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BAJAJ FINSERV DIRECT LIMITED

₹1 Lakh Business Loan

Looking to grow your business or manage daily operations effortlessly? With a ₹1 Lakh Business Loan available at Bajaj Markets, you can access quick funding with minimal hassle. Apply now and take advantage of flexible repayment options, competitive interest rates, and a seamless online process designed to suit your financial needs.

Your Business Loan EMI

₹ 1,737

Total Interest Amount

₹ 66,766

Principal Amount

₹ 1,00,000

Total Payable Amount

₹ 1,66,766

Loan Amount

Interest Rate

- +

Tenure

- +

Instant Approval

You can also make instant comparisons between loan offers from over 10+ business loan providers on Bajaj Markets.

Overview

As a small business owner, you may require additional funds to manage working capital or hire employees to grow your team. These needs require funding, and having access to the right amount of capital ensures your business continues to operate smoothly without straining your cash flow.

Get an idea of the repayment plan at various tenures below:

12-month tenure at 14% interest: The EMI will be around ₹8,979, and the total interest will be ₹7,745.

36-month tenure at 14% interest: The EMI will be ₹3,418, and the total interest will be approximately ₹23,039.

Choosing a shorter tenure can reduce overall interest costs, while a longer one offers more manageable monthly payments. With flexible tenure options and quick disbursal, a business loan can provide the financial support your business needs.

Compare ₹1 Lakh Business Loan Interest Rates by Various NBFCs

You can secure a business loan of ₹1 Lakh from leading banks and financial institutions on this platform at a competitive interest rate. The table below provides details of the interest rate, maximum tenure, and loan amount:

Available Offerings	Starting Interest Rate	Maximum Loan Amount	Maximum Loan Tenure	Processing Fees
Bajaj Finance Business Loan	14.00% p.a.	₹80 Lakhs	96 months	Up to 3.54% (Inclusive of applicable taxes) of the loan amount
L&T Finance Business Loan	15.50% p.a.	₹75 Lakhs	60 months	2% + GST
IIFL Finance Business Loan	16.50% p.a.	₹30 Lakhs	48 months	Up to 2.50% of the loan amount + GST
FlexiLoans Business Loan	18.00% p.a.	₹50 Lakhs	42 months	Up to 2.5% of the loan amount
KreditBee Business Loan	18.00% p.a.	₹30 Lakhs	36 months	3% to 4.25% of the loan amount
Lendingkart Business Loan	19.20% p.a.	₹35 Lakhs	36 months	Up to 3% of the loan amount
Ambit Finvest Business Loan	20.00% p.a.	₹2 Lakhs	36 months	3% of the loan amount
Protium Business Loan	20.50% p.a.	₹35 Lakhs	36 months	1% to 6% of the loan amount
Aditya Birla Capital UDYOG PLUS Business Loan	22.00% p.a.	₹10 Lakhs	36 months	3% to 4% of the loan amount + GST
Credit Saison Business Loan	22.00% p.a.	₹10 Lakhs	36 months	Up to 4.72% (Inclusive of applicable taxes)
Indifi Business Loan	22.00% p.a.	₹30 Lakhs	36 months	Up to 3% of the loan amount + GST
InCred Business Loan	24.00% p.a.	₹3 Lakh	60 months	2% to 5% of the loan amount
U GRO Capital Business Loan	24.00% p.a.	₹50 Lakhs	72 months	NIL
AYE Finance Business Loan	29.50% p.a.	₹2 Lakhs	30 months	Up to 2% of the loan amount

Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.

