Rs. 1 Lakh Business Loan

The features of Rs. 1 lakh business loans at Paisabazaar are mentioned below:

Purpose of Rs. 1 Lakh Business Loan

A business loan of Rs. 1 lakh can help small businesses cover various small-ticket expenses, including:

• Stocking up on raw materials
• Buying inventory
• Purchasing new tools, equipment, machinery
• Meeting seasonal demands
• Covering day-to-day expenses
• Renovating shop or office

Rs. 1 Lakh Business Loan EMI Calculator

A Rs. 1 lakh business loan EMI calculator can help borrowers calculate their EMIs beforehand and plan their repayment accordingly. To calculate a business loan EMI, borrowers need to enter:

• The loan amount
• The interest rate
• The tenure

Click on calculate. The EMI calculator will show the following:

• Monthly EMI
• Total interest
• Total repayment

Use the Paisabazaar Business Loan EMI Calculator to calculate different combinations of loan amount, tenure and interest rate and get accurate results instantly.

Rs. 1 Lakh Business Loan EMI Examples

The table below shows sample EMI calculations for a business loan of Rs. 1 lakh:

These are illustrative calculations; actual EMI depends on lender terms.

Rs. 1 Lakh Business Loan Interest Rates

The interest rate for a Rs. 1 lakh business loan starts from 13% p.a. at Paisabazaar. Business loan interest rates offered by different lenders in India in 2026 are given below:

Business Loan Interest Rate from Top Lenders in India

Factors That Affect Your Business Loan Interest Rate

Lenders consider multiple factors when determining the final interest rate on your business loan. These factors are discussed in detail below:

• Credit score: A higher credit score can help attract lower interest rates.
• Business vintage: An established business with a longer operating history is usually considered stable and attracts a lower interest rate.
• Annual turnover: Higher turnover increases your repayment capacity and reduces the chances of default, boosting lenders’ confidence to offer you a lower interest rate.
• Business type: Different business types attract different interest rates, owing to their varying nature and the risk involved.
• Existing relationship with lender: Borrowers with an existing relationship with a bank build trust and can secure lower interest rates.
• Secured/unsecured nature of loan: Business loans backed by collateral usually have lower interest rates as compared to unsecured loans.

Eligibility for a Rs. 1 Lakh Business Loan

To be eligible for a Rs. 1 lakh business loan, borrowers must meet the following criteria:

• Age:
  • Minimum 21 years at the time of loan application
  • Maximum 65 years at the time of loan maturity
• Must be an Indian citizen
• Minimum business vintage: May vary across lenders; usually a minimum of 3 years.
• Minimum turnover: May vary across lenders; usually a minimum of Rs. 50 lakh p.a.
• Business type: All businesses can apply for a business loan
• Credit profile: A healthy credit profile with a credit score of 760+

Can I Get a Rs. 1 Lakh Business Loan Without Collateral?

Yes, you can get a Rs. 1 lakh business loan without collateral. Paisabazaar offers unsecured business loans to entrepreneurs.

Unsecured business loans are offered by assessing the creditworthiness of a borrower using multiple data points, including:

• Credit score and history of the borrower
• Income of the borrower
• Existing debt of the borrower
• Business stability and vintage
• Cash flow patterns

All the above factors help lenders understand the intent and the ability of a borrower to repay a loan. Based on the assessment of these factors, lenders approve or reject a loan.

Documents Required for a Rs. 1 Lakh Business Loan

Different lenders may have different document requirements. However, the commonly asked documents are mentioned below:

• KYC Documents: Aadhaar card, PAN card, Passport
• Business Documents: Proof of ownership of residence or office, Proof of business continuity, Proof of business registration, Copy of company PAN
• Income/Financial Documents: P&L statement, Balance sheet, Latest GST returns, Bank statement for the last 6 months
• Other Documents: Partnership deed copy, MOA, AOA, and Board Resolution (certified copy)

Who Can Apply for a Rs. 1 Lakh Business Loan?

Multiple businesses can apply for a Rs. 1 lakh business loan, including:

• Small business owners
• Shopkeepers
• Traders
• Manufacturers
• Service providers
• Self-employed professionals
• Sole proprietors
• MSMEs
• Online sellers

Types of Rs. 1 Lakh Business Loans

Based on the varying requirements of businesses, business loans are categorized into different types. A few of them are listed below:

Choose Business Loans of Your Choice