How to Get ₹15 Lakh Business Loan Online in 2025

As a business owner, you know that every single rupee matters when running a business. You have to manage a wide range of expenses, including operational costs, bills, inventory purchases, and hiring. While no amount of money is ever enough for a business, ₹15 lakh business loan helps you unlock the potential of your business and steer it toward growth, success, and expansion.

This mid-range loan amount is a significant enabler of business expansion. It helps MSMEs support both short-term and long-term business objectives. It also provides sufficient capital to scale operations without imposing a substantial repayment burden. Explore how to get a business loan online of up to ₹15 lakh for your business needs.

Who Can Apply for a ₹15 Lakh Business Loan?

Every business loan offers businesses the means to fulfil different objectives and needs. The amount they apply for helps with business growth, purchasing new machinery, or grabbing more supplies. This is why ₹15 lakh business loans are ideal for small businesses and MSMEs, given you meet the eligibility criteria for an MSME loan. These loans are commonly used for:

• Expanding into new markets or locations
• Buying or upgrading equipment or machinery
• Launching a marketing campaign to boost sales
• Restocking inventory during high-demand seasons
• Covering day-to-day expenses or working capital needs

₹15 Business Loan Eligibility India

Here are the different types of businesses that can apply for loan for MSME 15 lakh:

• MSMEs (Micro, Small, and Medium Enterprises)
• Sole proprietors
• Partnership firms
• Private limited companies

Eligibility Criteria to Get a ₹15 Lakh Loan

To qualify for a ₹15 lakh business loan, lenders typically require that your business or trade has been operational for at least one year. It must also generate consistent monthly revenue and maintain a positive credit history. These factors help assess your financial reliability and repayment capacity.

Business Loan Criteria 2025

It’s necessary to make sure your company fulfils the requirements prior to applying for a ₹15 lakh business loan. Although eligibility criteria for MSME loan vary from lender to lender, this lists the common requirements for collateral-free business loans qualification requirements:

• Business Vintage: Your trade should be at least 1 year old. Having a stable operating history increases your chances of business loan approval.
• Monthly Turnover: Your business must generate a minimum monthly turnover of ₹1.5 to ₹2 lakh. This shows that your business generates a steady income, which makes you fit for repayment.
• CIBIL Score: A good credit score of 700+ generally helps you qualify for a business loan and get lower interest rates and favourable terms.
• Business Registration: You can significantly increase your chances of approval by registering your business on Udyam and for GST.
• Applicant Age: At the time of applying for ₹15 lakh business loan, you, as a business owner and applicant, must be between 21 to 65 years old.

Eligibility for MSME loans helps lenders determine your repayment capacity. If you meet the eligibility criteria, you are more likely to get a loan fast and simply. It also strengthens your application and gets you a low interest business loan.

Documents Required for a ₹15 Lakh Business Loan

Obtaining a ₹15 lakh business loan online is a streamlined process. However, having the necessary documentation readily available is essential. These documents serve to verify your identity, validate key details about your business, and demonstrate your financial credibility to the lender. Here are the important documents for business loans online application:

Identification

• Aadhaar
• PAN Card
• Driving License
• Ration Card
• Passport

Business Proof

• GST Registration
• Udyam Registration
• Shop or establishment certificate

Business Financials

• Business plan
• Income statements
• Balance sheets
• Cash flow statements
• Tax returns
• Last 6 to 12 months bank statements

These are all the papers required for MSME loans. If you are applying for a business loan online, you don’t have to submit physical copies with an application form. You only have to upload these papers digitally. The main papers needed for an MSME loan in India are the same, no matter if you are using a bank or a digital platform.

