Bajaj Finserv Business Loan

Features and Benefits – Bajaj Finserv Business Loan

We deploy technology and apply innovation to create unique and compelling propositions that help you do what you always wanted to do. Hereunder are a host of unique features and benefits that you enjoy with Business Loans from Bajaj Finserv Lending. Most of these features are industry firsts and come only with our portfolio of offerings. Read on to know more:

Loans up to 45 lacs

We offer the highest ticket size of up to 45 lacs as Business Loan so that you can pursue your ambitions for your business. This is the highest ticket size that anyone offers in this category.

No Guarantors. No Collateral

You don’t need to provide any Guarantors or give any collateral to avail  our Business Loans.

Prompt Repayment Benefit

Get rewarded for keeping your commitments. Enjoy the exclusive Prompt Repayment benefit for paying your EMIs on time. If you clear your first 12 EMIs without any delays, you will get 1% of the annualized interest amount paid back to you.

This facility will be available for the entire period of your loan tenor and will be paid at the end of every 12 months, subject to your EMIs paid on time.

Part Prepayment facility

You can prepay upto 6 times in a calendar year at any interval with the minimum amount per prepay transaction being not less than 3 EMIs. There is no limit on the maximum amount. This is subject to your clearing your first EMI.

Nil Foreclosure charges

Now you can choose to foreclose your loan anytime during your loan tenor without paying any foreclosure charges.

Preapproved Offers

As an existing customer, you get exclusive preapproved offers from time to time.

Online Account Access

Get all information about your loan like repayment track, interest certificate, payment schedule etc through our digital customer portal. Just log in with your loan account number and access whatever information you want about your loan.

Eligibility

You could avail our Business Loan if you are any one of the following:

Limited or Private Limited companies

Partnership or Proprietorship Firm

Chartered Accountan

Fees and Charges

Charges Applicable

Processing Fees 2% of the loan amount will be deducted at the time of disbursal of approved loan amount

EMI bounce charges Rs 1000 will be charged in the subsequent month for every bounce

Penal Interest 2.00% p.m. overdue charges will be levied basis 360 days per year

Foreclosure Charges * NIL

* Applicable following 1st EMI clearance

 

What all locations is this available in?

You can avail of a Business Loan from Bajaj Finserv Lending at any of the following 33 cities

Delhi

Kolkata

Ahmedabad

Mumbai

Pune

Chennai

Hyderabad

Bangalore

Surat

Nagpur

Jaipur

Cochin

Chandigarh

Ludhiana

Coimbatore

Indore

Nasik Rajkot

Jamshedpur

Vijayawada

Baroda

Vizag

Aurangabad

Madurai

Jodhpur

Mysore

Jalandhar

Panipat

Karnal

Yamunanagar

Raipur

Kolhapur

Bhopal