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Bajaj Finserv Business Loan Apply Online @18.0%

4.7 stars based on 107 reviews

Business Loan Details

Company Details

Turnover

Net Profit After Tax

Depreciation

Director/Partner Salary

(Not Applicable for Proprietorship Firm)

Personal Details

Bank/NBFCInterest RateEMIProcessing Fees Part PaymentApply Now

13% - 18%

(Fixed)

4584

upto 2.5%

Apply
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Bajaj Finance Business Loan Details

Bajaj Finserv Business Loan     

Getting cash for your business without any security or collateral is now possible with the help of a business loan. Bajaj Finserv is one among those banks that is a best choice for customers who are keen on getting business loan for low rate of interest. This business loan amount can be used for investing into a new business or for the expansion of an existing one. This bank is committed to provide support for those businesses that need financial assistance to grown further.

Bajaj Finserv Business Loan Details

Institution Type: NBFC

Minimum Loan Amount: ₹100,000

Maximum Loan Amount: ₹3,000,000

Minimum Tenure: 12 months

Maximum Tenure: 60 months

APR: 18% - 40%

Fees & Charges: Up to 3% + GST as applicable

Features & Benefits of Bajaj Finserv Business Loan

Here is the list of some of the best features of Bajaj Finserv for business loan:

  • Simplified documentation procedure.
  • Fast service is offered by loan experts.
  • Quick processing and less paper-work.
  • 99% approval is guarantee.
  • Subject to eligibility top-up loan can be availed.
  • Attractive interest rates.
  • Hassle-free Loans - No Guarantor / Security or Collateral required.
  • Repay with easy EMIs.
  • Credit Shield.
  • Disbursal in 5 Days.
  • Borrow up to ₹30,00,000 for any business purpose.
  • Flexible repayment options, ranging from 12 to 60 months.
  • Convenience of service at your doorstep.
  • Customized Offer for Women Professionals called as women entrepreneur business loan.

Benefits this bank offers to its business loan customers:

  • Pre-payment option for the loan is available and this can be done any time after your 1st EMI. Upto 25% can be pre-paid in a year without any charges
  • Foreclosure of the entire Business loan is possible any time after the 1st EMI. This has 4% charges applied on the outstanding principal
  • This bank offers special discounts and schemes for employees of reputed, recognized and large companies

Terms & Conditions of Bajaj Finserv Business Loan

Here are some of the terms and conditions of Bajaj Finserv for availing a business loan:

  1. If the borrower takes loan in the form of Advance EMI option, then the below should be followed:
    • It’s agreed by the Borrowers that the EMI paid in advance as per clause 2.15 (a) (i) above shall be deducted from the loan and the remaining amount of the loan after such deductions will be disbursed to the borrower.
    • The Borrower shall pay in advance the amount of the last EMI in relation to the loan as mentioned in Schedule II.
  2. If the applicant avails the loan in the form of Step up Structured EMIs, then:
    • It is clarified and agreed by the borrower that the amount of EMI paid by the borrower will increase gradually during the loan period.
    • The borrower shall have the benefit of paying staggered or different amounts of EMI in relation to the loan amount which become payable during loan tenure as mentioned in Scheduled II.
  3. If the borrower avails loan in the form of Step Down Structured EMIs, then:
    • The borrower shall have the benefit of paying staggered or different amounts of EMI in relation to the loan amount which become payable during loan tenure as mentioned in Scheduled II.
    • It is clarified and agreed by the borrowers that the amount of EMI paid by the applicant will decrease gradually during the loan.

Why should you choose Bajaj Finserv Business Loan?

Bajaj Finserv is one of the most leading banks that provides business loan to its customers. This bank is preferred by customers as compared to others due to exceptional features such as:

  • The applicant can avail loan up to ₹3,000,000 without any guarantor or collateral.
  • It offers prompt repayment benefits to the borrowers.
  • Part- payment and fore-closure options are available.
  • There are no additional charges involved in foreclosure of a business loan.
  • There are pre-approved offers.
  • Customers can access and monitor their account through online.

How to apply online for Bajaj Finserv Business Loan?

Getting a business loan is fast and easier than finding the right bank. It is very crucial that you approach the right bank which will offer you loan. While applying it is essential for the applicant to know if he is meeting all the eligibility criteria and this information is essential to get the loan approved without any CIBIL impact. Finance Buddha platform helps all borrowers to check their eligibility through online and you can also compare what different banks can offer.

