Check Eligibility For Bajaj Finserv Bussiness loan

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Bajaj Finserv Business Loan

Bajaj Finserv Business Loans offer competitive interest rates, high-value loans up to Rs 80 lakh, and flexible tenures up to 12 years. Bajaj Finserv Business Loans are designed for eligible Indian businesses seeking cost-effective financial solutions.

Types of Bajaj Finserv Business Loans

Here are the different types of Bajaj Finserv business loans, along with a brief explanation of each:

Working capital loans: These loans are designed to help businesses meet their short-term cash flow needs. They can be used to cover expenses such as inventory, wages, and rent.
Term loans: These loans are designed to help businesses finance long-term assets, such as equipment or property. They typically have a longer repayment period than working capital loans.
Equipment loans: These loans are specifically designed to finance the purchase of equipment. They can be used to purchase new equipment or to upgrade existing equipment.
Inventory loans: These loans are specifically designed to finance the purchase of inventory. They can be used to purchase new inventory or to replenish existing inventory.
Business expansion loans: These loans are designed to help businesses expand their operations. They can be used to finance the purchase of new equipment, the opening of new locations, or the development of new products or services.

Here is a table summarizing the different types of Bajaj Finserv business loans:

Type of Bajaj Finserv Business Loan
Type of loan	Purpose	Eligibility requirements
Working capital loan	Meet short-term cash flow needs	Minimum business turnover of Rs. 1 lakh per annum
Term loan	Finance long-term assets	Minimum business turnover of Rs. 2 lakh per annum
Equipment loan	Finance the purchase of equipment	Minimum business turnover of Rs. 5 lakh per annum
Inventory loan	Finance the purchase of inventory	Minimum business turnover of Rs. 1 lakh per annum
Business expansion loan	Expand business operations	Minimum business turnover of Rs. 5 lakh per annum

Bajaj Finserv Business Loan Interest Rate & Charges

Description	Fees & Charges
Rate of Interest	9.75% to 30%
Loan Amount	Upto Rs 80 Lakh
Loan Tenure	Up to 12 Years
Processing Fee	Upto 3.54% of the Loan amount (inclusive of taxes)
Document Processing Fee	Upto Rs 2360 ( Inclusive of taxes)
Bounce Charges	Rs 1500 per bounce
Prepayment Charges	Upto 4.75% (inclusive of taxes)

Eligibility Criteria for Each Loan Type

working capital loan

Age: Minimum 21 years
Business vintage: Minimum 1 year
CIBIL score: Minimum 685
Minimum business turnover: Rs. 1 lakh per annum

Term loan

Age: Minimum 21 years
Business vintage: Minimum 3 years
CIBIL score: Minimum 700
Minimum business turnover: Rs. 2 lakh per annum

Equipment loan

Age: Minimum 21 years
Business vintage: Minimum 3 years
CIBIL score: Minimum 700
Minimum business turnover: Rs. 5 lakh per annum

Inventory loan

Age: Minimum 21 years
Business vintage: Minimum 1 year
CIBIL score: Minimum 685
Minimum business turnover: Rs. 1 lakh per annum

Business expansion loan

Age: Minimum 21 years
Business vintage: Minimum 3 years
CIBIL score: Minimum 700
Minimum business turnover: Rs. 5 lakh per annum

Specific requirements for specialized loans

In addition to the general eligibility criteria, there are also some specific requirements for certain types of Bajaj Finserv business loans. For example, the equipment loan requires that the equipment you are purchasing is new and that it be used for business purposes. The inventory loan requires that you have a minimum inventory value of Rs. 5 lakh. And the business expansion loan requires that you have a business plan that details how you will use the loan proceeds to expand your business.

Documentation Required for Each Loan Type

KYC documents

PAN card
Aadhaar card
Voter ID card
Driving license
Passport

Business ownership proof

Business registration certificate
Partnership deed (if applicable)
Memorandum of association and articles of association (if applicable)

Financial documents

Latest 6 months' bank statements
Latest income tax returns
Profit and loss statement
Balance sheet