Short-term Business Loans

Short-term business loans offer quick access to funds without long-term commitments. Ideal for urgent needs, they help manage cash flow and support business growth. With flexible repayment options and minimal hassle, these loans provide a convenient solution for today’s fast-paced and evolving business environment.

Managing a business involves numerous functions and objectives. However, some business requirements are more urgent or short-term than others. Conventional business loans often require a long application and disbursal time, and may not be suitable for urgent needs.

This is where a short-term business loan comes in. Financial institutions, like those listed on Bajaj Markets, offer short-term business loans online to extend quick financial support for a limited period. The funds can be used to expand operations, recruit additional staff, or cover essential operational costs.

Short-term business loans generally fall under the category of unsecured credit. This means you do not need to pledge any collateral to obtain them. Approval is based primarily on your credit report, income documents, and repayment history. 

If you frequently need immediate financing, short-term business loans can help you meet your goals efficiently. Here is how you can benefit from securing a short-term business loan for a small business:

• Cost-effective Financing

Short-term loans offer flexible tenures, allowing you to select a repayment period that aligns with your financial capacity. This helps in managing repayments efficiently and reducing the overall debt burden. 

• Improves Cash Flow

Instant short-term loans can help you tap into opportunities that improve cash flow. These loans play a vital role in addressing temporary cash flow gaps or financing short-term, high-return investments such as inventory procurement.

• Help Business Expansion

These loans provide flexible repayment options that support business growth without affecting profitability. These loans usually do not require collateral, making it possible to secure funding even without pledging any assets.

• High Loan Amount

You can secure a loan of up to ₹80 Lakhs to manage business-related costs across various operational needs. This high loan limit enables you to scale efficiently without seeking multiple funding sources.

• Quick Disbursal

Once approved, lenders generally transfer the loan amount to your bank account within 48 hours. This quick turnaround ensures that your business operations face minimal disruption due to financial delays.

Explore some of the NBFCs offering business loans online on Bajaj Markets. Compare interest rates, processing fees, and other key charges to make an informed borrowing decision:

Disclaimer: The above-mentioned details are subject to change at the lender’s discretion

To apply for a business loan on Bajaj Markets, you will have to meet the following standard criteria: 

• You must be an Indian citizen

• Your business should be operational for 1 to 3 years

• Your credit score should be 700 or above

• Self-employment status, either professional or non-professional

• Minimum age of 21 years at the time of application

• Business must be registered as a partnership, LLP, or private limited company

• Annual turnover should be at least ₹1 Lakh

Lenders may have varying documentation requirements based on their internal policies. However, it is advisable to keep the following standard documents ready when applying for a business loan on Bajaj Markets:

Identity Proof (Submit any one of the following)

• PAN Card

• Aadhaar Card

• Passport

• Driving Licence

• Voter ID

Address Proof (Submit any one of the following)

• Aadhaar Card

• Passport

• Driving Licence

• Utility Bills

• Lease Agreement

• Voter ID

Income Proof (Submit any one of the following)

• Income Tax Return (ITR), along with certified copies detailing income computation, Profit and Loss (P&L) statement, and balance sheet for the last 2 years

• Bank statement for the last 6 months

Business Proof (Submit any one of the following)

• Sole Proprietorship Declaration

• Authenticated copy of the Partnership Deed

• Certified copy of Memorandum and Articles of Association

You can apply for a short-term business loan online for tenures like 30 or 36 months, on Bajaj Markets by following these steps:

1. Tap on the ‘Apply For Loan’ button on this page

2. Choose your profession, enter your mobile number and pincode

3. Verify your mobile number using the OTP sent to your phone

4. Accept the terms and conditions after reading them carefully

5. Click ‘CHECK YOUR OFFER’ and follow the next steps as guided by the representative

Reference to all T&C necessarily refers to the terms of the Partners as regards pre-approved offers and loan processing time, amongst other conditions.