Download AppGet the app — instant
card and loan offers!
Close
Paisabazaar Logo - Compare loans and credit cards

Micro Loans

Micro loans can be very helpful when you need to fund various short-term business requirements. Compare curated offers from multiplelenders and select the most suitable micro loan offer to get competitive interest rates and relaxed loan terms at Paisabazaar....

Grow your Business with Loans
Starting at 13%

Rupee IconLowest Interest Rates
google-play-icon

Google Play Store

4.5/5

15.5L Reviews

5cr+Satisfied Customers
65+Lending Partners
800+Cities across India

Paisabazaar Exclusive Benefits

Icon image of Best Loan Offers

Best Loan Offers

Curated Offers from 20+ Lenders

Icon image of Unsecured Loan

Unsecured Loan

Term Loan & OD Facilities Available

Icon image of Expert Advice

Expert Advice

Guidance & Assistance

Icon image of Top Up Facility

Top Up Facility

Loan to Get Additional Funds

Find Best Business Loan Offers

Sort by:

HDFC Bank
Max Loan Amt.Upto ₹75L
Rate of Interest10.75% - 28%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
ICICI Bank
Max Loan Amt.Upto ₹50L
Rate of Interest13.25% 19.25%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
Axis Bank
Max Loan Amt.Upto ₹75L
Rate of Interest15% - 19.25%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
Why Choose Paisabazaar?
image of Compare & Choose the <strong>Best Offer</strong>

Compare & Choose the Best Offer

image of Pre-approved Offers with <strong>Instant Disbursals</strong>

Pre-approved Offers with Instant Disbursals

image of Know Your <strong>Chances of Approval</strong>

Know Your Chances of Approval

image of End-to-End <strong>Digital Process</strong>

End-to-End Digital Process

How Can I Apply for a Business Loan Online?

Get up to ₹1 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Enter OTP to verify your mobile number.

Step 3: Provide your personal details.

Step 4: Select a bank account for account aggregator consent.

Step 5: Compare offers and apply for the best-suited loan.

What Are Micro Loans?

Small-value business loans are offered to individuals or very small businesses to help them sustain their income-generating activities. These business loans are used to fund basic, short-term financial needs of these individuals without pledging collateral.

Micro Business Loan Interest Rate

The interest rate of micro loans might vary across lenders depending on many factors, including the credit profile of the borrower, loan tenure, existing debt obligations, etc. You can get a business loan at Paisabazaar starting from 13% p.a.

Micro Loan Eligibility Criteria

While most micro loans are unsecured, applicants have to fulfil some basic eligibility criteria set by lenders. These typically include:

  • Age: Between 18 and 65 years old.
  • Citizenship: Indian citizen.
  • Business requirement: Should either be running a micro or small enterprise, shop, service activity in trading, manufacturing, service or allied sectors.
  • Repayment ability: Lenders check for the repayment ability of the applicant (income, business plan or past business receipts).
  • Credit history: A strong credit record helps get the loan approved; lenders often offer special loan schemes for first-time borrowers.
  • Not a defaulter: You typically should not have defaults on existing loans.

Documents Required for Micro Loans

  • Proof of Identity- Aadhaar card, PAN card, Voter ID, passport or driving licence
  • Proof of Address- Aadhaar card, utility bills (electricity/telephone), bank statements showing address
  • Business Proof- Rent agreement, bills, etc.
  • Business Registration Proof (if any)-  Shop licence, Udyam/MSME/Udyog registration, GST certificate, if applicable
  • Financial Documents- Bank statements, ITR, etc.

Avail Business Loan For
All Your Needs

Benefits of Micro Loans

Micro loans help provide access to funds to self-employed or very small businesses that face difficulty in getting traditional loans. Other benefits include:

  • Help first-time borrowers avail credit
  • Help businesses meet their working capital or other financial needs
  • Offer flexible repayment options
  • Offered without collateral
  • Help build credit history
  • Support financial inclusion

How to Calculate EMI for Micro Loans

To calculate EMI on your micro loans, visit the Paisabazaar’s business loan EMI calculator page and follow the steps mentioned below:

  • Enter the loan amount
  • Enter the loan tenure
  • Enter the interest rate if not pre-filled
  • Get instant results

Purpose of Microloans

Microloans can be used for various business-related activities, including:

  • Meeting working capital requirements
  • Maintaining cash flow
  • Managing day-to-day expenses
  • Paying salaries to staff
  • Debt consolidation

How Can I Apply for a Business Loan Online?

