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Apply for a small business loan through a smooth online process on Bajaj Markets and get the required funds with ease.
Last updated on: April 16, 2026
A small business loan helps you meet essential business needs such as working capital, equipment purchase, stock expansion, or operational expenses. It is designed for micro, small, and growing enterprises that need structured funding support. Understanding how these loans work can help you choose the right option for your financial needs.
A business loan for small businesses provides structured financial support that helps you manage different operational and growth needs. Most lenders follow similar features, but the exact terms may vary.
Here are some key features and benefits you should consider:
Lenders usually offer a wide range of loan amounts. This allows you to choose a borrowing limit that matches your business need, whether it is for working capital or equipment purchase.
Some lenders provide unsecured loans. This helps you access funds even when you do not have assets to pledge or prefer to avoid offering security for the loan.
Many lenders allow you to complete your small business loan application online. This makes the process faster and reduces the need for physical paperwork.
Repayment tenures often vary across lenders. Flexible EMIs help you maintain steady cash flow and manage your finances better.
The borrowed amount can be used for machinery, inventory, daily operations, or business expansion. This flexibility ensures that you can meet multiple financial requirements through one loan.
The small business loans interest rate usually depends on your credit score, business performance, and financial history. A stronger profile may help you access better terms.
Here are the small business loan options available on Bajaj Markets, along with their interest rates and related charges. These details can help you compare lenders and understand the overall cost of borrowing:
| Available Offerings | Max Loan Amount | Min Interest Rate | Max Tenure | Processing Fees |
|---|---|---|---|---|
₹10 Lakhs |
22% p.a. |
36 months |
3% to 4% of the loan amount + GST |
|
2 Lakhs |
29.5% p.a. |
30 months |
Up to 2% of the loan amount |
|
₹10 Lakhs |
22% p.a. |
36 months |
Up to 4.72% (Inclusive of applicable taxes) |
Disclaimer: The details mentioned in the above table are indicative and may vary based on the lender's policies and eligibility criteria.
You must meet the small business loan eligibility terms set by the lender before you apply. These conditions may differ across lenders, but the common requirements usually remain similar.
You must be an Indian citizen to qualify for a small business loan.
Your business should be operational for at least six months. Lenders use this to assess stability and continuity.
A CIBIL score of 650 or above is generally required, as it reflects responsible credit behaviour.
You should be self‑employed. This includes professionals and non‑professionals running their own businesses.
You must be at least 21 years old at the time of application.
Your business should be registered as a partnership, LLP, or private limited company.
Your business must have a minimum annual turnover of ₹2 Lakhs to demonstrate basic financial activity.
Note: The eligibility requirements may vary across lenders.
Lenders may have slight variations in documentation requirements, but the basic documents required for small business loan processing are usually the same.
Keep the following documents ready to complete your application quickly:
| Document Type | Accepted Documents |
|---|---|
Identity Proof |
PAN card, Aadhaar card, Passport, Driving licence, Voter ID |
Address Proof |
Aadhaar card, Passport, Utility bills, Lease agreement |
Income Proof |
Bank statements for the last 6 months, ITR with income computation, Profit and Loss statement, and balance sheet for the last 2 years |
Business Proof |
Sole Proprietorship Declaration, Partnership Deed (Authenticated copy), Memorandum and Articles of Association (Certified copy) |
You can apply for small business loan products through a simple digital process. Follow these steps to begin your application:
Click here to visit the application page
Select the ‘Business Owner’ option from the list of professions
Enter your mobile number and PIN code
Review the terms and conditions and confirm your agreement
Click ‘Check Your Offer’
Enter the OTP sent to your registered mobile number
Provide the required details, including:
PAN
Name as per PAN
Date of birth
Current residential status
Industry type
Nature of business
Monthly turnover or sales
Business vintage
Email ID
Click ‘Check Offers’ to view eligible options
You may adjust the loan amount or tenure and click ‘Submit to Check Offers’
Choose a suitable offer and click ‘Get It Now’
Provide any additional details as requested
You will be redirected to the lender’s page to complete KYC, set up the e‑mandate, and finish the disbursal steps
Reviewer
A business loan for small businesses is a type of financing that supports micro, small, and growing enterprises. It helps you manage essential needs such as working capital, equipment, stock, or operational expenses. These loans are designed to give small businesses structured access to credit when required.
You can get a loan for a small business by meeting the lender’s eligibility criteria and submitting the required documents. Lenders assess your income, credit score, business stability, and financial history before approving the loan. Once verified, the funds are released as per the lender’s process.
Yes, some lenders allow startups to apply for small business loans. However, the approval depends on the lender’s policy, your business model, financial projections, and credit profile. Many lenders prefer some business vintage, while others may support early‑stage firms based on strong documentation.
The loan amount varies by lender and your financial profile. Many lenders offer a minimum limit suitable for small operational needs, while the maximum limit supports larger business expenses. The exact range differs, so you should check the terms offered by your chosen lender.
The approval time depends on your profile, the accuracy of your documentation, and the lender’s verification process. Digital applications are usually processed faster as most checks happen online. Once approved, disbursal timelines depend on the lender’s internal process.
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