Business Loan of ₹10 Lakhs

On Bajaj Markets, you can apply for a ₹10 Lakh business loan with quick approvals, and minimal documentation. The loan comes with competitive interest rates and flexible repayment options, designed to support various business needs, such as growth or managing daily operations.

You can compare the interest rates across lenders to make an informed decision. Here are the rates and charges associated with a ₹10 Lakh business loan:

Disclaimer: Interest rates and terms are subject to change at the lender's discretion.

The EMI for a ₹10 Lakh business loan depends on the loan amount, interest rate, and tenure. For instance, at an interest of 14% p.a., over 60 months, the EMI would be ₹23,268. The EMI includes both the principal and the interest, with the interest portion reducing over time as the principal is repaid. An EMI calculator can help you estimate instalments for different terms and rates, aiding in financial planning. 

Here is a breakdown of how your EMI contributes to loan repayment and associated costs, considering an annual interest rate of 14%:

Note: The values provided are approximate and for illustration purposes only. For accurate EMI details, please contact your lender directly.

Manually calculating EMIs can be tedious and error-prone. Instead, you can use the business loan EMI calculator available on Bajaj Markets for quick and accurate results.

Here are the key eligibility requirements you need to meet to apply for a ₹10 Lakh loan for business:

• Age: 21–60 years

• Citizenship: Indian with a good CIBIL score

• Eligibility: Self-employed non-professionals (e.g., traders, manufacturers)

• Business Type: Partnerships, LLPs, and private limited companies

• Experience: Minimum 1 year in current business and 5 years overall

• Income: Annual income of over ₹1.5 Lakhs as per ITR

Here is a list of documents you need to provide when applying for a business loan of ₹10 Lakhs:

Identity Proof: 

• PAN card

• Aadhaar card

• Passport

• Driving licence

• Voter ID

Address Proof: 

• Aadhaar card

• Passport

• Utility bills

• Lease agreement

Bank Statements: 

• Last six months' bank statements are required

Income Proof: 

• ITR with certified copies of income computation is mandatory

Financial Statements: 

• Profit and Loss (P&L) statement

• Balance sheet for the last two years

Business Proof: 

• Sole Proprietorship Declaration, if applicable

Partnerships: 

• Authenticated copy of the Partnership Deed is required

Companies: 

• Certified copy of the Memorandum and Articles of Association is necessary

Here is a simple process to apply for a business loan of ₹10 Lakhs:

1. Click on the ‘Check Eligibility’ button available on this page

2. Fill in all the required details

3. Enter the loan amount and tenure that you prefer

4. Submit the completed application form online

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