Can I increase the credit limit of my business loan?

Yes, you most certainly can.

However, any increase in the credit limit is subject to the eligibility criteria at the time of your request.

Do note, however, that increasing your credit limit is at the sole discretion of your lender (bank or NBFC). A good credit score and higher eligibility helps, although.

In order to increase your credit limit, all you have to do is communicate the same to your lender. In your application, you must present fresh documents for the increased amount.