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Bajaj Finance Limited offers business loans with interest rates starting from 14% p.a., providing financial support for various business needs. Borrowers can get loans of up to ₹80 Lakhs with a maximum tenure of 96 months. The interest rate on Bajaj Finance Business Loans may depend on factors such as the applicant's credit score, business turnover, loan amount, and repayment capacity.

Bajaj Finance Business Loan Highlights

Here are the details of Bajaj Finance Business Loan interest rates, loan tenure, and loan amount:

Particulars

Details

Interest Rate

14% to 25% p.a.

Loan Amount 

₹2 Lakhs - ₹80 Lakhs 

Loan Tenure 

12 - 96 months 

Disclaimer: The information provided is for reference only and may vary; please verify with Bajaj Finance for the latest details.

Fees and Charges

Here are the key details of the fees and charges associated with Bajaj Finance Business Loan:

Particulars

Details

Processing Charges

Up to 4.72% (Inclusive of applicable taxes) of the loan amount

Document Processing Charges

₹2360 (Inclusive of applicable taxes)

Part-prepayment Charges

  • Up to 4.72% of the prepaid principal amount 

  • Not applicable for Flexi Term Loans (Flexi Dropline) and Hybrid Flexi Loans

Loan Foreclosure Charges

  • Term Loan: A charge of up to 4.72% on the remaining loan balance (inclusive of applicable taxes)

  • Flexi Term Loan (Flexi Dropline): Up to 4.72% of the total withdrawable amount as per the repayment schedule

  • Flexi Hybrid Loan: Up to 4.72% of the total withdrawable amount as per the repayment schedule

Annual Maintenance Charges

  • Term Loan: Not applicable

  • Flexi Term Loan (Flexi Dropline): Up to 0.41% of the total withdrawable amount (inclusive of taxes)

  • Flexi Hybrid Loan: Up to 1.18% of the total withdrawable amount during both initial and subsequent tenures

Penal Charges

Delay in payment of instalment(s) shall attract Penal Charges of ₹40 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Bounce Charges

Up to ₹1,500 per bounce

Bounce charges apply for dishonoured instruments or non-payment due to mandate rejection or any other reason

Cooling Period

Cooling off/Look-up period of one day from the date of disbursement applicable for all digital loans (as per company policy on Cooling off period)

Broken Period Interest

Broken period interest/ pre-EMI interest shall mean the amount of interest on Loan for the number of day(s) which is(are) charged in two scenarios:

Scenario 1 – More than 30 days from the date of loan disbursal till the first EMI is charged:

In this scenario, broken period interest is recovered by the following methods:

  • For Term Loan: Deducted from the loan disbursement

  • For Flexi Term (Dropline) Loan: Added to the first instalment

  • For Flexi Hybrid Loan: Added to the first instalment


Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged:
 

In this scenario, interest is charged only for the actual number of days since the loan was disbursed.

Stamp Duty

As per the laws of the state

Legal & Incidental Charges

Recovery of charges

Flexi Facility Charges

Term Loan: Not applicable

Flexi Term Loan (Flexi Dropline): Up to ₹999/-

Flexi Hybrid Loan: Based on loan amount:

  • For loan amount up to ₹10 Lakhs - up to ₹6,499

  • For loan amount >=₹10 Lakhs & <₹15 Lakhs - ₹8,999

  • For loan amount >=₹15 Lakhs & <₹25 Lakhs - ₹13,999

  • For loan amount >=₹25 Lakhs - ₹16,999

 

  • *The Flexi charges above will be deducted upfront from the loan amount

  • *Loan amount includes approved loan amount, insurance premium, VAS charges, and documentation charges.

  • Principal Holiday Facility Fees

    • For loan amount up to ₹10 Lakhs - up to ₹6,499

    • For loan amount >=₹10 Lakhs & <₹15 Lakhs - ₹8,999

    • For loan amount >=₹15 Lakhs & <₹25 Lakhs - ₹13,999

    • For loan amount >=₹25 Lakhs - ₹16,999

     

  • *The above charges are inclusive of applicable taxes & will be deducted upfront from loan amount

  • **(Loan amount includes approved loan amount, Insurance Premium & VAS Charges)

  • *Disclaimer: The mentioned charges are subject to change at the lender's discretion.

