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