Bajaj Finance Business Loans are collateral-free, which means you do not have to pledge your personal or business assets to obtain the financing required for your business. You can easily apply for and avail of a business loan of up to ₹30 Lakhs! What's more, at Bajaj Markets, the entire process to apply for a business loan is online, hassle-free, and can be customised according to your needs and requirements. So why wait? Choose Bajaj Markets and apply for a Bajaj Finance Business Loan today!
Applying for a Bajaj Finance business loan is very simple and shouldn’t take more than a few minutes. Here’s a quick step-by-step guide that you can follow.
Visit the website of Bajaj Markets.
Click on the ‘Loans’ option on the homepage.
Under ‘Business Loan’, click on the ‘Apply for a Business Loan’ option.
Fill the application form by entering all the details listed on it.
Then, click on the ‘Check Your Offer’ button.
Choose Bajaj Finance from the list of lending partners.
Enter the amount of loan, the repayment tenure, and other details.
Submit the application.
At Bajaj Markets, you can get Bajaj Finance Business Loans at affordable interest rates starting at 16% p.a. with low processing charges. Take a look at the business loan interest rates and the accompanying charges in the table given below:
Interest Rate, Fees and Charges Details |
|
Interest Rate |
16% - 32.5% p.a. |
Processing Fees Up to |
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 |
3.50% per month |
Broken Period Interest |
Added to first instalment |
Mandate Rejection Charges |
₹450 per instance |
Stamp Duty |
As per state laws |
The lending partners of Bajaj Markets offer tailor-made loans to meet all your financial requirements.
You can quickly get details of your loan and retrieve periodic loan statements by logging into your online account whenever you wish.
The following eligibility criteria must be fulfilled to avail of a business loan.
You must be a citizen of India
You must be a self-employed individual
You must be between 24 and 66 years (at the time of loan maturity) of age to apply for a Business Loan
The business must have 3 years of vintage
The documents that you will need to submit while applying for a business loan are as follows:
Passport
Driving License
Voter’s Identity Card issued by Election Commission of India
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, offline verification of Aadhaar (a XML document generated by the UIDAI)
Copies of IT returns for the last two years
Latest bank statements for the past 6 months
P&L statement and the balance sheet for last two years (audited by a CA)
1. In the case of sole proprietors
a) Sole proprietorship deed or registration document
b) PAN card
c) GST returns
d) Income Tax returns
2. In the case of partnership firms or private limited companies
a) Partnership agreement (in the case of partnership firms)
b) Incorporation certificate, memorandum and articles of association (in the case of private limited companies)
d) GST returns
e) Individuals proofs of partners or directors of the company
In the case of any queries or grievances regarding Bajaj Finance business loans, you can get in touch with the customer care cell by calling the following number - 020 3957 5152. Alternatively, you can also send an SMS by typing out ‘HELP’ and sending it to +91 92275 64444.
You can also log into the Bajaj Finserv Customer Portal to raise a service request or to lodge your grievance. And finally, you could also visit a Bajaj Finserv branch nearest to you to get your queries or grievances addressed.
By availing a Bajaj Finserv Business Loan from Bajaj Markets, you get benefits like smooth online process, instant approval, zero collateral requirements and rapid loan disbursal.
A Bajaj Finserv Business Loan can be used in purchasing raw-materials, inventory, upgrading the infrastructure, expanding operations, hiring new staff etc.
Yes, you can foreclose your business loan. There are certain fees and processing charges associated with the same.
The tenure of Bajaj Finserv business loan ranges up to 6 years.
EMI can be calculated as E = P * r * (1+r)^n / ((1+r)^n-1).
Where, P is principal loan amount, r is the interest rate, n is repayment tenure in months.
The maximum amount of loan that small scale units can avail from Bajaj Finance is ₹30 Lakhs.
No. You don’t have to pledge any asset as collateral for availing a Bajaj Finance business loan.