Bajaj Finserv Business Loan

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Business Loan

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    At times we require funds to expand our business or increase our working capital. This requirement can be met by availing the business loan from Bajaj Finserv Financial Institution. The institution provides loan for the highest value of Rs. 30 lakhs. The loan tenure lasts up to 48 months and repayment can be done through ECS. The loans are available at the fixed rate of interest that are decided by the product dealer.

    Bajaj Finserv Business Loan Details

    How To Apply

    The candidates willing to avail the business loan product from Bajaj Finserv can apply through following channels :

    • Visit the branch office in the nearest location
    • Apply online
    • Send an SMS on 9773633633

    Bajaj Finserv Business Loan EMI Calculator

    Make EMI calculation quick and simple using the EMI calculator. Just insert the loan amount, tenure and rate of interest in the calculator and get the desired result.

    For Example, If you are interested in taking a loan of Rs. 30,00,000 at the rate of interest ranging from 14% p.a- 20% p.a for the period of 48 months  (4 years), insert the values in the calculator. The calculator will compute the monthly installment amount which will range from Rs. 81,979 – Rs. 91,291

    Particulars Details
    Loan AmountRs. 30,00,000
    Tenure48 months
    Rate Of Interest14% - 20%
    EMIRs. 81,979 - Rs. 91,291

    Table Showing EMI, Total Interest Amount and Total Outgo

    AmountRate of InterestYearEMITotal Interest AmountTotal Amount (Principal +Interest )
    Rs. 30,00,00014% p.a – 20% p.a1 yearRs. 2,69,361 - Rs. 2,77,904Rs. 2,32,336 - Rs. 3,34,842Rs. 32,32,336 - Rs. 33,34,842
    Rs. 30,00,00014% p.a – 20% p.a2 yearsRs. 1,44,039 - Rs. 1,52,687Rs. 4,56,928 - Rs. 6,64,498Rs. 34,56,928 - Rs. 36,64,498
    Rs. 30,00,00014% p.a – 20% p.a3 yearsRs. 1,02,533 - Rs. 1,11,491Rs. 6,91,184 - Rs. 10,13,667Rs. 36,91,184 - Rs. 40,13,667
    Rs. 30,00,00014% p.a – 20% p.a4 yearsRs. 81,979 - Rs. 91,291Rs. 9,35,013 - Rs. 13,81,972Rs. 39,35,013 - Rs. 43,81,972

    Amortization Table

    Features And Benefits

    Following are the features and benefits

    • No guarantors or collateral required
    • Highest loan available up to Rs.30,00,000
    • Attractive rate of interest
    • Flexible tenure ranging up to 48 months

    Bajaj Finserv Business Loan Eligibility Criteria

    Category Sub- Category
    Self Employed Professionals (SEP)- Allopathic doctors
    - Chartered accountants
    - Company secretaries
    - Architects who are practicing their profession
    (Proof of qualification to be documented)
    Self Employed Non- Professionals (SENP) - Traders
    - Manufacturers
    Entities - Partnerships
    - Limited Liability Partnership Private Limited
    - Closely held Limited companies

    Bajaj Finserv Business Loan Application Form

    The facility of online application is provided for the customer’s convenience. The customer can submit the details by registering online. Basic details such as personal details, financial details and loan details are required to register online. If, you are uncomfortable registering online visit the nearest bank branch.

    Documents Required

    You are required to attach the copy of the following documents in order to avail the loan.

    • Application form
    • 1 Photograph of Co-Applicant
    • Income Details: IT returns, Balance sheet & P/L account statement for the last 2 years with Annexure, Form 16 A
    • Bank account statements for the last 3 months
    • KYC documents of Co-applicant
    • Business vintage for 5 years
    • Business proof: Certificate of practice

    Factors Affecting Business Loan Eligibility

    • Loan Repayment track
    • Credit Performance / Credit Bureau Update
    • Debt servicing ability of the customer
    • Business Vintage
    • Financial Ratios
    • Existing relationship

    Bajaj Finserv Business Loan Interest Rate

    The rate of interest is fixed and remain the same throughout the loan tenure. However, the rates vary from applicant to applicant depending on their nature of business, annual turnover and financial position. To know your personalised rate of interest contact the assigned authority or call at customer care number .

    Must Read  Oriental Bank Of Commerce Business Loan

    Bajaj Finserv Customer Care Number

    Call on the customer care number to clear all product related queries. The service providers will update you with the latest information regarding the product. The customer care number is 020 3957 4151 .