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Bajaj Finserve Business Loan
Bajaj Finserv has been offering business loans to its customers at lower interest rates with guaranteed loan approval in just 24 hours.
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Bajaj Finserve Business Loan
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Bajaj Finserve Business LoanHere are a few factors
| Location | PAN India |
| CIBIL Score | 700+ |
| Processing | Online |
| Business Vintage | 3 Year |
| Minimum Turnover | 1 Cr+ |
| Loan Amount & Tenure | 5 Lac-50 Lac( 12 month to 60 Month) |
| Loan Product | Term Loan & OD Product |
| Rate of Interest & Type | 17% to 20% (Reducing) |
| TAT | Sanction-1 Days, Disbursement-3 Days |
| Processing Fees | 1.75%-3% |
| Foreclosure Charges | 4% |
| Applicant Type | Any Self Employed Person |
| Whether Co-Applicant Mandatory | Yes if Applicant is Other than Proprietorship Firm or if applicant age is< 30 year |
| Proprietor Age/Co-Applicant Age | 24 Year- 65 Year(at the time of maturity) |
| Part Payment Allowed | No |
| Whether Ownership Proof Required | Either Office or Residence must be Own |
| Business Registration Proof Mandatory | Yes |
| Program | GST Program-35 Lac, ABB Program-30 Lac, Income Program-50 Lac |
| Product for Professionals | 1.MBBS
& MD-COP Base Product (ROI 12%to 14%), Chartered Accountant-COP base
Product (ROI 14% to 16%) |
| Negative Profile | Both SIde Rented, Jewellers, Share Traders, Gym,Hotel & Restaurent,Aviation Sector |
| USP | Sanction in 24 hours |
| Additional | 1.Minimum 51% Shareholding required on Loan if applicant is LLP/Partnership firm/Company 2. Textile industry,Civil Contractor, Coal Industry & Manpower Industry is catious profile |
Bajaj Finserve Business Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 17 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 9,120 |
| Total Interest | ₹ 9,446 |
| Loan Amount + Interest | ₹ 109,446 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,438 | ₹ 3,922 | ₹ 27,360 | ₹ 76,562 | 23.44 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,554 | ₹ 5,526 | ₹ 82,080 | ₹ 8 | 99.99 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents To Apply For Bajaj Finserv Business Loan
Documents Required
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Note : Bajaj Finserv Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
About Bajaj Finserv Business Loan
A business loan is a type of financial offering made by a bank to a customer for them to meet their planned or unplanned business needs and expenses. This is an unsecured loan that you can apply for without putting up any collateral. So, these days, Bajaj Finserv has been one of the great banks that has been offering business loans to its customers at lower interest rates. The most important benefit of availing of a business loan from Bajaj Finserv is that they give the loan approval in just 24 hours.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
Yes, submitting income tax documents increases the chances of getting loan approval and even getting a higher loan amount.
The minimum CIBIL score should be greater than 700.
Yes, if the customer does not require the loan anymore, he or she can cancel the loan application without any penalty fees by just visiting their nearest bank branch.
You can visit the Bajaj Finserv website and check the status there.
Bajaj Finserv offers the following products for both salaried and self-employed individuals: Flexi loans Working capital finance Doctors' loans
A business loan is a certain amount borrowed from any lender for the purpose of starting or expanding a business.
The minimum ROI of a Bajaj Finserv Business Loan is 17% per annum
The maximum ROI of a Bajaj Finserv Business Loan is 20% per annum
The highest loan amount you can avail with a Bajaj Finserv Business Loan is Rs. 50 Lacs
The minimum loan amount you can avail of with a Bajaj Finserv Business Loan is Rs. 5 Lacs.
The processing fee for the Bajaj Finserv Business Loan is between 1.75% to 3% of your loan amount.
The minimum repayment tenure of a Bajaj Finserv Business Loan is 12 months.
The maximum repayment tenure of Bajaj Finserv Business Loan is 60 months.
Yes, you can apply for a Bajaj Finserv Business Loan anywhere from India as it holds PAN India access.
The required minimum business turnover to apply for a Bajaj Finserv Business Loan is Rs. 1 crore
To apply for Bajaj Finserv Business Loan your Minimum CIBIL score must be 700
No, to apply for a Bajaj Finserv Business Loan your Minimum CIBIL score must be 700.
Yes, to apply for the Bajaj Finserv Business Loan your Minimum CIBIL score must be 700
You can go to the official website of Bajaj Finserv or you can also switch to ReferLoan for an easy and smooth loan application process.
The acceptance of a low cibil score for Bajaj Finserv Business Loan differs from case to case.
The minimum required age to apply for a Bajaj Finserv Business Loan is 24
The maximum required age to apply for a Bajaj Finserv Business Loan is 65
Yes, the applicant must provide a PAN India-owned office or residence ownership proof, to apply for a Bajaj Finserv Business Loan.
Yes, Bajaj Finserv does offer an OD Limit on small-segment Business Loans.
If you are planning to apply for a Bajaj Finserv Business Loan, your business’s minimum vintage must be 3 years.
Any Self-employed individual can apply for a Bajaj Finserv Business Loan
Yes, it is mandatory to provide a Co-applicant to apply for a Bajaj Finserv Business Loan.
Yes, it is mandatory to provide Business Registration Proof to apply for a Bajaj Finserv Business Loan if the Applicant is Other than a Proprietorship Firm or if the applicant's age is less than 30 year
No, you can’t apply for a Bajaj Finserv Business Loan if you have a business related to the gym.
No, any business of Real Estate is considered a negative profile in Bajaj Finserv Business Loan.
No, any business related to Jewellery is considered a negative profile in the Bajaj Finserv Business Loan.
No, any business related to the Hotel and Restaurant Sector is considered a negative profile in the Bajaj Finserv Business Loan.
No, any business related to the Aviation Sector is considered a negative profile in the Bajaj Finserv Business Loan.
No, Advocacy is considered as an adverse profile in Bajaj Finserv Business Loan.
No, share traders are considered an adverse profile in Bajaj Finserv ( small segment ) Business Loan.
No, partial payment is not allowed in a Bajaj Finserv Business Loan.
The foreclosure charges on a Bajaj Finserv Business Loan is 4%
It is an unsecured loan so the applicant won’t need to provide any collateral.
No, Bajaj Finserv requires 51% shareholding on its small segment business loan if the applicant is an LLP/Partnership firm/Company.
Bajaj Finserv takes 3 days for the disbursement of a personal loan
Bajaj Finserv takes 1 day for the confirmation of a personal loan
Yes, you can apply for a Bajaj Finserv Business Loan online
The customer care number of Bajaj Finserv is +91 8698010101
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