Bajaj Finserv Business Loan - Overview

Are you a self-employed businessman or a chartered accountant looking to start a new business or expand to a new location? Well, you can easily get the necessary financing with the help of a Bajaj Finserv Business Loan. You can undertake various business operations, such as expansion in the new market, acquisition of other companies and working capital requirements, etc. Choose us and enjoy custom-made online instant business loans with flexible repayment tenures and get access to your personalized Financial Health Check Report (FHCR).

Bajaj Finserv Business Loans are collateral-free, which means you do not have to put your personal or business assets on the line to get the finance for your business. You can avail a business loan of up to Rs. 30 Lakhs in under just 3 minutes! What's more? With us, at Finserv MARKETS, the entire process is online, hassle-free and can be customized according to your needs and requirements. So why wait? Choose Finserv MARKETS and apply for a Bajaj Finserv Business Loan with us today!

Features and Benefits of Bajaj Finance Business Loans

  • Instant Loans

    Whatever your need be, get business loans online for self-employed individuals for up to Rs. 30 Lakhs to live your dream!

  • Exclusive Offerings

    We offer tailor-made Bajaj Finserv pre-approved loans to meet all your financial requirements.

  • Zero Collateral

    No need for a guarantor when you apply for a Business Loan. We trust you.

  • Range of Tenure

    With repayment tenures ranging from 12-60 months, choose between short-term or long-term loans.

  • Value Added Services

    Get easy access to your Financial Fitness Report and protect your business loan liability with customized insurance plans.

Why Choose Finserv MARKETS for
Bajaj Finserv Business Loan?

Fast Online Process

Apply for a business loan online, get approval in 3 minutes and money in your account in 24 hours.

Minimal Documentation

No tedious paperwork! Visit our website, choose a Bajaj Finserv loan to suit your need and apply!

Transparency Guaranteed

We promise transparency. Get all the information about your Bajaj Finserv pre-approved loan, upfront. No hidden charges!

Custom-made Loans

With customized business loans to suit your needs, why look elsewhere?

Trusted Companion

100 million+ happy customers across India have chosen Bajaj Finserv as their trusted financial partner. It's your time now!

Bajaj Finance Business Loan Interest Rate

The rate of interest on business loans depends upon your business, the loan amount you have applied for and your past relationship with the bank. With Finserv MARKETS, you can enjoy the most competitive interest rates. Bajaj Finserv Business Loan Interest Rate ranges from 14% - 17% p.a. We have no hidden charges and believe in complete transparency.

 

Fees & Charges for Bajaj Finserv Business Loan Application

The processing fee for Business loan payable to Bajaj Finserv is up to 2% of the loan amount. The Foreclosure Charges amount to 4% of the outstanding loan amount in addition with the applicable taxes. In case, you are not able to pay your loan on time, you will have to pay a Penal Interest of 2% per month on your Overdue EMI in addition to the applicable taxes.

Bajaj Finserv Business Loan Eligibility

To avail a business loan, the following eligibility criteria needs to be fulfilled:

  • You must be a citizen of India.
  • You must be a self-employed individual.
  • Self-employed individuals between 26 - 66 years are eligible and can apply for a Business Loan.
  • You must have 3 years of business vintage.
  • Income tax returns of at least 1 year is required for your business.

Bajaj Finserv Business Loan Documents

Here are the documents that you need to submit while applying for a Business Loan:

  • Proof of Applicant's Identity: Passport, Photo PAN card, Voter’s identity card, Driving license and MAPIN card
  • Proof of Residence: Ration card/Telephone Bill/ Lease agreement/ Electricity Bill/ Passport/Trade license /Sales Tax certificate
  • Proof of Age: Passport, Photo PAN card, Voter’s identity card
  • Financial Documents: Copies of IT returns for the last two years along with the latest Bank statements for 6 months and P & L and balance sheet for last two years audited by a C.A
  • A passport size photograph

Bajaj Finserv Business Loan EMI Calculator

The business loan calculator is an online tool by Finserv MARKETS, which asks you to provide certain inputs so that the built-in calculator can give you the exact amount you will need to shell out every month for repaying the loan. The three important inputs are:

 

Loan Amount

This is the principal amount of loan that you wish to avail from us.

 

Rate of Interest

This is the interest rate, which is required to be paid. The rate of interest is the cost that is paid on this loan.

 

Loan Tenure

The next input is the loan tenure or loan duration. This is the total term, throughout which the loan is repaid.

 

Let us say you have borrowed INR 25 Lakhs as a business loan from a bank at the rate of 18% for 10 years or 120 months.

The formula used is: E = P * r * (1+r)^n / ((1+r)^n-1)

Where ‘E’ is EMI ‘P’ is the Principal Loan Amount ‘r' is the rate of interest calculated every month ‘n’ is the tenor or duration of the loan.

Your EMI would be: INR 25 Lakhs*0.010*(1+0.015)^120/((1+0.015)^120-1))= INR 49,308 per month. In a span of 120 months, you will end up paying INR 47,33,574. Out of this, INR 22,33,574 will be towards the interest.

Types of Business Loan at Finserv MARKETS

  • Start-up Business Loan

If you are a budding entrepreneur, you can avail this loan to start a new business or expand current operation of your existing businesses. To apply, visit our Startup Loan section to know more about the exciting features and benefits of applying for an instant business loan with us.

