20 Lakh Business Loan

Compare & apply for 20 Lakhs business loan with Paisabazaar. Compare best business loan offers from top lenders & get competitive interest rates and flexible tenures with quick disbursals and approval.

Get Cashback of ₹ 500^* on Loan Disbursal

Valid till 31^st August '26 *T&C Apply

Get Business Loan

Avail up to ₹1 Cr starting at 13%

Google Play Store

4.5_/5

15.6L Reviews

6cr+Satisfied Customers

30+Lending Partners

₹65k Cr+Loans Disbursed

Best Loan Offers

Curated Offers from 20+ Lenders

Unsecured Loan

Term Loan & OD Facilities Available

Expert Advice

Guidance & Assistance

Top Up Facility

Loan to Get Additional Funds

Calculate your Business Loan EMI Online

Select Your Bank

Enter Loan Amount

₹

1L1Cr

Rate of Interest (Yearly %)

8%30%

Loan Tenure

1Y 20Y

Your Monthly EMI Payment

₹0

Principal Amount₹0

Interest Amount₹0

Total Amount₹0

Key Highlights of Rs. 20 Lakh Business Loan

Loan Amount: Rs. 20 lakh
Interest Rate: 13% p.a.
Tenure: 5 years
Processing Fees: Up to 2% of the loan amount
Collateral: Collateral-Free

Eligibility Criteria of Rs. 20 Lakh Business Loan

While the eligibility criteria for a Rs. 20 lakh business loan may vary across lenders, the common eligibility criteria are mentioned below:

Credit score: 750+ with a strong credit profile
Age: Minimum 21 years, Maximum 65 at the time of loan maturity
Business vintage: Minimum a year
Business profitability: At least a year of profitable business
Minimum Turnover: May vary across lenders
Eligible entities: Proprietors, Partnership firms, LLPs, Private limited companies, MSMEs, Traders & service providers

Suggested Read : Business Loan Eligibility Criteria

Documents Required for Business Loan of Rs. 20 Lakh

Proof of Identity
Proof of Residence
Proof of ownership of residence or office
Proof of business continuity
Proof of business registration

Suggested Read : Business Loan Documents Required

Business Loan of ₹20 Lakhs Fees and Charges

The fees and charges of Rs. 20 lakh business loan are mentioned below:

Processing Fees: Up to 6% of the loan amount
Prepayment Charges: Up to 5% of the outstanding principal
Penal Interest: 2%-6% on the outstanding loan amount

Choose Business Loans of Your Choice
5 Lakh Business Loan	10 Lakh Business Loan
30 Lakh Business Loan	40 Lakh Business Loan
50 Lakh Business Loan	Mudra Loan

Avail Business Loan For
All Your Needs

How to Calculate EMI for a Business Loan of 20 Lakhs?

Business loan is calculated using three main components, namely loan amount, loan tenure and interest rate. The formula used for business EMI calculation is mentioned below.

Formula: EMI = [P x R x (1+R)^N]/[(1+R)^N-1],

where,

'R' is rate of interest
'P' is principal amount
'N' is loan tenure

Check Government Backed Business Loans
MSME Loan	PMEGP Loan
PM Vishwakarma Yojana	Mudra Loan
PMRY Loan	Mahila Samridhi Yojana
PMKVY Loan	CLCSS Scheme
CGTMSE Scheme	PM Vishwakarma Yojana
Nabard Scheme	Udyogini Scheme
Business Loan Online	UYEGP Loan
Stand Up India Scheme	Coir Udyami Yojana
NSIC Loan	DDUGKY Loan Scheme

Why Choose Paisabazaar?

Choose from 20+ Partner Banks/NBFCs

Pick from Secured & Unsecured Options

Get Working Capital & Top-Up Loan Solutions

Flexible Tenure of Up to 4 years

Explore Our Business Loan Lenders

Avail Business Loan For
All Your Needs

FAQs

What CIBIL score is required for a Rs. 20 lakh business loan?

Lenders usually prefer borrowers with a credit score of 750+ for Rs. 20 lakh business loan.

Can I get a Rs. 20 lakh business loan without collateral?

Yes, borrowers can apply for a Rs. 20 lakh unsecured business loan.

What documents are required to apply for a Rs. 20 lakh business loan?

Documents required may vary from lender to lender. However, the common documents required include proof of identity, proof of business, proof of business income, etc.

What is the interest rate for a Rs. 20 lakh business loan?

Borrowers can apply for a business loan on Paisabazaar with interest rates starting from 13% p.a.

What is the repayment tenure for a Rs. 20 lakh business loan?

Repayment tenure for Rs. 20 lakh business loan can go up to 5 years.

Business Loan Articles

10 Smart Business Loan Repayment Tips for MSMEs

Sushmita Mishra10 Aug 2026

How to Apply for PMEGP Loan Scheme?

