Bajaj Finserv Business Loan

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No Collateral Required
Loans Up to 1 Crore
Hassle-free Disbursal
Doorstep Service
Unbiased Experts Advice

Bajaj Finserv Business Loan Key Features

Bajaj Finserv Interest Rate 18%
Tenure From 12 months to 48 months
Lowest EMI per lakh ₹ 2,938
Loan Amount Min ₹ 5 Lakh and Max ₹ 30 Lakh
Part Prepayment, Charges Allowed after 1 EMI’s, 2%
Early Foreclosure, Charges Allowed after 1 EMI’s, 4%
Bajaj Finserv Processing Charges Up to 2% of the loan amount
Prepayment Charges Nil
Repayment Period Secured Term /Demand loan repayable in a maximum of 7 years
Prepayment Condition No pre-payment permitted until repayment of 6 EMIs
Collateral Equitable mortgage of land/building, Term Deposit, LIC policy, National Savings Certificates

Interest Rate, Fees, and Charges (Self Employed Non-Professional)

Facility Charges
Interest Rate Charges 18%
Loan Processing Charges 2% of the loan amount + GST as applicable
Prepayment No pre-payment permitted until repayment of 6 EMIs
No Due Certificate / No Objection Certificate (NOC) NIL
Duplicate no due certificate / NOC NIL
Solvency Certificate Not applicable
Charges for late payment of EMI @ 24%  p.a.
Charges for changing from fixed to floating rate of interest Not applicable
Charges for changing from floating to a fixed rate of interest Not applicable
Stamp Duty & other statutory charges As per applicable laws of the state
Credit assessment charges Not applicable
Nonstandard repayment charges Not applicable
Cheque swapping charges ₹ 500/-
Amortization Schedule charges ₹ 200/-
Loan cancellation charges NIL (However Interest would be charged for the interim period between the date of loan disbursement and date of loan cancellation and processing fees would be retained)
Cheque Bounce Charges ₹ 550/- per cheque bounce
Legal / incidental charges At actual
CIBIL Report Copy Charges ₹ 50 Per Copy

Interest Rate, Fees, and Charges (Self Employed Professional)


Advantages of Bajaj Finserv Business Loan

Bajaj Finserv provides its customers with customized products so that it fits the requirements of their specific customer segments. Bajaj Finserv also offers:

  1. No interference by the bank with how the applicant’s business is running.
    Bajaj Finserv Business Loan
  2. Unlimited free ATM transactions at Tamilnad Mercantile Bank and another bank VISA ATMs in India.
  3. No charges on NEFT/RTGS transactions and demand drafts.
  4. Convenient and easy to access funds once the loan gets approved.
  5. Reimbursement account – a separate current account for seamless reimbursement management.
  6. Staff assisted the digital account opening with Instant Welcome Packs (IWP).
  7. Reasonable interest rates to applicants with a rich relationship with the bank.
  8. Preferential rates on Personal and Home Loans.

Bajaj Finserv Business Loan Eligibility Criteria

Eligibility Criteria Description
Age 25 to 65 years
Minimum Turnover ₹ 12 Lakh
Business Existence (in months) 36 months
ITR (months) 6 months
Loan Amount ₹ 2 Lakh to ₹ 30 Lakhs
Loan Tenure 48 months
Owned House or Place of Work Not Required
CIBIL Score 750 and above

Bajaj Finserv Business Loan Documents Required

Common Documents:

  • Copy of  Bank Statement
  • Latest ITR and statement of computation of Income for the last 2 yrs.
  • Proof of continuity of business
  • Other Mandatory Documents that are Sole Proprietorship Declaration, Certified copy of Memorandum & Articles of Association certified by a director
  • Original Board resolution
  •  Financials audited/ certified  by a CA
  • Valid Proof for Identity: Passport / Ration card / Electricity Bill/ Lease agreement  / Sales Tax certificate/Trade licence / Voter ID card / Passport / Driving License/ PAN Card and MAPIN card
  •  Residence Proof: Lease agreement/ Electricity Bill / Passport / Trade license / Sales Tax Certificate
  • Age Proof: Passport / PAN card / Voter’s identity card
  • Financial Documents: Copy of IT returns for the last two years and the latest Bank statements for 6 months along with the Profit and Loss balance sheet for the last two years audited by a C.A.

