• OVERVIEW

Business Loan at Bajaj MARKETS

Business Loan is an unsecured loan, which provides you with financial assistance for your business requirements. Since it’s an unsecured loan, you need not pledge any collateral/security. Be it starting a new business or expanding the current operation of your existing businesses to a new location, Business Loan available on Bajaj MARKETS will always help you fulfill your requirements. 

Our Lending Partners

  • Bajaj Finance Limited
  • Lendingkart Finance Ltd.
  • Neo Growth.
  • PaySense Partners - PayU Finance (India) Pvt. Ltd
  • Prefr - Powered by Hero Fincorp
  • KreditBee
  • FlexiLoans
  • IIFL Digital
  • AYE Finance
  • Indifi Term Loan
  • Olyv - Formerly SmartCoin
  • Ambit Finvest
  • InCred
  • Protium
  • Privo
  • Ambit BOL HTS
  • Kissht
  • Credit Saison BOL HTS
  • MoneyView

Requirement for Online Business Loan Application

There are certain requirements with respect to the online Business Loan application that you must fulfill in order to avail the loan. Here are the following :

Eligibility Criteria :

Following are the criteria that you must fulfill, to apply for a Business Loan :

  • You must be an Indian citizen and a self-employed individual.
  • You must be between 25-65 years of age.
  • You must have a business vintage of at least 3 years.

Documents Required :

  • Aadhaar Card/Passport/Driving License
  • PAN Card
  • Bank Statement - Last 3 months
  • Business Proof : Certificate of business existence, Income tax filings for the previous financial year, profit and loss statements for the past 3 years, etc.

Business Loan Verification process

The main steps involved in the Business Loan verification process are as follows :


Step 1 :

Once you submit your application, the same will be processed for further actions.


Step 2 :

Once your online application is completely processed, all you need to do is schedule a meeting, wherein our executive will verify the application details and collect your necessary documents, required for further processes.


Step 3 :

Once the documents have been verified, your loan will be disbursed in just 24 hours.

Comparison


  • Partner Name
    Key Feature
    Key Feature Description
  • Bajaj Finance Limited

    Interest Rate

    Starting from 17%

  • Bajaj Finance Limited

    Associated Charges

    Processing Fees : upto 2.75% of the loan amount


    Foreclosure Charges : 4% of the outstanding loan amount + Applicable taxes

  • Bajaj Finance Limited

    Repayment tenure

    12-60 months

  • Bajaj Finance Limited

    Eligibility Criteria

    1. The applicant must have a business vintage of at least 3 years.
    2. The applicant must be the citizen of India The applicant’s age must be between 25 and 65 years.
    3. He must be a self-employed individual.
    4. The applicant must have a business vintage of at least 3 years.
  • Bajaj Finance Limited

    Documents Required

    1. Copies of IT returns of last 2 years
    2. Identity Proof : PAN/Voter ID
    3. Address Proof : Aadhaar Card/Driving License/Passport
    4. Bank Statement of last 6 months
  • Bajaj Finance Limited

    Disbursal Time

    24 hours

  • Fullerton India

    Interest Rate

    17% p.a onwards

  • Fullerton India

    Associated Charges

    Processing Fees : Up to 6.5% of the loan amount


    Foreclosure Charges : 0-7% of the outstanding loan amount

  • Fullerton India

    Repayment tenure

    12-60 months

  • Fullerton India

    Eligibility Criteria

    1. The applicant must be in the current business for at least 3 years and have a total experience of 5 years.
    2. The applicant’s age must be between 22 and 65 years.
    3. He must be a self-employed individual.
  • Fullerton India

    Documents Required

    1. Proof of continuation (ITR/Trade license/Establishment/Sales Tax Certificate)
    2. Identity Proof : PAN/Voter ID
    3. Address Proof : Aadhaar Card/Driving License/Passport
    4. Bank Statement of last 6 months
    5. Copies of IT returns of last 2 years
  • Fullerton India

