₹75 Lakh Business Loan

Before applying for a ₹75 Lakh business loan, it is advisable to review the eligibility criteria and keep the required documents ready. Meeting the lender's requirements can help simplify the application process and reduce delays during verification.

Eligibility Criteria

Applicants generally need to fulfil the following requirements:

• Nationality: Indian citizenship

• Age: At least 21 years old

• Employment Status: Self-employed professional or non-professional

• Business Vintage: Business operational for a minimum of 6 months

• CIBIL Score: 650 or above

• Business Registration: Business registered as a partnership firm, LLP, or private limited company

Documents Required

The following business loan documents required are commonly requested when applying for a business loan:

• PAN card

• Aadhaar card

• Passport

• Driving Licence

• Voter ID

• Utility bills

• Lease agreement

• Bank statements for the last 6 months

• Income Tax Returns (ITR)

• Profit and Loss Statement

• Balance Sheet for the last 2 years

• Sole Proprietorship Declaration

• Partnership Deed

• Certificate of Incorporation

• Memorandum and Articles of Association

• GST Registration Certificate (if applicable)

The exact documentation requirements may vary depending on the lender and the nature of your business.

Calculating the EMI before applying for a business loan can help you understand the repayment commitment and plan your finances accordingly. The EMI depends on factors such as the loan amount, interest rate, and repayment tenure selected.

You can calculate your EMI using the following formula:

EMI = P × R × (1 + R)N ÷ [(1 + R)N − 1]

Where:

• P = Loan amount
• R = Monthly interest rate
• N = Loan tenure in months

Example EMI Calculation:

Let us understand this with an example.

Suppose you take a ₹75 Lakh business loan at an interest rate of 14% p.a. for a tenure of 96 months.

• Loan Amount: ₹75,00,000
• Interest Rate: 14% p.a.
• Tenure: 96 months
• Estimated EMI: ₹1,30,286
• Total Interest Payable: ₹50,07,480
• Total Repayment Amount: ₹1,25,07,480

Although the EMI formula helps estimate repayments manually, using a business loan EMI calculator can provide faster and more convenient results. It allows you to assess different loan amounts, interest rates, and tenures to identify a repayment plan suitable for your business requirements.

Applying for a ₹75 Lakh business loan on Bajaj Markets involves a simple online process. You can explore available loan offers, compare options, and proceed with the application based on your eligibility.

Follow these steps:

1. Click here to start the loan application process.

2. Enter your professional details, personal mobile number, and residential PIN code

3. Carefully review and accept the terms and conditions, then verify your number using OTP

4. Provide the required details, including PAN, date of birth, residential status, employment/business information, and email ID

5. Check the various loan offers available based on your profile

6. Select the offer of your choice, complete the KYC and e-mandate process, and submit your application

Once the application is reviewed and approved by the lender, the loan amount will be disbursed according to the lender's process and policies.

A ₹75 Lakh business loan can help businesses manage substantial financial requirements across different growth stages. Whether you are planning expansion, upgrading infrastructure, or improving operational efficiency, the funds can be used for a variety of business purposes.

Some common uses of a ₹75 Lakh business loan include:

Business Expansion
Fund new branches, additional facilities, or entry into new geographic markets — or scale up production capacity to keep pace with growth.

Machinery and Equipment Purchase
Invest in advanced machinery, manufacturing equipment, commercial vehicles, or specialised tools to boost productivity and operational efficiency.

Working Capital Management
Cover everyday running costs — salaries, supplier payments, utility bills, inventory purchases — so operations stay smooth between cash cycles.

Infrastructure Development
Upgrade office space, manufacturing units, warehouses, or retail stores to support future growth and day-to-day operations.

Inventory Procurement
Stock up on raw materials or finished goods in bulk to meet seasonal demand, avoid stock-outs, and take advantage of supplier discounts.

Technology Upgrades
Adopt new software, cloud infrastructure, cybersecurity systems, automation tools, and ERP platforms to modernise and streamline operations.

Marketing and Brand Building
Back advertising campaigns, digital marketing, product launches, and customer acquisition efforts to grow market reach.

Hiring and Workforce Expansion
Recruit skilled talent, build out your team, and invest in training to support growth and operational excellence.

Research and Product Development
Fund innovation, product improvement, prototyping, and testing to strengthen your competitive edge.

Debt Consolidation
Roll multiple business liabilities into a single loan for simpler repayment and better cash flow planning.