How to Apply Online for a ₹15 Lakh Business Loan: Step-by-Step

Time is money in the fast-paced business world of today. Waiting weeks for a loan is no longer feasible, whether you’re a startup seeking operating cash or an SME aiming to grow. The digital business loan application procedure is crucial in this situation. Here are the benefits of online business loan application process:

• Speed: The digital lending process ensures that a business loan application is approved within 72 hours.
• Convenience: Unlike the traditional business loan application process, you don’t need to visit a branch to apply or wait in the long queues.
• Transparency: The process offers real-time information about your application you can keep track of at every stage.
• Paperless Journey: You don’t need to attach so many papers and documents as you only need to upload them digitally.
• Better Choices: Automated credit checks result in more rapid eligibility verification and personalised offers.

Step-by-step Guide to Apply for 15 Lakh Business Loan

Here is how to get business loan online of ₹15 lakh online:

• Choose a Trusted Lender: Choosing the right lender is important as it has different interest rates, documents required, and eligibility for MSME loan. Based on your needs and eligibility, you can choose between FlexiLoans, Lendingkart, Indifi, Paytm Money, and leading banks.
• Visit the Website or App: After choosing the right lender, you must visit the bank’s or lender’s official website. There are many NBFCs and Fintechs in India that allow you to apply via apps.
• Check Your Eligibility: Here, you must ensure that your credit score, revenue and business vintage meet the eligibility criteria set by the lender. Some lenders let you check it online and get status within a few minutes.
• Fill in Basic Business Details: Next, find ‘Apply Now’ on the home page and click on it. Provide your name, the nature of your business, how much money you earn annually, and the length of time the business has been active.
• Upload Documents: You must now submit the required documents, including your PAN, Aadhaar, bank statements, and business registration. Ensure that there is no mismatch or spelling mistakes.
• Complete eKYC: You usually require a PAN card and evidence of identification in order to fulfil KYC (Know Your Customer). Finish the eKYC process online.
• Business Loan Approval: The lender thoroughly evaluates your application. If everything is in order, your business loan will be approved. Review the loan offer, interest rate, and EMI terms.
• Loan Disbursal: Upon verification, the loan amount is disbursed directly to your account, usually within 24–48 hours.

Interest Rates & Repayment Terms for ₹15 Lakh Business Loan

It is essential to understand the applicable interest rate for effectively repayment of MSME loans. Being informed about your interest rate and Equated Monthly Instalment (EMI) schedule allows for effective financial planning and helps prevent repayment-related challenges. Here are the key factors that affect business loan interest rate:

• Your credit score
• Work profile
• Loan tenure

Business loan interest rates 2025 are expected to range between 12% and 24% per annum. It depends on factors such as the applicant’s credit profile, business performance, and chosen lender.

Digital lenders tend to charge higher interest rates since they provide fast business loans without the need for asset collateral. MSMEs typically repaid the loan through regular monthly installments over 5 years.

Top Online Platforms Offering ₹15 Lakh Business Loans

Several popular lenders make it easy for MSMEs and startups to obtain a ₹15 lakh business loan online without requiring collateral. Here are the top lenders in India that offers ₹15 lakh business loan:

Lender	Interest Rate	Repayment Tenure	Collateral
FlexiLoans	Starting from 1% per month	12 to 36 months	Not required
LendingKart	12% – 27%	Up to 36 months	Not required
IIFL Finance	12.75% – 44%	12 to 36 months	Optional
Bajaj Finserv	Starting from 14%	12 to 96 months	Not required
Kinara Capital	24% – 30%	6 to 60 months	Not required
Aditya Birla Capital	15% – 21%	12 to 60 months	Optional
HDFC Bank	10.75% – 25%	Up to 48 months	Not required
Axis Bank	Starting from 10.75%	Up to 60 months	Not required
IDFC First Bank	Starting from 10.5%	Up to 60 months	Not required
Kotak Mahindra Bank	16% – 26%	Up to 60 months	Not required
Tata Capital	Starting from 12%	12 to 60 months	Not required

While many digital lenders allow you to borrow without putting up collateral, traditional banks could insist on this if your case meets certain standards. You must choose a lender based on the need for the loan, your interest rate, and your ability to provide collateral. If you need a business loan of up to ₹15 lakhs, FlexiLoans make it easy and convenient to get approved quickly.

