₹1 Lakh Business Loan

A ₹1 Lakh business loan is a small credit option designed for you if you are a startup owner, trader, self-employed professional, or small business operator. It helps you manage short-term cash requirements without creating long-term financial strain. 

On Bajaj Markets, you can access such loans through verified lending partners using a fully digital process. You may use this loan for working capital, inventory purchase, or basic operational costs. These loans usually come with quick processing and shorter repayment tenures, making them suitable for immediate business needs.

A ₹1 Lakh loan for business comes with several practical features and benefits that help you manage short-term business needs with ease and minimal formalities.

Here are the details:

Key Features

• Quick Disbursal

  You can receive funds promptly, which helps you meet urgent business expenses without delays

• Short Repayment Tenure

  You usually get shorter tenures, allowing you to repay the loan comfortably and close it sooner

• Unsecured Loan Option

  In many cases, you may not need to provide collateral, reducing risk to your assets

Key Benefits

• Easy Access to Funds

  You can apply through a simple and digital process with minimal effort

• Working Capital Support

  The loan helps you manage daily expenses such as inventory purchase or vendor payments

• Minimal Paperwork

  Limited documentation saves you time, especially if you run a small or growing business

The eligibility criteria for a ₹1 Lakh loan for 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

You can apply for a business loan on Bajaj Markets website and also download the app. Follow these simple steps:

1. Click here is to apply for the business loan

2. Provide your personal and business details

3. Enter your preferred loan amount and tenure

4. Submit the application form

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