* (If Pvt ltd Co. Then Partnership Authorization Letter/ co-borrower if partnership firm just a co-borrower

Self Employed (Private Ltd. Co. and Partnership Firms)

  • Identity proof of the company: PAN ID /VAT /Service tax / Sales tax /Excise registration, / IT return of the concern/ Electricity bill /Water bill/ Registration under Shops and Establishment Act/Municipal tax bill in the name of the concern, Articles of Association and Memorandum
  • Proof of identity: To be submitted with two authorized signatories such as 2 Directors including the managing director, with (any one of the following): PAN card, Voter’s identity card, Passport, and Driving license
  • Financial Documents: Copies of IT returns for the last two years and Profit and Loss balance sheet for the last two years audited by a C.A

Self Employed Individuals – Professionals

  •  Identity Proof for Sole Proprietorship: PAN ID / IT return of the concern or Municipal tax, Water bill, and electricity bill in the name of the concern.
  • Identity proof for the Sole Proprietor: Passport, Voter’s identity card, Driving license, PAN card.
  • Address Proof for the Sole Proprietor: Driving license, Voter’s identity card, Ration card, Passport
  • Financial Documents: Copies of IT returns for the last two years and Bank statements for the last 6 months along with the Profit and Loss balance sheet for the last two years audited by a C.A

Self Employed Individuals – Non Professionals:

  • Identity proof: Documents to be submitted for the sole proprietorship as well as for the individual’s (owner) identity.
  • Copy of periodic stock, age-wise book-debt and creditors-statement for latest three months
  • Copy of bank statement of main banker/copy of bank statement for the term loan for last  months
  • Financial Documents: Profit and Loss balance sheet for the last two years audited by a C.A, Sales tax returns for a minimum of 3 years, and the Copies of IT returns for the last three years.

Business Loan EMI Calculator for Bajaj Finserv

The following is the EMI calculated table for Bajaj Finserv Business loan:

Loan Amount 10 Year Loan 15 Year Loan 25 Year Loan
₹ 20 Lakh ₹ 24,958 ₹ 19,871 ₹ 16,307
₹ 30 Lakh ₹ 37,437 ₹ 29,807 ₹ 24,461

Calculate EMIs with the help of Dialabank’s fast and accurate EMI Calculator!

Compare Bajaj Finserv Business Loan With Other Banks

Particulars Bajaj Finserv Allahabad Bank 
Interest Rate 18% 14.50%
Processing Fee 1.5%, Min Rs. 500 Rs. 229 – per lac, Min Rs. 2,038 Max Rs. 22,928
Tenure From 12 months to 48 months From 12 months to 84 months
Lowest EMI per lakh ₹ 2,938 ₹ 1,902
Loan Amount Min ₹ 2 Lakh and Max ₹ 30 Lakhs Min ₹ 1 Lakh and Max ₹ 20 Lakh

More Banks to compare with Bajaj Finserv Business Loan:

Barclays Bank Canara Bank ICICI Bank ING Vysya Bank
HSBC Citibank Kotak Mahindra Bank

Video: How to apply for Bajaj Finserv Business Loan


Purpose of Business Loan from Bajaj Finserv

Availing a Business Loan from Bajaj Finserv can cover and help with:

  • Maintaining a healthy cash flow to make payments to the suppliers on time.
  • Instant availability of liquidity to finance the everyday needs of the business.
  • The loan amount can be used to cover up all the expenses related to business expansion.
  • Covers cost of buying new or upgrading machinery or equipment.
  • Covers cost of purchasing new inventories.

EMIs of Several Banks and NBFCs for Different Tenures

The following table shows the approximate values of EMI’s offered by banks and NBFC’s other than Bajaj Finserv

Total Loan Amount Loan Tenure
Loan Amount (Rs.) 10 years 15 years 25 years
2,500,000 ₹ 31,197 ₹ 24,839 20,384
5,000,000 ₹ 62,395 ₹ 49,678 40,768
7,500,000 ₹ 93,592 ₹ 74,516 61,152
10,000,000 ₹ 1.25 Lakh ₹ 99,355 81,536

Other Loan Products from Bajaj Finserv

Personal Loan Gold Loan

Why should you apply for Bajaj Finserv Business Loan at Dialabank?

