Bajaj Finserv Business Loan

4.5
Bajaj Finserv is among the leading NBFCs that offer business loans at an interest rate of 17% p.a. onwards. The maximum loan amount offered is up to Rs. 45 lakh with repayment tenure up to 60 months. Business loans from Bajaj Finserv can be availed for business expansion purposes, enhancing cash flow, buying equipment/machinery, to meet working capital requirements, etc.

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Bajaj Finserv Business Loan

Interest Rate

9% - 30%

Loan Amount

₹25K - ₹45L

EMI Per Lakh

₹2,076 - ₹3,235

Processing Fees

    Unsecured Business Loan
  • Processing Fee-Up to 3.54% of the loan amount (Inclusive of applicable taxes)
    • Bounce Charges-Rs. 1500/- per bounce.
  • Penal Interest-Delay in payment of instalment(s) shall attract penal charges of Rs. 40 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount
  • Document processing charges-Up to Rs. 2360/- (Inclusive of applicable taxes)
  • Stamp duty-Payable as per state laws and deducted upfront from loan amount
  • Legal and technical-N/A
      • Annual Maintenance Charges
  • Flexi Term Loan- 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 tenor. Up to 0.413% (Inclusive of applicable taxes) of Total Withdrawable Amount during Subsequent loan tenor.
      • Secured Business Loan
  • Processing Fee-Up to 3.54% of the loan amount (Inclusive of applicable taxes)
    • Bounce Charges-Rs. 1500/- per bounce.
  • Penal Interest-Delay in payment of instalment(s) shall attract penal charges of Rs. 36 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount
  • Document processing charges-Up to Rs. 2360/- (Inclusive of applicable taxes)
  • Stamp duty - Payable as per state laws
  • Legal and technical -Up to Rs. 6,000/- per property (Inclusive of applicable taxes) charged upfront.
      • Annual Maintenance Charges
  • Flexi Term Loan - Not Applicable
  • Flexi Hybrid Loan -Up to 0.295% (Inclusive of applicable taxes) of the Total Withdrawable Amount during Initial Loan tenor. Not Applicable during Subsequent loan tenor
    • ... more

    Pre-Payment Charges

      Pre-Repayment Charges(Unsecured Business Loan)
  • Term loan/advance EMI/ step-up monthly instalment-Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment
  • Flexi term 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
  • 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.
  • Pre-Repayment Charges - "1-Up to 4.72% (Inclusive of applicable taxes) of principal loan amount prepaid on the date of such part pre-payment 2-Not Applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi"
  • More than one month from the date of disbursal of the loan - 2% + taxes applicable on the amount prepaid
      • Pre-Repayment Charges
  • Term loan/advance EMI/ step-up monthly instalment-Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment
  • Flexi term 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
  • 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.
  • Pre-Repayment Charges(Secured Business Loan) -
  • Up to 4.72% (Inclusive of applicable taxes) of principal loan amount prepaid on the date of such part pre-payment
  • Not Applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi.
  • More than one month from the date of disbursal of the loan - 2.36% + taxes applicable on the amount prepaid
    • ... more

    Features and Benefits of Bajaj Finserv Business Loan

    Check out the features and benefits of both secured and unsecured Bajaj Finserv Business Loans.

    Bajaj Finserv Unsecured Business Loan

    Reduced EMI Bajaj Finserv allows you to reduce your EMI by up to 50%. With a unique Flexi facility, you can pay up to 45% lower EMI for the initial part of the tenure.
    Zero Collateral While taking a loan, one of the common fears is the risk of locking assets or property. Bajaj Finserv provides high-value business loans without pledging any assets.
    High-Value Loan With Bajaj Finserv, you can finance your business with a high-value loan of up to INR 45 Lakhs.
    Flexible Repayment Tenure Bajaj Finserv allows you to split your EMIs according to your repayment capacity over a flexible tenure going up to 7 years.
    Exclusive Pre-Approved Offers Pre-approved business loans are instant loans offered only to select customers. You must maintain a good credit score and repayment history to qualify for Bajaj Finserv pre-approved offers.

    Types of Bajaj Finserv Unsecured Business Loans

    Start-up Business Loan

    A Start-up Business Loan at Bajaj Finserv provides financial assistance to start a business or expand the current enterprise. It offers their borrowers collateral-free financing and nominal interest rates.

