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Applying for a small loan is a common practice for individuals and businesses alike in India. Small loans are usually used to finance short-term projects or to cover unexpected expenses. However, the process of applying for a small loan can be daunting, especially for those who are new to the process. In this article, we will discuss everything you need to know about applying for a small loan in India. We will cover the different types of small loans available, the application process, and the documents required to apply for a small loan. Types of Small Loans There are several types of small loans available in India. Each loan type has different eligibility criteria, interest rates, and repayment terms.