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BAJAJ FINSERV DIRECT LIMITED

₹2 Lakh Business Loan

Need funding to grow your business or handle operational costs smoothly? A ₹2 Lakh Business Loan on Bajaj Markets offers quick access to financing with minimal effort. Enjoy attractive interest rates, flexible repayment terms, and a simple online application process designed to meet your business requirements.

Your Business Loan EMI

₹ 3,474

Total Interest Amount

₹ 133,533

Principal Amount

₹ 2,00,000

Total Payable Amount

₹ 3,33,533

Loan Amount

Interest Rate

- +

Tenure

- +

Instant Approval

Easily compare loan offers from multiple business loan providers on Bajaj Markets. You can also check the total interest and overall repayment amount to plan your finances more effectively.

Overview

A business loan can help address immediate business needs, such as managing cash flow or restocking inventory while being easier to repay with a plan that suits your finances. Options like a ₹2 Lakh business loan offer quick, collateral-free support for small business owners. Let’s understand this better with examples:

For a 12-month tenure at an annual interest of 14%, your EMI would be around ₹17,957, with total interest going up to ₹15,489.

Choosing a 36-month tenure at the same interest rate reduces the EMI to ₹6,836 but increases the total interest to approximately ₹46,079.

Shorter tenures reduce interest costs, while longer ones allow manageable repayments. With fast disbursal, flexible terms, and minimal paperwork, a loan of ₹2 Lakhs can help your business grow.

Compare ₹2 Lakh Business Loan Interest Rates by Various NBFCs

Get a ₹2 Lakh loan for business from reputable lenders available on Bajaj Markets. To get an idea of the interest rates and other highlights, check out the table below:

Available Offerings	Starting Interest Rate (p.a.)	Max. Loan Amount	Max. Tenure	Processing Fees
Bajaj Finance Business Loan	14.00%	₹80 Lakhs	96 months	Up to 4.72% of the loan amount (Inclusive of applicable taxes)
L&T Finance Business Loan	15.50% p.a.	₹75 Lakhs	60 months	Up to 2% + GST
IIFL Finance Business Loan	16.50%	₹30 Lakhs	48 months	Up to 2.5%
KreditBee Business Loan	18%	₹30 Lakhs	36 months	3% to 4.25%
FlexiLoans Business Loan	18% (reducing)	₹50 Lakhs	42 months	Up to 2.5% of the loan amount
Lendingkart Business Loan	19.20%	₹35 Lakhs	36 months	Up to 3% of the loan amount + GST
Ambit Finvest Business Loan	20%	₹2 Lakhs	36 months	3% of the loan amount
Protium Business Loan	20.50%	₹35 Lakhs	36 months	1% - 6% of the loan amount
Credit Saison Business Loan	22%	₹10 Lakhs	36 months	Up to 4.72% (Inclusive of applicable taxes)
Aditya Birla Capital Business Loan	22%	₹10 Lakhs	36 months	3% to 4% of the loan amount + GST
Indifi Business Loan	22%	₹30 Lakhs	36 months	Up to 3% of the loan amount + GST
InCred Business Loan	24%	₹3 Lakhs	60 months	2% to 5% of the loan amount
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.

₹2 Lakh Business Loan EMI for Different Tenures

The loan tenure affects your EMI and the total repayment amount. For example, when you borrow a ₹2 Lakh business loan at an interest rate of 14% p.a., your EMI changes depending on the selected tenure, as illustrated below:

Tenure	EMI Amount	Total Interest Payable	Total Repayment Cost
1 Year (12 Months)	₹17,957	₹15,489	₹2,15,489
3 Years (36 Months)	₹6,836	₹46,079	₹2,46,079
5 Years (60 Months)	₹4,654	₹79,219	₹2,79,219
6 Years (72 Months)	₹4,121	₹96,723	₹2,96,723

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

₹2 Lakh Business Loan: Fees and Charges

Apart from the EMI on your business loan, 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 Fee	Up to 10% of the amount

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

How to Calculate Your Business Loan EMI

You can calculate the EMI using the given formula:

EMI = [P x R x (1+R)^N] / [(1+R)^N-1]

Where:

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

A business loan of ₹2 Lakhs at an interest rate of 12% per annum for 24 months requires a monthly EMI of ₹9,415. You can input different values to calculate your business loan accordingly.

Alternatively, you may use online business loan EMI calculators for quicker and more precise results.

Eligibility Criteria and Documents for a Business Loan of ₹2 Lakhs

To apply for a ₹2 Lakhs business loan, you need to meet the following requirements:

Citizenship: You must be an Indian citizen
Age: You must be over 21 years of age
Creditworthiness: A credit score of 700+ is essential
Income: Your business should have an annual income of at least ₹1 Lakh as per ITR
Professionals: Self-employed professionals like doctors or chartered accountants are eligible
Non-professionals: Traders, manufacturers, and other self-employed non-professionals can apply
Business Type: Partnerships, LLPs, or private limited companies are eligible
Current Experience: At least 1 year of experience in the current business is required

The following documents are required for the business loan:

Identity Proof: (Any one of the following)	Address Proof: (Any one of the following)	Income Proof: (Any one of the following)	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

Lenders might request other relevant documents during your loan application. Obtain a full list of the necessary paperwork beforehand to stay prepared. This helps make the application process smooth and hassle-free.

