Business loan by amount
₹10 Lakh Business Loan.
Falls within the Mudra Tarun category and CGTMSE's collateral-free guarantee cover for eligible MSMEs. See your EMI below.
Where ₹10 lakh sits under Mudra
₹10 lakh is the absolute ceiling of the Mudra scheme — Mudra Tarun covers ₹5 lakh to ₹10 lakh, and nothing above that falls under Mudra at all. Above this amount, a loan moves into regular MSME lending, where CGTMSE's collateral-free guarantee can still apply separately, but the process and documentation shift from Mudra's lighter framework to a standard business loan application.
- Principal amount
- ₹10,00,000
- Total interest
- ₹2,75,840
- Total amount
- ₹12,75,840
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹2,05,466 | ₹1,13,494 | ₹7,94,533 |
| 2 | ₹2,32,676 | ₹86,284 | ₹5,61,858 |
| 3 | ₹2,63,484 | ₹55,476 | ₹2,98,374 |
| 4 | ₹2,98,373 | ₹20,587 | ₹0 |
Frequently asked questions
Is a ₹10 lakh business loan collateral-free?
Often yes — this falls within the Mudra Tarun category (₹5,00,001-₹10 lakh) and within CGTMSE's collateral-free guarantee cover for eligible MSMEs, though individual bank/NBFC unsecured business loan products also commonly go up to this size.
What documents are needed at this size?
Typically 2+ years of ITRs and audited or CA-certified financials, GST returns, 6-12 months of bank statements, and Udyam/MSME registration — lenders scrutinize this more closely than a ₹5 lakh application.