Bajaj Finserv Business Loan

Bajaj Finserv Business Loan Interest Rate – 2022

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 Criteria

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:

Fee and Charges Applicable

Note: The above-mentioned fees and charges may change and shall depend on the sole discretion of Bajaj Finserv and RBI.

Bajaj Finserv Business Loan for Doctor

Note: The above-mentioned interest rates, fees, and charges are subject to change and depend on the sole discretion of Bajaj Finserv and RBI. GST and service tax shall be levied extra on the mentioned charges.

Bajaj Finserv Business Loan for CAs

Note: The above-mentioned interest rates, fees, and charges are subject to change and depend on the sole discretion of Bajaj Finserv and RBI. GST and service tax shall be levied extra on the mentioned charges.

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Business Loans for Women Entrepreneurs

Documents Required for Loan Application

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

• Duly filled application form with passport-sized photographs
• KYC Documents: PAN card, Driving License, Passport, Voter ID and Aadhar card.
• Business Proof: Documents related to business
• Business Incorporation Certificate
• Financial Documents: ITR, Bank Statement for past 3 months, balance sheet documents, cash flow statement.
• Certificate of practice (For professionals)
• Any other document required by Bajaj Finserv

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Flexible Prepayment Options

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.

Bajaj Finserv Business Loan Customer Care Number

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.

Customer Care Number: 8698010101 – Charges apply

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

You can also give a missed call on 8506889977 and subscribe to WhatsApp assistance

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

Compare Bajaj Finserv Business Loan Interest Rates with Other Banks & NBFCs

Note: The mentioned interest rates are subject to change and depend on the sole discretion of the bank, NBFC, SFB, MFI and RBI. Interest Rates are updated as on Nov 2021.

FAQs

Q. How much business loan amount can I avail from Bajaj Finserv?

Ans. The minimum and maximum loan amount that can be availed depends on business requirements and varies from individuals, MSMEs, and self-employed professionals. However, the maximum loan amount offers is up to Rs. 30 lakh.

Q. What is Flexi Business Loan in Bajaj Finserv? How does Bajaj Flexi loan work?

Ans. The Flexi loan is a type of loan that offers you the flexibility to withdraw from your loan limit and repay the amount as per your needs. For example your loan limit is Rs. 50 lakh and your cash requirement is Rs. 15 lakh, so you can withdraw it from your loan limit to repay it later into your bank account.

Q. How to Check Bajaj Finserv Loan Status?

Ans. For checking the loan status availed from Bajaj Finserv, you just need to follow these simple steps:

• Step 1: Visit the official website of Bajaj Finserv: https://www.bajajfinserv.in/
• Step 2: Navigate to the loan application tracker
• Step 3: Enter your application ID, loan ID or registered mobile number and click to ‘Submit’