You can now apply for a business loan of up to ₹50 Lakhs on Bajaj Markets, where you can compare offers from multiple lenders. Enjoy competitive interest rates starting from 12% p.a. with convenient repayment tenures of up to 72 months.
Easy-to-meet eligibility criteria, minimum documentation, and hassle-free approval are some of the unique benefits you get to enjoy. Don't be left wondering what could have been – make the smart move today and secure your financial future with Bajaj Markets.
Disclaimer: The details mentioned above are subject to change at the lender’s discretion.
Check the list of terms you need to meet to be eligible for a business loan below.
Self-employed professionals such as doctors, chartered accountants, etc.
Self-employed non-professionals like traders, manufacturers, etc.
Age between 25 and 65 years
Partnerships, limited liability partnerships, and private limited companies
Minimum business experience of 3 years in the current business and at least 5 years of business experience on the whole
While checking your eligibility is crucial, keeping the required documents handy is equally important. Here is a compiled list of documents required to apply for a business loan in India.
Identity Proof: PAN/Aadhaar card, passport, driving licence, Voter’s ID
Address Proof: Aadhaar card, passport, utility bills, lease agreement
Income Proof: Bank statement for the last 6 months, ITR in addition to certified copies with details, such as income computation, Profit and Loss (P&L) statement and balance sheet for the last 2 years
Business Proof: Sole Proprietorship Declaration or authenticated copy of Partnership Deed or Certified copy of Memorandum and Articles of Association
Getting a business loan online on Bajaj Markets is now really simple. Just follow these steps:
Click on the ‘Apply Now’ button on this page
Enter your basic personal details on the online application form
Enter the loan amount and preferred repayment tenure
Submit the form for verification
Applying digitally enables you to get approval on your business loan application within 2 minutes.
On meeting the eligibility criteria and receiving approval, you may receive the sanctioned amount within minutes.
Uploading the paperwork online is easy, making the documentation process smoother and faster.
A business loan involves borrowing capital that you can use to support an existing or a new business. You can use the borrowed funds to increase employee headcount, expand the enterprise, purchase equipment, build working capital, and more.
To get a business loan, you must have a credit score of at least 685. The higher your score, the better your chances of getting a business loan at negotiable rates.
On Bajaj Markets, you can get a business loan for a maximum tenure of 72 months.
Yes, a business loan is usually unsecured. This essentially means that you can acquire the funds without having to pledge an asset as security.
The minimum turnover required to qualify for a business loan can vary based on the criteria set by different lenders. Typically, it can range from around ₹10 Lakhs to around ₹40 Lakhs or so.
Any entity engaged in a legal business in India can avail a business loan if it qualifies for one, depending on the eligibility criteria in place. This includes entities like partnership firms, private companies, public companies, as well as government-owned subsidiary companies.
The minimum and maximum limits on business loans vary from one lender to another. The minimum amount you can borrow may be around ₹1 Lakh. On the other hand, the maximum amount can be as high as ₹50 Lakhs.
The business loan interest rate you get differs from lender to lender and is affected by the lender’s internal policy and benchmark rate. It is also based on your eligibility. On Bajaj Markets, you can get a business loan starting at 12% interest p.a.