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Bajaj Finance Business Loan Interest Rate Calculator - Apr 2017

Last Updated 14th Apr 2017

Bajaj Finserv Business Loan Interest Rates

Self Employed
Interest Rate 14.00% - 20.00% Check Best Offers
Lowest EMI Rs. 2,733 per lakh
Tenure From 12 months to 48 months
Loan Amount Min Rs. 500,000 and Max Rs. 3,000,000
Processing Fee 2%
Part Prepayment, Charges Allowed after 1 EMI's, can prepay upto 25% in a year without charges
Early Foreclosure, Charges Allowed after 1 EMI's, 4% charges on outstanding principal
Apply Business Loan @ 13.50%*
Rs.
Rs.
+91

Bajaj Finserv Business Loan

Bajaj Finserv gives the facility of business loan to the people who need finance to expand their business. There are some benefits of taking business loan from Bajaj Finserv:

  • You can prepay part of your loan anytime after paying 1% prepayment charges
  • You can foreclose your entire Business loan anytime after paying the forclosure charges
  • Bajaj Finserv has been rated 3.5/5.0 by customers for its service quality on MyLoanCare

Business Loan Bajaj Finance

Business loan interest rates offered by Bajaj Finserv are fixed as well as floating

  • Fixed rates allow you to borrow loan at a fixed price which won’t change in the whole tenure in case of change in Bajaj Finserv benchmark rate and should be chosen only if you believe that the rates will not hike in future
  • In contrast to this are floating rates which changes with a single change in Bajaj Finserv benchmark rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates

Bajaj Finance Interest Rate depends upon

  • Loan amount: Business loan rate in Bajaj Finserv depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
  • CIBIL Score: Bajaj Finserv offers business loan at higher interest rate if your CIBIL score is poor or vice versa
  • Monthly Revenue: Bajaj Finserv will avail you business loan at lower interest rate if you have higher monthly revenue
  • Time in Business: Bajaj Finserv offers business loan at lower rates if you are doing business since long time

Business Loan Charges

Foreclosure Charges- These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. Bajaj Finserv allows prepayment of business loan after paying 1 EMI’s with prepayment charges

Processing Fee- Bajaj Finserv asks for a processing fee of 2% of loan amount with applicable service tax

Bajaj Finance Business Loan EMI Calculator

Bajaj Finserv Business Loan EMI is a fixed amount that you pay each month towards the repayment of your business loan till the end of tenure. Lowest EMI offered by Bajaj Finserv is 2,733 per lakh loan amount. Business loan EMI of Bajaj Finserv depends on factors like:

  • Interest Rate: Higher the interest rate, higher will be the EMI. For a 48 months business loan from Bajaj Finserv at interest rate of 14.00% per annum, EMI will be Rs. 2,733 per Rs. one lakh loan amount. At interest rate of 20.00% for the same loan, the EMI will be Rs. 3,043
  • Loan tenure: Longer the loan tenure, lesser your monthly EMI. At interest rate of 14.00% per annum, the EMI on Bajaj Finserv business loan would range from Rs. 8,979 to Rs. 2,733 for loan tenure ranging from 12 to 48 months
  • Amount Borrowed: Bajaj Finserv Loan EMI will be high if you apply for a high loan amount. For amount borrowed 500,000, the EMI at 14.00% for 48 months would be 13,663. Similarly for amount borrowed 3,000,000, the EMI at 14.00% for 48 months would be 81,979.

What are the benefits of calculating business loan EMI?

  • Business loan EMI calculator of Bajaj Finserv helps you to calculate your monthly EMI at different rate of interest
  • Bajaj Finserv EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly

Bajaj Finance Business Loan Eligibility Calculator

Business loan eligibility criteria Bajaj Finserv

Eligibility of Business loan in Bajaj Finserv relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are

  • Profitability: Business loan eligibility significantly depends upon profitability status and future prospects of your business. Bajaj Finserv requires profit for minimum 2 years
  • Business Stability: Future business prospects and its stability is important to improve your eligibility for business loan. Your ITR details for minimum 2 year and bank statement for minimum 3 months will be required by Bajaj Finserv
  • CIBIL Score: When checking eligibility for business loan, Bajaj Finserv will look at the complete CIBIL report. Bajaj Finserv will check your repayment history for all current and past loans and credit cards.

Popular Products:

  • Working Capital Finance
  • Flexi Loan

Business Loan Bajaj Finance documents required

  • Address proof of individual: Aadhar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills.
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhar Card, Voter’s ID Card
  • Business existence proof: PAN, sales tax/ excise/ VAT/ service tax registration, copy of partnership deed, trade license, certificate of practice, registration certificate issued by RBI, SEBI
  • Copy of Income Tax PAN for 2 year
  • Bank statement of last 3 months

Compare Bajaj Finance Business Loan

Bajaj Finance Business Loan in India

Bajaj Finserv Business Loan Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Agra 020-39575152, personalloans1 [at] bajajfinserv [dot] in
Ahmedabad 020-39575152, personalloans1 [at] bajajfinserv [dot] in
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Goa 020-39575152, personalloans1 [at] bajajfinserv [dot] in
Greater Noida 020-39575152, personalloans1 [at] bajajfinserv [dot] in
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Madurai 020-39575152, personalloans1 [at] bajajfinserv [dot] in
Meerut 020-39575152, personalloans1 [at] bajajfinserv [dot] in
Mehsana 020-39575152, personalloans1 [at] bajajfinserv [dot] in
Mohali Sas Nagar 020-39575152, personalloans1 [at] bajajfinserv [dot] in
Mumbai 020-39575152, personalloans1 [at] bajajfinserv [dot] in
Mussoorie 020-39575152, personalloans1 [at] bajajfinserv [dot] in
Nagpur 020-39575152, personalloans1 [at] bajajfinserv [dot] in
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Noida 020-39575152, personalloans1 [at] bajajfinserv [dot] in
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Ranchi 020-39575152, personalloans1 [at] bajajfinserv [dot] in
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Salem 020-39575152, personalloans1 [at] bajajfinserv [dot] in
Shimla 020-39575152, personalloans1 [at] bajajfinserv [dot] in
Sonepat 020-39575152, personalloans1 [at] bajajfinserv [dot] in
Surat 020-39575152, personalloans1 [at] bajajfinserv [dot] in
Trichy 020-39575152, personalloans1 [at] bajajfinserv [dot] in
Udaipur 020-39575152, personalloans1 [at] bajajfinserv [dot] in
Vadodara 020-39575152, personalloans1 [at] bajajfinserv [dot] in
Varanasi 020-39575152, personalloans1 [at] bajajfinserv [dot] in
Vijaywada 020-39575152, personalloans1 [at] bajajfinserv [dot] in
Vizag 020-39575152, personalloans1 [at] bajajfinserv [dot] in
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Bajaj Finance Business Loan News - Apr 2017
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