If you go for a traditional business loan, it will take much more time. So, customers hesitate to take the business loan through Banks. 24hr Loan solves this problem. Now you take business loan up to 10 lakhs. The loan disbursement time is 3 days.
Business Loan Up To 10 Lakh
| Loan Amount | Up to Rs.10 Lakhs |
| Interest Rate | 12%– 28% per annum |
| Loan Tenure | 6 months – 36 months |
| CIBIL Score | 700+ |
| Processing Charge | Up to 5% of the loan amount |
| Eligible For | Self Employed Business |
Benefits of Business Loan Up To 10 Lakh
Grow Business: You can grow your business with this instant business loan. Buy equipment for your business.
Online Application: Get the benefit of the digital loan application process. Apply for a business loan online without going to the branch.
Documents Process: The business loan is available with minimal documents process. Lower documents will help you to get quick approval.
Without Collateral: This is an unsecured business loan. So, 24hr loan not taking any security for this business loan.
Fast Disburse: The fund will credit to your bank account within 3 days.
Flexible EMI: Lower EMI will help to maintain a good credit score. Take up to 36 months of repayments tenure facility.
Eligibility Criteria for 10 Lakh Business Loan
For quick loan approval, you have to meet the eligibility criteria. Take a fast look for a 10 lakh business loan in India.
- Indian Citizen
- Your Age: 23 to 55 years
- The previous Loan track should be 3 years old
- Self-Employed Business (Proprietor/ Individual)
- 2 years Business Vintage Proof
- Average Bank Balance Rs. 6,000 required (Yearly 2 lakhs gross income).
Also Read: How much business loan can I get in India?
Required Documents
- Aadhaar Card
- Pan Card
- 2 years IT (Income Tax) File.
- Recent & Old Trade License
- 6 months of recent Bank Statement PDF
- Residential Documents (Electricity bill/ Property Paper)
- Cancel Cheque
Business Loan Up To 10 Lakh Interest & Charges
| Interest Rate | 12% to 28% p.a. |
| Processing fee | Up to 5% of the loan amount |
| Delayed payment Charges | 18% p.a. per delayed loan payment |
| EMI Overdue Charge | Rs. 500 per delayed loan payment |
| Payment default Fees | Rs. 500 |
How to Apply for Business Loan Up To 10 Lakh
Step 1: Submit your application through the “Apply Now” button.
Step 2: You should fill in all the basic queries carefully.
Step 3: You will get a call from the lender.
Step 4: Send your documents to [email protected] or Whatsapp: 8777259672.
Step 5: Lender will verify your documents & give you loan approval.
FAQs on Business Loan up to 10 Lakh
Can I apply for a business loan with a one-year ITR?
Customers may apply with a one-year ITR File. But the loan amount will be low.
What is the interest rate of 10 lakhs business loan?
The interest rate of 10 lakh business loan is 12% to 28%.
Which lender provides business loan up to 10 lakhs?
Different lenders like IIFL, Faircent, FT Cash, Indifi & Lendingkart provide business loan up to 10 lakhs.