A ₹10 lakh business loan is an unsecured facility worth Rs. 1,000,000 from banks and NBFCs — for inventory, expansion, equipment, or working capital, with no collateral. For MSMEs, independent contractors, and entrepreneurs who need funding without secured-loan paperwork, it is one of the most accessible small business loan options.
Loan amount
₹10,00,000
Starting rate
11.99% p.a.
Disbursal
Within 24 hrs
Get ₹10,00,000 Business Loan at 11.99%* p.a.
Compare 30+ lenders instantly
Get funds in 24 hours
Zero impact on credit score
Your EMI will be
₹33,210
Total Interest Payable
₹1,95,543
Total Amount Payable
₹11,95,543
Loading offers…
Rates, fees, and disbursal timelines are indicative and may vary by lender, profile, and loan amount. *Terms & conditions apply.
| Feature | Details |
|---|---|
| Loan Amount | 10 Lakh |
| Interest Rate | 11.99% – 22% p.a. |
| Repayment Tenure | 12 – 84 months |
| Processing Fee | 1% – 4% of loan amount |
| Disbursal Time | 2–7 working days |
| CIBIL Score Required | 700+ (750+ for best rates) |
| Collateral Required | None (unsecured) |
| Minimum Turnover | Rs. 15 lakh |
| Prepayment Charges | 0% – 5% (lender-specific) |
| Bank/NBFC | Interest Rates (% p.a.) | Processing Fees |
|---|---|---|
| HDFC Bank | 10.75% onwards | Up to 2% + GST |
| Axis Bank | On application** | Up to 2% |
| ICICI Bank | On application* | Up to 2% |
| Kotak Mahindra Bank | On application* | Up to 2% + GST |
| Bank of Baroda | Linked to Repo Rate/MCLR* | Up to 2% (Max Rs. 10,000) |
| Bajaj Finance Limited | 14.00% - 23.00% | Up to 4.72% (incl. taxes) |
| IDFC FIRST Bank | 12.99% onwards | Up to 2% |
| IndusInd Bank | 16.00% onwards | Up to 2% |
| YES Bank | On application* | Up to 2.5% |
| Tata Capital | 12.00% onwards | Up to 3% + taxes |
| L&T Finance | 15.00% onwards | Up to 3% + GST |
| Poonawalla Fincorp | 15.00% onwards | Up to 3% + taxes |
| Piramal Finance | 16.49% onwards | Not publicly disclosed |
| InCred Finance | On application* | On application* |
| SMFG India Credit | On application* | Up to 2.75% + GST |
*Bikesh Finserv special rates
Note: Rates as of 6th June 2026
NOTE: Here "ON application" means the bank does not publish a fixed interest rate upfront.
Explore business loans by amount
Explore business loans by amount
An EMI calculator helps you estimate your monthly repayment before you apply. For a Rs. 10 lakh business loan, your EMI depends on the interest rate and tenure you choose — knowing this upfront helps you plan your budget with confidence.
Use our business loan EMI calculator to try different combinations, or refer to the sample tables below for quick reference.
| Loan Amount (Rs.) | Interest Rate (p.a.) | Tenure | EMI (Rs.) | Interest Cost (Rs.) |
|---|---|---|---|---|
| 10 lakh | 11.99% | 5 years | 22,239 | 3,34,364 |
| 10 lakh | 15% | 5 years | 23,790 | 4,27,396 |
| 10 lakh | 18% | 5 years | 25,393 | 5,23,606 |
| Loan Amount (Rs.) | Interest Rate (p.a.) | Tenure | EMI (Rs.) | Interest Cost (Rs.) |
|---|---|---|---|---|
| 10 lakh | 11.99% | 2 years | 47,069 | 1,29,651 |
| 10 lakh | 11.99% | 3 years | 33,210 | 1,95,543 |
| 10 lakh | 11.99% | 5 years | 22,239 | 3,34,364 |
Knowing where you stand in relation to the typical eligibility requirements set by lenders is the first step if you're wondering how to obtain a 10 lakh business loan. Although each bank or NBFC has its own scorecard, the majority of the 10 lakh business loan eligibility requirements are similar and include vintage, turnover, credit score, and compliance. What usually determines your approval is as follows:
| Aspect | Proprietorship | Partnership / Pvt Ltd |
|---|---|---|
| Documentation | Simpler KYC and business proof | Partnership deed / MOA-AOA and board resolutions required |
| Credit assessment | Based on proprietor's personal and business credit | Entity-level and promoter credit both evaluated |
| Interest rates | Competitive rates for strong profiles | Similar rates; larger entities may negotiate better terms |
| Loan limits | Typically up to Rs. 50 lakh unsecured | Higher limits available with collateral or cash-flow backing |
| Disbursal speed | Faster for sole proprietors with clean GST/ITR | May take longer due to additional entity verification |
Keep these ready for a faster, fully online application:
| Particulars | Charges |
|---|---|
| Loan Processing Fees | 1% to 4% of loan amount |
| Prepayment / Part-prepayment / Foreclosure Charges | For Floating Rate: Nil; For Fixed Rate: Usually around 2% – 5% on the principal outstanding |
| Loan Cancellation | Usually around Rs. 3,000 |
| Stamp Duty Charges | As per actuals |
| Legal Fees | As per actuals |
| Penal Charges | Usually @ 2% per month; 24% p.a. |
| EMI / Cheque Bounce | Around Rs. 400 per bounce |
You can apply for a business loan through Bikesh Finserv in the following steps:
Yes, it is possible to avail a business loan of Rs. 10 lakh with a low CIBIL score. Applicants having a credit score below 700 can also get their business loans approved through Bikesh Finserv. However, these applicants with a lower credit score are usually considered credit risky by lenders and may not get the best offers.
Most top private and public sector banks usually reject the loan applications of businesses with a low credit score. However, many NBFCs and fintech lenders are open to offering business loans to MSMEs with a low credit score — though the interest rates offered are typically higher. Strong GST compliance and consistent turnover can still improve approval odds.
Got questions?
EMI depends on interest rate and tenure. At 11.99% p.a. for 5 years, EMI is around Rs. 22,239. At 15% for the same tenure, it is around Rs. 23,790. Use the calculator on this page or our business loan EMI tool to try different combinations.
Most lenders prefer minimum annual turnover of Rs. 15 lakh for unsecured business loans of this size. Proprietorships and MSMEs with consistent GST filings and ITRs for 2–3 years stand a better chance of approval.
Yes, though approval is harder with scores below 700. Banks may decline, but several NBFCs and fintech lenders consider lower scores with higher interest rates. Strong business cash flows, GST compliance, or collateral can improve your chances.
For pre-approved customers with complete documentation, funds can be credited within 2–3 working days. Standard applications typically take 3–7 working days after document verification and final approval.
You generally need KYC of promoters, GST registration, ITRs for last 2–3 years, 12 months' current account bank statements, GSTR-3B returns, and entity documents such as partnership deed or MOA/AOA where applicable.
Floating-rate loans often have nil prepayment charges. Fixed-rate loans may charge 2%–5% on the outstanding principal. Always check your lender's schedule of charges before signing.
Yes. Sole proprietors are eligible if they have 3+ years of business vintage, regular GST and ITR filings, and a credit score of 700+. Lenders assess both personal and business credit for proprietorships.
Rates typically range from 11.99% to 22% p.a. depending on lender, credit score, turnover, business vintage, and entity type. Applicants with 750+ CIBIL scores and strong financials usually qualify for the best rates.
Compare offers, check eligibility, and get funds for your Rs. 10 lakh business loan.
Apply Now