DialaBank is India’s first online banking helpline service. It works as a bridge between you and your preferred bank choice by minimizing the complex paperwork and application process. Sorting out the best offer as per your requirements is Dialabank’s main master card as it has successfully delivered all the promised terms to all its customers without any fails.

Dialabank has been approved by its own customers and other authorized bodies and that is why it is placed on the top of its competitor’s leaderboard.

Know more about Dialabank by visiting us online or by calling on 9878981166.

How to calculate EMI for Bajaj Finserv Business Loan?

Table Showing EMI, Interest Outgo, and Total Repayment Amount

₹ 3,00,000 14.10% 1 ₹ 26,555 ₹ 18,661 ₹ 3,18,661
₹ 3,00,000 14.10% 2 ₹ 14,023 ₹ 36,547 ₹ 3,36,547
₹ 3,00,000 14.10% 3 ₹ 9863 ₹ 55,063 ₹ 3,55,063
₹ 3,00,000 14.10% 4 ₹ 7796 ₹ 74,207 ₹ 3,74,207
₹ 3,00,000 14.10% 5 ₹ 6566 ₹ 93,972 ₹ 3,93,972

You can also calculate the specific loan amount EMIs on Dialabank’s EMI Calculator.

Benefits of Bajaj Finserv Business Loan

Bajaj Finserv offers Business loans to self-employed and businessmen for financing the expansion or working capital requirements of their business. There are many benefits of availing loan from the Bajaj Finserv:

  • Dropline Overdraft to save interest.
  • High loan amount up to Rs. 75 Lakh.
  • No collateral or guarantor required.
  • The balance transfer option available.
  • Flexible tenure and easy process.
  • Fast Approvals and disbursals.
  • Low and flexible interest rates.
  • Simple and minimum paperwork required.

Bajaj Finserv Business Loan Processing Time

For loan applications for Commercial Banking customers, the Bank will take 30 working days to communicate the decision, once all the information required by the Bank is appropriately submitted by the customer.

Bajaj Finserv Business Loan Preclosure

Bajaj Finserv’s Business Loan Preclosure charges are 1% Loan amount at the time of the disbursals’.

Pre Calculated EMI Table for Bajaj Finserv Business Loan

The Loan EMI in Bajaj Finserv depends upon the occupation (businessmen, self-employed, salaried), loan amount, loan tenure, and interest rate.

Loan Amount 5 Year Loan 7 Year Loan 15 Year Loan
₹ 20 Lakh ₹ 42,298 ₹ 32,996 ₹ 21,248
₹ 30 Lakh ₹ 63,446 ₹ 49,494 ₹ 31,872

How to Apply for Bajaj Finserv Business Loan Online?

  1. Visit Dialabank.
  2. Go to the loan section and click on the Business Loan link.
  3. Check the eligibility criteria for the Business loan offered by Bajaj Finserv and fill a user-friendly online application form for Business Loan.
  4. One of our relationship managers will soon get in touch with you for further process
  5. For more information and free guidance, you may call on +919878981166.

Bajaj Finserv Business Loan Status

You can find the loan status by Calling at +919878981166 or by visiting the Main Bajaj Finserv Site.

Dialabank Bajaj Finserv Business Loan Customer Care Number

To find the solution to your queries regarding a business loan, give a call at +919878981166

Dialabank helps you to find the best option of Banks and NBFCs by providing you with a detailed market comparison of different banks so that you can make the right choice.

Bajaj Finserv Business Loan FAQs

✅ Is a guarantor required for the Bajaj Finserv Business Loan?

No form of security is required while applying for Bajaj Finserv’s Business Loan.

 How do I repay my business loan?

It should be repaid through EMIs via standing instructions and post-dated cheque.

What are the minimum and maximum tenure of business loans in Bajaj Finserv?

These loans are shorter tenure loans. You can repay your loan in a flexible period of a minimum of 12 months to a maximum of 84 months.

How much business loan amount I can borrow from Bajaj Finserv?

Bajaj Finserv offers you a loan if you need a minimum amount of ₹ 50,000 to a maximum amount of ₹ 75 Lakh.