    Disbursal Time

    24 hours

  • KreditBee
    Interest Rate
    15% to 28%
  • KreditBee
    Associated Charges
    NA
  • KreditBee
    Repayment Tenure
    Up to 9 months
  • KreditBee
    Eligibility Criteria
    1. The applicant must be a citizen of India.
    2. The applicant must be above 21 years.
    3. The minimum salary of the applicant must be Rs. 10,000 per month.
    4. Aadhaar Card of the applicant must be linked to his/her mobile number.
  • KreditBee
    Basic Documents Required
    1. ID proof: PAN Card
    2. Income proof: Bank statement/Salary slip
    3. Address proof: Aadhaar card, Driving license, Voter ID, Passport, Bank passbook
    4. Proof of Employment
  • KreditBee
    Disbursal Time
    15 mins
  • FlexiLoans
    Interest Rate
    Starting at 12% p.a.
  • FlexiLoans
    Associated Charges
    Processing fee: 1.5% - 2.5% of the loan amount
  • FlexiLoans
    Repayment Tenure
    12 - 36 months
  • FlexiLoans
    Eligibility Criteria
    1. The applicant’s age must be between 21 and 65 years.
    2. The annual turnover of the business must be at least Rs. 12 Lakhs.
    3. Business vintage of at least 1 year is mandatory.
  • FlexiLoans
    Basic Documents Required
    1. PAN card
    2. Address proof: Rental agreement/Driver's license/Voter's ID/Ration card/Aadhaar Card/Passport
    3. Current account bank statement of last 6 months
    4. GST registration certificate/Shops and establishment certificate
    5. Audited financials of last 2 years, ITR of last 2 years, GST Returns of past 6 months (if the loan amount is greater than Rs. 20 lakhs)
  • FlexiLoans
    Disbursal Time
    48 hours
  • IIFL Digital
    Interest Rate
    16.50% - 27.50% p.a.
  • IIFL Digital
    Associated Charges
    Processing fee: 2.50% - 4% of the loan amount +GST
  • IIFL Digital
    Repayment Tenure
    Up to 60 months
  • IIFL Digital
    Eligibility Criteria
    1. The applicant must be a resident of India.
    2. The applicant must be between 23-60 years.
    3. The applicant must have a minimal CIBIL Score of 700 or be a new-to-credit customer.
  • IIFL Digital
    Basic Documents Required
    For Up to 10 Lakhs
    1. Selfie
    2. PAN Card
    3. Address proof – Aadhaar/Passport/Voter ID
    4. Business vintage proof and continuity proof- GST certificate/FSSAI certificate/Trade license/Shop and establishment certificate, import export certificate/Udyog and Udyam Aadhaar/Hospital registration certificate/Drug license
    5. Latest 6 months bank statements

    Above 10 lakhs
    1. Address proof - Utility bill/registered rent agreement along with other documents mentioned above
  • IIFL Digital
    Disbursal Time
    Up to 48 hours* (case to case basis)
  • AYE Finance

    Interest Rate

    28%-29.5% p.a.

  • AYE Finance

    Associated Charges

    Processing Fee: 2.5% of Loan Amount + Applicable Govt. Taxes


    Foreclosure Charges: 7% of Loan Amount + Applicable Govt. Taxes

  • AYE Finance

    Repayment tenure

    Up to 36 months

  • AYE Finance

    Eligibility Criteria

    1. The applicant must be a citizen of India.
    2. The applicant must be in the age group of 21-59 years.
    3. The applicant must have a business stability of 3 years.
    4. Permanence of residence and business location of 3 years is mandatory.
    5. The applicant’s residential and business address must be in the same city.
  • AYE Finance

    Basic Documents Required

    1. Aadhaar Card
    2. Voter ID or PAN card
    3. Utility Bills (E-bill or water bill)
    4. Banking Statement of last 6 months
  • AYE Finance

