to 3.54% (Inclusive of applicable taxes) of the loan amount
Foreclosure Charges	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.
Annual Maintenance Charges	Term Loan: Not Applicable Flexi Term Loan (Flexi Dropline): Up to 0.413 % (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 loan tenure. Up to 0.413% (inclusive of applicable taxes) of total withdrawable amount during subsequent loan tenure.
Bounce Charges	Up to ₹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
Penal Charges	Delay in payment of instalment(s) shall attract Penal Charge of ₹24 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount
Stamp Duty	As per state laws
Flexi Facility Charge	Term Loan - Not applicable Flexi Term Loan (Flexi Dropline)- Up to ₹999/- Flexi Hybrid Loan (as applicable below) For loan amount Upto ₹10,00,000 - Upto ₹6,499 For loan amount >=₹10,00,000 & <₹15,00,000 - ₹8,999 For loan amount >=₹15,00,000 & <₹25,00,000 -₹13,999 For loan amount >=₹25,00,000 - ₹16,999

*Disclaimer: The details mentioned above are subject to changes as per the terms and policies of the lender.

Features and Benefits

Instant Loans

Get loan amounts as high as ₹30 Lakhs instantly with this loan

Flexible Tenure

Repay the loan over flexible repayment tenures ranging from 1 to 8 years

Competitive Interest Rates

Benefit from affordable interest rates starting from just 14% p.a.

Flexi Hybrid Loan Facility

The Flexi Hybrid Loan feature allows you to only withdraw the amount that you need for your business. Here, the interest is calculated only on the amount withdrawn instead of the entire credit limit sa Read Morenctioned. Read Less

Zero Collateral

No need to submit any of your assets as collateral when applying for this loan

Eligibility Criteria and Documents Required

Fulfil the requirements listed below to be eligible for a business loan from Bajaj Finance:

You must fall under the age bracket of 21 to 70 years
The business must have 3 years of vintage
Good CIBIL score is recommended
You must be a self-employed individual
You must be a citizen of India

The documents that you will need to submit while applying for this business loan are as follows:

1. KYC Documents

Passport
Driving License
Voter ID
Job Card issued by NREGA duly signed by an officer of the State Government
Letter issued by the National Population Register containing details of name
Address of the customer having photograph of the card holder
Proof of possession of Aadhaar Number: Aadhaar letter, Aadhaar letter downloaded from UIDAI website, or offline verification of Aadhaar (a XML document generated by the UIDAI)

2. Financial Documents

Copies of ITR filings of the last 2 years
Latest bank statements of the past 6 months
Profit and Loss statement and the balance sheet for last two years (audited by a CA)

3. Proof of business ownership

For sole proprietors

Sole proprietorship deed or registration document
PAN card
GST returns
Income Tax Return (ITR) filngs

For partnership firms or private limited companies

Partnership agreement (for partnership firms)
Incorporation certificate, memorandum and articles of association (for private limited companies)
ITR filings
GST returns
Individuals proofs of partners or directors of the company

*Bajaj Finserv Direct Limited takes no guarantee that your application will be approved, as loan approval is solely at the discretion of the lender.

How to Apply?

Follow these simple steps to apply for a Bajaj Finance Business Loan on Bajaj Markets:

Click on the ‘Apply Now’ option on this page
Enter your personal and business details
Select ‘Bajaj Finance’ from the list of lenders
Choose the preferred tenure and the required loan amount
Click on ‘Submit’
After this, a representative will reach out to you to further process your loan application.

Disclaimer

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.

Where can I use the amount borrowed with a Bajaj Finance Business Loan?

You can use the borrowed amount to purchase raw-materials and inventory, upgrade infrastructure, expand operations, hire new staff, and much more.

Is a foreclosure or prepayment facility available with these business loans?

Yes, you can foreclose your business loan. However, there are certain fees and processing charges associated with the same.

What is the tenure offered on this business loan?

The tenure of these business loans range from 1 to 8 years.

What is the maximum amount I can borrow with a business loan from Bajaj Finance?

You can borrow up to ₹30 Lakhs with the help of a Bajaj Finance Business Loan. However, the loan amount offered to you will depend on your eligibility.

Do I need to submit any collateral for these business loans?

No. You don’t have to pledge any asset as collateral for securing this business loan.

What is cooling-off or look-up period?

If you decide to cancel or exit the loan, you have a 3-day window from the loan booking date to initiate the cancellation. During this cooling-off period, you can review the loan's rates, terms, and conditions.

If you wish to cancel the loan, you are obligated to repay the principal amount and the Annual Percentage Rate (APR) charged without incurring any penalties. Once this period ends, standard prepayment charges will apply in accordance with RBI guidelines.

To cancel the loan within the cooling-off/look-up period, visit the customer portal at https://www.bajajfinservmarkets.in/custaccount/#/contact, contact the customer service at 8698010101, or send a cancellation request to BFL at wecare@bajajfinserv.in. Further information can be found at https://www.bajajfinserv.in/.