Eligibility criteria for a business loan against property
-
Nationality
Indian
-
Business vintage
Minimum 3 years*
-
CIBIL score
720 or higher
-
Age
18 to 95 years*
*Age should be 95 years at the time of loan maturity. -
Job status
Self-employed
Salaried -
Property ownership
You must own a residential or commercial property in a city where Bajaj Finserv operates
Documents required for a secured business loan
- KYC documents along with firm registration/ proof of identity
- Primary business bank statement for 6 months
- Salary slips for 2 months (if applicable)
- Partnership deed/ company MOA/ AOA/ COI (if applicable)
- The primary banking account of the applicant should have a minimum vintage of 1 year
- Property documents such as sale deed, house tax receipt, electricity bill
The Bajaj Finserv Business Loan Against Property comes with easy to meet eligibility criteria. To make the process further hassle-free for you, we only need a few documents. Apart from your KYC documents, you need to provide business ownership, property ownership and financial documents and business performance documents.
If you are a salaried individual and wish to start your own business, you can also apply for a business loan against property. However, you should be between 22 and 70 years* of age and must own a residential or commercial property in a city where we have an operational branch. You should also meet the minimum salary requirement to qualify for a secured business loan.
*Conditions apply
Frequently asked questions
You must have a minimum CIBIL score of 720 to qualify for a Bajaj Finserv Secured Business Loan.
Once you meet the eligibility criteria and submit the required documents, you can get up to Rs. 1.05 crore with our secured business loan.
You can easily avail of a secured business loan if you are between 18 and 95 years old. However, you must be 80 years old at loan maturity.
A salaried individual who wishes to start his/ her business can also apply for a business loan against property by fulfilling the following eligibility criteria:
You must be aged between 22 to 70 years*
(*Age should be 70 years at the time of loan maturity)
- You must have a residential or commercial property in a city where Bajaj Finserv operates
- You must have a minimum monthly salary of Rs. 24,000
Once you meet the basic eligibility criteria, you must submit the required documents to get the funds you need for your business.
