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Micro Loans

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15.6L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
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Unsecured Loan

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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?
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Choose from 20+ Partner Banks/NBFCs

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Pick from Secured & Unsecured Options

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Get Working Capital & Top-Up Loan Solutions

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Flexible Tenure of Up to 4 years

How Can I Apply for a Business Loan Online?

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.

Apply Now

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.

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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?

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.

Apply Now

Explore Our Business Loan Lenders

HDFC BANKHDFC BANKAxis BankAxis BankICICI BankICICI BankIDFC First BankIDFC First BankKotak bankKotak bankTata CapitalTata Capital
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All Your Needs

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FAQs

How is a micro loan different from a small business loan?

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.

Can startups apply for a micro loan?

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

What documents are required for a micro loan?

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

Can I get a micro loan without collateral?

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

Does checking eligibility affect my credit score?

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

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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.

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Meher SinghJan 22, 2026

Hassle-free Business Loan

I would like to take a moment to sincerely appreciate Rohit Kumar\'s (EW25946) continuous support and clear communication. Your timely responses, cooperation, and willingness to help have made a significant difference and contributed greatly to smooth coordination and successful outcomes. Your professionalism and positive approach are truly commendable, and it has been a pleasure working with you. Thank you for your dedication and for maintaining such effective communication throughout.

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MD Gausar AlamJan 20, 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.

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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.

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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.

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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.

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Sobhit GuptaJan 5, 2026

Advisors bohot ache the

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

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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

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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.

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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.

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Ishita SinghDec 28, 2025
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