Benefits of Taking a ₹15 Lakh Loan Online

The benefits of MSME loans go just beyond access to necessary funds. It offers you flexible repayment options and lower interest rates. MSME loan also helps you improve a company’s credit score, which may make it simpler to get more funding in the future. Here are the top advantages of business loan online:

• Speed and Convenience: The entire process is conducted online, which allows you to apply from any location at your convenience.
• Collateral-free Financing: Many digital lenders provide unsecured business loans, which eliminates the need to pledge assets.
• Quick Disbursal: Funds are typically credited to your account within 24 to 48 hours of approval, enabling prompt access to business and working capital needs.
• Flexible Repayment Terms: As a borrower, you can select repayment tenures ranging from 1 to 3 years (at times, 8 years), aligning loan obligations with your cash flow.
• Enhanced Loan Eligibility: Maintaining a strong CIBIL score, up-to-date bank statements, and timely filing of GST returns and ITRs can improve your eligibility.
• Higher Approval Probability: Registering under Udyam/MSME and ensuring KYC documentation currently strengthens your loan application.
• 100% Digital and Paperless: The application process is entirely online, eliminating the need for physical visits or hard-copy submissions.
• Seamless Tracking and Management: Most platforms offer user-friendly dashboards to monitor loan status, disbursals, and repayment schedules.

The advantages of online business loans make them an efficient and accessible financing option, particularly for MSMEs and startups. By leveraging digital platforms, entrepreneurs can secure timely funding, streamline operations, and focus on achieving long-term field success.

Tips to Improve Business Loan Approval Chances

If you’re looking to apply for a ₹15 lakh business loan and feel uncertain about the approval process, here are the tips you can follow to improve your business loan approval chances:

• Maintain a Good CIBIL Score: Keep your score at 700 or higher by always paying your EMIs and credit card bills on time.
• Ensure Consistent Bank Statements: Avoid spending more than you deposit regularly to prevent overdrafts.
• File GST Returns and ITRs Regularly: This builds credibility and demonstrates to lenders that your work is compliant and financially stable.
• Register Under Udyam/MSME: Official Udyam registration strengthens your loan application and helps you qualify for government schemes.
• Keep Business KYC Updated: Ensure all your documents, such as PAN, Aadhaar, address proof, and business registration, are valid and up to date.

Conclusion

Over 82% of small businesses fail because they often run into cash flow problems. If your business is also facing cash flow problems, ₹15 lakh business loan helps you meet both your short-term and long-term business goals. The online process also makes it easy to apply and get approval.

Whether you’re hiring more staff or managing peak season cash flow, an unsecured business loan from FlexiLoans can be the catalyst for sustainable growth. Apply for a business loan of up to ₹50 lakh now to grow and expand your business. Our seamless, paperless processes and quick disbursal timelines ensure you get the capital you need when you need it most.

FAQs about How to Get ₹15 Lakh Business Loan

Q. 1 Can I get a ₹15 lakh business loan without collateral?

Ans: Yes, many NBFCs and Fintech companies offer unsecured business loans for ₹15 lakh. These lenders go beyond the collateral and approve loans based on the turnover and financials.

Q. 2 How long does it take to get a ₹15 lakh loan approved online?

Ans: As there are minimal documents required and the process is online, business loans are approved quickly, and the amount is disbursed within 1 to 2 days.

Q. 3 What is the EMI for ₹15 lakh loan?

Ans: The EMI depends on tenure and interest rate. By paying back the money over 2 years at 15%, EMI would be about ₹72,700.

Q. 4 What credit score is required for a ₹15 lakh MSME loan?

Ans: Although some lenders may consider even a low credit score, a credit score of 700+ significantly improves your chances of business loan approval.

Q. 5 Which bank is best for a ₹15 lakh business loan?

Ans: The top banks in India that offer ₹15 lakh business loans are SBI, HDFC, Axis Bank and IDFC First Bank. The approval process of these banks, however, may be slow. If you’re looking for a quick loan, FlexiLoans is your best choice, as it is not picky about collateral.