Bajaj Finserv Business Loan

Note: The facts and figures provided above are illustrative and subject to periodic change

Bajaj Finserv offers business loans to women entrepreneurs for amount upto Rs. 30 lakhs to meet their financial requirements. It also offers machinery loans for businessmen to install or upgrade to latest machinery and equipment.  Pre-approved business loans are also available if the customer applies online.

For the purpose of applying business loan from Bajaj Finserv, the applicant will have to provide the following documents:

• Passport Size Photographs
• KYC Documents: PAN card, Driving License, Passport, Voter ID and Aadhar card.
• Business Proof: Documents related to business
• Financial Documents: ITR, Bank Statement for past 3 months, balance sheet documents, cash flow statement.
• Certificate of practice (For professionals)

Loan for business purpose are provided in the following categories:

• Business loan to CA/Doctors/Engineers: Loans to professionals like CAs, doctors or engineers are provided so that they can build their business and contribute to the growth and welfare of the economy. For doctors and engineers, a loan up to Rs.30 lakhs can be availed without providing any collateral, security and guarantor.
• Business loan to SME: Small and Medium Enterprise loans are provided specifically to the business owners of SMEs to offer them encouragement and ease in dealing with the business activities. The SME loans are not one-size-fits-all concept and are specially designed keeping the borrower and his needs in mind. You can also apply loan online by providing the requisite information and financial figures. The customer care will then contact you.
• Business loans against securities i.e. shares: Bajaj Finserv offers loan up to a maximum of Rs. 10 crores which is the highest amount of loan offered against shares in India. The borrower has to pledge his/her shares with Bajaj Finserv. The benefit of this loan is that the borrower is not required to sell his/her shares and he can continue doing his business along with protecting his portfolio of shares.
• Business loan against property: In business loan against property, the borrower pledges his property to avail a loan. The documents related to the ownership of the property are provided to the bank. This loan offers a unique facility which is called the flexi saver facility. It is a combination of credit line facility and term loan with the aim of saving interest and effective management of cash flow.

Baja Finserv offers flexible prepayment options which enable the borrower to deposit idle cash lying with him. This idle cash is settled against the principal amount as and when received by Bajaj Finserv.

Flexi Loan Account

Once the loan is approved, the borrower will have to repay it within a certain stipulated time frame. Flexi loan accounts are like overdraft facility wherein one may down-draw or deposit against the loan account and can make multiple withdrawals provided it is within the credit limit offered. Purpose of this facility is to ensure better management of business and to provide flexibility to the borrower.

Flexible EMI Payment Options

EMI can be paid through cheque mode or ECS system. In cheque mode of payment, the borrower will have to provide post-dated cheques upfront to Bajaj Finserv. However, ECS mode is preferred by borrowers these days as it debits the amount of EMI as and when the due date approaches. The borrower will have to submit requisite documents and application form to the bank for activating the ECS facility.

Now you can get instant access of your account by just downloading their Mobile app from Play Store or can also write email to wecare@bajajfinserv.in. You can also avail their Quick Help SMS facility to address your queries. You can also give a missed call on +91-98108 52222 to receive a call back from their customer service team.

SMS HELP to +91-92275 64444 – To get information on your loan account

Customer care No: 020 3957 5152 (charges apply)

Grievance Redressal No: 020-71177266 email: grievanceredressalteam@bajajfinserv.in