Bajaj vs LIC Business Loan, 2026.
Reviewed by Jay Patel· Last reviewed: stale
A ledger-columns read on Bajaj Housing Finance and LIC Housing Finance— rate, EMI, fee, fine print. Which one wins your file, not the pitch deck.
Bajaj vs LIC — Business Loan Comparison
Key parameters compared side by side.
| Parameter | Bajaj | LIC |
|---|---|---|
| Interest Rate (p.a.) | 11% – 15% | 11.5% – 15% |
| Processing Fee | 2.00% (min Rs 10,000) | 1.50% (min Rs 10,000) |
| Max Loan Amount | Rs 5 Cr | Rs 3 Cr |
| Max Tenure | 7 Years | 5 Years |
| Bank Type | NBFC | NBFC |
| Founded | 2015 | 1989 |
| Headquarters | Pune | Mumbai |
Interest Rate (p.a.)
Bajaj
11% – 15%
LIC
11.5% – 15%
Lower/better: Bajaj
Processing Fee
Bajaj
2.00% (min Rs 10,000)
LIC
1.50% (min Rs 10,000)
Max Loan Amount
Bajaj
Rs 5 Cr
LIC
Rs 3 Cr
Lower/better: Bajaj
Max Tenure
Bajaj
7 Years
LIC
5 Years
Lower/better: Bajaj
Bank Type
Bajaj
NBFC
LIC
NBFC
Founded
Bajaj
2015
LIC
1989
Headquarters
Bajaj
Pune
LIC
Mumbai
Rates as of April 2026. Subject to change based on RBI policy and bank revisions.
EMI Comparison
Estimated EMI for Rs 20 Lakh business loan for 5 years at each bank's lowest rate.
Bajaj
LIC
Savings: Choosing Bajaj saves you approximately ₹500 per month, or ₹30,000 in total interest over the loan tenure.
Feature Comparison
Key features offered by Bajaj and LIC for business loan.
| Feature | Bajaj | LIC |
|---|---|---|
| Flexi business loan | ||
| Property-backed lower rates | ||
| Fast processing | ||
| Pan-India coverage | ||
| Property-backed business loans | ||
| Competitive NBFC rates | ||
| Quick processing | ||
| Pan-India presence |
Flexi business loan
Property-backed lower rates
Fast processing
Pan-India coverage
Property-backed business loans
Competitive NBFC rates
Quick processing
Pan-India presence
Which Is Better — Bajaj or LIC?
It depends on your priorities. Here is a quick guide.
Choose Bajaj If...
- Lower starting interest rate (11% vs 11.5%)
- Higher max loan amount (Rs 5 Cr vs 3 Cr)
- Longer max tenure (7 yrs vs 5 yrs)
Choose LIC If...
- Trusted brand with strong business loan offerings
Still unsure? Contact Money Matrix Hub for a free personalised recommendation based on your income, credit score, and loan requirement.
Eligibility Comparison
General eligibility criteria for business loan at both banks.
Bajaj Eligibility
- Business vintage: 2+ years (ITR required)
- Min annual turnover: Rs 15 Lakh
- CIBIL score: 650+ preferred
- Valid GST registration
- Age: 21–65 years at loan maturity
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
LIC Eligibility
- Business vintage: 2+ years (ITR required)
- Min annual turnover: Rs 15 Lakh
- CIBIL score: 650+ preferred
- Valid GST registration
- Age: 21–65 years at loan maturity
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
Frequently Asked Questions
Common questions about Bajaj vs LIC business loan.
Which bank has a lower business loan interest rate in 2026 — Bajaj or LIC?
Bajaj currently offers a lower starting rate of 11% p.a. for business loan. However, the actual rate you receive depends on your credit score, income, and loan amount. Money Matrix Hub can help you get the best negotiated rate from both banks.
What is the maximum business loan amount I can get from Bajaj vs LIC?
Bajaj offers a higher maximum loan amount of up to Rs 5 Cr. Bajaj offers up to Rs 5 Cr while LIC offers up to Rs 3 Cr for business loan.
Which bank charges a lower processing fee for business loan — Bajaj or LIC?
Bajaj charges a processing fee of 2.00% (min Rs 10,000), while LIC charges 1.50% (min Rs 10,000). Processing fees are often negotiable, and Money Matrix Hub can help waive or reduce these charges.
Should I choose Bajaj or LIC for business loan in 2026?
The best choice depends on your specific needs. Bajaj offers rates from 11%–15% with a max tenure of 7 years, while LIC offers 11.5%–15% with 5 years tenure. Contact Money Matrix Hub for a personalised comparison based on your profile.
Can Money Matrix Hub help me apply for a business loan from both Bajaj and LIC?
Yes. Money Matrix Hub is an authorised DSA partner for both Bajaj and LIC. We can submit parallel applications at no extra cost and help you pick the best sanction offer. Our service is 100% free for borrowers.
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