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₹1 Lakh Business Loan

Looking to grow your business or manage daily operations effortlessly? With a ₹1 Lakh Business Loan available on Bajaj Markets, you can access quick funding with minimal hassle. 

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Apply now and take advantage of flexible repayment options, competitive interest rates, and a seamless online process designed to suit your financial needs.

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Your Business Loan EMI
₹ 3,716
Total Interest Amount
₹ 33,789
Principal Amount
₹ 1,00,000
Total Payable Amount
₹ 1,33,789
Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
Months drop-down-img
  • Years
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Instant Approval

You can also make instant comparisons between loan offers from over 10+ Business loan providers on Bajaj Markets.

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You can also evaluate the total interest amount and overall payable amount for better financial planning and budgeting.

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Overview

As a small business owner, you may require additional funds to manage working capital, or hire employees to grow your team. These needs require funding, and having access to the right amount of capital ensures your business continues to operate smoothly without straining your cash flow.

A short-term financing, such as a ₹1 Lakh business loan, can address these needs. Get an idea of the repayment plan at various tenures below:

  • 12-month tenure at 14% interest: The EMI will be around ₹8,979, and the total interest will be ₹7,745

  • 36-month tenure at 14% interest: The EMI will be ₹3,418, and the total interest will be approximately ₹23,039

Choosing a shorter tenure can reduce overall interest costs, while a longer one offers more manageable monthly payments. With flexible tenure options and quick disbursal, a business loan can provide the financial support your business needs.

Lenders Offering Business Loans of ₹1 Lakh on Bajaj Markets

You can secure a business loan of ₹1 Lakh from leading banks and financial institutions on this platform at a competitive interest rate. The table below provides details of the interest rate, maximum tenure, and loan amount:

Lender

Starting Interest Rate

Maximum Loan Amount

Maximum Loan Tenure

Bajaj Finance Limited

14.00% p.a.

₹80 Lakhs 

96 months

IIFL Finance

16.50% p.a.

₹30 Lakhs

48 months 

Lendingkart

19.20% p.a.

₹35 Lakhs 

36 months

Ambit Finvest

20.00% p.a.

₹2 Lakhs 

36 months

Protium

20.50% p.a.

₹35 Lakhs 

36 months

Aditya Birla Capital

22.00% p.a.

₹10 Lakhs 

36 months 

Credit Saison

22.00% p.a.

₹10 Lakhs 

36 months 

Indifi

22.00% p.a.

₹30 Lakhs

36 months

InCred

24.00% p.a.

₹3 Lakh

60 months

U GRO Capital (Line of Credit)

26.00% p.a.

₹2 Lakhs

12 months 

AYE Finance

29.50% p.a.

₹2 Lakhs 

30 months 

Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.

EMI for a Business Loan of ₹1 Lakh Over Varying Tenures

The loan tenure primarily affects your EMI and the total repayment amount. For instance, when you borrow ₹1 Lakh at an interest rate of 14% per annum, your EMI changes depending on the selected tenure, as illustrated below:

Tenure

EMI Amount

Total Interest Payable

Total Repayment Cost

1 Year (12 Months)

₹8,979

₹7,745

₹1,07,745

3 Years (36 Months)

₹3,418

₹23,039

₹1,23,039

5 Years (60 Months)

₹2,327

₹39,610

₹1,39,610

6 Years (72 Months)

₹2,061

₹48,361

₹1,48,361

Disclaimer: Note that these are approximate values and are meant only for illustration. For actual EMI values, reach out to your lender.

Amortisation Schedule for a Business Loan of ₹1 Lakh

A ₹1 Lakh business loan at a 14% interest rate for 6 months comes with the following amortisation breakdown:

Month

Payable Amount

Principal

Interest

Balance

Month 1

₹17,354

₹16,187

₹1,167

₹83,813

Month 2

₹17,354

₹16,376

₹978

₹67,437

Month 3

₹17,354

₹16,567

₹787

₹50,870

Month 4

₹17,354

₹16,760

₹593

₹34,110

Month 5

₹17,354

₹16,956

₹398

₹17,154

Month 6

₹17,354

₹17,154

₹200

₹0

Disclaimer: Note that these are approximate values and are meant only for illustration. For actual EMI values, reach out to your lender.

