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BAJAJ FINSERV DIRECT LIMITED

₹15 Lakhs Business Loan

A business loan of ₹15 Lakhs can help you meet various needs. This includes scaling up your business, upgrading equipment, or ensuring smooth daily operations.

Your Business Loan EMI

₹ 55,745

Total Interest Amount

₹ 506,834

Principal Amount

₹ 15,00,000

Total Payable Amount

₹ 20,06,834

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

Here is an overview of the monthly repayment structure:

For a 36-month tenure at an interest rate of 14%, the monthly EMI for a ₹15 Lakh loan will be approximately ₹51,266. The total interest payment will be around ₹3,45,592.
A 96-month tenure at an interest rate of 14% results in a monthly EMI of about ₹26,057. However, the total interest payable increases to around ₹10,01,496.

Opting for a shorter term reduces interest costs. A longer tenure offers more manageable EMIs. Business loans also come with flexible repayment options, fast disbursal, and minimal documentation.

Lenders Offering Business Loans of ₹15 Lakhs on Bajaj Markets

Check out multiple lenders offering ₹15 Lakh business loans on Bajaj Markets. Compare interest rates, repayment tenures, and other details in the table below:

Lender	Starting Interest Rate	Maximum Amount	Maximum Tenure
Bajaj Finance Limited	14% p.a.	₹80 Lakhs	96 months
FlexiLoans	18% p.a.	₹50 Lakhs	36 months
IIFL Finance	16.50% p.a.	₹30 Lakhs	48 months
Indifi	22% p.a.	₹30 Lakhs	36 months
KreditBee	18% p.a.	₹30 Lakhs	36 months
Lendingkart	19.20% p.a.	₹35 Lakhs	36 months
Protium	20.5% p.a.	₹35 Lakhs	36 months
UGRO Capital	24% p.a.	₹50 Lakhs	72 months

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

EMI for a Business Loan of ₹15 Lakhs Over Varying Tenures

The repayment tenure you choose directly affects your EMI and the total cost of the loan. For instance, if you opt for a ₹15 Lakh business loan at an interest rate of 14%, your monthly instalments will vary depending on the selected tenure. Refer to the table below for an overview.

Tenure	EMI Amount	Total Interest Payable	Total Repayment Cost
1 Year (12 Months)	₹1,34,681	₹1,16,168	₹16,16,168
3 Years (36 Months)	₹51,266	₹3,45,592	₹18,45,592
5 Years (60 Months)	₹34,902	₹5,94,143	₹20,94,143
8 Years (96 Months)	₹26,057	₹10,01,496	₹25,01,496

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

Amortisation Schedule for a Business Loan of ₹15 Lakhs

Find out below the amortisation schedule for a ₹15 Lakh business loan at a 14% interest rate for a tenure of 6 months:

Month	Payable Amount	Principal	Interest	Balance
Month 1	₹2,60,307	₹2,42,807	₹17,500	₹12,57,193
Month 2	₹2,60,307	₹2,45,640	₹14,667	₹10,11,553
Month 3	₹2,60,307	₹2,48,506	₹11,801	₹7,63,048
Month 4	₹2,60,307	₹2,51,405	₹8,902	₹5,11,643
Month 5	₹2,60,307	₹2,54,338	₹5,969	₹2,57,305
Month 6	₹2,60,307	₹2,57,305	₹3,002	₹0

Disclaimer: These are approximate values and are meant for illustration only. For actual EMI values, reach out to the lender.

Fees and Charges for a Business Loan of ₹15 Lakhs Available on Bajaj Markets

Here are the fees and charges applicable for a ₹15 Lakh business loan. Compare what different lenders offer to choose the most cost-effective option for your business needs.

Charges	Details
Processing Fee	Up to 6% of the loan amount
Foreclosure Charges	Up to 4.72% of the outstanding principal amount (including GST in some cases)
Part-payment Charges	Up to 4.72% of the principal amount

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

Eligibility Criteria for a ₹15 Lakh Business Loan

The eligibility criteria may vary depending on the lender. However, the general requirements are as follows:

Age: 21 to 60 years
Nationality: Indian citizen with a good credit history (strong CIBIL score)
Occupation: Self-employed individuals (excluding professionals) such as traders, manufacturers, etc.
Business Structure: Partnerships, LLPs, and Private Limited Companies are eligible.
Business Experience: Minimum 1 year in the current business and a total of 5 years of self-employment experience.
Financial Standing: Annual income exceeding ₹1.5 Lakhs as per Income Tax Returns (ITR).

