Yes, it is mandatory to have a business plan before you avail of a loan. A start-up business loan comes with simple eligibility criteria and minimal documents. With Bajaj Finserv, you can get collateral-free funds up to Rs. 45 lakh once you meet the following eligibility parameters:
You must be between 24 and 72 years* of age
You must have a minimum business vintage of 3 years
You must have a CIBIL score of 685 or higher
*Term and conditions apply