Sushmita Mishra20 Jul 2026

Working Capital Loan vs Business Loan: Differences, Benefits & Usage

Sushmita Mishra09 Jul 2026

GST Business Loan

Sushmita Mishra19 Jun 2026

25 Best Business Ideas for Ladies Sitting at Home in India 2026

Sushmita Mishra29 May 2026

Factors Affecting Business Loan EMI

Sushmita Mishra05 May 2026

Unsecured Business Loans: Lenders Notice More Than Just Your Credit Score

Paisabazaar26 Aug 2025

Secured vs. Unsecured Business Loans: Which One Should You Choose?

Vandana Punj04 Apr 2025

How to Choose the Right Business Loan

Vandana Punj03 Apr 2025

MSME – Its Meaning, Classification, Loan Schemes, Role and Importance in India

Rahul Misra29 Jan 2025

View All Articles

What our customers say

Convenient Business Loan

Running a small manufacturing unit means constantly managing working capital. I always check my CIBIL score on Paisabazaar app. I have taken the business loan twice from Paisabazaar, have already paid once and am going to close the second loan soon. Very convenient for me and transparent as well.

Param SinghAug 7, 2026

Easy Credit Score Tracking

As a small business owner, I know that maintaining a healthy credit profile is important before applying for a business loan. This Paisabazaar app helped me stay updated with my credit score and get the business loan at just 13%. All in all a very useful app for entrepreneurs as well.

Manoj KumarAug 3, 2026

Business loan complex hotta h

Business loan thoda complex lagta h muhje, lekin Paisabazaar pe team ne sab steps simple bana diya muhje ache se support kiya. Thank you.

Meher SinghJan 22, 2026

Hassle-free Business Loan

I would like to take a moment to sincerely appreciate Rohit Kumar\'s (EW25946) continuous support and clear communication. Your timely responses, cooperation, and willingness to help have made a significant difference and contributed greatly to smooth coordination and successful outcomes. Your professionalism and positive approach are truly commendable, and it has been a pleasure working with you. Thank you for your dedication and for maintaining such effective communication throughout.

MD Gausar AlamJan 20, 2026

Business loan liya tha, interest acha mila

Muhje darr tha ki interest rate kahi lenders jda na charge krle, phir paisabazaar pe sahi interest rate milla. Mera credit profile dekh ke or bhi bht saare factors consider karke interest rate milla.

Mohit DasJan 15, 2026

Uncle ne bataya tha Paisabazaar ke baare mai

Mai online loans ke baare mai jada nhi janta, mere chacha ne bataya tha ki Paisabazaar se loan acha milta hai. Try kiya or asli mai bohot acha experience tha.

Raju RastogiJan 14, 2026

Boutique ke liye small loan liya tha

Boutique ke liye small loan liya tha. Small entrepreneurs ke liye bht important hota hai sahi jagah se loan lena. Paiabazaar ki team bohot helpful hai.

Vanni KumariJan 13, 2026

Loan approval ke chances dikhate h

Paisabazaar se business loan lo toh pata rehta h ki kaha loan approval ke chances jada hai. Isse thoda tension kam jata h rejection ka. Acha feature hai.

Sobhit GuptaJan 5, 2026

Advisors bohot ache the

Business loan thoda confusing hota h. Advisors ne sahi guide kiya. Thanks you.

Prakash MishraJan 4, 2026

Trusting platform

I take business loan from Paisabazaar two months before. very nice experience. No jhamela, only good work done. Thank you

Priya ShawDec 30, 2025

View All Testimonials

Written By

Vandana Punj

Reviewed By

Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners

*Applicable for selected customers

Check Best Business Loan Offers
with Quick Disbursal

Talk to Expert

Talk to Expert

20 Lakh Business Loan

Calculate your Business Loan EMI Online

Your Monthly EMI Payment

Key Highlights of Rs. 20 Lakh Business Loan

Eligibility Criteria of Rs. 20 Lakh Business Loan

Documents Required for Business Loan of Rs. 20 Lakh

Business Loan of ₹20 Lakhs Fees and Charges

How to Calculate EMI for a Business Loan of 20 Lakhs?

FAQs

What CIBIL score is required for a Rs. 20 lakh business loan?

Can I get a Rs. 20 lakh business loan without collateral?

What documents are required to apply for a Rs. 20 lakh business loan?

What is the interest rate for a Rs. 20 lakh business loan?

What is the repayment tenure for a Rs. 20 lakh business loan?

Business Loan Articles

What our customers say

Talk to Expert

Talk to Expert

20 Lakh Business Loan

Calculate your Business Loan EMI Online

Your Monthly EMI Payment

Key Highlights of Rs. 20 Lakh Business Loan

Eligibility Criteria of Rs. 20 Lakh Business Loan

Documents Required for Business Loan of Rs. 20 Lakh

Business Loan of ₹20 Lakhs Fees and Charges

How to Calculate EMI for a Business Loan of 20 Lakhs?

FAQs

What CIBIL score is required for a Rs. 20 lakh business loan?

Can I get a Rs. 20 lakh business loan without collateral?

What documents are required to apply for a Rs. 20 lakh business loan?

What is the interest rate for a Rs. 20 lakh business loan?

What is the repayment tenure for a Rs. 20 lakh business loan?

Business Loan Articles

What our customers say

Disclaimer