₹5 Lakh Business Loan

Secure a ₹5 Lakh business loan from leading lenders available on Bajaj Markets. Refer to the table below to compare interest rates and other details:

The tenure you select will significantly impact your EMI amount and total repayment cost. To understand this clearly, consider an example. Suppose you take a loan of ₹5 Lakhs at an interest rate of 14% per annum. Based on the chosen tenure, the instalment amount can vary, as shown in the table below:

To apply for a ₹5 Lakh loan for business, you generally need to meet certain eligibility conditions set by lenders to assess business stability and repayment capacity. These criteria may vary depending on the lender:

• Citizenship: You must be an Indian citizen

• Applicant Type:

  • Self‑employed professionals such as doctors, chartered accountants, architects, and consultants
  • Self‑employed non‑professionals including traders, manufacturers, retailers, and service providers

• Age: Usually between 21 and 60 years

• Business Structure: Sole proprietorships, partnership firms, LLPs, and private limited companies are typically eligible

• Business Experience: Most lenders require at least 1 year of continuity in the current business

• Income: A minimum annual income or turnover—often starting from ₹1.5 Lakh or more as per ITR—may be required, subject to lender policies.

Submitting the correct documents is essential to ensure a smooth and hassle-free loan application process. These may include:

You can easily apply for a business loan by following these steps:

1. Click here to go to the application page

2. Select ‘Business Owner’ from the dropdown to choose the profession

3. Now enter your mobile number and pin code

4. Agree to the terms and conditions

5. Click on ‘CHECK YOUR OFFER’

6. Enter the OTP sent to your registered mobile number

7. On the next page of application, enter or choose the following details as required:

• PAN

• Name as per PAN card

• Date of birth

• Current Residential Status

• Industry type

• Nature of Business

• Monthly Turnover/Sales

• Business Vintage in years

• Email ID

1. Click on ‘CHECK OFFERS’

2. You will find offers as per your eligibility

3. You can also edit the loan amount and tenure and click on ‘SUBMIT TO CHECK OFFERS’

4. Choose the preferred option and click on ‘GET IT NOW’

5. Fill in additional details as requested, (if required)

6. You will be redirected to the lender’s website to complete additional steps such as KYC verification, e-mandate setup, and loan disbursal.

With a business loan of ₹5 Lakhs, you can elevate your business and take it to the next level. Here is where you can use the loan amount:

• Working Capital: Cover daily expenses such as rent, utilities, and salaries

• Inventory Purchase: Stock raw materials or finished goods to meet demand

• Equipment Upgrade: Buy or upgrade machinery, tools, or technology

• Business Expansion: Renovate premises or scale operations

• Hiring & Training: Recruit staff or upskill existing employees

• Marketing & Advertising: Promote products, services, or brand

• Cash Flow Management: Manage gaps during off‑seasons or delayed payments