Need a ₹15 lakh boost to grow your business? Whether you’re planning to scale operations, manage cash flow, upgrade infrastructure, or meet bulk orders, a business loan of ₹15 lakh can be a powerful tool, especially when it’s available without any collateral.

With DMI Finance, you can apply for an unsecured business loan up to ₹15 lakh, through a fully digital process with minimal documentation. In this blog, we’ll walk you through everything you need to know, from eligibility and documentation to interest rates and smart application tips, to help you secure a ₹15 lakh business loan with ease and confidence.

Why Choose a ₹15 Lakh Business Loan?

A ₹15 lakh business loan offers the perfect balance between scalability and affordability. It’s a substantial amount that can support major business upgrades while still allowing for manageable monthly EMIs. Here are some smart ways entrepreneurs use a ₹15 lakh business loan:

• Expansion Projects: Launch a new outlet, renovate existing premises, or expand into new markets.
• Bulk Inventory Procurement: Stock up for festive seasons, sales events, or fulfil bulk customer orders.
• Hiring & Payroll Management: Recruit skilled staff or manage salaries during periods of rapid growth.
• Marketing Campaigns: Invest in performance marketing, local branding, or digital advertising to increase reach.
• Technology & Tools: Upgrade business-critical software, buy point-of-sale systems, or invest in machinery.
• Cash Flow Management: Maintain smooth operations by covering rent, utilities, or vendor payments during slow cycles.

Whether you’re running a retail shop, small manufacturing unit, or service-based business, a ₹15 lakh loan can give you the momentum to grow with confidence.

Key Features of DMI Finance Business Loans

Features	DMI Finance
Loan Amount	₹1 lakh – ₹25 lakh
Tenure	12–36 months
Interest Rate	18% – 24.90%
Collateral	Not required
Application	100% digital

Eligibility Criteria for DMI Finance ₹15 Lakh Business Loan

Individuals who meet the eligibility criteria below can apply for a ₹15 lakh loan for business from DMI Finance.

• Minimum Age: 23 years
• Minimum Annual Income: ₹3,00,000
• Credit Score: 700+ preferred
• Business Vintage: At least 24 months
• Eligible Entities: Sole proprietors, partnership firms, private limited companies, MSMEs, traders, professionals

Documents Required

Category	Documents Needed
KYC	Aadhaar, PAN, Passport, Voter ID
Business Proof	GST registration, Trade license, MSME certificate
Income Proof	Last 6–12 months’ Bank Statements, ITR, Profit & Loss Statement
Address Proof	Utility bill, Rent agreement, Aadhaar card

How to Apply for a ₹15 Lakh Loan for Business – Step-by-Step

• Download the DMI Finance App from the Google Play Store or Apple App Store.
• Check Your Eligibility by entering key details such as monthly income, credit score, any existing EMIs, etc.
• Upload Your Documents securely through the app.
• Verification by DMI Finance – our team will review your application and documents.
• Get Your Loan Offer if you meet the eligibility criteria.
• Accept the Offer, and the approved amount will be directly transferred to your bank account.

Tips to Improve Your Approval Chances

• Maintain a credit score of 700+
• Keep your debt-to-income ratio low
• Prepare all financial documents in advance
• Apply for an amount aligned with your repayment capacity
• Avoid multiple loan applications at the same time

Also read: How to build and maintain a good credit score?

EMI for ₹15 Lakh Business Loan

Here’s an example of a ₹15 lakh business loan:

Loan Amount	Tenure	Interest Rate (approx.)	Monthly EMI
₹15,00,000	36months	18% p.a.	₹54,229

A ₹15 lakh business loan can unlock the next phase of growth for your business, whether you’re scaling operations, investing in equipment, or managing working capital efficiently. The key is to choose a lender (Banks & NBFC) that prioritises ease, speed, and transparency.

With DMI Finance, you get the benefit of collateral-free loans, minimal paperwork, and a 100% digital process, making it easier to access funding when it matters most. From eligibility to disbursal, the experience is built for today’s entrepreneurs.

Need ₹15 lakh for your business? Apply online with DMI Finance and take the next confident step toward your business goals.

Frequently Asked Questions (FAQs)

1. How can I get a ₹15 lakh business loan without collateral?
You can apply for a ₹15 lakh unsecured business loan through DMI Finance.

2. What is the minimum credit score required for a ₹15 lakh loan?
Most lenders, including DMI Finance, generally require a minimum credit score of 700. A higher score improves your chances of faster approval and better interest rates.

3. What is the EMI for a ₹15 lakh business loan?
EMIs depend on tenure and interest rate. For example, a ₹15 lakh loan at 18% interest for 36 months would have an EMI of around ₹54,229. Use a business loan EMI calculator to estimate your monthly payments accurately.

4. How fast can I get a ₹15 lakh business loan disbursal from DMI Finance?
If your documents are in order and you meet the eligibility criteria, DMI Finance can disburse the loan within 24–72 hours after approval, thanks to a fully digital process.

5. Can startups apply for a ₹15 lakh business loan?
No, DMI Finance requires a minimum business vintage of 24 months. Startups that haven’t completed two years may not qualify for business loans.

6. What documents do I need to get a ₹15 lakh business loan?
You’ll typically need:

• PAN & Aadhaar
• Business registration documents
• Last 6–12 months’ bank statements
• Address proof of business and the applicant

7. Can I get a ₹15 lakh loan for business expansion or working capital?
Absolutely. A ₹15 lakh loan can be used for expansion, inventory, marketing, equipment purchases, working capital, etc.

8. Is a ₹15 lakh loan suitable for MSMEs?
Yes, it’s ideal for MSMEs looking to bridge financial gaps or scale operations. It strikes a balance between substantial funding and manageable EMI obligations.

9. How to apply for a ₹15 lakh business loan online?
Download the DMI Finance app from the Play Store or IOS, fill in basic business and personal details, upload required documents, complete the e-KYC, and submit.