    • Easy documentation
    • Economical interest rates (starting from 17% per annum)
    • Swift approvals within 24 hours
    • Low EMIs
    • Zero collateral
    • Flexible repayments

    Working Capital Loan

    A working capital loan acts as a cash cushion and manages sale fluctuations in the market. This loan provides financial assistance for day-to-day operations. It is useful for SMEs and seasonal businesses who require financing to meet their operating costs.

    • Instant approvals
    • Unique pre-approved loans
    • You can access your loan related information through the customer portal

    MSME Loan

    The MSME loan is customised to provide financial help for business expansions and working capital requirements. With Bajaj Finserv, you can avail funds up to INR 45 Lakhs at attractive interest rates. The Flexi facility allows the borrower to reduce their EMIs by 45% and improve the financial management.

    Bajaj Finserv Secured Business Loan

    High-Value Finance With Bajaj Finserv, you can avail a high-value business loan of up to INR 75 Lakhs by leveraging the market value of your property. Both salaried and self-employed individuals can avail of a secured loan.
    Flexible Tenure Bajaj Finserv offers flexible repayment tenure going up to 12 years.
    Multiple Property Mortgage Bajaj Finserv Business Loan allows you to mortgage multiple properties. You can avail a high loan to finance all your business needs.
    Flexi Loan Facility Flexi Loan facility is a feature that allows you to borrow from your approved sanction freely and repay when you have extra funds. You can lower the EMI up to 45% with the unique Flexi loan facility.

    Bajaj Finserv Business Loan: Eligibility Criteria

    Unsecured Business Loan

    Bajaj Finserv offers unsecured business loans based on the borrower’s financial standing, business vintage and credit score. 

    Nationality Indian
    CIBIL Score Above 685
    Business Vintage At least 3 years
    Age 24 years – 70 years

    (the age on the date of maturity shouldn’t be above 70)
    Work Status Self-employed

    Secured Business Loan

    Interest rates for a secured business loan are more affordable compared to unsecured business loans. Bajaj Finserv offers secured business loans with flexible repayment tenure and swift approvals.

    Nationality Indian
    CIBIL Score Above 720
    Business Vintage Minimum 3 years
    Job Status Self employed/salaried
    Age 18 years – 80 years

    (the age on the date of maturity shouldn’t be above 80)
    Property ownership You must own a residential/commercial property in the cities where Bajaj Finserv operates

    Bajaj Finserv Business Loan: Fees and Charges

    Fees and Charges Unsecured Business Loan Secured Business Loan
    Processing Fee Up to 3.54% of the loan amount (Inclusive of applicable taxes) Up to 3.54% of the loan amount (Inclusive of applicable taxes)
    Bounce Charges Rs. 1500/- per bounce. Rs. 1500/- per bounce.
    Penal Interest Delay in payment of instalment(s) shall attract penal charges of Rs. 40 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount Delay in payment of instalment(s) shall attract penal charges of Rs. 36 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount
    Document processing charges Up to Rs. 2360/- (Inclusive of applicable taxes) Up to Rs. 2360/- (Inclusive of applicable taxes)
    Stamp duty Payable as per state laws and deducted upfront from loan amount Payable as per state laws
    Legal and technical N/A Up to Rs. 6,000/- per property (Inclusive of applicable taxes) charged upfront.

    Annual Maintenance Charges

    Type of Loan Unsecured Business Loan Secured Business Loan
    Flexi Term Loan  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. Not Applicable
    Flexi Hybrid Loan  Up to 1.18 % (Inclusive of applicable taxes) of the Total Withdrawable Amount during Initial loan tenor. Up to 0.413% (Inclusive of applicable taxes) of Total Withdrawable Amount during Subsequent loan tenor. Up to 0.295% (Inclusive of applicable taxes) of the Total Withdrawable Amount during Initial Loan tenor. Not Applicable during Subsequent loan tenor

    Pre-Repayment Charges

    Type of Loan Unsecured Business Loan Secured Business Loan
    Term loan/advance EMI/ step-up monthly instalment Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment
    Flexi term 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 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. 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.
    Pre-Repayment Charges 1-Up to 4.72% (Inclusive of applicable taxes) of principal loan amount prepaid on the date of such part pre-payment
    2-Not Applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi    		 1-Up to 4.72% (Inclusive of applicable taxes) of principal loan amount prepaid on the date of such part pre-payment
    2-Not Applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi

    Bajaj Finserv Business Loan Interest Rates

    Bajaj Finserv provides competitive interest rates for both secured and unsecured business loans.

