{"id":6638,"date":"2024-10-01T10:07:00","date_gmt":"2024-10-01T04:37:00","guid":{"rendered":"https:\/\/flexiloans.com\/blog\/?p=6638"},"modified":"2026-01-28T20:04:54","modified_gmt":"2026-01-28T14:34:54","slug":"business-loan-upto-10-lakh","status":"publish","type":"post","link":"https:\/\/flexiloans.com\/blog\/business-loan-upto-10-lakh\/","title":{"rendered":"How to Apply and Get a Business Loan up to \u20b910 Lakh in India"},"content":{"rendered":"\n

Are you a small or medium enterprise (SME) in India looking to fuel your business growth with an infusion of capital? A business loan of up to \u20b910 lakh can provide the financial boost you need to invest in critical areas such as product development, office expansion, manufacturing upgrades, sales and marketing initiatives, and inventory purchases.<\/p>\n\n\n\n

This guide outlines the key features, benefits, eligibility criteria<\/strong><\/a>, and steps to apply for a business loan online<\/strong><\/a> of up to \u20b910 lakh in India.<\/p>\n\n\n\n

Key Features and Benefits of a \u20b910 Lakh Business Loan<\/h2>\n\n\n\n
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  1. Fuel Business Growth<\/strong><\/li>\n<\/ol>\n\n\n\n

    A \u20b910 lakh capital infusion enables SMEs to invest in key areas like product development, office expansion, manufacturing upgrades, sales, marketing and inventory. This can help your business unlock growth potential and seize new opportunities.<\/p>\n\n\n\n

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    1. Collateral-Free Loan<\/strong><\/li>\n<\/ol>\n\n\n\n

      Unlike traditional bank loans requiring collateral, \u20b910 lakh business loans are usually unsecured. Your personal and business assets remain safe, offering financial flexibility while accessing the needed funds.<\/p>\n\n\n\n

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      1. Fast Approvals and Disbursals<\/strong><\/li>\n<\/ol>\n\n\n\n

        Online lenders use digital applications and advanced underwriting to provide loan decisions within 24-48 hours. Upon approval, funds are quickly disbursed into your account, allowing you to seize opportunities or address urgent cash flow needs.<\/p>\n\n\n\n

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        1. Flexible Repayment Terms<\/strong><\/li>\n<\/ol>\n\n\n\n

          A \u20b910 lakh business loan offers tenures ranging from 12 to 60 months, with some even extending up to 96 months. This flexibility lets you align repayments with your cash flow and business cycles. You can choose daily, weekly or monthly instalments, ensuring repayment terms suit your financial management needs.<\/p>\n\n\n\n

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          1. Minimal Documentation<\/strong><\/li>\n<\/ol>\n\n\n\n

            The digital process for a \u20b910 lakh online business loan involves minimal paperwork compared to traditional bank loans, which speeds up loan processing. Required documents typically include KYC, bank statements, GST returns and proof of business vintage.<\/p>\n\n\n\n

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            1. Competitive Interest Rates<\/strong><\/li>\n<\/ol>\n\n\n\n

              NBFCs and FinTech lenders extend risk-based pricing, offering competitive interest rates for business loans based on your credit profile, business financial health, industry segment and past repayment history.<\/p>\n\n\n\n

              Eligibility Criteria for a \u20b910 Lakh Business Loan<\/h2>\n\n\n\n