Business Loan of ₹15 Lakhs

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.

A ₹15 Lakh business loan combines higher funding capacity with repayment flexibility, making it suitable for structured business requirements. Its features and outcomes support both operational stability and growth‑related planning.

• Higher loan amount: Access to a larger sanctioned amount helps meet expansion, equipment, and scaling needs under one facility.

• Flexible tenure options: Repayment periods can be aligned with cash flows to manage EMIs efficiently.

• Secured and unsecured availability: Options may vary based on business profile and collateral preference.

• Improved liquidity: Funds support working capital needs and short‑term obligations.

• Growth enablement: Planned use of capital can support expansion and long‑term business development.

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

1. Age: Above 21 years
   

2. Credit Score: Maintain a CIBIL score of 700 or above
   

3. Nationality: Indian citizen with a good credit history (strong CIBIL score of 700 and above)
   

4. Occupation: Self-employed, professionals, and non-professionals such as traders, manufacturers, etc.
   

5. Business Structure: Partnerships, LLPs, and Private Limited Companies are eligible.
   

6. Business Experience: Minimum 1-3 years in the current business operation.
   

7. Financial Standing: Annual income exceeding ₹1 Lakh 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. 

Applying for a business loan of ₹15 Lakh is simple and fully online through the Bajaj Markets website or app. You can follow these quick steps to get started:

• Click here to apply for a ₹15 business loan.

• Enter your details: Fill in the required personal and business information in the online application form

• Choose loan terms: Select the loan amount and preferred repayment tenure based on your requirement

• Submit the application: Complete the form and proceed for verification

The process is designed to be digital, with basic documentation and a structured application flow.

A ₹15 Lakh business loan can support both operational stability and planned expansion. The funds may be allocated across different areas based on business requirements:

• Business expansion: Opening new outlets, entering new markets, or scaling existing operations to meet demand

• Infrastructure upgrades: Renovating workspaces or improving facilities to support smoother operations

• Machinery and equipment purchase: Investing in new tools or machinery to enhance production capacity and efficiency

• Inventory stocking: Procuring raw materials or maintaining adequate stock levels, especially during high-demand periods

• Hiring and workforce development: Recruiting additional staff or investing in employee training to strengthen operations

• Marketing and promotion: Allocating funds to digital or offline campaigns to improve visibility and customer reach

• Working capital management: Managing day-to-day expenses such as vendor payments, salaries, and operational costs