₹35 Lakh Business Loan

A ₹35 Lakh business loan can help you expand operations, buy equipment, manage working capital, or bridge temporary cash-flow gaps. On Bajaj Markets, several lenders offer business loans at competitive rates, and some offers can go up to ₹35 Lakhs or more depending on eligibility. 

Most lenders check your age, business type, income, vintage, and credit profile before approving a large business loan. Below are the business loan eligibility criteria for your reference before you apply for the loan on Bajaj Markets:

• Nationality: Indian citizenship
• Business Experience: Operational for a minimum of 6 months
• CIBIL Score: 650 or above 
• Work Status: Self-employed, professional, or non-professional
• Age: Above 21 years
• Business Type: Business should be registered as a partnership, limited liability partnership, or private limited company
• Business Turnover: At least ₹2 Lakhs

In addition to meeting the eligibility criteria, below are the documents required for a hassle-free business loan application process:

• PAN card
• Aadhaar card
• Passport
• Driving licence
• Voter ID
• Utility bills
• Lease agreement
• Bank statements for the previous 6 months
• Income Tax Returns (ITR)
• Balance sheet
• Profit and Loss (P&L) statement
• Partnership deed
• Memorandum of Association (MoA)
• Articles of Association (AoA)
• Sole proprietorship declaration letter or certificate (as applicable)

The standard EMI formula is: EMI = [P × R × (1 + R)^N] ÷ [(1 + R)^N − 1], where P is the loan amount, R is the monthly interest rate, and N is the number of months. EMI tools on Bajaj Markets use these inputs to estimate both the monthly installment and the total repayment amount. 

For example, if you borrow ₹35 Lakhs at 14% p.a. for 36 months, your approximate monthly interest rate is 1.17% (14% ÷ 12). Using the EMI formula, the monthly instalment comes to around ₹1.20 Lakh per month. Over the 3 year repayment period, you would pay back more than the principal amount because a portion of each EMI goes toward interest, although the total interest outgo is significantly lower than it would be at a higher interest rate.

The application process on Bajaj Markets is fully digital and designed to be quick. After entering your details, you can compare offers from partner lenders and move ahead with the one that suits your business loans needs. 

1. Click here to proceed to the loan application journey.

2. Enter your personal and business details, including profession, mobile number, and pincode. 

3. Verify your mobile number using the OTP sent to your phone. 

4. Select the loan amount and preferred tenure. 

5. Review the available offers and choose the lender that fits your repayment plan. 

6. Submit the application and complete any further verification requested by the lender. 

A ₹35 Lakh business loan can support a variety of business requirements, from expansion and equipment purchases to managing operational and working capital needs. Common uses of the loan are outlined below:

• Expansion — open new branches or enter new markets

• Equipment purchase — buy machinery, tools, or tech

• Working capital — cover salaries, rent, and vendor payments

• Inventory buildup — stock up before peak demand

• Debt consolidation — combine high-cost loans into one EMI

• Marketing & branding — fund ads, digital campaigns, and customer acquisition