How long does business loan approval take?

The time it takes to get business loan approval in India varies on many factors like lender’s processes, the type of loan as well as how complete the paperwork is. So, if the documentation is in order and your credit history is strong, approval could take just 24 to 72 hours for smaller loans or digital loan applications from lenders. For larger loans or complicated cases, loan processing can take a week or longer.

Using online platforms can expedite the process, as the files can be submitted simultaneously, and you are able to track where you are in the process in real-time.