✔️What is a business loan and how does it work?

A business loan is borrowed capital that can be used to support an existing or new business. The funds can be used to increase employee strength, expand the enterprise, purchase equipment, build working capital, and more. A business loan is an unsecured loan that can be used to cover the expenses involved in running/growing a business. With most lenders, a business loan can be availed without pledging an asset as collateral.

✔️What credit score is needed to get a business loan?

To get a business loan, you must have a credit score of at least 685. The higher your score, the better are your chances of getting a business loan at negotiable rates.

✔️What is the maximum tenor for a business loan?

The maximum tenor offered for a business loan is typically 60 months. However, this aspect depends upon the lender and your loan profile.

✔️Can I get a business loan without any collateral?

Yes, a business loan is unsecured or collateral-free. This essentially means that you can acquire the business loan without having to pledge an asset as security.

✔️Which entities can avail a business loan?

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, one person companies, private companies, public companies, as well as government-owned subsidiary companies. Furthermore, there are also small business loans for self-employed individuals, sole proprietary concerns and other micro, small and medium-sized business entities.

✔️What is the minimum and maximum loan limit offered for a business loan?

The minimum and maximum limits on business loans vary from one lender to another. Broadly speaking, if you opt for a bank loan for business funding, the minimum amount you can borrow may range from around ₹1 Lakh to ₹3 Lakhs. The maximum amount, on the other hand, can be as high as ₹25 Lakhs to ₹50 Lakhs or more. Since this is quite a wide range, it is best to check the details pertaining to the lender you opt for.

✔️What is the typical interest rate for business loans in India?

As a business owner, you have your own personal credit as well as your business’s credit. If you guarantee a loan personally, it could affect your personal credit. Or, if you are a small business owner, it is likely that the loan will be offered based on your personal credit. As a result, it may affect your credit profile. On the other hand, for entities like companies, the business’s credit alone matters.

Business Loan

Q: ✔️What is the minimum turnover requirement for a business loan?

The minimum turnover required to qualify for getting 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.

Check your Business Loan Offer

✓Minimal Documentation ✓Flexible Repayment ✓Collateral Free Loan | Apply for Business Loan Now! Apply Now

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.

Compare Business Loans

Check out the business loan interest rates, loan amount, and tenure offered by some of the most reputed financiers in the country.

Our Partners	Interest Rate Range	Max Loan Amount/ Tenure	Avail Loan
Bajaj Finance Limited	17% onwards	72 months	Apply Now
Ambit Finvest	20% onwards	36 months	Apply Now
AYE Finance	28% onwards	36 months	Apply Now
FlexiLoans	12% onwards	36 months	Apply Now
IIFL Finance	18% onwards	60 months	Apply Now
InCred	20% onwards	48 months	Apply Now
Indifi	16% onwards	36 months	Apply Now
KreditBee	15% onwards	9 months	Apply Now
Lendingkart Finance Limited	12% onwards	36 months	Apply Now
Protium Finance Limited	1.25% p.m. onwards	72 months	Apply Now

Disclaimer: The interest rate charges listed above are subject to constant change as they are affected by several factors. Please check the prevailing interest rate with your lender before applying.

Features and Benefits

High Loan Amount

Choose to boost your working capital, expand your operations, or hire the staff you need, with a loan of up to ₹50 Lakhs.

Quick Approvals

Basis your eligibility, get your business loan application approved instantly from the comfort of your home.

Zero Collateral

Apply for a big or small business loan on Bajaj Markets and avoid submitting your valuable assets as collateral.

Competitive Interest Rates

Repay at your own pace with competitive interest rates starting at just 12% p.a. while enjoying tenures of up to 72 months.

Disclaimer: Terms and conditions apply to the above-mentioned benefits, and these may vary based on the lender.

Eligibility Criteria and Documents Required

Check the list of terms you need to meet to be eligible for a business loan below.

Indian citizen
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

Minimum annual income (as per ITR) must be ₹1.5 Lakhs per annum

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

How to Apply for a Business Loan on Bajaj Markets

Getting a business loan online on Bajaj Markets is now really simple. Just follow these steps:

Step 1

Click on the ‘Apply Now’ button on this page
Step 2

Enter your basic personal details on the online application form
Step 3

Enter the loan amount and preferred repayment tenure
Step 4

Submit the form for verification

Why Choose Bajaj Markets for a Business Loan?

Quick Approval

Applying digitally enables you to get approval on your business loan application within 2 minutes.

Instant Disbursal

On meeting the eligibility criteria and receiving approval, you may receive the sanctioned amount within minutes.

Minimal Paperwork

Uploading the paperwork online is easy, making the documentation process smoother and faster.

Quick Links

Govt Business Scheme

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.