Quick access to ₹30,00,000 for working capital, equipment purchase, business expansion, or inventory — with transparent pricing and a fully digital process.
Loan amount
₹30,00,000
Starting rate
11.99% p.a.
Disbursal
Within 24 hrs
Get ₹30,00,000 Business Loan at 11.99%* p.a.
Compare 30+ lenders instantly
Get funds in 24 hours
Zero impact on credit score
Your EMI will be
₹78,987
Total Interest Payable
₹7,91,365
Total Amount Payable
₹37,91,365
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Rates, fees, and disbursal timelines are indicative and may vary by lender, profile, and loan amount. *Terms & conditions apply.
| Feature | Details |
|---|---|
| Loan Amount | 30 Lakh |
| Interest Rate | 11.99% – 22% p.a. |
| Repayment Tenure | 12 – 84 months |
| Processing Fee | 1% – 4% of loan amount |
| Disbursal Time | 2–7 working days |
| CIBIL Score Required | 700+ (750+ for best rates) |
| Collateral Required | None (unsecured) |
| Minimum Turnover | Rs. 35 lakh |
| Prepayment Charges | 0% – 5% (lender-specific) |
| Bank/NBFC | Interest Rates (% p.a.) | Processing Fees |
|---|---|---|
| HDFC Bank | No flat floor published | Up to 2% + GST |
| Axis Bank | Not verifiable* | Not verifiable |
| ICICI Bank | ~11.50% onwards (Repo + 6%, secured) | Up to 2% + GST |
| Kotak Mahindra Bank | Not verifiable (~13-16% indicative) | ~2% (indicative) |
| Bank of Baroda | Formula-based (BRLLR 7.90% + spread) | ~2% (indicative) |
| Bajaj Finance Limited | ~14%-23% p.a. | Up to 3.54% |
| IDFC FIRST Bank | 12.99% p.a. onwards | Up to 3.5% |
| IndusInd Bank | 16% p.a. onwards | Up to 2% |
| Yes Bank | Not verifiable | ~2% (indicative) |
| Tata Capital | 12% p.a. onwards | Up to 3% |
| L&T Finance | 15% p.a. onwards | Up to 3% |
| Poonawalla Fincorp | 15% p.a. onwards | Up to 3% |
| Piramal Finance | 16%-25% p.a. | Up to 5% |
| InCred Finance | Not a flat figure | Up to 3-4% |
| SMFG India Credit | Not a flat figure | Up to 5% |
| Finable | No business loan product found | - |
*Bikesh Finserv special rates
Note: Rates as of 6th June 2026
Explore business loans by amount
Explore business loans by amount
An EMI calculator helps you estimate your monthly repayment before you apply. For a Rs. 30 lakh business loan, your EMI depends on the interest rate and tenure you choose — knowing this upfront helps you plan your budget with confidence.
Use our business loan EMI calculator to try different combinations, or refer to the sample tables below for quick reference.
| Loan Amount (Rs.) | Interest Rate (p.a.) | Tenure | EMI (Rs.) | Interest Cost (Rs.) |
|---|---|---|---|---|
| 30 lakh | 11.99% | 5 years | 66,718 | 10,03,091 |
| 30 lakh | 15% | 5 years | 71,370 | 12,82,187 |
| 30 lakh | 18% | 5 years | 76,180 | 15,70,817 |
| Loan Amount (Rs.) | Interest Rate (p.a.) | Tenure | EMI (Rs.) | Interest Cost (Rs.) |
|---|---|---|---|---|
| 30 lakh | 11.99% | 2 years | 1,41,206 | 3,88,954 |
| 30 lakh | 11.99% | 3 years | 99,629 | 5,86,630 |
| 30 lakh | 11.99% | 5 years | 66,718 | 10,03,091 |
Eligibility: Who Can Get a Rs. 30 Lakh Business Loan?
| Aspect | Proprietorship | Partnership / Pvt Ltd |
|---|---|---|
| Documentation | Simpler KYC and business proof | Partnership deed / MOA-AOA and board resolutions required |
| Credit assessment | Based on proprietor's personal and business credit | Entity-level and promoter credit both evaluated |
| Interest rates | Competitive rates for strong profiles | Similar rates; larger entities may negotiate better terms |
| Loan limits | Typically up to Rs. 50 lakh unsecured | Higher limits available with collateral or cash-flow backing |
| Disbursal speed | Faster for sole proprietors with clean GST/ITR | May take longer due to additional entity verification |
Below-mentioned are the documents required to apply for a Rs. 30 lakh business loan. Keep digital copies ready for a faster, fully online application.