    Bajaj Finance Business Loan EMI Calculator

    Loan Amount
    Tenure
    Months
    Rate of Interest
    Business Loan
    Your Monthly Business Loan EMI
    Principal Amount
    Total Interest
    Total Amount Payable
    Amortization Schedule
    Download Amortization Schedule Download
    Expand Amortization Schedule
    Year Payable Amount Principal Interest Balance

    Bajaj Finance Business Loan EMI Breakdown

    Calculating EMI for business loans is easy. Let’s break down the process using an example to see how EMI changes with different repayment tenures.

    Consider taking a business loan of ₹10 Lakhs at an annual interest rate of 14%. Here’s how your EMI would vary based on the loan tenure:

    Tenure

    Monthly Instalments (EMI)

    Total Interest

    Total Amount Payable

    3 Years

    ₹34,177

    ₹2,30,394

    ₹12,30,394

    5 Years

    ₹23,268

    ₹3,96,095

    ₹13,96,095

    8 Years

    ₹17,371

    ₹6,67,664

    ₹16,67,664

    *Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

    Factors Affecting Bajaj Finance Business Loan Interest Rates

    The interest rate on a Bajaj Finance business loan is influenced by several factors, which vary based on the borrower's credit and financial profile. Here are the key factors that may impact the rate:

    Credit Score

    Your credit score indicates your creditworthiness; a higher score (750 or above) could result in a lower interest rate as it reduces the lender's risk perception.

    Business Financials

    Strong financial statements, including stable revenue and healthy profit margins, demonstrate a business's repayment capacity and can result in more favourable interest rates.

    Loan Amount

    The loan amount requested can influence the rate, as higher loan amounts may sometimes qualify for lower interest rates depending on lender policies.

    Loan Tenure

    The tenure, or repayment period, affects the rate—shorter tenures may attract lower interest rates, while longer tenures typically involve higher rates due to increased risk.

    Type of Business

    The industry and nature of your business determine its risk profile, with stable and established sectors often attracting more competitive interest rates.

    Applicant's Profile

    Lenders evaluate your financial history, including income stability and repayment behaviour, to assess risk, which directly impacts the interest rate offered.

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    How to Apply for a Bajaj Finance Business Loan on Bajaj Markets

    Applying for a Bajaj Finance business loan through Bajaj Markets is a simple and hassle-free process. Follow these steps to complete your application:

    1. Click on the 'Check Eligibility' button available on the page

    2. Fill in your personal details, such as name, contact information, and income details

    3. From the list of lenders displayed, choose Bajaj Finance as your preferred option

    4. Specify the loan amount you need and select your desired tenure

    5. Review all the details carefully and submit your application

    Once submitted, your application will go through a verification process. Bajaj Finance will then contact you to proceed with the next steps.

    Frequently Asked Questions

    What are the foreclosure charges on Bajaj Finance Business Loans?

    Foreclosure charges on Bajaj Finance Business Loans can go up to 4.72% (inclusive of applicable taxes) of the outstanding loan amount or the total withdrawable amount, depending on the loan type and as per the lender's policies.

    What does bounce charge mean for Bajaj Finance Business Loans?

    Bounce charges refer to the penalty imposed when a loan instalment payment fails due to reasons like insufficient funds, dishonour of a payment instrument, or issues with payment mandates. For Bajaj Finance Business Loans, bounce charges range between ₹700 and ₹1,200 per instance.

    What is the minimum and maximum interest rate on Bajaj Finance Business Loans?

    The interest rate on Bajaj Finance Business Loans ranges from 14% to 25% p.a., depending on factors like the borrower's creditworthiness, financial profile, and loan details.

    Does my credit score affect the interest rate on a Bajaj Finance Business Loan?

    Yes, your credit score plays an important role in determining the interest rate. A higher credit score (such as 750 or above) indicates strong creditworthiness and could help you secure a lower interest rate. Conversely, a lower score may result in higher rates.

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