₹1 Lakh Business Loan EMI for Different Tenures

The loan tenure primarily affects your EMI and the total repayment amount. For instance, when you borrow ₹1 Lakh at an interest rate of 14% p.a., your EMI changes depending on the selected tenure, as illustrated below:

Tenure	EMI Amount	Interest Rate	Total Interest Payable	Total Repayment Cost
₹1 Lakh Loan for 12 Months	₹8,979	14%	₹7,745	₹1,07,745
₹1 Lakh Loan for 36 Months	₹3,418	14%	₹23,039	₹1,23,039
₹1 Lakh Loan for 60 Months	₹2,327	14%	₹39,610	₹1,39,610
₹1 Lakh Loan for 72 Months	₹2,061	14%	₹48,361	₹1,48,361

Disclaimer: Note that these are approximate values and are meant only for illustration. For actual EMI values, reach out to your lender.

₹1 Lakh Business Loan: Fees and Charges

In addition to your EMI and interest, additional charges may also apply to your loan. Refer to the details below for a comprehensive overview:

Charges	Details
Processing Fee	Up to 6% of the loan amount
Foreclosure Charges	Up to 10% + GST

Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.

How to Calculate Your Business Loan EMI

Let’s say you have taken a business loan of ₹1 Lakh at an annual interest rate of 12% for 12 months. To calculate your business loan EMIs, you need to use a standard mathematical formula. This formula considers the loan amount, interest rate, and tenure. The formula is:

EMI = P × R × (1 + R)n / [(1 + R)n – 1]

where:

P = Principal loan amount
R = Monthly interest rate (Annual interest rate / 12 / 100)
N = Loan tenure in months

The monthly EMI, in this case, would be approximately ₹8,885. You can also use online business loan EMI calculators to generate quick and error-free results.

Eligibility Criteria and Documents for a ₹1 Lakh Business Loan

The eligibility criteria for a ₹1 Lakh loan for a small business may differ from one lender to another. However, here are some common requirements you may be asked to fulfil to qualify for a business loan of ₹1 Lakh:

Age: Above 21 years
Citizenship: Must be a citizen and resident of India
CIBIL Score: Should have a good CIBIL score of 700 or above
Eligibility: Self-employed professionals/non-professionals (e.g., traders, manufacturers)
Business Type: Partnerships, LLPs, and private limited companies
Experience: Minimum 1 to 3 years of business experience
Income: Annual revenue must be at least ₹1 Lakh, as per ITR

After fulfilling these criteria, you may have to submit some essential documents. The documents are as follows:

Identity Proof (Any one)	Address Proof (Any one)	Income Proof (Any one)	Business Proof: (As applicable)
PAN card	Aadhaar card	Bank statement for the last 6 months	Sole Proprietorship Declaration
Aadhaar card	Passport	ITR, in addition to certified copies with details, such as income computation	Authenticated copy of Partnership Deed
Passport	Utility bills	Profit and Loss (P&L) statement and balance sheet for the last 2 years	Certified copy of Memorandum and Articles of Association
Driving licence	Lease agreement
Voter ID

How to Apply for a Business Loan of ₹1 Lakh

You can apply for a ₹1 Lakh business loan through the website. You can also download the Bajaj Markets app. Follow these simple steps:

Step 1: Click on the ‘Check Eligibility’ option on this page
Step 2: Provide your personal and business details
Step 3: Enter your preferred loan amount and tenure
Step 4: Submit the application form

Following this, a representative will reach out to you for further verification and loan approval.

₹1 Lakh Business Loan Monthly Payment Plan

A ₹1 Lakh business loan at a 14% interest rate for 6 months comes with the following amortisation breakdown:

Month	Payable Amount	Principal	Interest	Balance
Month 1	₹17,354	₹16,187	₹1,167	₹83,813
Month 2	₹17,354	₹16,376	₹978	₹67,437
Month 3	₹17,354	₹16,567	₹787	₹50,870
Month 4	₹17,354	₹16,760	₹593	₹34,110
Month 5	₹17,354	₹16,956	₹398	₹17,154
Month 6	₹17,354	₹17,154	₹200	₹0

Disclaimer: Note that these are approximate values and are meant only for illustration. For actual EMI values, reach out to your lender.

