Bajaj Finserv Business Loan – Eligibility & EMI Calculator- 2017

Business Loan

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

Particulars Details
Rate of Interest14% p.a – 20% p.a
Loan AmountUp to Rs. 30,00,000
Tenure12 months to 48 months
Type Of LoanCollateral free
Processing Fee2% of the loan amount
EMI Bounce ChargesRs. 1,000
Penal Interest2% per month
Foreclosure Charges4% of the outstanding amount plus taxes
Part prepayment Charges2% of the part payment amount plus taxes
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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

  • 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

  • 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  Union Bank Of India Business Loan - Interest Rate 2017

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 .