Bajaj Finserv Business Loan Interest Rate – 2021
|Interest Rate||17% onwards|
|Processing Charges||Up to 2% of loan amount + taxes|
|Loan Tenure||From 12 months – 60 months|
|Loan Amount||Max up to Rs. 45 Lakh|
|EMI Bounce Charges||Rs. 3,000 (Inclusive of taxes)|
|Interest & Principal statement charges||NIL|
|Prepayment Charges||2% + applicable taxes|
|Foreclosure Charges||4% + applicable charges|
Note: The above-mentioned interest rate, fees, and charges may change and shall depend on the sole discretion of Bajaj Finserv and RBI.
Bajaj Finserv is among the leading NBFCs that offer business loans at an interest rate of 17% onwards for undertaking various business activities, such as expansion in the new markets, acquisition of other companies, buying high-value assets, and equipment for production purposes, working capital requirements, etc.
Bajaj Finserv offers business loans specially designed for self-employed professionals, including chartered accountants, doctors, company secretaries, and architects. Business loans are also offered to retailers, proprietors, traders and manufacturers, service providers, etc. Business loans offered by Bajaj Finserv come with the following features:
- Business Loan amount up to Rs. 45 lakh can be taken without any collateral, security, or guarantor
- Bajaj Finserv provides upfront information about the related fees and charges
- Ensures that transparency is maintained and no hidden clauses are involved
Apply for Business Loan @ 14.99% onwards per annum Apply Now
|Eligibility factors||Eligibility criteria|
|Age of the Applicant||Minimum: 26 yrs. Maximum: 66 yrs.|
|Status of Employment||At least 3 years in the current business|
|ITR (Income Tax Returns)||For the past 1 year|
Bajaj Finserv offers business loans to women entrepreneurs for amounts up to Rs. 20 lakh to meet their financial requirements. It also offers machinery loans for businessmen to install or upgrade to the latest machinery and equipment. Pre-approved business loans are also available if the customer applies online.
To check the Bajaj Finserv business loan EMI click on the below button: