Quick access to Rs. 4,000,000 for working capital, equipment purchase, business expansion, or inventory with transparent pricing and a fully digital process.
Loan amount
₹40,00,000
Starting rate
11.99% p.a.
Disbursal
Within 24 hrs
Get ₹40,00,000 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
₹88,958
Total Interest Payable
₹13,37,455
Total Amount Payable
₹53,37,455
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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 | 40 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. 50 lakh |
| Prepayment Charges | 0% – 5% (lender-specific) |
| Bank/NBFC | Interest Rates (% p.a.) | Processing Fees |
|---|---|---|
| HDFC Bank | 10.75% - 22.50% | Up to 2% |
| Axis Bank | 11.00% onwards (floating); 14.25%-20% (fixed)* | Up to 2% |
| ICICI Bank | 14.00% onwards | Up to 2% |
| Kotak Mahindra Bank | 13.00% onwards | Up to 2.5% |
| Bank of Baroda | 12.00% - 13.50% | Up to 2% (Max Rs. 10,000) |
| Bajaj Finance Limited | 14.00% - 23.00% | Up to 4.72% |
| IDFC FIRST Bank | 12.99% onwards | Up to 3.5% |
| IndusInd Bank | 13.00% - 22.00% | Up to 3% |
| Yes Bank | 13.75% onwards | Up to 2% |
| Tata Capital | 13.50% onwards | Up to 3% |
| L&T Finance | 15.00% onwards | Up to 3% |
| Poonawalla Fincorp | 15.00% onwards | Up to 3% |
| Piramal Finance | 16.00% - 25.00% | Up to 5% |
| InCred Finance | 15.00% onwards | Up to 4% |
| SMFG India Credit | 17.00% - 25.00% | Up to 3% |
*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. 40 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.) |
|---|---|---|---|---|
| 40 lakh | 11.99% | 5 years | 88,958 | 13,37,455 |
| 40 lakh | 15% | 5 years | 95,160 | 17,09,583 |
| 40 lakh | 18% | 5 years | 1,01,574 | 20,94,423 |
| Loan Amount (Rs.) | Interest Rate (p.a.) | Tenure | EMI (Rs.) | Interest Cost (Rs.) |
|---|---|---|---|---|
| 40 lakh | 11.99% | 2 years | 1,88,275 | 5,18,605 |
| 40 lakh | 11.99% | 3 years | 1,32,838 | 7,82,173 |
| 40 lakh | 11.99% | 5 years | 88,958 | 13,37,455 |
Eligibility: Who Can Get a Rs. 40 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. 40 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. 40 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 applicants with a lower CIBIL score as more credit risky, so they might not receive the best offers on business loan interest rates or processing fees.
Since a high credit score is frequently the first obstacle for loan acceptance and creditworthiness evaluation, the majority of leading private and public sector banks typically reject loan applications from companies with poor credit scores. Although the interest rates are usually higher to mitigate the additional risk, several NBFC lenders and fintech platforms are willing to provide business loans to MSME loan applicants with a low credit score. Even if your score is below the optimal 700+ criteria, strong GST registration compliance and steady business turnover can still significantly increase approval odds.
How Lenders Evaluate Low-CIBIL Applications: Lenders use compensating variables to determine overall loan eligibility when your CIBIL score is below 700, rather than just rejecting the application outright: consistent cash flow and turnover, business vintage, GST compliance, existing debt obligations, and collateral or guarantor support.
Options for Businesses With a Low CIBIL Score: NBFC and fintech lenders, secured or partially secured loans, smaller loan amounts first, co-applicant or guarantor, and improving your CIBIL score first.
How to Improve Approval Chances Over Time: Clear existing overdue payments, maintain consistent GST returns, avoid irregular cash deposits, avoid over-leveraging, build track record with smaller working capital loans, and check/dispute CIBIL inaccuracies.
The Trade-off to Expect: Even if they are approved, applicants with a low CIBIL score should anticipate a smaller sanctioned loan amount, a shorter loan term, or a somewhat higher business loan interest rate than what an applicant with a score of 750 or more could be eligible for. Since eligibility requirements and risk tolerance differ greatly between banks and NBFCs, it's worthwhile to compare several lenders using a platform like Bikesh Finserv rather than applying one at a time. A denial from one lender does not exclude approval from another.
Got questions?
EMI depends on interest rate and tenure. At 11.99% p.a. for 5 years, EMI is around Rs. 88,958. At 15% for the same tenure, it is around Rs. 95,160. Use the calculator on this page or our business loan EMI tool to try different combinations.
Most lenders prefer minimum annual turnover of Rs. 50 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. 40 lakh business loan.
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