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BAJAJ FINSERV DIRECT LIMITED

₹10 Lakh Business Loan

The loan comes with competitive interest rates and flexible repayment options, designed to support various business needs, such as growth or managing daily operations.

Your Business Loan EMI

₹ 119,610

Total Interest Amount

₹ 76,488

Principal Amount

₹ 10,00,000

Total Payable Amount

₹ 10,76,488

Loan Amount

Interest Rate

- +

Tenure

- +

Instant Approval

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

Overview

Planning to expand your small business, open a new branch, or invest in high-value machinery? For businesses ready to take the next big step, substantial funding is key. Practical financial solutions like a ₹10 Lakh business loan may address such needs.

Here’s how:

For a 36-month tenure at an interest rate of 14% p.a., you would have to pay an EMI of ₹34,178, with the total interest coming to ₹2,30,395

Alternatively, at a 14% annual interest rate, extending the loan tenure to 60 months may increase your total interest payment to ₹3,96,095, but lowers the EMI to ₹23,268

So, shorter tenures help minimise overall interest costs, and longer ones make monthly repayments more manageable.

With no requirement of collateral, minimal documentation, and quick disbursal, you can get a ₹10 Lakh business loan easily, through lenders on Bajaj Markets. This gives you the flexibility to fund significant capital investments or scale operations on terms that suit your business.

Compare Lenders Offering Business Loans of ₹10 Lakhs on Bajaj Markets

If you are looking for a ₹10 Lakh loan for your business, you can explore different options on Bajaj Markets. Refer to the following table to compare interest rates, maximum amounts and tenures:

Lender	Starting Interest Rate	Maximum Amount	Maximum Tenure
Bajaj Finance Limited	14.00% p.a.	₹80 Lakhs	96 months
IIFL Finance	16.50% p.a.	₹30 Lakhs	48 months
FlexiLoans	18.00% p.a.	₹50 Lakhs	42 months
KreditBee	18.00% p.a.	₹30 Lakhs	36 months
Lendingkart	19.20% p.a.	₹35 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
U GRO Capital	24.00% p.a.	₹50 Lakhs	72 months

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

EMI for a Business Loan of ₹10 Lakhs for Various Tenures

The duration of loan repayment directly influences the EMI amount and total repayment cost. Consider this example to understand how loan tenure impacts EMI if the borrowed sum is ₹10 Lakhs at an interest of 15% p.a.

Tenure	EMI Amount	Total Interest Payable	Total Repayment Cost
3 Years (36 Months)	₹34,665	₹2,47,951	₹12,47,951
5 Years (60 Months)	₹23,789	₹4,27,395	₹14,27,395

Disclaimer: These are approximate values and are meant for illustration only. For actual EMI values, reach out to the lender.

Amortisation Schedule for a Business Loan of ₹10 Lakhs

Before applying for a ₹10 Lakh business loan, understanding the amortisation schedule helps you check affordability and plan repayment efficiently. The amortisation schedule for a loan of this amount taken at 15% p.a. for 6 months would look like this:

Month	Payable Amount	Principal	Interest	Balance
Month 1	₹1,74,034	₹1,61,534	₹12,500	₹8,38,466
Month 2	₹1,74,034	₹1,63,553	₹10,481	₹6,74,913
Month 3	₹1,74,034	₹1,65,597	₹8,436	₹5,09,316
Month 4	₹1,74,034	₹1,67,667	₹6,366	₹3,41,648
Month 5	₹1,74,034	₹1,69,763	₹4,271	₹1,71,885
Month 6	₹1,74,034	₹1,71,885	₹2,149	₹0

Disclaimer: These are approximate values and are meant for illustration only. For actual EMI values, reach out to the lender.