    Disbursal Time

    Within 7 days

  • Indifi Term Loan
    Interest Rate
    18% to 35% per annum (Reducing rate basis)
  • Indifi Term Loan
    Associated Charges

    Processing fee: 3% of the loan amount + GST

    Foreclosure charges: 4% of principal outstanding

    Prepayment Charges- No charges if done before 27th of the month*

  • Indifi Term Loan
    Repayment Tenure
    12 – 36 months
  • Indifi Term Loan
    Eligibility Criteria
    1. The applicant must be between 22-60 years.
    2. The annual turnover of the business must be at least Rs. 12 Lakhs.
    3. Business vintage of at least 1 year is mandatory.
  • Indifi Term Loan

    Basic Documents Required

    1. PAN Card
    2. Aadhaar Card
    3. Address proof of promoter(s) and firm
    4. Business registration proof
    5. Bank Statement of last 6 months
    6. Latest ITR – (If loan amount is greater than 15 Lakhs or if banking turnover is greater or equal to Rs. 1.5 Crores)
  • Indifi Term Loan

    Disbursal Time

    Up to 48 hours (Loan offer sanction)

  • Olyv - Formerly SmartCoin
    Interest Rate
    2% - 2.5% per month
  • Olyv - Formerly SmartCoin
    Associated Charges
    Subject to profile
  • Olyv - Formerly SmartCoin
    Repayment Tenure
    2 - 9 months
  • Olyv - Formerly SmartCoin
    Eligibility Criteria
    1. The applicant should be a self-employed individual
    2. The applicant must be between 24 and 45 years
    3. The applicant must have a monthly income above Rs. 25000
  • Olyv - Formerly SmartCoin
    Basic Documents Required
    Identity proof (PAN/Aadhaar Card/Voter ID/Passport)
  • Olyv - Formerly SmartCoin
    Disbursal Time
    5 mins – 10 mins
  • Ambit Finvest
    Interest Rate
    20%-36% p.a.
  • Ambit Finvest
    Associated Charges
    Processing Fee: 2% of Loan Amount
  • Ambit Finvest
    Repayment Tenure
    12 - 36 months
  • Ambit Finvest
    Eligibility Criteria
    1. The applicant must be in the age group of 25-60 years.
    2. The applicant must have a CIBIL score above 675.
    3. Business vintage of more than 3 years is required.
  • Ambit Finvest
    Basic Documents Required
    1. GST Number
    2. KYC Documents (PAN Card/Aadhaar Card/Passport/Voter's ID)
    3. Bank Statement
  • Ambit Finvest
    Disbursal Time
    Within 24 hours
  • InCred
    Interest Rate
    1.5% to 3% per month
  • InCred
    Associated Charges
    Processing fee: 2%-4% of the withdrawal amount
  • InCred
    Repayment Tenure
    3 to 12 months
  • InCred
    Eligibility Criteria
    1. The applicant must be a citizen of India.
    2. The age of the applicant must be between 21 and 55 years.
    3. The applicant must be a salaried individual whose monthly income ranges from Rs. 15,000 to Rs. 50,000.
  • InCred
    Basic Documents Required
    1. PAN Card
    2. Identity Proof: Aadhaar card/Voter ID/Driver’s license/Passport
    3. Bank statements of past 3 months
  • InCred
    Disbursal Time
    4 Hours
  • Protium
    Interest Rate
    1.25% p.m. onwards
  • Protium
    Associated Charges

    Processing Fee: 1% onwards


    Preclosure Fee: 4% onwards

  • Protium
    Eligibility Criteria
    1. The business should fall under the category of partnership, private limited company, or sole proprietorship
    2. The applicant must have a bank account (current and savings), net banking access or ePDF
    3. The applicant must have an Aadhaar-linked mobile number
  • Protium
    Documents Needed
    1. PAN Card
    2. Aadhaar Card
    3. Address proof of self and business
    4. Business Proof
  • Protium
    Loan Amount
    Up to ₹50 Lakhs
  • Protium
    Repayment Tenure
    Up to 6 years
  • Protium
    Disbursal Time
    Within 3 days
  • Privo
    Interest Rate
    9.99% p.a. onwards
  • Privo
    Associated Charges

