When you apply for a Bajaj Finance Business Loan there are few steps you need to take. They are given below:

1. Submit the online Business Loan application form.
2. Once your application form is approved by Bajaj you will need to submit a few key documents. These include KYC, Financial, and Property 
3. The bank then initiates the loan processing which includes legal and technical verification 
4. Bajaj Finance will then provide a sanction letter, which will include a few important details such as sanctioned loan amount, interest rate, loan tenure, type of interest rate applicable, EMI payable, validity of sanction letter, special conditions (if any), and other terms and conditions 
5. Finally, a business loan disbursement request is raised, after which Bajaj Finance will issue a cheque 

There are a few documents that you need to submit while applying for a Bajaj Finance Business Loan. They are given in the table below:

A major reason why you should opt for a Bajaj Finance Business Loan is that ‘Flexi-Loan’ facility is made available. Also, this NBFC provides you with a business loan at an EMI reduced to about 45%. Besides, Bajaj Finance offers you a high loan amount.

After you complete filling Bajaj Finance Business Loan online and submitting the necessary documents, this popular NBFC will take about 7 working days to sanction your business loan.

Usually, a minimum CIBIL score of about 685 and above you need to secure a Bajaj Finance Business Loan.

A minimum loan amount of up to Rs 5 lakh and maximum Rs 40 Lakh is offered by Bajaj Finance.

It may not be necessary to have a co-applicant while applying for a Bajaj Finance Business Loan. Moreover, if you do possess one it assures your lender about your ‘Creditworthiness’. Thereby, improving your chances of securing a business loan.

After securing a Bajaj Finance Business loan the rate of interest (ROI) will change depending on the type of ROI you select. Therefore, if you opt for a floating rate then there will be constant changes. However, in case you select a fixed interest rate then there will be no regular changes.

Having ITR documents for three financial years helps increase your chances of obtaining a Bajaj Finance Business Loan. Moreover, you can also get a business loan despite not having three-year ITR returns.
It is only possible though if you are seeking for a small loan and you have a good CIBIL score to prove to your lender that you are ‘Creditworthy’. Moreover, it all depends on the policies of the lender.

Usually, after applying for a Bajaj Finance Business loan and submitting all the necessary documents, and getting a sanction letter, it should take Bajaj Finance about 2 – 3 Working days to disburse the loan.

A few additional details of the Bajaj Finance Business Loan that you need to know are given below:  

1. Types of Bajaj Finance Business Loan:

   There are a few types of Bajaj Finance Business Loan available. They are given below: 

   1. Bajaj Finance Business Loan for Working Capital:

      Typically, this business loan package is designed by Bajaj Finance to fulfill daily requirements of MSME applicants. 

   2. Bajaj Finance Business Loan for Expansion:

      This business loan scheme is provided for the funding of a wide range of financial activities. These include purchasing modern equipment. 

   3. Bajaj Finance Business Loan for Machinery Purchase:

      It is to help your business purchase essential machinery that Bajaj Finance provides this scheme. 

   4. Bajaj Finance Business Loan for Chartered Accountant and Doctors: 

      Bajaj Finance also offers professionals such as a doctor or chartered accountant this scheme. Mainly help fund various activities such as setting up an office, renovating a clinic, upgrading equipment etc. 

   5. Bajaj Finance Business Loan for Medical Equipment:

      To help in the funding of purchasing a few medical equipment like ultrasound units, ECG’s, CT scanners etc Bajaj Finance presents this business loan scheme. 

   6. Bajaj Finance Business Loan for Loan Against Property:

      Finally, Bajaj Finance also provides a secured type business loan against property for MSME’s to help them fulfill their requirements.