Applying for a ₹40 Lakh Business Loan is quick and can be done online through the Bajaj Markets website or app. Here are the steps:

1. Click on the ‘Check Eligibility’ option to begin your application

2. Enter accurate personal, financial, and business details as requested

3. Select the preferred loan amount and repayment tenure suitable for your needs

4. Upload the required documents to support your business loan of up to ₹40 Lakh

5. Submit the application form for review and processing

6. A representative will contact you to finalise your ₹40 Lakh loan for business

Lenders place high importance on your CIBIL score as it reflects how responsibly you manage credit. A strong score not only increases your chances of approval but also helps you secure better terms on a ₹40 Lakh Business Loan. Here is how both pre- and post-loan stages can influence your CIBIL score:

Pre-approval Impact

When you apply for a ₹40 Lakh loan for business, lenders perform a hard credit check to assess your repayment history. Multiple applications within a short time can temporarily reduce your score, as each check is recorded as an enquiry. To increase approval chances and access better loan terms, it is advisable to maintain a CIBIL score of 700 or above.

Post-approval Impact

Your repayment behaviour has a long-term effect on your score. Making regular and timely EMI payments on your business loan of up to ₹40 Lakh strengthens your credit profile and boosts your CIBIL score. On the other hand, defaults or delays in repayment can lower your score significantly and reduce your eligibility for future credit.

Uses of a ₹40 Lakh Business Loan

Here are the different ways you can use a ₹40 Lakh Business Loan to strengthen, expand, and stabilise your enterprise:

Business Expansion

Open a new branch, office, or outlet to reach more customers and grow your market presence.

Machinery and Equipment Purchase

Invest in modern machines or tools to improve efficiency and product quality.

Working Capital Management

Cover everyday expenses like salaries, rent, utilities, and raw materials to maintain smooth operations.

Office or Shop Renovation

Upgrade your workspace with repairs, furniture, or redesigns to create a better impression.

Technology Upgrade

Adopt advanced software, IT systems, or digital tools to streamline business processes.

Marketing and Advertising

Fund online ads, social media campaigns, or traditional promotions to increase visibility and attract customers.

Hiring Skilled Professionals

Recruit experienced staff or consultants whose expertise strengthens business capabilities and long-term growth.

Inventory Purchase

Use the loan to stock raw materials or finished goods, especially during peak or seasonal demand.

Business Diversification

Introduce new products or services to expand revenue streams and reduce business risk.

Compliance and Licencing Costs

Meet expenses related to regulatory requirements, permits, or licences to keep operations legally sound.

Emergency Fund Allocation

Maintain a financial cushion to handle unexpected disruptions or slowdowns with confidence.