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In this new era, India is witnessing a true boom in the entrepreneurial spirit. However, establishing and administering one's own firm comes with its own set of major obligations. Meeting your company's ever-changing financial demands by acquiring the necessary money is a critical component of business ownership. These financial demands cannot be addressed by the majority of the people through traditional means. As a result, savvy business owners nowadays seek term business loans through reputable lending and financial service platforms. And this is where Bajaj Markets comes into the picture. You get a number of options that are likely to fulfil the demands of any business owner. This loan will provide you with multiple benefits and features.  Let’s have a look at those key elements to know about this product. 

Term Loans for Business- Features & Benefits

Here are the features & benefits of a Term Loan for business:

  1. Instant Approval: You are not required to wait for days to get the approval on loan. 

  2. Quick Disbursal: You will receive your loan amount in your bank account quickly after the approval.

  3. Easy Application Process: You can easily apply online and complete your loan application process within just a few minutes by visiting the website or downloading the app. 

  4. Flexible Repayment Tenure: These loans come with a flexible repayment tenure, allowing you to choose the repayment duration at your convenience. 

  5. Pre-Approved Offers: You may also check pre-approved offers by providing your contact details on the site. 

Term Loans for Business - Eligibility Criteria

In order to avoid rejection, you must fulfil the eligibility criteria that are listed below:

  • Your minimum age must be 24 years and the maximum age should be 72 years at the time of loan maturity. 

  • You must be an Indian citizen.

  • Your company must have been in operation for three years.

  • Your CIBIL score should be 685 or above.

How to Apply for a Term Loan?

Following are the steps to follow to apply for a Term Loan:

  • Visit the financial institution’s website or download the app.

  • Navigate to the ‘Term Loan’ section and choose an option as per your requirements.

  • Fill in the application form and submit it along with the supporting documents.

  • Following that institution will verify the provided details and contact you for further processing. 

Type of Term Loan

Here are the details about the different types of Term Loans:

  • Short-Term Loans: These loans have a maximum term of five years. Short-Term loans are usually used to cover the day-to-day requirements of the company, manage its working capital needs, and so on.

  • Long-Term Loans: This loan has a payback duration of more than five years and can extend up to 30 years.

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Need for Term Loans for Business

It is as a solution to this problem that term loans for business have gained popularity among business owners across the country. After all, business owners should be provided with the option to avail business loan on the terms of their own preference. It is keeping this in mind that the Business Loans available on the Bajaj Markets, become an ideal option.


These term loans for business come with fixed, pre-defined business loan terms and rates and offer considerable flexibility to the borrower. They allow the business owner to avail a loan keeping in mind his or her specific business requirements. Moreover, their time-bound small business loan terms also make these loans the right fit for businesses in early stages that are looking to expand.

Term Loans for Business - FAQs

How to apply for a term loan from Bajaj Markets?

Following are the steps to follow to apply for a Term Loan:


  • Visit the Bajaj Markets website or download the app.

  • Navigate to the ‘Term Loan’ section and choose an option as per your requirements.

  • Fill in the application form and submit it.

Bajaj Markets officials will contact you for completing the further process.

Do I need any collateral to get a term loan by applying on Bajaj Markets?

No. You are not required to provide any collateral in order to receive this loan.

How is a term loan structured?

Loan-to-value (LTV), amortisation time, interest rate, and collateral security requirements are all components of loan structure.

What is the need for a term loan for business?

Term loans for businesses have set, pre-defined loan terms and rates as well as provide the borrower with significant flexibility. They enable the business owner to obtain a loan while keeping his or her individual business requirements in mind. Furthermore, their time-bound small business loan conditions make these loans ideal for early-stage enterprises wanting to expand.

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