| Particulars | Charges |
|---|---|
| Loan Processing Fees | 1% to 4% of loan amount |
| Prepayment / Part-prepayment / Foreclosure Charges | For Floating Rate: Nil; For Fixed Rate: Usually around 2% – 5% on the principal outstanding |
| Loan Cancellation | Usually around Rs. 3,000 |
| Stamp Duty Charges | As per actuals |
| Legal Fees | As per actuals |
| Penal Charges | Usually @ 2% per month; 24% p.a. |
| EMI / Cheque Bounce | Around Rs. 400 per bounce |
You can apply for a business loan through Bikesh Finserv in the following steps:
It is possible to obtain a Rs. 30 lakh business loan even if you have a low CIBIL score.
Bikesh Finserv can also approve business loans for applicants with credit scores lower than 700. However, lenders typically view these applicants with lower credit scores as more credit risky, so they might not receive the best deals on business loan interest rates or loan terms.
Since traditional banks typically have tougher underwriting standards for an unsecured company loan of this magnitude, the majority of leading private and public sector banks typically refuse loan applications from companies with low credit scores. MSMEs with poor credit scores can still receive business loans from several NBFCs and fintech lenders; however, the interest rates are usually higher to cover the increased risk. Even if your CIBIL score isn't perfect, you can still increase your chances of approval with strong GST compliance and steady turnover.
Why CIBIL Score Matters for a Business Loan: Your credit score becomes one of the main markers of repayment dependability because the majority of lenders provide this as a business loan without collateral. Even if your current business is doing well, a low CIBIL score can indicate risk because it represents your prior credit card, loan, and other credit facility payback behavior. For this reason, rather than depending solely on the CIBIL score, lenders consider it in conjunction with GST reports, bank statements, and income tax return filings.
Options If Your CIBIL Score Is Below 700: NBFCs and fintech lenders are more accommodating for self-employed business loans or business loans for small businesses; adding a co-applicant or guarantor can improve approval chances and pricing; a secured business loan route usually has lower score criteria and better pricing; and starting with a smaller loan amount can help build repayment history for later larger limits.
How to Improve Approval Chances Over Time: Clear existing overdues, maintain consistent GST returns, avoid irregular cash deposits, avoid over-leveraging, build track record with smaller loans, and monitor/dispute CIBIL inaccuracies.
The Trade-off to Expect: Even if approved, low-CIBIL applicants should expect a smaller sanctioned amount, shorter tenure, or slightly higher rate than applicants with 750+ scores. Compare multiple lenders because rejection by one lender does not imply rejection by all.
Got questions?
EMI depends on interest rate and tenure. At 11.99% p.a. for 5 years, EMI is around Rs. 66,718. At 15% for the same tenure, it is around Rs. 71,370. Use the calculator on this page or our business loan EMI tool to try different combinations.
Most lenders prefer minimum annual turnover of Rs. 35 lakh for unsecured business loans of this size. Proprietorships and MSMEs with consistent GST filings and ITRs for 2–3 years stand a better chance of approval.
Yes, though approval is harder with scores below 700. Banks may decline, but several NBFCs and fintech lenders consider lower scores with higher interest rates. Strong business cash flows, GST compliance, or collateral can improve your chances.
For pre-approved customers with complete documentation, funds can be credited within 2–3 working days. Standard applications typically take 3–7 working days after document verification and final approval.
You generally need KYC of promoters, GST registration, ITRs for last 2–3 years, 12 months' current account bank statements, GSTR-3B returns, and entity documents such as partnership deed or MOA/AOA where applicable.
Floating-rate loans often have nil prepayment charges. Fixed-rate loans may charge 2%–5% on the outstanding principal. Always check your lender's schedule of charges before signing.
Yes. Sole proprietors are eligible if they have 3+ years of business vintage, regular GST and ITR filings, and a credit score of 700+. Lenders assess both personal and business credit for proprietorships.
Rates typically range from 11.99% to 22% p.a. depending on lender, credit score, turnover, business vintage, and entity type. Applicants with 750+ CIBIL scores and strong financials usually qualify for the best rates.
Compare offers, check eligibility, and get funds for your Rs. 30 lakh business loan.
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