You can secure a ₹1 crore or more business loan with the right approach, it can be a smooth and achievable process. Whether you're expanding your business, investing in new technology, or managing cash flow, large business loans can fuel growth and take your enterprise to the next level. Here’s how you can easily secure a ₹1 crore or more business loan.
Lenders have specific requirements for high-value business loans. Before applying, ensure you meet these basic eligibility criteria:
- Business Age & Stability – Most banks and NBFCs require businesses to be operational for at least 3 years with a steady revenue stream.
- Annual Turnover – Lenders prefer businesses with a turnover of ₹1.5 crore or more to approve a ₹1 crore+ loan.
- Credit Score – A strong credit score (750+) increases your chances of approval.
- Financial Statements – Your balance sheet, profit & loss statements, and ITR filings should reflect financial health.
There are different types of loans available, depending on your business needs:
- Term Loans – Ideal for expansion, infrastructure, or long-term investments.
- Working Capital Loans – Helps in managing daily expenses and cash flow.
- Loan Against Property –A secured option where your commercial or residential property acts as collateral.
- Invoice Financing – Useful for businesses with outstanding invoices needing immediate cash flow.
Lenders evaluate your repayment capacity through financial documents. Ensure you have
- Last 3 years’ audited financial statements
- GST returns & income tax filings
- Bank statements for the past 6–12 months
- Proof of business ownership & legal registrations
Well-organized financial records boost lender confidence and speed up approval
To easily secure a ₹1 crore+ loan, maintain a strong credit profile:
- Clear existing debts to reduce your debt-to-income ratio
- Make timely repayments to build a strong credit history.
- Maintain a healthy bank balance to reflect good cash flow management.
A strong financial standing makes lenders more willing to offer high loan amounts.
Different lenders have varying policies for large business loans:
- Banks – Offer competitive interest rates but require extensive documentation.
- NBFCs (Non-Banking Financial Companies) – Provide faster approvals with flexible criteria.
- Fintech Lenders –Ideal for quick processing with digital documentation.
Compare interest rates, processing fees, repayment terms, and approval times before choosing a lender.
For higher loan amounts, lenders may ask for collateral like:
- Commercial or residential property
- Machinery or equipment
- Stock or inventory
- Fixed deposits or mutual funds
Secured loans usually come with lower interest rates and higher chances of approval.
A well-prepared business plan increases your chances of loan approval. Highlight:
- Purpose of the loan – Expansion, working capital, or new investment.
- Projected revenue growth – How the loan will increase profits.
- Repayment strategy – A clear plan to repay the loan on time.
A compelling plan assures lenders that you will use the funds effectively and repay on time.
Most banks and NBFCs now offer online loan applications, reducing paperwork and speeding up approvals. Keep your documents ready for upload, and track your application status online.