Our Products
Loans
Cards
Insurance
Investment
Stock Market
Electronics Mall
CIBIL Score
Knowledge Centre
Calculators
Our Services
Do not call
En
We don’t spam
Resend OTP
We have some offers for you.
100% safe and secure
Employees of proprietorship firms can get a personal loan, though lenders may ask for additional income proof such as salary slips, bank statements, and details of the proprietorship firm. Check the eligibility criteria, required documents, interest rates, and application process before applying.
Employees working in proprietorship firms can apply for a personal loan, subject to the lender's eligibility criteria and verification process. Since proprietorships are privately owned businesses, lenders may require additional proof of income and employment, such as salary slips, bank statements, and, where applicable, documents related to the employer's business.
With loan amounts of up to ₹55 Lakhs, repayment tenures of up to 108 months, and interest rates starting from 10% p.a., eligible applicants can compare loan offers from multiple lenders available on Bajaj Markets and choose an option that suits their financial requirements.
Bajaj Markets simplifies the process of getting a personal loan for proprietorship firm employees, offering a seamless and efficient platform. Here’s how you can proceed:
Ensure you meet the lender’s criteria, including stable income, good credit score, and sufficient employment tenure
Explore options with competitive interest rates, flexible repayment tenures, and loan amounts that fit your requirements
Keep essential documents ready, such as PAN card, Aadhaar card, bank statements, and salary slips, for a smooth application process
Select the loan amount and tenure based on your financial needs and repayment capacity
Use the platform to submit your application quickly and conveniently
Once your application is verified and approved, the funds will be disbursed directly to your account
| Available Offerings | Max. Loan Amount | Min. Interest Rate | Max. Tenure | Processing Fees |
|---|---|---|---|---|
₹55 Lakhs |
10% p.a. |
108 months |
Up to 3.93% of the loan amount + taxes (if applicable) |
|
₹40 Lakhs |
10.99% p.a. |
72 months |
Up to 1.5% of the loan amount + taxes (if applicable) |
|
₹5 Lakhs |
12.75% p.a. |
48 months |
Up to 2-3% of the loan amount + taxes (if applicable) |
|
₹25 Lakhs |
12% p.a. |
60 months |
Up to 6% of the loan amount + taxes (if applicable) |
|
₹15 Lakhs |
12% p.a. |
48 months |
Up to 3% of the loan amount + taxes (if applicable) |
|
₹5 Lakhs |
14% p.a. |
36 months |
Up to 2% of the loan amount + taxes (if applicable) |
|
₹4 Lakhs |
14% p.a. |
24 months |
3% to 5% of the loan amount + taxes (if applicable) |
|
₹10 Lakhs |
12% p.a. |
60 months |
Up to 5.1% + GST |
|
₹5 Lakhs |
14% p.a. |
60 months |
Up to 2.75% of the loan amount + GST or ₹500 (whichever is higher) |
|
₹10 Lakhs |
14.5% p.a. |
60 months |
Up to 4% of the loan amount + taxes (if applicable) |
|
₹10 Lakhs |
15.95% p.a. |
60 months |
Up to 3% of the loan amount + taxes (if applicable) |
|
₹10 Lakhs |
13.99% p.a. |
60 months |
Up to 5% of the loan amount + taxes (if applicable) |
|
₹10 Lakhs |
1.33% p.m. |
60 months |
Starting from 2% of the loan amount + taxes (if applicable) |
|
₹6 Lakhs |
17.25% p.a. |
60 months |
1.50% to 4.50% of the loan amount |
|
₹5 Lakhs |
12% p.a. |
36 months |
1% onwards |
|
₹5 Lakhs |
18% p.a. |
12 months |
2% to 6% of the loan amount |
|
₹5 Lakhs |
16% p.a. |
36 months |
3% of the loan amount |
|
₹5 Lakhs |
16% p.a. |
36 months |
Up to 5% of the loan amount plus applicable taxes |
|
₹5 Lakhs |
17.99% p.a. |
48 months |
3% to 5% |
|
₹5 Lakhs |
23% p.a. |
36 months |
2.5% to 4% of the loan amount |
*Disclaimer: The mentioned details are subject to change at the lender’s discretion.
Applicants generally need to meet the following eligibility requirements:
| Eligibility Parameter | Requirement |
|---|---|
Nationality |
Indian Citizen |
Age |
21 to 65 years |
Employment Type |
Salaried employee working in a registered proprietorship firm |
Minimum Monthly Income |
₹15,000 to ₹25,000 (varies by lender and city) |
Work Experience |
Minimum 1 year of total work experience, including 3 to 6 months with the current employer |
Credit Score |
Generally 600 or above (higher scores may improve eligibility) |
Salary Credit |
Salary credited directly into a bank account |
Disclaimer: Eligibility criteria may vary by lender, applicant profile, city, and loan policy. Please check the lender's latest requirements before applying.
Keeping the required documents ready can help simplify the personal loan application process.
You can apply for a personal loan on Bajaj Markets by following these steps:
Visit the Bajaj Markets website or mobile app and navigate to the Personal Loan section.
Enter your mobile number and basic personal details.
Select your employment type as 'Salaried' and provide your employer's details.
Enter your monthly income and other required financial information.
Review the available loan offers from partner lenders.
Upload the required KYC, income, and employment documents.
Submit the application for verification.
Upon approval, the loan amount is disbursed to your registered bank account.
The eligible loan amount depends on several factors, including monthly income, existing financial obligations, repayment capacity, and the lender's internal assessment.
| Net Monthly Salary | Indicative Loan Amount | Illustrative EMI (12% p.a., 5-year tenure) |
|---|---|---|
₹20,000 |
₹2.50 Lakhs to ₹4.00 Lakhs |
Approximately ₹5,561 |
₹35,000 |
₹5.00 Lakhs to ₹8.00 Lakhs |
Approximately ₹11,122 |
₹50,000 |
₹8.00 Lakhs to ₹12.00 Lakhs |
Approximately ₹17,796 |
₹75,000 and above |
Up to ₹25.00 Lakhs to ₹55.00 Lakhs |
Varies based on the loan amount |
The figures above are indicative and may vary depending on the lender's assessment and the applicant's eligibility.
|
Yes. Employees working in proprietorship firms can apply for a personal loan, subject to the lender’s eligibility criteria, income assessment, employment verification, and credit checks.
Applicants generally need a PAN Card, identity and address proof, salary slips for the last 3 to 6 months, and bank statements showing regular salary credits. Some lenders may also request the employer’s GST registration, Shop and Establishment Licence, or Udyam Registration.
Some lenders may carry out additional verification for employees of proprietorship firms because these businesses are privately owned and may not follow the same reporting structure as larger companies. Approval depends on income stability, work experience, bank records, credit profile, and the lender’s policies.
The minimum monthly salary requirement generally ranges from ₹15,000 to ₹25,000. The exact threshold varies according to the lender, applicant profile, and location.
Personal loan interest rates on Bajaj Markets may start from 10% p.a. and vary based on the lender, loan amount, tenure, monthly income, credit score, repayment capacity, and overall applicant profile.
Academy 
