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BAJAJ FINSERV DIRECT LIMITED

₹2 Lakhs 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.

Your Business Loan EMI

₹ 7,230

Total Interest Amount

₹ 60,297

Principal Amount

₹ 2,00,000

Total Payable Amount

₹ 2,60,297

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

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, 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 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.

Lenders Offering Business Loans of ₹2 Lakhs on Bajaj Markets

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:

Partner	Starting Interest Rate (p.a.)	Max. Loan Amount	Max. Tenure
Bajaj Finance	14.00%	₹80 Lakhs	96 months
IIFL Finance	16.50%	₹30 Lakhs	48 months
KreditBee	18.00%	₹30 Lakhs	36 months
FlexiLoans	18% (reducing)	₹50 Lakhs	42 months
Lendingkart	19.20%	₹35 Lakhs	36 months
Ambit Finvest	20.00%	₹2 Lakhs	36 months
Protium	20.50%	₹35 Lakhs	36 months
Credit Saison	22.00%	₹10 Lakhs	36 months
Aditya Birla Finance	22.00%	₹10 Lakhs	36 months
Indifi	22.00%	₹30 Lakhs	36 months
InCred	24.00%	₹3 Lakhs	60 months
U GRO Capital	24.00%	₹50 Lakhs	72 months
U GRO Capital (Line of Credit)	26.00%	₹2 Lakhs	12 months

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

EMI for a Business Loan of ₹2 Lakhs Over Varying Tenures

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.

The repayment 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 is a breakdown of the EMI structure for a business loan with an interest rate of 14% p.a. over different tenures:

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.

Amortisation Schedule for a Business Loan of ₹2 Lakhs

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 an 18% annual interest rate for a 6-month tenure:

Month	Payable Amount	Principal	Interest	Balance
Month 1	₹35,105	₹32,105	₹3,000	₹1,67,895
Month 2	₹35,105	₹32,587	₹2,518	₹1,35,308
Month 3	₹35,105	₹33,075	₹2,030	₹1,02,233
Month 4	₹35,105	₹33,572	₹1,533	₹68,661
Month 5	₹35,105	₹34,075	₹1,030	₹34,586
Month 6	₹35,105	₹34,586	₹519	₹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 ₹2 Lakhs Available on Bajaj Markets

Apart from the EMI on your business loan, be aware of the fees and charges applicable, as they influence your total borrowing cost. Here is a table showing the different fees charged by various lenders according to the loan amount:

Charges	Details
Processing Fee	Up to 6% of the loan amount
Foreclosure Fee	Up to 7% of the amount
Part-Payment Charges	Up to 4.72% of the amount

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

Eligibility Criteria for a ₹2 Lakh Business Loan

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

Documents Required for a ₹2 Lakh Business Loan

To apply for a ₹2 Lakh business loan, the following documents are generally required:

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 statement for the last 6 months
ITR, in addition to certified copies with details, such as income computation
Profit and Loss (P&L) statement and balance sheet for the last 2 years

Business Proof: (As applicable)

Sole Proprietorship Declaration
Authenticated copy of Partnership Deed
Certified copy of Memorandum and Articles of Association

Different 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.

How To Apply for a ₹2 Lakh Business Loan

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

Check Other Instant Business Loan Options

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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 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 a ₹2 Lakh business loan typically range from 12 to 96 months, depending on the lender and the borrower’s 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 Lakhs Business Loan

Overview

Lenders Offering Business Loans of ₹2 Lakhs on Bajaj Markets

EMI for a Business Loan of ₹2 Lakhs Over Varying Tenures

Amortisation Schedule for a Business Loan of ₹2 Lakhs

Fees and Charges for a Business Loan of ₹2 Lakhs Available on Bajaj Markets

Eligibility Criteria for a ₹2 Lakh Business Loan

Documents Required for a ₹2 Lakh Business Loan

Different Uses of a ₹2 Lakh Business Loan

How To Apply for a ₹2 Lakh Business Loan

Check Other Instant Business Loan Options

Frequently Asked Questions

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