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 15% p.a. and repay the loan over tenures of up to 6 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 |
15% to 32.50% p.a. |
Part-prepayment |
Up to 4.72% (Inclusive of applicable taxes) |
BPI (Broken Period Interest) |
Added to first instalment amount |
Processing Fees |
Up to 4.72% (Inclusive of applicable taxes) |
Foreclosure Charges |
Up to 4.72% (Inclusive of applicable taxes) |
Annual Maintenance Charges |
Up to 0.295% (Inclusive of applicable taxes) |
Convenience Fees |
Up to ₹4499 |
Bounce Charges |
₹1500 per bounce |
Penal Interest |
42% per annum applicable on the outstanding monthly instalment |
Mandate Rejection Charges |
₹450 per instance |
Stamp Duty |
As per state laws |
Flexi Fee |
*All the Flexi charges above are inclusive of applicable taxes
*Loan amount includes approved loan amount, insurance premium and VAS charges |
*Disclaimer: The details mentioned above are subject to changes as per the terms and policies of the lender.
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:
Passport
Driving License
Voter ID
Job Card issued by NREGA duly signed by an officer of the State Government
Letter issued by the National Population Register containing details of name
Address of the customer having photograph of the card holder
Proof of possession of Aadhaar Number: Aadhaar letter, Aadhaar letter downloaded from UIDAI website, or offline verification of Aadhaar (a XML document generated by the UIDAI)
Copies of ITR filings of the last 2 years
Latest bank statements of the past 6 months
Profit and Loss statement and the balance sheet for last two years (audited by a CA)
For sole proprietors
Sole proprietorship deed or registration document
PAN card
GST returns
Income Tax Return (ITR) filings
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
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.
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/.