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Bajaj Finserv Business Loan

Updated on April 20, 2024 , 14078 views

Bajaj Finserv is amongst one of the best NBFCs for Offering lucrative Business loans at lucrative interest rates –starting from 18 percent onwards. The business loans undertaken by Bajaj Finserv can be utilized for carrying out a myriad of activities –right from the expansion of the business into the given Market to acquiring other companies, purchasing high-value equipment and assets for Manufacturing processes, working Capital requirements, and so more.

Bajaj Finserv is known to offer Bajaj business loans that are specifically aimed at self-employed professionals –including company secretaries, chartered accountants, architects, doctors, and so more. Business loans are also known to be offered to manufacturers, traders, retailers, proprietors, service providers, and so more.

Bajaj Finance Business Loan Interest Rate 2024

The business loans that are offered by Bajaj Finserv business are known to present following features:

  • Business loan amount of around Rs. 20 Lakhs without any guarantor, Collateral, or security
  • Provision of upfront information about the related charges or fees
  • Ensuring that overall transparency is maintained and there are no hidden costs
Loan Particulars Details
Interest Rates 18% per annum onwards
Processing Charges Up to 2% of loan amount + Taxes
Loan Tenure Min 1 Year - Max 5 Years
Loan Amount Max upto Rs. 20 Lakh
EMI Bonus Charges Rs. 3000 (with taxes)
Interest & Principal statement Charges NIL
Prepayment Charges 2% + applicable taxes
Foreclosure Charges 4% + applicable charges

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Business Loans by Bajaj Finserv for Women

Bajaj Finserv is also known to provide business loan facilities for women entrepreneurs. It amounts to around Rs. 20 Lakh for meeting the specific financial requirements. At the same time, it can also be availed for machinery loans for enterprises for installing or upgrading to the latest equipment and machinery.

If the customer is applying online, there is the provision of pre-approved business loans as well.

Loan Particulars Details
Interest Rate Would depend on the specific business requirements
Tenure for Loan Repayment From 12 months to 96 months
Loan Amount Up to Rs. 20 Lakh
Loan Approval Within 24 hours
Collateral No requirement
Documents Same for the business or SME loan

Documents Required for the Loan

If you wish to apply for the business loan from Bajaj Finserv, you will be required to present the following documents for completing the Bajaj Finance loan process:

  • Passport size photographs
  • Financial documents including Bank statement for previous three months, ITR, cash flow statement, Balance Sheet documents
  • KYC documents –driving license, PAN Card, Aadhar Card, Voter ID, passport
  • Certificate of practice –for professionals

How to Apply for Business Loan?

  • Fill up the online application form for Bajaj Finserv business loan
  • Submit the relevant documents for completing the application process
  • Get the loan amount within 24 hours

Eligibility

  • The application should be between the age Range of 25 & 55 years
  • Applicant should be the owner of the business for at least 3 years
  • income tax should be filed for at least one year

Features

  • Affordable large capital
  • Flexi loan Facility
  • Hassle-free unsecured loans
  • Loan amount of around 20 Lakh INR
  • No collateral
  • Online account access

Bajaj Business Loans to Different Segments

The loans provided for businesses by Bajaj Finserv are categorized into different types, such as:

1. Business Loans for Engineers, Doctors, and CAs

Loans for business professionals like engineers, doctors, and CAs are provided by Bajaj Finserv for allowing them to build the respective businesses while contributing to the overall welfare & growth of the Economy. For engineers and doctors, a loan amount of around Rs. 25 Lakh could be availed with the provision of any guarantor, collateral, or security.

2. Business Loans for SMEs

SMEs or Small & Medium Enterprises business loans are offered particularly to business owners of the respective SMEs for providing them encouragement as well as the overall ease of dealing with the given business activities. The business loans for SMEs do not fall under the one-size-fits-all concept. These are especially designed by keeping the borrower and the specific requirements in mind. You can also look forward to applying the given loan online by offering specific information as well as financial figures. The customer care team is then responsible for contacting you.

3. Business Loans Against Shares or Securities

Baja Finserv is known to offer loans around Rs. 10 Lakh –highest loan amount that is provided against shares in the country. In the given case, the borrower is expected to pledge the respective shares with Bajaj Finserv. One of the major benefit offered by the given type of loan is there is no requirement for the borrower to sell the respective shares. The borrower can continue doing the respective business in addition to the protection of the Portfolio of the shares.

4. Business Loans Against Property

In the given type of loan, the borrower is expected to pledge the respective property for availing the loan. The documents that are related to the ownership of the property are offered to Bajaj Finserv. The given type of loan is known to provide a specific facility –referred to as the flexi saver facility. It can be regarded as the amalgamation of credit line facility & term loan with the intent of saving interest and ensuring effective cash flow management.

Bajaj Finserv Customer Care

You can look forward to getting instant access to the account by only downloading the respective mobile app from the Play Store. Alternatively, you can also consider sending an email to wecare[@]bajajfinserv[dot]in. You might even look forward to availing the Quick Help SMS facility for addressing your specific queries. You can also give a missed Call at +91 -98108 52222 for receiving a call back from the respective customer care team.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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