Learn about eligibility, documents, and application steps for a ₹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.
You can evaluate the interest rates from different lenders to choose the best option. Here are the rates and charges for a ₹2 Lakh business loan:
Partner |
Starting Interest Rate (p.a.) |
Processing Fees |
Bajaj Finance Limited |
14% p.a. |
Up to 3.54% (taxes included). |
IIFL Finance |
16.50% p.a. |
2% to 6% + GST. |
FlexiLoans |
18% p.a. |
Up to 2.5%. |
KreditBee |
18% p.a. |
Up to 3%. |
Lendingkart |
19.20% p.a. |
Up to 3%. |
Ambit Finvest |
20% p.a. |
Flat 3%. |
Protium |
20.5% p.a. |
1% to 6%. |
Aditya Birla Finance Limited |
22% p.a. |
3% to 4% + GST. |
Indifi |
22% p.a. |
Up to 3% + GST. |
Credit Saison |
22% p.a. |
From 2.5%. |
InCred |
24% p.a. |
2% to 5%. |
UGRO Capital |
24% p.a. |
No processing fees. |
AYE Finance |
29.50% p.a. |
Up to 2%. |
Disclaimer: Interest rates and terms are subject to change at the lender's discretion
The EMI for a ₹2 Lakh business loan depends on factors like the loan amount, interest rate, and tenure. For example, at 14% p.a. interest over a tenure of 60 months, the EMI would be ₹4,654. This amount includes both principal and interest, with the interest component gradually decreasing as the principal is repaid.
An EMI calculator can help you estimate monthly instalments for various interest rates and tenures, making financial planning more effective. Here’s a breakdown of the EMI structure, showing its contribution to repayment and associated costs at 14% p.a. over 60 months:
Tenure |
Principal Paid |
Interest Charges |
Outstanding Dues |
1st Year |
₹ 29,701.77 |
₹ 26,142.03 |
₹ 1,70,298.22 |
2nd Year |
₹ 34,137.52 |
₹ 21,706.29 |
₹ 1,36,160.71 |
3rd Year |
₹ 39,235.67 |
₹ 16,610 |
₹ 96,925.03 |
4th Year |
₹ 45,095.22 |
₹ 10,748.58 |
₹ 51,829.82 |
5th Year |
₹ 51,829.82 |
₹ 4,013.98 |
₹ 0.00 |
Disclaimer: The figures provided are estimates and for illustration purposes only. For exact EMI details, please contact your lender directly.
Calculating EMIs manually can be complex and error-prone. Instead, use the business loan EMI calculator on Bajaj Markets for quick and reliable calculations.
To apply for a ₹2 Lakh Business Loan, you need to meet the following requirements:
Citizenship: You must be an Indian citizen.
Age: Applicants must be between 21 and 60 years of age
Creditworthiness: A good CIBIL score is essential
Income: Your business should have an annual income of at least ₹1.5 Lakhs 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
To apply for a ₹2 Lakh Business Loan, the following documents are generally required:
Identity Proof: PAN card, Aadhaar card, passport, driving licence, or Voter ID
Address Proof: Aadhaar card, passport, utility bills, or lease agreement
Income Proof: Bank statements for the last 6 months, ITR for 2 years, and certified financial documents including income computation, P&L statement, and balance sheet
Here are the steps to apply for a ₹2 Lakh Business Loan on Bajaj Markets:
Click on the ‘Check Eligibility’ option on this page
Fill in your personal and business details accurately
Specify your desired loan amount and repayment tenure
Submit the completed application form for further processing
A ₹2 Lakh Business Loan can help meet working capital requirements, purchase equipment or inventory, and support business growth.
Yes, many lenders offer a ₹2 Lakh loan for business. It is subject to the borrower having a good credit score and financial stability.
Repayment tenures for a ₹2 Lakh Business Loan typically range from 12 to 96 months, depending on the lender and the borrower’s repayment capacity.
Defaulting on a ₹2 Lakh Business Loan could negatively impact your credit score and may result in additional penalties.