 Once you choose the best bank that offers maximum benefits at low rate of interest, apply for the same through Finance Buddha. This application will be sent to the bank who will process it internally and it the application looks eligible they will contact you directly. As you would have checked the eligibility through Finance Buddha before applying, there is very less chance of you not getting a business loan!

Eligibility Criteria for Bajaj Finserv Business Loan

The below eligibility criteria should be met before applying for a business loan from Bajaj Finserv:

  • Age limit is between 25 and 65 years only.
  • You should have profit making business for at least last 2 years.
  • Minimum loan amount must be ₹100,000 and the maximum limit is only ₹3,000,000.
  • Tenure limit of 1 Year minimum up to 5 Years maximum.
  • Must be salaried Indian residents working at MNCs, public companies, and other large establishments.
  • Income must be greater than ₹25,000 per month.

Bajaj Finserv Business Loan Interest Rates, Fees & Charges

The below table will give an overview of the rates and charges by Bajaj Finserv. This will help you to check if your business needs can be met through a business loan from this NBFC.

Fee

Charges

Rate of Interest

18% - 40%

Processing Fees

Up to 3% + GST as applicable

EMI Bounce Charges

₹ 1000 will be charged in the subsequent month for every bounce

Penal Interest

2.00% p.m. overdue charges will be levied basis 360 days per year

Bajaj Finserv Business Loan Foreclosure Charges

Borrower Type: Interest Type

Time Period (Months)

Foreclosure charges

NA

>1

4% plus applicable taxes on principal outstanding *

*Foreclosure: charges will be applicable on the current principal outstanding.
*Foreclosure charges for line of credit and Flexi loans will be calculated on the Current principal outstanding.

Bajaj Finserv Business Loan Part-prepayment Charges

Borrower Type: Interest Type

Time Period (Months)

Part payment charges

NA

>1

2% plus applicable taxes on part payment amount paid

*Part payment made should be more than 1 EMI
*Nil part payment charges for flexi

Documents Required for Bajaj Finserv Business Loan

  1. Complete loan application form with one passport size photograph
  2. Valid Proof of Applicant's Identity: Passport, Photo PAN card, Voter’s identity card ,  Driving license and MAPIN card
  3. Proof of Residence: Ration card Tel/ Lease agreement/ Electricity Bill/ Passport/Trade license /Sales Tax certificate
  4. Proof of Age: Passport, Photo PAN card, Voter’s identity card
  5. Financial Documents: Copies of IT returns for the last two years along with the latest Bank statements for 6 months and P & L and balance sheet for last two years audited by a C.A.
  1. Self Employed (Private Ltd. Co. and Partnership Firms): Copies of IT returns for the last two years and P & L and balance sheet for last two years audited by a chartered accountant
  2. Self Employed Individuals: Copies of IT returns for the last two years and Bank statements for last 6 months and – Professionals: P & L and balance sheet for last two years audited by a chartered accountant
  3. Self Employed Individuals - Non Professionals: P & L and balance sheet for last two years audited by a chartered accountant and Copies of IT returns for the last two years and Bank statements

To simplify:

Documents

Professional

Businessmen

Application form

Yes

Yes

1 Photograph of Co-Applicant

Yes

Yes

Income Details

IT Returns, Balance Sheet & P/L Account statement for the last 2 years with Annexure

IT Returns, Balance Sheet & P/L Account statement for the last 2 years with Annexure

Bank Account Statements

For last 3 months

For last 3 months

KYC documents of Co-applicant

Yes

Yes

Business Proof

Certificate of Practice

MOA, AOA/ Partnership Deed/ Shop Act License

Frequently Asked Questions

How can I know if am eligible for a business loan?

Make use of the Finance Buddha eligibility form to check your eligibility before applying for a loan.

What are the ways of repaying the loan?

It can be repaid through post-dated cheques or through ECS.

What is the maximum tenure for a business loan with Bajaj Finserv?

You can avail loan up to 48 month it you meet the necessary criteria.

ReviewsView All

Narayan Rao

5 / 5

Fast processing ever!! I opted Bajaj Finance from Finance Buddha portal for my Business loan. And I got a quick response from them. Ever there were time to time follow up by the Finance Buddha team of executives. There was a good support from the bank staff as well.
Varun Kashyap

5 / 5

I went with Bajaj finance for my Business Loan. They provided me the loan at an interest rate of 16% p.a. and the processing fee was 2%. The processing was on time and I got the business loan approved just in 18 working days. I am really very happy with their service.
Amit Sahu

5 / 5

Good interest rates and a very good follow up by the bank executives. Will recommend it to others also.
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