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BAJAJ FINSERV DIRECT LIMITED

₹30 Lakhs Business Loan

Running a business comes with its own set of challenges, and timely access to funds can help you achieve your goals. Whether you're planning to scale operations, purchase new machinery, or meet working capital needs, a business loan of ₹30 Lakhs can help.

Your Business Loan EMI

₹ 194,290

Total Interest Amount

₹ 497,213

Principal Amount

₹ 30,00,000

Total Payable Amount

₹ 34,97,213

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

You should get an understanding of the repayments across different tenures:

₹30 Lakh business loan at 22% p.a. for 36 months: The EMI will be ₹1,14,571 (approx.) and total interest payable will be ₹11,24,567 (approx.).
For a 96-month tenure for the same amount of loan at 22% interest: EMI will be ₹66,651(approx.) and total interest will be ₹33,98,519 (approx.).

Longer tenures mean lower EMIs but higher total interest.

Lenders Offering Business Loans of ₹30 Lakhs on Bajaj Markets

Discover lenders offering ₹30 Lakh business loans on Bajaj Markets%. Find details about interest rates and other key information below:

Lender	Starting Interest Rate	Maximum Amount	Maximum Tenure
Bajaj Finance Limited	14% p.a.	₹80 Lakhs	96 Months
IIFL Finance	16.50% p.a.	₹30 Lakhs	48 Months
FlexiLoans	18% p.a.	₹50 Lakhs	36 Months
KreditBee	18% p.a.	₹30 Lakhs	36 Months
Lendingkart	19.20% p.a.	₹35 Lakhs	36 Months
Protium	20.5% p.a.	₹35 Lakhs	36 Months
Indifi	22% p.a.	₹30 Lakhs	36 Months
UGRO Capital	24% p.a.	₹50 Lakhs	72 Months

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

EMI for a Business Loan of ₹30 Lakhs Over Varying Tenures

The repayment tenure you choose will impact both the EMI amount and the total repayment cost. For example, if you take a ₹30 Lakh business loan at an interest rate of 14% per annum, the monthly instalment amount can change based on the selected tenure, as shown below:

Tenure	EMI Amount	Total Interest Payable	Total Repayment Cost
1 Year (12 Months)	₹2,69,361	₹2,32,336	₹32,32,336
3 Years (36 Months)	₹1,02,533	₹6,91,184	₹36,91,184
5 Years (60 Months)	₹69,805	₹11,88,285	₹41,88,285
8 Years (96 Months)	₹52,115	₹20,02,992	₹50,02,992

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

Amortisation Table for a Business Loan of ₹30 Lakhs

For a ₹30 Lakh business loan at an interest rate of 14% with a tenure of 6 months, the amortisation schedule is given below:

Month	Payable Amount	Principal	Interest	Balance
Month 1	₹5,20,614	₹4,85,614	₹35,000	₹25,14,386
Month 2	₹5,20,614	₹4,91,280	₹29,335	₹20,23,107
Month 3	₹5,20,614	₹4,97,011	₹23,603	₹15,26,095
Month 4	₹5,20,614	₹5,02,810	₹17,804	₹10,23,286
Month 5	₹5,20,614	₹5,08,676	₹11,938	₹5,14,610
Month 6	₹5,20,614	₹5,14,610	₹6,004	₹0

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

Fees and Charges for a Business Loan of ₹30 Lakhs Available on Bajaj Markets

Check out below the additional fees and charges that may apply for a ₹30 Lakh business loan and make well-informed decisions:

Charges	Details
Processing Fee	Up to 6% of the loan amount
Foreclosure Fee	Up to 4.72% 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 ₹30 Lakh Business Loan

Here are some of the common requirements you are typically required to fulfil to be eligible for a business loan of ₹30 Lakhs:

Age: 21 to 60 years
Citizenship: Must be an Indian resident with a good credit score
Target Group: Self-employed non-professionals, including traders and manufacturers
Business Structure: Applicable for partnerships, LLPs, and private limited companies
Experience Criteria: Minimum of 1 year in the current business and a total of 5 years of work experience
Income Requirement: Annual earnings of more than ₹1.5 Lakhs, as stated in the Income Tax Return (ITR)

Do note that the criteria may vary depending on the lender. Be sure to review the complete list of requirements before applying to avoid rejection.

Documents Required for a ₹30 Lakh Business Loan

Below is a checklist of documents typically required for a ₹30 Lakh business loan application:

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 statements from the last 6 months
ITR (Income Tax Return), along with certified documents
Profit and Loss (P&L) statements and balance sheets from the past 2 years

Business Proof: (As applicable)

Sole Proprietorship Declaration
Partnership Deed (certified copy)
Memorandum and Articles of Association (certified copy)

Lenders may ask you to submit additional documents when applying for the loan. Get a complete list of the required paperwork in advance to be well-prepared. This will ensure a seamless application process.

Different Uses of a ₹30 Lakh Business Loan

When considering a ₹30 Lakh business loan, it is important to understand how to best leverage the funds. Depending on your requirements, here are several ways the loan can support your business:

Business Growth

Expand operations or enter new markets to secure long-term success. This supports scaling efforts and boosts overall business valuation.

Operational Costs

Manage daily expenses, address seasonal fluctuations, and ensure timely bill payments. Helps maintain smooth business operations without disruptions.

Tech Upgrades

Invest in advanced technology to improve productivity and maintain competitiveness. Modern tools can streamline workflows and reduce long-term costs.

Marketing

Strengthen marketing campaigns to attract new customers and drive higher sales. Enhanced visibility can lead to improved brand recognition and loyalty.

Inventory Management

Utilise the loan to stock up on inventory and meet customer demand during peak seasons. Prevents stockouts and supports consistent revenue generation.

Build Credit

Repay the loan on time to establish a strong credit history for future financing opportunities. Improved credit standing can lead to better loan terms and higher limits.

Check Other Instant Business Loan Options

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25 Lakh Business Loan	30 Lakh Business Loan	50 Lakh Business Loan

Frequently Asked Questions

30 Lakh Business Loan

What are the benefits of taking a ₹30 Lakh business loan?

A business loan of ₹30 Lakhs helps you access funds to meet various business needs. You can use the borrowed amount for business expansion, managing operational costs, or maintaining your inventory and equipment.

Can I get a ₹30 Lakh loan for a business without collateral?

Yes. Unsecured business loans of ₹30 Lakhs are available on Bajaj Markets. Your eligibility depends on factors like your credit score, business performance, and financial history.

What is the repayment tenure for ₹30 Lakh business loan?

The repayment tenure for a ₹30 Lakh business loan typically ranges up to 96 months. However, the exact period depends on the lender’s policies and your loan eligibility.

What is the EMI for a ₹30 Lakh business loan?

The ₹30 Lakh business loan EMI depends on the loan amount, interest rate, and tenure. You can use the business loan EMI calculator available on Bajaj Markets to get an idea of the EMI at various tenures and interest rates.

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₹30 Lakhs Business Loan

Overview

Lenders Offering Business Loans of ₹30 Lakhs on Bajaj Markets

EMI for a Business Loan of ₹30 Lakhs Over Varying Tenures

Amortisation Table for a Business Loan of ₹30 Lakhs

Fees and Charges for a Business Loan of ₹30 Lakhs Available on Bajaj Markets

Eligibility Criteria for a ₹30 Lakh Business Loan

Documents Required for a ₹30 Lakh Business Loan

Different Uses of a ₹30 Lakh Business Loan

Check Other Instant Business Loan Options

Frequently Asked Questions

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