Running a business in India comes with its fair share of opportunities and challenges. Whether you're managing cash flow, purchasing inventory, or planning to expand, access to quick funding can make a significant difference.
Fortunately, today’s financial landscape in India offers several quick business loan options that are fast, accessible, and tailored for entrepreneurs.
So, where exactly can you find these loans? Let’s explore the top options available for Indian business owners.
1. Digital Lending Platforms
With the rise of fintech, digital lending platforms have transformed how small businesses access credit in India. These platforms leverage technology to simplify the loan application process, verify documentation digitally, and offer quick disbursals—sometimes within 24 to 72 hours.
Some popular digital lenders in India include:
- Lendingkart
- Indifi
- Razorpay Capital
- NeoGrowth
- FlexiLoans
Most of these platforms offer unsecured business loans, require minimal paperwork, and use AI-driven algorithms to assess your creditworthiness.
Best for: Startups, MSMEs, and retail businesses needing quick access to funds without heavy documentation.
2. NBFCs (Non-Banking Financial Companies)
NBFCs have emerged as key players in India’s business loan ecosystem. They are often more flexible than traditional banks and cater specifically to small businesses and self-employed individuals.
Well-known NBFCs that offer fast business loans in India include:
- Bajaj Finserv
- Tata Capital
- Fullerton India
- Hero FinCorp
These institutions provide loans with a quicker turnaround time and less stringent eligibility criteria than banks. Most NBFCs offer digital applications and disburse loans within 2–5 working days.
Best for: Small businesses looking for quick and flexible funding options.
3. Banks Offering Pre-Approved or Instant Business Loans
Some private and public sector banks in India have started offering instant business loans to existing customers with a good credit history. These are usually pre-approved loans and can be availed online through internet banking or mobile apps.
Banks offering such services include:
- HDFC Bank
- ICICI Bank
- Axis Bank
- Kotak Mahindra Bank
These loans can be disbursed within a day if all documentation is in place. However, they are usually available only to customers with a proven track record and an existing relationship with the bank.
Best for: Existing bank customers with stable income and strong repayment history.
4. Government Schemes for MSMEs
The Indian government supports small businesses through various quick and collateral-free loan schemes under its MSME development initiatives. Some of the notable ones include:
- MUDRA Loans (under Pradhan Mantri MUDRA Yojana)
- Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
- Stand-Up India Scheme
- SIDBI Make in India Soft Loan Fund for MSMEs (SMILE)
Though these are government-backed, many of the applications can now be processed online with faster turnaround times thanks to initiatives like Udyam Registration and integration with banks.
Best for: MSMEs looking for structured, low-interest loans with government backing.
5. Merchant Cash Advance Providers
If your business accepts digital payments or card transactions regularly, merchant cash advances (MCAs) are another quick funding option. These loans are based on your daily or monthly transaction volume.
Fintech companies like Paytm, BharatPe, Pine Labs, and Instamojo offer cash advances based on your payment history. Repayment is usually made through a percentage of your daily sales, making it flexible and manageable.
Best for: Retailers, restaurants, and small vendors with steady digital payment flows.
Final Thoughts
The Indian lending ecosystem has evolved rapidly, and business owners now have access to multiple fast and flexible loan options. Whether you go through a bank, NBFC, fintech platform, or a government scheme, the key is to choose a loan that matches your business goals and cash flow.
Before applying, always:
- Compare interest rates and processing fees
- Check repayment terms and penalties
- Review your business’s credit profile and financial health
Finding a quick business loan in India isn’t hard—it’s about finding the right one. Choose wisely, and your business can be better prepared for growth, opportunities, or even emergencies.