How to Apply for a Business Loan of ₹2 Lakhs

Follow these simple steps to apply for a ₹2 Lakh business loan on Bajaj Markets or mobile app:

Click the ‘Check Eligibility’ button on this page
Fill in your personal details in the online form
Choose your desired loan amount and repayment tenure
Submit the form for quick verification

After submission, a representative will contact you to verify your details and assist with the loan approval process.

Monthly Payment Plan for a Business Loan of ₹2 Lakh

It is important to understand the repayment schedule before applying for a ₹2 Lakh business loan. Here is a table illustrating the amortisation schedule of a ₹2 Lakh business loan taken at 14% p.a. interest rate for a 6-month tenure:

Month	Payable Amount	Principal	Interest	Balance
Month 1	₹34,708	₹32,374	₹2,333	₹1,67,626
Month 2	₹34,708	₹32,752	₹1,956	₹1,34,874
Month 3	₹34,708	₹33,134	₹1,574	₹1,01,740
Month 4	₹34,708	₹33,521	₹1,187	₹68,219
Month 5	₹34,708	₹33,912	₹796	₹34,307
Month 6	₹34,708	₹34,307	₹400	₹0

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

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

Your CIBIL score reflects your creditworthiness and is affected before and after your business loan is approved.

Pre-Approval Impact

Lenders carry out a hard inquiry on your credit report when you apply for a loan. Multiple loan applications in a short span can slightly decrease your score. A CIBIL score of 700 or above increases your chances of approval and better loan terms.

Post-Repayment Impact

After loan approval, making EMI payments on time helps boost your CIBIL score. Missing or delaying payments can reduce your score and affect your ability to secure loans in the future.

Uses of a ₹2 Lakh Business Loan

A ₹2 Lakh business loan can serve as a valuable financial resource to support various operational and strategic needs. Here are several practical ways to utilise this amount:

Improvement of Existing Business Setup

Use the funds to upgrade your current workspace, improve infrastructure, or enhance systems and processes. Small changes have the potential to deliver significant improvements in efficiency and output.

Consolidating High-Interest Business Debts

Simplify your finances by using the loan to pay off multiple high-interest debts. Consolidating into a single, lower-interest loan can reduce your monthly outgo and ease financial pressure.

Boosting Working Capital Reserves

₹2 Lakh can provide your working capital with the necessary cushion. Use it to manage day-to-day expenses, pay suppliers on time, and handle seasonal slowdowns without stress.

Purchasing and Stock Inventory

Restock your inventory or purchase in bulk at discounted rates using the loan amount. Maintaining adequate stock levels helps you meet demand promptly and sustain your sales momentum.

Capitalising on Business Opportunities

Seize time-sensitive opportunities such as short-term bulk orders or new contracts. A ₹2 Lakh loan provides the flexibility to act quickly when the right chance arises.

Check Other Instant Business Loan Options

1 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

2 Lakh Business Loan

What are the benefits of taking a ₹2 Lakh business loan?

A ₹2 Lakh business loan can help meet working capital requirements, purchase equipment or inventory, and support business growth.

Can I get a ₹2 Lakh business loan without collateral?

Yes, many lenders on Bajaj Markets offer a ₹2 Lakh loan for business without requiring you to pledge security. However, it is subject to the borrower having a good credit score and financial stability.

What is the repayment tenure for a ₹2 Lakh business loan?

Repayment tenures for ₹2 Lakh business loans on Bajaj Markets are up to 96 months, depending on the lender’s terms and your repayment capacity.

What happens if I default on a ₹2 Lakh business loan?

Defaulting on a ₹2 Lakh business loan could negatively impact your credit score and may result in additional penalties.

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₹2 Lakh Business Loan

₹ 133,533

₹ 2,00,000

₹ 3,33,533

Overview

Compare ₹2 Lakh Business Loan Interest Rates by Various NBFCs

₹2 Lakh Business Loan EMI for Different Tenures

₹2 Lakh Business Loan: Fees and Charges

How to Calculate Your Business Loan EMI

Eligibility Criteria and Documents for a Business Loan of ₹2 Lakhs

How to Apply for a Business Loan of ₹2 Lakhs

Monthly Payment Plan for a Business Loan of ₹2 Lakh

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

Uses of a ₹2 Lakh Business Loan

Check Other Instant Business Loan Options

Frequently Asked Questions

What are the benefits of taking a ₹2 Lakh business loan?

Can I get a ₹2 Lakh business loan without collateral?

What is the repayment tenure for a ₹2 Lakh business loan?

What happens if I default on a ₹2 Lakh business loan?

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