Here is all you need to know about Bajaj Finance Business Loan
Upscale your company with the help of a Bajaj Finance Business Loan of up to ₹30 Lakhs, now available on bajajfinservmarkets.in. You can enjoy affordable interest rates starting from 9.75% p.a. and repay the loan over tenures of up to 8 years. Furthermore, you can choose between term loans and flexi hybrid loans, as per your needs and financial situation.
Here are the interest rates and charges applicable to these business loans offered by Bajaj Finance.
Interest Rate |
9.75% to 30% p.a. |
Part-prepayment Charges |
|
BPI (Broken Period Interest) |
Added to first instalment amount |
Processing Fees |
Up to 3.54% (Inclusive of applicable taxes) of the loan amount |
Foreclosure Charges |
|
Annual Maintenance Charges |
|
Bounce Charges |
Up to ₹1,500/- per bounce.
“Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason |
Penal Charges |
Delay in payment of instalment(s) shall attract Penal Charge of ₹24 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount |
Stamp Duty |
As per state laws |
Flexi Fee |
Term Loan - Not applicable Flexi Term Loan (Flexi Dropline)- Up to ₹999/- Flexi Hybrid Loan (as applicable below)
|
*Disclaimer: The details mentioned above are subject to changes as per the terms and policies of the lender.
Get loan amounts as high as ₹30 Lakhs instantly with this loan
Repay the loan over flexible repayment tenures ranging from 1 to 8 years
Benefit from affordable interest rates starting from just 9.75% p.a.
The Flexi Hybrid Loan feature allows you to only withdraw the amount that you need for your business. Here, the interest is calculated only on the amount withdrawn instead of the entire credit limit sa Read Morenctioned. Read Less
No need to submit any of your assets as collateral when applying for this loan
Fulfil the requirements listed below to be eligible for a business loan from Bajaj Finance:
You must fall under the age bracket of 24 to 66 years
The business must have 3 years of vintage
You must be a self-employed individual
You must be a citizen of India
The documents that you will need to submit while applying for this business loan are as follows:
For sole proprietors
Sole proprietorship deed or registration document
PAN card
GST returns
Income Tax Return (ITR) filngs
Partnership agreement (for partnership firms)
Incorporation certificate, memorandum and articles of association (for private limited companies)
ITR filings
GST returns
Individuals proofs of partners or directors of the company
*Bajaj Finserv Direct Limited takes no guarantee that your application will be approved, as loan approval is solely at the discretion of the lender.
Follow these simple steps to apply for a Bajaj Finance Business Loan on Bajaj Markets:
Click on the ‘Apply Now’ option on this page
Enter your personal and business details
Select ‘Bajaj Finance’ from the list of lenders
Choose the preferred tenure and the required loan amount
Click on ‘Submit’
After this, a representative will reach out to you to further process your loan application.
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
You can use the borrowed amount to purchase raw-materials and inventory, upgrade infrastructure, expand operations, hire new staff, and much more.
Yes, you can foreclose your business loan. However, there are certain fees and processing charges associated with the same.
The tenure of these business loans range from 1 to 6 years.
You can borrow up to ₹30 Lakhs with the help of a Bajaj Finance Business Loan. However, the loan amount offered to you will depend on your eligibility.
No. You don’t have to pledge any asset as collateral for securing this business loan.
If you decide to cancel or exit the loan, you have a 3-day window from the loan booking date to initiate the cancellation. During this cooling-off period, you can review the loan's rates, terms, and conditions.
If you wish to cancel the loan, you are obligated to repay the principal amount and the Annual Percentage Rate (APR) charged without incurring any penalties. Once this period ends, standard prepayment charges will apply in accordance with RBI guidelines.
To cancel the loan within the cooling-off/look-up period, visit the customer portal at https://www.bajajfinservmarkets.in/custaccount/#/contact, contact the customer service at 8698010101, or send a cancellation request to BFL at wecare@bajajfinserv.in. Further information can be found at https://www.bajajfinserv.in/.