Fees and Charges For a Business Loan of ₹10 Lakhs Available on Bajaj Markets

In addition to the EMI on a ₹10 Lakh business loan, you may also have to pay certain fees and charges as per the scenarios. These may include:

Fees and Charges	Details
Processing Fees	Up to 6% of the amount
Foreclosure Charges	Up to 5% of the amount
Late Payment Fee	Up to 3% of the overdue amount per month
Annual Maintenance Charges	Up to 1.18% of the total withdrawable amount during the initial tenure
Bounce Charges	Up to ₹1,500/- per bounce

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

Eligibility Criteria for a ₹10 Lakh Business Loan

To get a business loan of up to ₹10 Lakhs, you need to meet certain eligibility requirements. These include:

Age: You must be between the age of 21–60 years
Citizenship: You need to be an Indian
Credit Score: You must have a good CIBIL score
Eligibility: Self-employed non-professionals (e.g., traders, manufacturers)
Business Type: Partnerships, LLPs, and private limited companies
Experience: Minimum 1 year in current business and 5 years overall

Income: Annual income of over ₹1.5 Lakhs as per ITR

Documents Required for a ₹10 Lakh Business Loan

Here is a list of documents you need to keep handy when applying for a business loan of ₹10 Lakhs:

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 ₹10 Lakh Business Loan

A ₹10 lakh business loan can be a powerful financial tool to support various stages and needs of a business. Here are different ways in which you can use the loan amount:

As a Working Capital

Businesses with seasonal cash flow shortages or delays in customer payments can use these funds to manage day-to-day operations like payroll, rent, and utility bills. This ensures smooth functioning even during off-peak seasons or periods of delayed revenue.

For Inventory Purchase

Retailers or manufacturers can use these funds to stock up on raw materials or finished goods. Having sufficient inventory on hand helps meet customer demand promptly and avoid lost sales.

For Equipment Purchase

These funds can be used by a manufacturing unit to buy upgraded tools or machinery. Investing in modern equipment can boost productivity and reduce operational costs over time.

For Hiring and Training

If you are looking to scale operations, a business loan can help you recruit skilled employees and provide training. This investment in human capital can significantly enhance service quality and operational efficiency.

How to Apply

Here is a simple process to apply for a business loan of ₹10 Lakhs:

Click on the ‘Check Eligibility’ button available on this page
Fill in all the required details
Enter the loan amount and tenure that you prefer
Submit the completed application form online

Check Other Instant Business Loan Options

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Frequently Asked Questions

10 Lakh Business Loan

What are the benefits of taking a ₹10 Lakh business loan?

A ₹10 Lakh business loan can support expansions, equipment purchases, or working capital needs. It allows you to manage business growth without tapping into personal savings.

Can I get a ₹10 Lakh loan for a business without collateral?

Yes, many lenders in India offer unsecured business loans of ₹10 Lakhs. Approval depends on factors like credit score, income stability, and business performance.

What is the repayment tenure for ₹10 Lakh business loan?

Repayment tenures for a ₹10 Lakh business loan typically range from 36 to 72 months. The exact tenure depends on the lender’s terms and your repayment capacity.

Can I prepay a business loan of ₹10 Lakhs?

Yes, most lenders allow prepayment of a ₹10 Lakh business loan. However, they may charge a prepayment fee, so check the lender’s terms.

What happens if I default on a business loan of ₹10 Lakhs?

Defaulting on a ₹10 Lakh business loan can harm your credit score and result in penalties. In severe cases, it may lead to legal action and future credit challenges.

What is the EMI for a business loan of ₹10 Lakhs?

The EMI for the loan depends on the tenure you choose and the interest rate that the lender applies. For example, at a 15% interest rate, the EMI will be ₹90,258 for a 12-month tenure, and ₹23,789 for a 60-month tenure.

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₹10 Lakh Business Loan

Overview

Compare Lenders Offering Business Loans of ₹10 Lakhs on Bajaj Markets

EMI for a Business Loan of ₹10 Lakhs for Various Tenures

Amortisation Schedule for a Business Loan of ₹10 Lakhs

Fees and Charges For a Business Loan of ₹10 Lakhs Available on Bajaj Markets

Eligibility Criteria for a ₹10 Lakh Business Loan

Documents Required for a ₹10 Lakh Business Loan

Different Uses of a ₹10 Lakh Business Loan

How to Apply

Check Other Instant Business Loan Options

Frequently Asked Questions

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