If your credit score is low, will your company financing be denied?

Indeed. It will. It demonstrates your poor financial decision-making abilities. Using a large proportion of credit amounts is one of the most frequent reasons a loan is denied. About 30% of the entire credit amount is the typical percentage

How can I increase my chances of getting a business loan?

Here are some tips: Have your present statements of finances in place. Ensure your business and personal credit histories are good. Establish trustworthy connections with lenders. Prepare yourself to risk significant collateral. Develop an understandable and clear business strategy. Check the present-day economic circumstances. Improve the growth of sales while achieving an effective annual turnover. Whenever you choose a lender, check that you meet all of his eligibility requirements.

How is the Business Loan EMI calculated?

You may determine the EMI of your business loan with the use of My Mudra Business Loan EMI Calculator. This functionality significantly improves client convenience.

How is the Business Loan processing fee calculated?

The maximum processing cost is 2% + GST, and it applies to all services.

How long will my business loan take to be processed?

Loan processing and payout will take at least 7 working days once the lender receives all needed documents and information in accordance with its standards. All loan approvals are at the lender's unique decision.

Business Loan

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Purpose: Your data is collected exclusively to check your loan eligibility and securely connect you with your chosen lending partner. We process this information strictly in accordance with RBI guidelines to facilitate your application. We do not sell your data, and it is used exclusively to facilitate your loan application.

Get an instant business loan of up to ₹10 Cr today from us without a guarantor or collateral to fund your business requirements, be it for business expansion, working capital, or other expenses.

Up to ₹1 Crore

No Collateral

Fast Disbursal

Low Interest Rates

Last Updated: Sep 7, 2026

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Quick Guide

What is a Business Loan?

A business loan is a form of financing that offers money to companies to finance expenses such as working capital, equipment acquisition, business growth, or cash flow management. Lenders like banks, NBFCs, and financial institutions provide these loans with certain repayment conditions and interest rates. Companies can opt for secured loans (collateral-based) or unsecured loans (no collateral) depending on their requirements and financial position.

My Mudra Online Business Loan Features

Fulfill your Financial Needs

Acquire a business loan at such low interest rates and without any collateral or security.

Fast Disbursal of Loan

Obtain a business loan in few hours.

Flexible Tenure

You can repay your loan over period of 18-48 months.

Assignment of Financial Advisors

My Mudra will assign a financial advisor to a customer which makes the overall process more efficient.

Stay Protected

Keep your savings intact by not using them for repayment. Enjoy tax benefits.

Eligibility

Business Loan Eligibility Criteria

Any individual can simply apply for a business loan online if you fulfill these simple business loan eligibility criteria:

Age Requirement

Applicant must be between 25 and 65 years old to apply for a business loan online.

Eligible Entities

Self-employed individuals, private limited companies, and partnership firms who are into manufacturing can avail a quick business loan.

Revenue Requirement

The company needs to have a minimum revenue of ₹40 lakhs to be eligible for an instant business loan.

Experience Criteria

Applicants should have at least three years of experience in the current industry and a total of five years of business experience to apply for a business loan online instant approval.

Profitability

The firm should have been profitable over the past two years in order to get an online business loan.

Minimum Total Requirement (MTR)

The business's Minimum Total Revenue (MTR) should be at least ₹1.5 lakhs to qualify for a fast business loan online.

Documents Required for Business Loan

Documents

Identity Proof

Aadhar Card

PAN Card

Photo

Identity Proof

GST Registration

Business Proof

Income Proof

Identity Proof

Financial details of the company.

Proof of address & photo identity.

Simple Application Process

Apply for Business Loan Online

Follow the given below steps to apply for business loan from My Mudra:

Step 1

Step 1: Enroll with your mobile number to begin your business loan apply process.

Step 2

Step 2: Enter your business loan details online.

Step 3

Step 3: Share your business details to apply for a quick business loan.

Step 4

Step 4: Receive a verification message for your business loan online approval.

Step 5

Step 5: Our financial advisor will call you to assist you with the next step.

Step 6

Step 6: Get your instant business loan credited quickly.

Business Loan Fees and Charges

Here are the fees you incur when you take a business loan from My Mudra

Particulars	Charges
1Loan Processing Fees	Loan processing charges are between 0.5% to 4% of the loan for an online business loan.
2Pre-Payment Charges	For Floating Rate: NIL. For Fixed Rate: Usually around 2% – 5% on the principal amount for an instant business loan online.
3Stamp Duty Charges	Stamp duty charges are applicable as per actuals when you apply business loan online.
4Legal Fees & Charges	Legal fees are applicable as per actuals when securing a quick business loan.

Business Loan EMI Calculator

Calculate your monthly payments with our Business Loan EMI Calculator. Simply input the loan amount, interest rate, and tenure to know how much you'll have to pay every month for your business loan. It enables you to plan ahead of time before applying for a business loan online or availing an instant business loan with fast approval from My Mudra.

Loan Details

Loan Amount

₹

₹1,000₹100,000,000

Interest Rate

1%50%

Tenure

months

6 months180 months

Results

Monthly EMI

₹23537

Total Payable

₹564882

Interest Amount

₹64882

11.5%

Repayment Options

Various Types of
Business Loan Repayment

EMI

On a certain date, a borrower makes an instalment payment to a lender. The EMI is fixed during the period of the loan. This is one of the most widely used business loan repayment forms to ensure regular and easy payments.

Foreclosure

Foreclosure involves repaying the entire outstanding amount of the business loan prior to the deadline. An instant business loan has a lock-in period during which you may opt for foreclosing the outstanding amount. If you have some additional income, foreclosure helps you save interest payments.

Part Prepayment

Part-prepayment enables you to pay off a part of your business loan in the form of multiple EMIs. This decreases the interest burden and outstanding principal. If you get more funds, you can utilize them for part-prepayment to pay off your business loan amount sooner.

Bullet Payout

In a bullet repayment, the borrower makes only the interest monthly and pays off the whole business loan amount at the term's end. This is suitable for businesses anticipating large future cash inflows.