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

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.

Bajaj Finance Business Loan @17% Interest Rates

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Updated: 28-06-2022 07:54:53 AM

Bajaj Finserv Business Loan Highlights – June 2022

Interest Rate	17% p.a. onwards
Processing Charges	Up to 2% of sanctioned loan amount + taxes
Loan Tenure	From 12 months to 60 months
Loan Amount	Max up to Rs. 45 Lakh
Collateral/Security/Guarantor	Not required
EMI Bounce Charges	Rs. 3,000 (Inclusive of taxes)
Interest & Principal statement charges	NIL
Prepayment Charges	2% + applicable taxes
Foreclosure Charges	4% + applicable charges

Bajaj Finserv offers collateral-free business loans for self-employed professionals, including Chartered Accountants (CAs), Doctors, Company Secretaries (CSs), and Architects. Business loans offered by the NBFC can also be availed by Startups, MSMEs, business owners, retailers, proprietors, traders and manufacturers, service providers, and several other business entities.

Apply for Business Loan @ 16% p.a. onwards Apply Now

Compare Business Loan Interest Rates offered by Top Banks/NBFCs

Bank/NBFCs	Interest Rate
HDFC Bank	10.00% – 22.50% p.a.	Apply Now
FlexiLoans	1% per month onwards	Apply Now
ZipLoan	1% – 1.5% per month (Flat ROI)	Apply Now
Axis Bank	14.25% – 18.50% p.a.	Apply Now
IDFC First Bank	14.50% onwards	Apply Now
Kotak Mahindra Bank	16% – 19.99% p.a.	Apply Now
Fullerton Finance	17% – 21% p.a.	Apply Now
Bajaj Finserv	17% p.a. onwards	Apply Now
RBL Bank	17.50% – 25% p.a.	Apply Now
ICICI Bank	18% p.a. onwards	Apply Now
Indifi Finance	1.5% per month onwards	Apply Now
Lendingkart Finance	1.5% – 2% per month	Apply Now
Tata Capital Finance	19% p.a. onwards	Apply Now
NeoGrowth Finance	19% – 24% p.a.	Apply Now
Hero FinCorp	Up to 26% p.a.	Apply Now

Eligibility Criteria

Eligibility factors	Eligibility criteria
Age of the Applicant	Minimum: 26 years and Maximum 66 years
Status of Employment	At least 3 years in the current business
ITR (Income Tax Returns)	For the past 1 year

Business Loans for Women Entrepreneurs

Bajaj Finserv offers business loans to women entrepreneurs for amounts up to Rs. 30 lakh to meet their urgent 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 applicant applies online.

To check the Bajaj Finserv business loan EMI click on the below button:

Calculate your Business Loan EMI

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Fee & Charges

Eligibility factors	Fee & Charges
Penal Charges	2% per month + applicable taxes
Pre-payment Charges	2% + applicable taxes
Document Processing Charges	Rs. 1449 + applicable taxes
Outstation collection charges	Rs. 65 + applicable charges
Service charges	NIL
Secure Fee	NIL
Stamp Duty	As per state or UT (% different)

Business Loan for Doctors

Features, Interest Rate, Features & Charges
Interest Rate	17% p.a. onwards
Loan Amount	Up to Rs. 25 lakh
Repayment Tenure	From 12 months to 96 months
Loan Disbursal Time	Within 24 hours
Collateral	Not required
Processing Fee	2% of the loan amount
EMI Bounce Charge	Rs. 1000 per instance
Penal Interest	2% per month
Part-payment Charges	NIL
Loan Statement Charges	NIL
Interest and principal statement charges	NIL

Eligibility Criteria for Doctors
Dentists (BDS/MDS)	Min. 5 years of post-qualification experience
Graduate Doctors (MBBS)	Min. 2 years of post-qualification experience
Super-specialist doctors (MS/MD/DM)	No min. post-qualification experience required
Ayurvedic and Homeopathic Doctors: BHMS/BAMS	Min. 6 years of post-qualification experience, and must own a house or clinic
Homeopathic Doctors: DHMS	Min. 15 years of post-qualification experience, and must own a house or clinic

Business Loan for CAs

Highlights – 2022
Interest Rate	17% p.a. onwards
Loan Amount	Up to Rs. 25 lakh
Repayment Tenure	From 12 months to 60 months
Loan Disbursal Time	Within 24 hours
Collateral	Not required
Certificate of Practice	Should be active for min. 4 years
Ownership of a house or office	At a location where Bajaj Finance Ltd. operates
Processing Fee	2% of the loan amount
EMI Bounce Charge	Rs. 1000 per instance
Penal Interest	1% per month
Part-payment Charges	NIL
Loan Statement Charges	NIL
Interest and principal statement charges	NIL

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Business Loans for Women Entrepreneurs

Interest Rate	Depends on business requirements
Maximum loan amount	Rs. 30 lakh
Repayment Tenure	From 12 months to 96 months
Collateral	Not required
Loan Approval	Within 24 hours
Documents required	Same as mentioned for SME or business loan

Documents Required

For the purpose of applying for a 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 the past 3 months, balance sheet documents, cash flow statement.
Certificate of practice (For professionals)
Any other document required by Bajaj Finserv

Get Business Loan upto Rs. 1 crore within 72 hours Apply Now

Customer Care

86980-10101 – 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

Now you can get instant access of your account by just downloading their Mobile app from Play Store or can also write an email to wecare@bajajfinserv.in. You can also avail their Quick Help SMS facility to address your queries.

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

FAQs

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

Ans. The minimum and maximum loan amount that can be availed depends on business requirements and varies among individuals, MSMEs, and self-employed professionals. However, the maximum loan amount offers is up to Rs. 45 lakh.

Q. What is Flexi Business Loan in Bajaj Finserv? How does the 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’

Bajaj Finserv Business Loan

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Bajaj Finserv Business Loan Highlights – June 2022