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Apply for Working Capital Loans from among lenders on Bajaj Markets, offering a reliable solution to maintain a steady cash flow and meet your short-term financial needs.
A working capital loan is a short-term credit facility designed to help businesses cover daily operational expenses and maintain steady cash flow. It acts as a financial bridge for enterprises dealing with cash flow gaps or irregular income cycles.
This working capital loan is especially beneficial for SMEs, MSMEs, seasonal businesses, and manufacturers. You can use these funds for several business-critical purposes:
Inventory Management: Purchase raw materials and stock to meet demand.
Supplier Payments: Make timely advance payments to vendors.
Operational Costs: Cover essential overheads like salaries, office rent, and utility bills.
Gap Funding: Manage financial strain caused by delayed payments from debtors.
By securing a working capital loan, business owners ensure that liquidity remains high, allowing them to focus on growth rather than daily cash constraints.
Businesses often rely on short-term and long-term credit facilities to manage cash flow, fund operations, or support trade. Below are common credit facilities available in India:
Overdraft Facility
An overdraft allows individuals or businesses to withdraw funds even when their current account has insufficient balance. It acts as a flexible credit line with interest charged on the overdrawn amount.
Cash Credit Facility
A cash credit loan is a working capital facility provided against pledged stock or receivables. It helps businesses maintain liquidity for routine operations.
Term Loan
A term loan is disbursed as a lump sum and repaid in fixed instalments over a specified period. These loans are typically used for capital expenditure or expansion projects.
Bank Guarantee
A bank guarantee is a financial assurance provided by a bank on behalf of a customer to a third party. It ensures the bank will fulfil payment obligations if the customer defaults.
Packing Credit
Packing credit, or pre-shipment finance, supports exporters in sourcing, processing, and packing goods before shipment. It enables smooth handling of export orders.
Letter of Credit
A letter of credit is commonly used in international trade to guarantee payment from the buyer’s bank to the seller. It reduces the risk of non-payment and builds trust between trading partners.
Invoice Financing
Invoice financing allows businesses to borrow money using unpaid invoices as collateral. It improves cash flow by unlocking funds tied up in receivables.
Post-shipment Finance
This facility is provided to exporters after goods have been dispatched but before payment is received from the importer. It helps cover working capital needs during this interim period.
Bill Discounting
In bill discounting, businesses sell invoices to a lender at a discount for immediate cash. They continue to manage customer payments and repay the lender once received.
Bill Purchase
Bill purchase is similar to discounting, but the bank or lender takes charge of collecting payments from the customer. It reduces the burden of recovery from the business.
You can get a working capital loan without pledging any collateral.
On Bajaj Markets, you can get up to ₹80 Lakhs without any collateral.
Enjoy a convenient and speedy application and approval process by sharing basic information. After the approval, you will get the funds within a few hours or days.
With a Flexi facility, funds stay on tap for unforeseen or operating costs. You pay interest only on the amount you draw, not on the entire sanctioned limit.
On Bajaj Markets, interest rates start at 14% p.a.. The following table provides the lenders and the maximum loan amount, interest rate, and tenure offered by each lender.
| Partner | Starting Interest Rate (p.a.) | Max. Loan Amount | Processing Fee |
|---|---|---|---|
22% p.a. |
₹10 Lakhs |
3% to 4% of the loan amount + GST |
|
29.5% p.a. |
2 Lakhs |
Up to 2% |
|
14% p.a. |
80 Lakhs |
Up to 4.72% of the loan amount (Inclusive of applicable taxes) |
|
22% p.a. |
₹10 Lakhs |
Upto 4.72% (Inclusive of applicable taxes) |
|
18% p.a. |
50 Lakhs |
Up to 2.5% of the loan amount |
|
22% p.a. |
30 Lakhs |
Up to 3% of the loan amount + GST |
|
18% p.a. |
30 Lakhs |
3% to 4.25% |
|
15.5% p.a. |
₹75 Lakhs |
Up to 2% + GST |
|
19.2% p.a. |
35 Lakhs |
Up to 3% of the loan amount + GST |
|
20.5% p.a. |
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1% - 6% |
|
16% p.a. |
₹50 Lakhs |
Up to 3% of the loan amount |
Disclaimer: The above-mentioned information is subject to change as per changes in the lenders’ policies.
While the exact criteria depend on the lender, there are some common requirements, such as:
Age applicant: The applicant should be at least 21 years old
Business vintage: The business vintage should be at least 3 years
Credit score standards: You must have a credit score of 685 or above
Ownership and documentation: You should have business ownership proof and other required financial documents
Repayment track record: You must have no history of defaults
You may need to provide additional information for business verification purposes, such as audited P/L reports or Income Tax Returns. So, be sure to check the requirements before applying for a seamless experience.
