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A ₹25 Lakh loan can help you meet diverse business needs. These can include expanding your operations, upgrading infrastructure, purchasing equipment, and managing your working capital requirements. With Bajaj Markets, you can gain access to quick and hassle-free funding options.

The loan usually comes with competitive interest rates, and repayment plans tailored to your cash flow. Whether you're a seasoned entrepreneur or just starting out, the business loan can help you achieve your business goals without straining your finances.

Calculate EMI for ₹25 Lakh Business Loan

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₹25 Lakh Business Loan: Interest Rates, Fees, and Charges

Here are the charges and interest rates associated with a ₹25 Lakh business loan:

Lender

Starting Interest Rate (p.a)

Associated Charges

Bajaj Finance

14.00%

  • Processing fee: Up to 3.54% (Inclusive of applicable taxes) of the loan amount

  • Foreclosure charges: Up to 4.75% of the prepaid amount + GST

FlexiLoans

18.00%

  • Processing fee: Up to 2.5% of the loan amount

IIFL Finance

16.50%

  • Processing fee: 2% to 6% of the loan amount + GST

  • Convenience fee: ₹500

Indifi

22.00%

  • Processing fee: Up to 3% of the loan amount + GST

  • Foreclosure charges: 4% of principal outstanding 

KreditBee

18.00%

  • Processing fee: 3% to 4.25%

  • Foreclosure charges: Nil

  • Late payment fee: 0.1% per day on the default amount

Lendingkart

19.20%

  • Processing fee: Up to 3% of the loan amount

Protium

20.50%

  • Processing fee: 1% - 6%

  • Foreclosure charges: 4% onwards

U GRO Capital 

24.00%

  • Processing fee: Nil

  • Foreclosure charges: 4% onwards

*Disclaimer: The mentioned rates are subject to change at the lender’s discretion.

EMI for a Business Loan of ₹25 Lakhs

Let’s say you got a ₹25 Lakh business loan at an interest rate of 14% p.a. for a tenure of up to 60 months. In this case, the instalment amount is about ₹58,170.63. Here is a breakdown of the loan repayment schedule for the above example:

Tenure

Principal Paid

Interest Charges

Outstanding Dues

1st Year

₹3,71,271

₹3,26,775

₹21,28,728

2nd Year

₹4,26,719

₹2,71,330

₹17,02,009

3rd Year

₹4,90,447

₹2,07,602

₹12,11,563

4th Year

₹5,63,690

₹1,34,357

₹6,47,873

5th Year

₹6,47,873

₹50,175

₹0

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

Calculating EMIs manually can be challenging and may result in errors. For quick and accurate results, try using the business loan EMI calculator provided on Bajaj Markets.

Eligibility Criteria

To qualify for a business loan of ₹25 Lakh, you may need to meet the following eligibility requirements:

  • Age: 21–60 years

  • Citizenship: Indian with a good CIBIL score

  • Eligibility: Self-employed professional/non-professionals 

  • Business Type: Partnerships, LLPs, and private limited companies

  • Experience: Minimum 1 year in current business 

  • Income: Annual income of over ₹1.5 Lakhs as per ITR

Do note that these requirements may vary depending on the lender you choose to get the loan from. Thus, ensure to get a complete list of the criteria set by the loan provider and take active measures to meet the set requirements.

Documents Required

When applying for a ₹25 Lakh business loan, prepare the following documents:

  • Identity Proof (any one):

    • Aadhaar Card

    • Passport

    • PAN Card

    • Driving Licence

    • Voter ID Card

  • Address Proof (any one):

    • Aadhaar Card

    • Utility Bills

    • Passport

    • Lease Agreement

  • Income Proof:

    • Income Tax Return (ITR) along with the income computation

    • Bank statement of the last 6 months

    • Profit and Loss Statement and Balance Sheet of the last 2 years

  • Business Proof (as applicable):

    • Partnership Deed (certified copy)

    • Sole Proprietorship Declaration

    • Memorandum and Articles of Association (certified copy)

Some lenders may ask you to furnish some additional documents when applying for the loan. Promptly submit these to ensure a smooth and hassle-free application process.

How to Apply for a ₹25 Lakh Business Loan on Bajaj Markets

Applying for a ₹25 Lakh business loan on Bajaj Markets is simple:

  • Click on the ‘Check Eligibility’ option on this page

  • Fill in your personal and business details

  • Enter your desired loan amount and repayment tenure

  • Submit the application form for processing

Following this, the loan provider will process your application and contact you for further proceedings.

Frequently Asked Questions

What are the benefits of taking a ₹25 Lakh business loan?

A ₹25 Lakh business loan provides financial support for various business needs. These include scaling your business operations, purchasing machinery, and managing working capital. It often comes with flexibility in repayment, competitive interest rates, and a simple application process.

Can I get a ₹25 Lakh loan for business without collateral?

Yes, you can get a business loan without providing any collateral. The approval of such loans depends on factors like your credit score and the performance of your business.

What is the repayment tenure for a ₹25 Lakh business loan?

The repayment tenure for a ₹25 Lakh business loan typically ranges from 12 months to 96 months. The exact tenure depends on the lender's terms and your repayment capacity.

How long does it take to get a business loan of ₹25 Lakh approved?

The approval time for a ₹25 Lakh business loan depends on the lender and your application completeness. Generally, loans are approved within 24-72 hours if all required documents are submitted and eligibility criteria are met.

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