Get up to ₹1 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Enter OTP to verify your mobile number.

Step 3: Provide your personal details.

Step 4: Select a bank account for account aggregator consent.

Step 5: Compare offers and apply for the best-suited loan.

Explore Our Business Loan Lenders

HDFC BANKHDFC BANKAxis BankAxis BankICICI BankICICI BankIDFC First BankIDFC First BankKotak bankKotak bankTata CapitalTata Capital
View All Partners

Avail Business Loan For
All Your Needs

FAQs

Micro loans are generally loans of smaller value as compared to small business loans. These are typically availed by self-employed individuals like street vendors, small shopkeepers, grocery store owners, etc.

Yes, startups can apply for a micro loan considering they meet the eligibility criteria of lenders.

Usually, the documents required vary across lenders. However, the commonly accepted documents include proof of identity, address & business, business financials, KYC documents and more.

Yes, you can get a micro loan without collateral. Lenders will use other metrics to establish your repayment capacity.

No, checking your eligibility will not affect your credit score.

Yes, micro loans can be used for various business purposes including, including working capital requirements, day-to-day activities and more.

Yes, the government, through its various schemes, provides micro loans to businesses, including PMMY, CGTMSE, CGSS and more.

Yes, self-employed individuals can apply for a micro loan.

Business Loan Articles

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

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

icon image of Paisabazaar
Paisabazaar26 Aug 2025
icon image of Secured vs. Unsecured Business Loans: Which One Should You Choose?

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

icon image of Vandana Punj
Vandana Punj04 Apr 2025
icon image of How to Choose the Right Business Loan

How to Choose the Right Business Loan

icon image of Vandana Punj
Vandana Punj03 Apr 2025
icon image of MSME – Its Meaning, Classification, Loan Schemes, Role and Importance in India

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

icon image of Rahul Misra
Rahul Misra29 Jan 2025
icon image of Ways To Raise Capital For Your Startup Business

Ways To Raise Capital For Your Startup Business

icon image of Rahul Misra
Rahul Misra29 Dec 2024
icon image of 6 Reasons for Your Business Loan Application Getting Rejected

6 Reasons for Your Business Loan Application Getting Rejected

icon image of Rahul Misra
Rahul Misra01 Dec 2024
icon image of Business Loan or Overdraft – Which is Better?

Business Loan or Overdraft – Which is Better?

icon image of Rahul Misra
Rahul Misra09 Aug 2024
icon image of Types of Business Loans in India

Types of Business Loans in India

icon image of Rahul Misra
Rahul Misra01 Jan 2024
icon image of 5 Best Business Loan Schemes for Women Entrepreneurs

5 Best Business Loan Schemes for Women Entrepreneurs

icon image of Rahul Misra
Rahul Misra13 Apr 2023
icon image of 6 Business Ideas to Make Money Fast

6 Business Ideas to Make Money Fast

icon image of Rahul Misra
Rahul Misra29 Mar 2023
View All Articles
quotes icon

What our customers say

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.

icon image of avatar
Meher SinghJan 22, 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.

icon image of avatar
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.

icon image of avatar
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.

icon image of avatar
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.

icon image of avatar
Sobhit GuptaJan 5, 2026

Advisors bohot ache the

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

icon image of avatar
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

icon image of avatar
Priya ShawDec 30, 2025

Chote business ke liye bhi loan mila

Chote businesses ko loan milne mai dikkat hoti hai lekin yaha mil gaya. Thank you for helping small business also. Good job keep it up.

icon image of avatar
Rupesh SharmaDec 29, 2025

Quick and easy steps

Business loan apply karne se pehle yeh sochke dar lagta tha ki bohot mehnat lagegi. Lekin mai toh surprise hi hogayi Paisabazaar ka simple or easy steps dekh ke. Itna smooth process tha ki bikul hi samjh nhi aaya kab loan approve hua or kab account mai paise agaye.

icon image of avatar
Ishita SinghDec 28, 2025

Good Loan Mila

I appyled for business loan for my boutique. Proper Help given in the process. Always ready to help people. Very good experience. Will tell all to take loan only from here.

icon image of avatar
Sarmistha RoyDec 26, 2025
View All Testimonials
Sumit Kumar profile
Written ByLinkedIn icon
Sumit Kumar
Shamik Ghosh profile
Reviewed ByLinkedIn icon
Shamik Ghosh

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

*Applicable for selected customers

Knapsack with coins

Check Best Business Loan Offers
with Quick Disbursal

Scroll to top