 

  • Mudra Loan

Pradhan Mantri Mudra Yojana (PMMY) scheme provides Business Finance to SME owners for capital expenses and operating costs. The Mudra loan scheme has three categories Shishu Loan, Kishore Loan, Tarun Loan, under which the loans are disbursed.

 

  • Business Loan for Women

With Business Loans for Women, women entrepreneurs can support themselves financially and ensure growth of their enterprise. To apply, visit the Business loan for Women section and also know about the benefits that can be availed with a small business loan.

 

  • Business Term Loan

A Business term loan can be used to finance high-cost investments such as expansion of your business or for purchasing essentials like new machinery or tools for a smooth business operation.

 

  • Working Capital Loan

Avail this loan to finance the daily expenditures that your business might encounter. Different businesses take working capital loans for a variety of purposes. Working capital finance frees up cash to help businesses grow. It is often used for specific growth projects, such as taking on a bigger contract or investing in a new market, some businesses need it for the seasonal demands based on their industry type or even for managing the credit cycle. A Working Capital Loan can help your business to get back on track and continue with your business operations smoothly.

 

  • MSME Business Loan

You can avail an MSME/SME Loan to meet your business’ working capital requirements. An MSME loan can be used for several purposes such as upgrading your company’s infrastructure, buying / repairing machinery, purchasing raw materials, etc.

Frequently Asked Questions on Business Loans

  • ✔️ Why should I avail Bajaj Finserv Business Loan from Finserv MARKETS?

    By availing a Bajaj Finserv Business Loan from Finserv MARKETS, you get benefits like smooth online process, instant approval, zero collateral requirements and rapid loan disbursal.

  • ✔️ Can I carry out the Bajaj Finserv lending application process in a conventional manner offline?

    Currently, you can carry out the Bajaj Finserv lending application process online.

  • ✔️Where can Bajaj Finserv Business Loan be used?

    A Bajaj Finserv Business Loan can be used in purchasing raw-materials, inventory, upgrading the infrastructure, expanding operations, hiring new staff etc.

  • ✔️Is foreclosure or prepayment allowed in business loan?

    Yes, you can foreclose your business loan. There are certain fees and processing charges associated with the same.

  • ✔️What is the tenure of Bajaj Finserv business loan?

    The tenure of Bajaj Finserv business loan is 1-5 years.

Bajaj Finserv MARKETS iOS App Download

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Bajaj Finance Business Loan Reviews

Bajaj Finance Business Loan Reviews

4out of 5

10 reviews

Business Loan

I was looking out for options to take a loan for my business. I came to know about Bajaj Finserv Business Loan from an acquaintance. I am fully satisfied with the products and service provided by them.

Bajaj Finserv Business Loan for My Jewelry Imitation Business

I took a business loan for my jewelry imitation business. Thank you so much for your services. I will definitely recommend fellow business owners to avail Bajaj Finserv Business loan for financial assistance.

Business Loan for Business Expansion

I took a flexi-hybrid business loan to expand the branches of my business and I must say that I'm genuinely impressed with the convenient loan availing options provided by Finserv MARKETS.

Great Service

The loan process was easy on Finserv MARKETS and overall service was nice. The customer portal is very helpful. Executuve procided complete loan details were provided.

Loan was Processed Quickly

Service is very nice, executive were very supportive, the loan procedure was completed fast, applying and processing application online was easy and simple, process is nice, satisfied with the service.

Attractive Interest Rates

Availing a business loan helped me upgrade the infrastructure of my small business. I applied for a business loan at Finserv MARKETS and I am extremely satisfied with the service I received. The business loan interest rate was quite attractive and I was able to secure a high loan amount due to my high credit score.

Collateral Free Business Loan

Business loan can help you realize your dream of taking your business to greater height. I’ve availed loans for small business at Finserv MARKETS a couple of times. The best part is that I did not have to pledge any security while availing the loan amount.

Smooth Application Process

If you are looking to avail a business loan, you must check your business loan eligibility beforehand. I applied for a business loan at Finserv MARKETS, the eligibility criteria was quite simple and the application process was also smooth. I was able to receive the loan amount within 24 hours.

Minimal Documentation

Applying for a business loan at Finserv MARKETS is a simple and quick process. The business loan documents required are minimal, the interest rate offered is attractive and the repayment tenure is also flexible. Happy to have availed business loan at Finserv MARKETS.

Instant Loan Disbursal

With the help of Bajaj finserv business loan I was able to anticipate some of the issues that my business may face. They’ve been extremely supportive and a great resource in providing small business loans services.

Happy Customers of Finserv MARKETS

Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!

I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!

Check your personal loan eligibility in seconds!

My husband and I will finally move into our own house this Diwali. All thanks to Bajaj Finserv, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!

Get the best FD interest rates starting @ 8.40%. Let's start!

Kids grow up fast and to fulfill their dream trip to Disneyland I had everything but instant funds. With no collateral or guarantor required and a hassle-free processing, I gifted my family a memorable trip to Orlando with just a click!

Get sum insured up to 1 Crore! Let's start!

The best way to start looking for health insurance is to do a close study of the coverage needs and checking the insurance company's claim ratio. No unnecessary jargons, easy to apply claims process and choice of premia!

Zero additional charge on part-payment option on Business loans! Let's start!

I bought my first iPhone using my Bajaj Finserv EMI Network Card. Zero downpayment with a No cost EMI on Bajaj Finserv EMI store just made my day!

Get home loan sanctioned online in 72 hours! Let's start!