Business Loan

Grow your business with a business loan of up to ₹80 Lakhs available on Bajaj Markets. Enjoy attractive interest rates starting as low as 14% p.a. and flexible repayment tenures of up to 96 months. 

Choose offers from 12+ leading lending partners and experience a seamless application process, quick approval through minimal paperwork on Bajaj Markets.

You can easily get a business loan on Bajaj Markets if you meet the lender’s business loan eligibility criteria. While the exact criteria may vary based on the lender you choose, here are the general requirements:

Eligibility Criteria:

1. Nationality: You should be an Indian citizen

2. Business Experience: Your business should be operational for at least 1- 3 years

3. CIBIL Score: A credit score of 700 or above is required

4. Work Status: You should be self-employed, professional or non-professional

5. Age: You must be above 21 years

6. Business Type: Your business should be registered as a partnership, limited liability partnership, or private limited company

7. Minimum Turnover: Your business's minimum annual turnover should be at least ₹1 Lakh

The documentation requirements may vary based on the lender you choose. Keep these basic business loan documents required ready to complete your business loan application quickly and smoothly:

Choose the right business loan for your financial needs from the following options:

• Term Loan
  A term loan provides businesses with a fixed sum of money, which must be repaid over a set period. A long term business loan is ideal for funding investments such as equipment purchases or business expansion.

• Start-up Loan
  Start-up loans let new businesses fund initial expenses such as equipment, marketing, and setup costs.

• Working Capital Loan
  Working capital loans help businesses manage daily operational costs like inventory and payroll. It also serves as a short-term financial support to maintain smooth cash flow and meet immediate expenses.

• Equipment Financing
  Equipment financing allows businesses to acquire necessary machinery and invest in costly or updated technology without straining cash reserves.

• Business Loan for Women
  Business loans for women entrepreneurs come with flexible terms, lower interest rates, and faster processing, to encourage women-led small and medium enterprises.

A business loan can help you manage different expenses for your business growth. Here are some common ways you can use it:

• Expanding Your Business

A business loan can help you grab good opportunities. You can use it to hire more staff, improve your products, or launch new services.

• Buying Equipment and Machines

Today, every business needs efficient machines to work faster and better. Buying modern equipment can save time and increase your work quality. A business loan makes it easy to buy new machines or upgrade old ones, so your business stays ahead in your business.

• Managing Daily Business Expenses

A working capital loan helps you handle daily expenses smoothly without using up your profits. This ensures that your operations run seamlessly and there is a steady cash flow.

• Spending on Marketing and Advertising

Promoting your business well is essential to attract customers. A business loan can help you pay for online and offline advertisements, hire a marketing team, or work with a marketing company.

• Stocking Up on Inventory

Your business should always have enough products for customers. You can use a business loan to buy more stock when needed or to be ready for big orders. It also helps you set up a good inventory system to manage your stock easily and avoid mistakes.

• Investing in Research and New Ideas

To stay ahead in business, you should keep improving your products and services. With a business loan, you can invest in research and development to gain deeper insights into customer needs and develop superior products tailored to them.

Take a look at why Bajaj Markets should be your trusted destination for business loans:

• Smooth Online Process

Experience a quick, online application process with easy eligibility checks, allowing you to apply anytime, anywhere.

• Quick Approval

Benefit from swift loan approvals, helping you access funds when you need them most.

• Minimal Documentation

Enjoy a streamlined application process with reduced paperwork.

• Compare Multiple Lenders Easily

Explore offers from over 10+ lenders in one place and find the loan option suited to your business needs.

• Transparency

Clear information on fees, interest rates, and repayment terms ensures no hidden charges, making your borrowing experience straightforward and trustworthy.

Follow these quick and easy steps to apply for a business loan online on Bajaj Markets:

1. Click on the ‘Check Eligibilty' option on this page

2. Enter your basic personal details in the online application form

3. Enter the loan amount and preferred repayment tenure

4. Submit the form for verification

Before taking a business loan, understanding a few things is essential to make the right decision for your business. Here are some key points: 

• Understand Your Loan Eligibility Criteria

Check if you meet basic requirements like business vintage, income, and profitability before applying.

• Prepare a Detailed Business Plan

Have a clear plan for using the loan amount, like buying stock, paying salaries, or expanding your business.

• Gather Essential Documents

Have your financial statements, tax records, and business proofs to speed up the approval process.

• Assess Financial Health

Review your credit profile and cash flow to ensure you can comfortably manage loan repayments.

• Know the Repayment Terms

Choose a plan that fits your cash flow to keep repayments manageable.

Q:What is a business loan and how does it work?

Ans: Business Loan is a type of loan offered to business owners who need funds for their company’s expenses. You can use it for paying salaries, renting or buying equipment and other expenses.

Q:When should you take a business loan?

Ans: You can borrow a business loan when you have a clear plan to use and repay the funds, such as funding growth, buying equipment, or managing cash flow.

Q:What is the minimum and maximum loan limit offered for a business loan?

Ans: On Bajaj Markets, you can get a business loan with a minimum amount of ₹1,200 and a maximum limit of ₹80 Lakhs. 

Q:What is the maximum tenure for a business loan?

Ans: You can get a business loan with a maximum repayment tenure of 96 months with lenders available on Bajaj Markets.

Q:What is the minimum turnover requirement for a business loan?

Ans: The minimum turnover required to qualify for a business loan can vary based on the criteria set by different lenders. On Bajaj Markets, your annual turnover should be around ₹40 Lakhs. 

Q:Can I get a business loan without any collateral?

Ans: Yes, a business loan is usually unsecured. This essentially means that you can acquire funds without having to pledge an asset as security. 

Q:What is the minimum CIBIL score needed to get a business loan?

Ans: To get a business loan, you must have a CIBIL score of at least 700. The higher your score, the better your chances of getting a business loan at negotiable rates.