    Type of Loan Interest Rates
    Unsecured Business Loan Annualised Rate of Interest is in the range of 9.75% to 30%
    Secured Business Loan Annualised Rate of Interest is in the range of 9% to 22%

    Factors Affecting Bajaj Finserv Business Loan Interest Rates

    Bajaj Finserv offers economical interest rates to help small and medium businesses grow. The interest rates vary for every individual based on the factors explained below.

    Nature of Business

    The nature of business is a primary factor that affects the interest rate of a business loan. It determines the kind of business activity undertaken. While deciding the interest rate on your business loan, the Bajaj Finserv evaluates the nature of your business to determine its profitability.

    CIBIL Score

    The CIBIL score determines the creditworthiness of an individual. A minimum credit score of 685 will help you avail a lower interest rate on your business loan.

    Operational History

    A well-established business with a long operational history is likely to attract nominal interest rates. Business loans from Bajaj Finserv require you to have your business operational for at least three years.

    Annual Turnover

    The financial stability of the business determines your repayment capacity. A high annual turnover will help you secure the most affordable business loan interest rates.

    Bajaj Finserv Business Loan: Documents Required

    Unsecured Business Loan

    Identity Proof
    • Aadhaar card
    • Pan card
    • Passport
    • Voter ID
    • Driving Licence
    Address Proof
    • Passport
    • Electricity bill
    • Telephone bill
    • Lease agreement
    • Trade licence
    • Certificate of trade licence

    ( Any of these)
    Financial Documents
    • Bank account statement of previous 6 months
    • Balance sheet and P&L statement of last 2 years audited by a CA
    Business ownership proof Self Employed Professionals

    • In case of sole proprietorship: registration documents
    • Pan Card
    • Municipal tax payment receipt
    • IT returns

    Self Employed Non-Professionals

    • Sole proprietor’s registration documents
    • Identity proof of the owner
    • IT returns
    • Past 6 months’ bank statements of the owner
    • Statement of book debt/creditor/periodic stock
    • GST returns

    Partnership and Private Limited

    • Partnership agreement
    • Certificate of Commencement
    • Article of Association
    • Memorandum of Association
    • GST returns
    • Registration certificate under Shops and Establishment Act

    Secured Business Loan

    Identity Proof
    • Aadhaar card
    • Pan card
    • Passport
    • Voter ID
    • Driving Licence
    Address Proof
    • Passport
    • Electricity bill
    • Telephone bill
    • Lease agreement
    • Trade Licence
    Financial Documents
    • Primary business bank account statement of past 6 months
    • Salary slip of past 2 months (only if applicable)
    Business Documents
    • Partnership deed
    • Article of Association
    • Memorandum of Association
    • Primary banking account with a minimum vintage of 1 year
    Property Documents
    • Sale deed
    • House tax receipt
    • Electricity bill

    Bajaj Finserv Business Loan EMI Calculator

    Bajaj Finserv provides you with an EMI calculator that helps calculate the estimated monthly instalments on your business loan. Enter the loan amount, interest rate and loan tenure in the allocated spaces on their website to get the estimated figures. 

    Note: The results generated by the online calculator are indicative. Bajaj Finserv won’t take up any responsibility for the inaccuracy of the calculator.

    FAQs

    From refinancing to reducing your interest, we have the answers right here.

    Is part payment allowed in Bajaj Finserv?

    Yes, Bajaj Finserv allows the borrower to make part-prepayments. However, you might  have to pay the associated fees and charges to make partial prepayments.

    What is loan foreclosure?

    When an applicant decides to make a complete payment towards the borrowed amount before maturity, it is termed as loan foreclosure.

    What is the interest rate of business loans in Bajaj Finserv?

    Bajaj Finserv offers competitive business loan interest rates based upon certain factors such as business stability, CIBIL score and financial stability. Interest rates start from 13%.

    What is the minimum age requirement to apply for a Bajaj Finserv business loan?

    The applicant must be at least 21 years old at the time of loan application.

    Does Bajaj Finserv check for CIBIL score for business loans?

    Yes, Bajaj FInserv takes CIBIL score into consideration to determine the creditworthiness of the applicant. Additionally, it allows the lender to determine the interest rate at which business loan can be sanctioned.

    What is the maximum and minimum business loan amount I can get from Bajaj Finserv?

    Bajaj Finserv offers business loans ranging upto INR 45 Lakhs.

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