    Processing Fee: 1%-3% of the loan amount +GST


    Foreclosure Charges: Zero


    Prepayment Charges: Zero

  • Privo
    Repayment Tenure
    3 months to 60 months
  • Privo
    Eligibility Criteria
    1. The age of the applicant must be between 21 and 57 years.
    2. The applicant must have a minimum monthly income of Rs. 20,000.
    3. The applicant must have a minimum CIBIL Score of 700.
    4. The applicant must be an Android user.
  • Privo
    Basic Documents Required
    Aadhaar Card, PAN Card and Bank statement
  • Privo
    Disbursal Time
    Less than 5 mins
  • Ambit BOL HTS
    Interest Rate
    20%-36% p.a.
  • Ambit BOL HTS
    Associated Charges
    Processing Fee:Up to 3% of Loan Amount
  • Ambit BOL HTS
    Repayment Tenure
    12 - 36 months
  • Ambit BOL HTS
    Eligibility Criteria
    1. The applicant must be in the age group of 23-65 years.
    2. The applicant must have a CIBIL score above 675.
    3. Business vintage of more than 3 years is required.
  • Ambit BOL HTS
    Basic Documents Required
    1. GST Number
    2. KYC Documents (PAN Card/Aadhaar Card/Passport/Voter's ID)
    3. Bank Statement
  • Ambit BOL HTS
    Disbursal Time

    Small-ticket loans - Within 24 hours


    High-ticket loans – Within 48 -72 hours

  • Kissht
    Maximum Loan Amount
    ₹2 Lakhs
  • Kissht
    Interest Rate
    18% p.a. onwards
  • Kissht
    Associated Charges

    Processing Fee: 0.99% onwards


    Foreclosure Charges: Nil

  • Kissht
    Repayment tenure
    Up to 2 years
  • Kissht
    Eligibility Criteria
    1. Applicant should be either a salaried or a self-employed individual
    2. Applicant should fall under the age bracket of 21 to 50 years
    3. Applicant should have a monthly income of at least ₹15,000
  • Kissht
    Documents Required
    1. PAN card
    2. Aadhaar card
  • Kissht
    Disbursal Time
    5 minutes
  • Credit Saison BOL HTS
    Interest Rate
    22% p.a. onwards
  • Credit Saison BOL HTS
    Processing Fees
    2.5% onwards
  • Credit Saison BOL HTS
    Preclosure Fees
    5% of the outstanding principal amount
  • Credit Saison BOL HTS
    Maximum Loan Tenure
    Up to 3 years
  • Credit Saison BOL HTS
    Loan Amount
    Up to ₹10 Lakhs
  • Credit Saison BOL HTS
    Disbursal Time
    Within 2 working days
  • MoneyView
    Interest Rate
    Starting from 1.33% per month (16% per annum*)
  • MoneyView

    Associated Charges

    Processing Fee/Felicitation Charges: Starting from 2% of the approved loan amount


    Cheque Bounce: Rs. 500 for every bounce

  • MoneyView

    Repayment tenure

    3-60 months

  • MoneyView

    Eligibility Criteria

    1. The applicant should be a salaried or self-employed individual.
    2. The applicant must be between 21 and 57 years.
    3. The applicant must have a monthly salary of at least Rs. 13500*.
    4. The applicant’s salary/income should be credited in his/her bank account.
  • MoneyView

    Basic Documents Required

    1. Identity proof (PAN or Aadhaar Card)
    2. Address proof
    3. Bank Statement/Income Proof
  • MoneyView

    Disbursal Time

    Within 6 hours

Contact

020-66399444 ( Mon to Sat - 10 am to 6 pm )

Address

4th Floor, B2 Building, Cerebrum IT Park, Kumar City, Kalyani Nagar, Pune – 411014.