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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

₹ 52,115

Total Interest Amount

₹ 2,002,992

Principal Amount

₹ 30,00,000

Total Payable Amount

₹ 50,02,992

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 ₹11,24,569 (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.

Compare ₹30 Lakhs Business Loan Offers by Various Banks & NBFCs

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

Available Offerings	Starting Interest Rate	Maximum Amount	Maximum Loan Tenure	Processing Fees
Bajaj Finance Business Loan	14% p.a.	₹80 Lakhs	96 months	Up to 3.54% (Inclusive of applicable taxes) of the loan amount
L&T Finance Business Loan	15.50% p.a.	₹75 Lakhs	60 months	Up to 2% + GST of the loan amount
IIFL Finance Business Loan	16.50% p.a.	₹30 Lakhs	48 months	Up to 2.5% of the loan amount
FlexiLoans Business Loan	18.00% p.a.	₹50 Lakhs	42 months	Up to 2.5% of the loan amount
KreditBee Business Loan	18.00% p.a.	₹30 Lakhs	36 months	3% to 4.25% of the loan amount
Lendingkart Business Loan	19.20% p.a.	₹35 Lakhs	36 months	Up to 3% of the loan amount + GST
Protium Business Loan	20.50% p.a.	₹35 Lakhs	36 months	1% - 6% of the loan amount
Indifi Business Loan	22.00% p.a.	₹30 Lakhs	36 months	Up to 3% of the loan amount + GST
UGRO Capital Business Loan	24% p.a.	₹50 Lakhs	72 months	NIL

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.

₹30 Lakh Business Loan EMI for Different Tenures

Tenure	EMI Amount	Interest Rate	Total Interest Payable	Total Repayment Cost
₹30 Lakh Loan for 12 Months	₹2,69,361	14%	₹2,32,336	₹32,32,336
₹30 Lakh Loan for 36 Months	₹1,02,533	14%	₹6,91,184	₹36,91,184
₹30 Lakh Loan for 60 Months	₹69,805	14%	₹11,88,285	₹41,88,285
₹30 Lakh Loan for 96 Months	₹52,115	14%	₹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.

₹30 Lakh Business Loan: Fees and Charges

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 10% + GST

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

How to Calculate Your Business Loan EMI

Suppose your ₹30 Lakh business loan’s interest rate is 15% p.a. and the loan tenure of 36 months. To calculate the EMI manually, you can use the following formula:

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

where:

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

Using the formula, the EMI will be ₹1,03,996. The total interest will be ₹7,43,885, and the total amount payable will be ₹37,43,885.

Eligibility and Documents Criteria for a Business Loan of ₹30 Lakhs

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

Age: You must be above 21 years
Citizenship: Must be an Indian resident with a good credit score
Target Group: Self-employed, professional, or non-professionals
Business Structure: Applicable for partnerships, LLPs, and private limited companies
Experience Criteria: Minimum 1 to 3 years of business experience
Income Requirement: Annual earnings of at least ₹1 Lakh, 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.

Apart from the eligibility requirements you need to submit some documents. Below is a checklist of documents typically required for a ₹30 Lakh business loan application:

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	Aadhar Card	Bank statements from the last 6 months	Sole Proprietorship Declaration
Aadhar Card	Passport	ITR (Income Tax Return), along with certified documents	Partnership Deed (certified copy)
Passport	Utility Bills	Profit and Loss (P&L) statements and balance sheets from the past 2 years	Memorandum and Articles of Association (certified copy)
Driving Licence	Lease agreement
Voter ID

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.

How to Apply for a Business Loan of ₹30 Lakhs

Applying for a business loan is simple and hassle-free with both Bajaj Markets’s website and app. Just follow these easy steps:

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

₹30 Lakh Business Loan Monthly Payment Plan

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

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.

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

Your CIBIL score reflects your creditworthiness. Here’s how business loans can impact your CIBIL score and overall financial profile:

Pre-approval Impact

After applying for a business loan, your lender will conduct a hard inquiry. They do it to review your credit report. Your CIBIL score might drop as a result, but usually it is temporary.

Post-repayment Impact

Repayment of loans on time indicates that you are a responsible borrower and boosts your credit score as a reward. It will give the impression that you can manage your debt, so approving your loan for the best terms will not be risky.

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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5 Lakh Business Loan	10 Lakh Business Loan	20 Lakh Business Loan
25 Lakh Business Loan	15 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

₹ 2,002,992

₹ 30,00,000

₹ 50,02,992

Overview

Compare ₹30 Lakhs Business Loan Offers by Various Banks & NBFCs

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

₹30 Lakh Business Loan EMI for Different Tenures

₹30 Lakh Business Loan: Fees and Charges

How to Calculate Your Business Loan EMI

Eligibility and Documents Criteria for a Business Loan of ₹30 Lakhs

How to Apply for a Business Loan of ₹30 Lakhs

₹30 Lakh Business Loan Monthly Payment Plan

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

Uses of a ₹30 Lakh Business Loan

Check Other Instant Business Loan Options

Frequently Asked Questions

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

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

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

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

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