Fees and Charges for a Business Loan of ₹1 Lakh Available on Bajaj Markets

In addition to your EMI and interest, additional charges may also apply to your loan. Refer to the details below for a comprehensive overview: 

Charges 

Details

Processing Fee

Up to 6%

Foreclosure Charges

Up to 7% of the outstanding principal amount

Pre-payment Charges

Up to 4.72%

Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.

Eligibility Criteria for a ₹1 Lakh Business Loan

The set eligibility criteria for ₹1 Lakh loan for a small business may differ from one lender to another. However, here are some common requirements you may be asked to fulfil to qualify for a business loan of ₹1 Lakh:

  • Age: 21–60 years

  • Citizenship: Must be a citizen of India

  • CIBIL Score: Should have a good CIBIL score

  • Eligibility: Self-employed professionals/non-professionals (e.g., traders, manufacturers)

  • Business Type: Partnerships, LLPs, and private limited companies

  • Experience: Minimum 1 year in the current business 

  • Income: Annual income must be at least ₹1.5 Lakhs per annum, as per ITR

Documents Required for a ₹1 Lakh Business Loan

Some essential documents you might have to submit when applying for a business loan of ₹1 Lakh are as follows:

Identity Proof: (Any one of the following)

  • PAN card

  • Aadhaar card

  • Passport

  • Driving licence

  • Voter ID

Address Proof: (Any one of the following)

  • Aadhaar card

  • Passport

  • Utility bills

  • Lease agreement

Income Proof: (Any one of the following)

  • Bank statement for the last 6 months

  • ITR, in addition to certified copies with details, such as income computation

  • Profit and Loss (P&L) statement and balance sheet for the last 2 years

Business Proof: (As applicable)

  • Sole Proprietorship Declaration 

  • Authenticated copy of Partnership Deed

  • Certified copy of Memorandum and Articles of Association

Different Uses of a ₹1 Lakh Business Loan

You can use the ₹1 Lakh loan for a small business in several practical ways. Here are some common uses:

Buying Equipment or Tools

You can use funds to purchase essential machines, tools, or technology that help you start, run, or improve your business operations. Whether you need updated software, reliable hardware, or specialised tools for your trade, having the right equipment can increase efficiency and support growth.

Managing Working Capital

Use your funds to manage everyday business expenses. This includes covering rent, utility bills, staff salaries, or purchasing stock to keep your shelves full. Maintaining healthy working capital ensures you can keep your business running smoothly without interruptions.

Marketing

Invest in promoting your brand to attract more customers. You might run online advertisements, build a professional website, manage active social media campaigns, or distribute printed materials such as flyers or brochures. Effective marketing helps you build visibility and drive sales.

Handling Emergencies

Set aside funds as a financial safety net to deal with unexpected costs. These may include emergency repairs, last-minute supply issues, or other urgent situations that could disrupt your operations. Being prepared allows you to respond quickly and minimise impact on your business.

How to Apply for a Business Loan of ₹1 Lakh

Follow these simple steps to apply for the loan on Bajaj Markets:

  1. Click on the ‘Check Eligibility’ option on this page
  2. Provide your personal and business details
  3. Enter your preferred loan amount and tenure
  4. Submit the application form

Check Other Instant Business Loan Options

Frequently Asked Questions

1 Lakh Business Loan
What are the benefits of taking a ₹1 Lakh business loan?

A ₹1 Lakh loan for business can help cover working capital needs, purchase inventory, or fund small-scale business expansions without dipping into personal savings.

Yes, many lenders in India offer unsecured business loans of ₹1 Lakh based on your creditworthiness and financial stability.

Repayment tenures for a ₹1 Lakh business loan typically range from 12 to 96 months, depending on the lender and your repayment capacity.

Yes, most lenders allow pre-payment of a ₹1 Lakh business loan, though some may charge a pre-payment penalty.

Defaulting on a ₹1 Lakh business loan could harm your credit score and result in additional penalties and interest charges. In severe cases, it may also lead to legal action.

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