Checking this list can help you ensure that you have everything you need. Here are some documents required for a working capital loan by most lenders:
| Document Category | Required Documents |
|---|---|
Identity Proof |
PAN Card or Form 60 |
Personal Records |
Recent Passport-size photographs |
KYC Verification |
Valid KYC documents (Aadhaar, Voter ID, or Passport) |
Financial Health |
Relevant financial documents and P&L statements |
Business Proof |
Proof of business operations and business vintage |
Banking Records |
Latest bank account statements (minimum last one year) |
Remember, the lender may ask for additional documents before or after you submit the application. Ensure you submit all of them to get the funding you need. On Bajaj Markets, you can get a working capital loan without submitting collateral. This allows you to meet your operational needs affordably.
You can apply for a working capital loan online by following these steps:
Click on ‘Apply For Loan’ on this page
Fill in the application form by choosing your profession, mobile number and pincode
Enter the OTP sent on your registered mobile number for verification
Accept the terms and conditions after reading and click on ‘CHECK YOUR OFFER’
The representative will get in touch with you for further steps
While both are essential credit facilities, they serve different business needs. Understanding these differences helps you choose the right funding for your enterprise.
| Feature | Working Capital Loan | Term Loan |
|---|---|---|
Primary Purpose |
To cover day-to-day operational costs and liquidity gaps. |
To fund long-term investments like machinery or expansion. |
Loan Tenure |
Short-term (usually 6 months to 12 months). |
Long-term (can range from 3 to 10 years or more). |
Interest Rate |
Usually higher as it is a short-term, often unsecured facility. |
Relatively lower as it is spread over a longer duration. |
Usage |
Used for salaries, rent, inventory, and supplier payments. |
Used for buying land, heavy equipment, or building offices. |
Collateral |
Often available without collateral (unsecured) on Bajaj Markets. |
Generally requires collateral or security against assets. |
Repayment |
Flexible; can be bullet payments or linked to cash cycles. |
Structured through fixed Monthly Instalments (EMIs). |
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.
To calculate working capital, subtract your current liabilities from your current assets. A positive result indicates you can cover short-term debts and fund daily business activities, while a negative result suggests potential financial strain.
Most legally registered business entities can apply, including sole proprietorships, partnerships, private limited companies, and MSMEs. Generally, lenders require the business to have been operational for at least 6 months to 2 years, demonstrating a stable turnover and a healthy financial track record to ensure repayment capability.
It depends on the loan type. Unsecured working capital loans do not require collateral but often carry higher interest rates. Secured loans, however, require assets like inventory, accounts receivable, or property as backing. Many government-backed schemes also allow small businesses to access these loans without pledging personal or business assets.
Lenders typically look for a CIBIL score of 700 or above. A high score reflects creditworthiness and helps secure lower interest rates. While some specialised lenders or NBFCs may approve loans for scores between 600 and 650, they often impose stricter terms or higher costs to offset the risk.
Yes, startups can apply, though it can be challenging without a long credit history. Many lenders offer specialised products for new ventures, often leveraging government schemes (like MUDRA or CGTMSE). Success usually depends on a solid business plan, a strong personal credit score for the founders, and visible revenue projections.
You can get up to ₹80 Lakhs as a working capital loan through Bajaj Markets. The quantum of financing is decided based on the health of the business, revenue, and relationship with the lending partner.
Securing financing for a letter of credit, cash credit, overdraft facility, and invoice financing are some examples of working capital loans. You can opt for any of these types of loans as per your business requirements.
These loans allow you to cover everyday operations and financial requirements. You can take a working capital loan to pay bills, vendors, rent for your office/warehouse/factory/store or to buy materials, and more.
On Bajaj Markets , the limit for offers is up to ₹80 Lakhs. However, it also depends on the lender you choose and the working capital loan eligibility criteria set by them. Creditworthiness, business vintage, and finances are some factors affecting the maximum loan amount you can get.
Both fall under the umbrella of Working Capital Finance but serve different needs. An Overdraft (OD) is a revolving credit line where you pay interest only on the amount used. In contrast, a Working Capital Loan provides a lump sum with a fixed repayment schedule and defined tenure.
Working capital loans provide quick access to funds to manage day-to-day business expenses. They are often collateral-free, offer flexible repayment options, and help maintain a steady cash flow during low-revenue periods.
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