Impact of Pre and Post-Business Loan Approval on CIBIL Score

Your CIBIL score indicates your credit reliability. Here is how taking a business loan can affect your score and overall financial standing:

Pre-approval Impact

Before a business loan is approved, lenders usually conduct a hard inquiry to assess a business’s creditworthiness. A single hard inquiry does not impact the CIBIL score significantly; however, multiple inquiries within a short period indicate credit-hungry behaviour.

This may reduce the chances of approval and can slightly lower the score. Hard inquiries remain visible on the CIBIL report for up to two years.

Post-repayment Impact

Once the loan is approved, maintaining a strong repayment history is essential. Delayed EMIs or loan defaults negatively affect the credit score. Repeated missed payments are recorded in the credit report and result in a lower score.

High credit utilisation and holding several outstanding loans also weaken the repayment capacity over time.

Uses of a ₹1 Lakh Business Loan

You can use the ₹1 Lakh loan for a small business in several practical ways. Here are some common uses:

Buying Equipment or Tools

You can use funds to purchase essential machines, tools, or technology that help you start, run, or improve your business operations. Whether you need updated software, reliable hardware, or specialised tools for your trade, having the right equipment can increase efficiency and support growth.

Managing Working Capital

Use your funds to manage everyday business expenses. This includes covering rent, utility bills, staff salaries, or purchasing stock to keep your shelves full. Maintaining healthy working capital ensures you can keep your business running smoothly without interruptions.

Marketing

Invest in promoting your brand to attract more customers. You might run online advertisements, build a professional website, manage active social media campaigns, or distribute printed materials such as flyers or brochures. Effective marketing helps you build visibility and drive sales.

Handling Emergencies

Set aside funds as a financial safety net to deal with unexpected costs. These may include emergency repairs, last-minute supply issues, or other urgent situations that could disrupt your operations. Being prepared allows you to respond quickly and minimise the impact on your business.

Check Other Instant Business Loan Options

2 Lakh Business Loan	3 Lakh Business Loan	5 Lakh Business Loan
10 Lakh Business Loan	15 Lakh Business Loan	20 Lakh Business Loan
25 Lakh Business Loan	30 Lakh Business Loan	50 Lakh Business Loan

Frequently Asked Questions

1 Lakh Business Loan

What are the benefits of taking a ₹1 Lakh business loan?

A ₹1 Lakh loan for business can help cover working capital needs, purchase inventory, or fund small-scale business expansions without dipping into personal savings.

Can I get a ₹1 Lakh loan for a business without collateral?

Yes, many lenders in India offer unsecured business loans of ₹1 Lakh based on your creditworthiness and financial stability.

What is the repayment tenure for a ₹1 Lakh business loan?

Repayment tenures for a ₹1 Lakh business loan typically range up to 96 months, depending on the lender and your repayment capacity.

Can I prepay a business loan of ₹1 Lakh?

Yes, most lenders allow pre-payment of a ₹1 Lakh business loan, though some may charge a pre-payment penalty.

What happens if I default on a business loan of 1 Lakh?

Defaulting on a ₹1 Lakh business loan could harm your credit score and result in additional penalties and interest charges. In severe cases, it may also lead to legal action.

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₹1 Lakh Business Loan

Overview

Compare ₹1 Lakh Business Loan Interest Rates by Various NBFCs

₹1 Lakh Business Loan EMI for Different Tenures

₹1 Lakh Business Loan: Fees and Charges

How to Calculate Your Business Loan EMI

Eligibility Criteria and Documents for a ₹1 Lakh Business Loan

How to Apply for a Business Loan of ₹1 Lakh

₹1 Lakh Business Loan Monthly Payment Plan

Impact of Pre and Post-Business Loan Approval on CIBIL Score

Pre-approval Impact

Post-repayment Impact

Uses of a ₹1 Lakh Business Loan

Buying Equipment or Tools

Managing Working Capital

Marketing

Handling Emergencies

Check Other Instant Business Loan Options

Frequently Asked Questions

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