Bajaj Finserv Business Loan

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	Upto 2% of the loan amount + applicable taxes	Upto 2% of the loan amount + applicable taxes
Bounce Charges	Upto INR 3,000 (including taxes)	N/A
Penal Interest	2% on the EMI outstanding	2% on the EMI outstanding
Document processing charges	INR 2,000 + applicable taxes	INR 2,360 (inclusive of taxes)
Stamp duty	On actuals	On actuals
Legal and technical	N/A	INR 6,000

Annual Maintenance Charges

Type of Loan	Unsecured Business Loan	Secured Business Loan
Flexi Term Loan	0.25% + applicable taxes on the withdrawable amount	0.295% + applicable taxes on the withdrawable amount
Flexi Hybrid Loan	1% on the total withdrawable amount during the initial tenure 0.25% on the total withdrawable tenure during the subsequent tenure	0.59% on the total withdrawable amount during the initial tenure 0.295% on the total withdrawable tenure during the subsequent tenure

Foreclosure Charges

Type of Loan	Unsecured Business Loan	Secured Business Loan
Term loan/advance EMI/ step-up monthly instalment	4% + applicable taxes on the outstanding loan payable	4.72% + applicable taxes on the outstanding loan payable
Flexi term loan	4% + applicable taxes of total withdrawable amount as per the repayment schedule	4.72% + applicable taxes of total withdrawable amount as per the repayment schedule
Flexi hybrid loan	4% + applicable taxes of total withdrawable amount as per the repayment schedule	4.72% + applicable taxes of total withdrawable amount as per the repayment schedule

Pre-Repayment Charges

Time Period	Unsecured Business Loan	Secured Business Loan
More than one month from the date of disbursal of the loan	2% + taxes applicable on the amount prepaid	2.36% + taxes applicable on the amount prepaid

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	17% onwards
Secured Business Loan	13%-16%

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.