Please note that the eligibility requirements may differ across lenders. Make sure to review the full criteria before applying to improve your chances of approval.

Documents Required for a ₹15 Lakh Business Loan

You must provide the following documents when applying for a ₹15 Lakh business loan:

Identity Proof: (Any one of the following)

PAN Card
Aadhaar Card
Passport
Driving Licence
Voter ID

Address Proof: (Any one of the following)

Aadhaar Card
Passport
Utility Bills
Lease Agreement

Income Proof: (Any one of the following)

Bank statements from the last 6 months
ITR (Income Tax Return), along with certified documents
Profit and Loss (P&L) statements and balance sheets from the past 2 years

Business Proof: (As applicable)

Sole Proprietorship Declaration
Partnership Deed (certified copy)
Memorandum and Articles of Association (certified copy)

Different Uses of a ₹15 Lakh Business Loan

A ₹15 Lakh business loan can provide a significant boost to your enterprise. Whether you need to stabilise operations or expand strategically, here are some practical uses for the funds:

Expand Business Footprint

Open new locations, enter untapped markets, or scale operations to meet growing demand. This can lead to increased market share and long-term revenue growth.

Upgrade Infrastructure

Renovate your workspace or invest in modern equipment to improve efficiency and capacity. A better work environment boosts employee productivity and customer satisfaction.

Maintain Inventory Flow

Ensure consistent stock levels by purchasing raw materials or ready inventory ahead of seasonal demand. Prevents lost sales and enhances the customer experience during peak periods.

Strengthen Marketing Efforts

Invest in digital and offline marketing to improve brand visibility and generate leads. Effective campaigns can directly translate into increased sales and customer retention.

Improve Cash Flow

Bridge temporary gaps in income and maintain smooth daily operations. Helps ensure timely payments to vendors, staff, and other obligations.

Invest in Talent

Hire skilled staff or provide advanced training to enhance the capabilities of your existing team. Stronger teams contribute to innovation, efficiency, and business growth.

Check Other Instant Business Loan Options

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5 Lakh Business Loan	10 Lakh Business Loan	20 Lakh Business Loan
25 Lakh Business Loan	30 Lakh Business Loan	50 Lakh Business Loan

Frequently Asked Questions

15 Lakh Business Loan

What are the benefits of taking a ₹15 Lakh Business Loan?

A business loan allows you to quickly access the required funds at low interest rates. You can also enjoy flexible repayment options, depending on your eligibility and the lender’s policies. You can apply for a ₹15 Lakh business loan through a simple online application process.

Can I get a ₹15 Lakh loan for business without collateral?

Yes, many lenders offer unsecured business loans of ₹15 Lakhs. The loan approval depends on factors like your credit score, income, and business performance.

What is the repayment tenure for a ₹15 Lakh business loan?

The loan’s repayment tenures typically range up to 96 months. This depends on the lender’s policies and your eligibility requirement.

How long does it take to get a business loan of ₹15 Lakhs approved?

The approval time usually varies depending on the lender you wish to get the loan from. However, it is usually completed within 24 to 72 hours if all documents and eligibility criteria are met. This is subject to the lender’s discretion.

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₹15 Lakhs Business Loan

Overview

Lenders Offering Business Loans of ₹15 Lakhs on Bajaj Markets

EMI for a Business Loan of ₹15 Lakhs Over Varying Tenures

Amortisation Schedule for a Business Loan of ₹15 Lakhs

Fees and Charges for a Business Loan of ₹15 Lakhs Available on Bajaj Markets

Eligibility Criteria for a ₹15 Lakh Business Loan

Documents Required for a ₹15 Lakh Business Loan

Different Uses of a ₹15 Lakh Business Loan

Check Other Instant Business Loan Options

Frequently Asked Questions

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