Bajaj Finserv Business Loan - Apply Online, Eligibility, Interest Rates & Features

If you are a business owner seeking financial assistance to grow or sustain your business, Bajaj Finserv Business Loans offer a convenient and hassle-free solution.

Whether you need funds for purchasing new equipment, expanding operations, or managing cash flow, Bajaj Finserv provides business loans of up to ₹80 lakh with minimal paperwork and quick disbursal.

With flexible loan options, instant approval, and competitive Bajaj Finserv business loan interest rates, Bajaj Finserv makes it easy for businesses to access the funds they need for growth and success.

To apply, check the Bajaj Finserv business loan eligibility criteria, which include factors like business vintage, turnover, and credit score. Once eligible, you can conveniently Bajaj Finserv business loan apply online through their user-friendly platform. Enjoy a seamless process, tailored loan solutions, and quick access to funds to fuel your business aspirations.

Bajaj Finserv Business Loan - Apply Online, Eligibility, Interest Rates & Features

Loan Amount :Up to 80Lakh | Tenure : up to 96 Months.

Rate of Interest : Strting @14% to 30% PA | Processing Fees : Upto 3.54%

100% Paperless Application Process & 0% Service charge

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Bajaj Finserv Business Loan Eligibility Criteria

To be eligible for a Bajaj Finserv Business Loan, you need to meet the following criteria:

1. Age: You must be between 25 and 55 years of age.

2. Business Vintage: Your business should have been operational for at least 3 years. The longer the business history, the better the chances of loan approval.

3. Annual Income: Your business should have a minimum annual income, which generally starts around ₹1.5 lakh. This may vary based on the type and size of the business.

4. Credit Score: A good credit score (typically above 750) is crucial for better loan terms, as it indicates your ability to repay the loan.

5. Business Type: Bajaj Finserv offers business loans to various business entities, including sole proprietorships, partnerships, and private limited companies.

Documents Required for Bajaj Finserv Business Loan

Before applying for a Bajaj Finserv business loan, you will need to submit the following documents:

1. Identity and Address Proof:

   • Aadhaar Card
   • PAN Card
   • Passport
   • Voter ID

2. Business Documents:

   • Business registration certificate (Partnership deed, Certificate of incorporation)
   • GST registration certificate
   • Proof of business ownership (Shop Act license)

3. Financial Documents:

   • Bank statements for the last 6 months
   • Income tax returns for the last 2-3 years
   • Profit and Loss statements
   • Balance sheets for the last 2-3 years

4. Business Plan (if applicable):

   • A brief business plan detailing the purpose of the loan.

5. Other Documents:

   • KYC documents of co-borrowers (if any)
   • Passport-sized photographs

Ensure that all documents are up-to-date to avoid any delays in the loan processing.

Key Features of Bajaj Finserv Business Loans

1. High Loan Amounts: Bajaj Finserv offers business loans up to ₹80 lakh, helping you cover substantial business expenses, including expansion, inventory purchase, and working capital.

2. Quick Approval and Disbursement: With Bajaj Finserv, you can get an instant loan approval and minimal paperwork. Your loan can be processed and disbursed within 48 hours, allowing you to access the funds you need quickly.

3. Flexible Loan Options: Bajaj Finserv offers different loan options to suit your business needs:

   • Flexi Term Loan: Allows you to borrow funds as per your requirements and pay only interest during the loan term. Principal repayment is flexible.
   • Flexi Hybrid Loan: Offers the benefits of both term loan and a credit line, with flexible repayment options.
   • Term Loan: A traditional loan where you borrow a fixed amount and repay it over a fixed tenure.

4. No Collateral Requirement: For loans up to ₹30 lakh, Bajaj Finserv does not require any collateral, making it easier for businesses to secure funding without putting assets at risk.

5. Easy Online Application Process: The application process for a Bajaj Finserv business loan is straightforward and can be completed online. This reduces the hassle and time taken for loan approval.

6. Affordable Interest Rates: Bajaj Finserv offers business loan interest rates starting from 8.50% per annum, which can vary based on the loan amount, tenure, and other factors.

Bajaj Finserv Business Loans Interest Rates

Bajaj Finserv offers competitive interest rates on business loans. The rates typically range from 8.50% to 30% per annum, depending on various factors such as:

• Loan Amount: Larger loan amounts may attract different rates than smaller ones.
• Tenure: The length of the loan can impact the interest rate.
• Credit Score: A higher credit score can result in more favorable interest rates.
• Business Profile: The financial health and nature of the business may also affect the rate.

For the most accurate and personalized interest rate, it is recommended to use the online eligibility calculator or consult Bajaj Finserv directly.

How to Apply for a Bajaj Finserv Business Loan?

Applying for a Bajaj Finserv business loan is a simple process. Follow these steps:

1. Visit the Official Bajaj Finserv Website: Go to Bajaj Finserv's Business Loan page and explore the available loan products.

2. Check Eligibility: Use the eligibility calculator on their website to check if you qualify for the loan based on your financials and business profile.

3. Fill Out the Application Form: Complete the online form by providing your personal and business details.

4. Upload Documents: Upload the required documents, such as business registration, income tax returns, bank statements, and identity proof.

5. Review and Submit: Double-check all the information you’ve provided and submit the application.

6. Loan Processing and Approval: Once submitted, Bajaj Finserv will verify your application, and a representative may contact you for further details.

7. Disbursement: Upon approval, you will receive a loan offer with details of the loan amount, interest rate, and repayment terms. After acceptance, the loan amount will be disbursed to your account.

Why Choose Bajaj Finserv for Your Business Loan?

Bajaj Finserv stands out in the market for its quick, flexible, and hassle-free business loan solutions. Some of the key benefits include:

• Fast Processing: With instant approval and quick disbursement within 48 hours, you can access the funds when you need them most.
• No Collateral: Bajaj Finserv’s collateral-free loans for amounts up to ₹30 lakh make it easier for small and medium-sized businesses to avail funding without risking assets.
• Flexible Repayment: Bajaj Finserv offers various loan options like Flexi Term Loan and Flexi Hybrid Loan, allowing you to repay at your own convenience.

A Bajaj Finserv business loan is a great choice for entrepreneurs looking for quick, flexible, and affordable funding to grow their business. With minimal documentation, fast approval, and competitive interest rates, Bajaj Finserv makes it easier than ever for businesses to access the capital they need.

Whether you're looking for a term loan, a Flexi loan, or funds for a specific business requirement, Bajaj Finserv provides tailored solutions to help you achieve your business goals.

Remember to check the official Bajaj Finserv website for the most up-to-date eligibility criteria, loan details, and interest rates to make an informed decision about your business loan application.

FAQs - Bajaj Finserv Business Loan