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Business Loan Interest Rates - HDFC, Bajaj, ICICI Bank, All Banks

Last Updated 28th Mar 2017

Business Loan Interest Rates in India

  • Lowest business loan interest rates starting @13.50%*
  • Get lowest EMI of Rs. 2,301 on business loan
  • Earn cashback upto Rs. 2,500 on business loan
  • Compare and get best offers for self employed from various banks
  • Maximum loan tenure upto 5 years
  • Flexi loans, nil prepayment charges options
  • Apply Business Loan Online without any security or collateral
Apply Business Loan @ 13.50%*

Business Loan

gives the facility of business loan to the people who need finance to expand their business. There are some benefits of taking business loan from :

  • You can prepay part of your loan anytime after paying % prepayment charges
  • You can foreclose your entire Business loan anytime after paying the forclosure charges
  • has been rated 4/5.0 by customers for its service quality on MyLoanCare

Business Loan

Business loan interest rates offered by are fixed as well as floating

  • Fixed rates allow you to borrow loan at a fixed price which won’t change in the whole tenure in case of change in benchmark rate and should be chosen only if you believe that the rates will not hike in future
  • In contrast to this are floating rates which changes with a single change in benchmark rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates

Business Loan Interest Rate depends upon

  • Loan amount: Business loan rate in depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
  • CIBIL Score: offers business loan at higher interest rate if your CIBIL score is poor or vice versa
  • Monthly Revenue: will avail you business loan at lower interest rate if you have higher monthly revenue
  • Time in Business: offers business loan at lower rates if you are doing business since long time

Business Loan Charges

Foreclosure Charges- These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. allows prepayment of business loan after paying EMI’s with prepayment charges

Business Loan EMI Calculator

Business Loan EMI is a fixed amount that you pay each month towards the repayment of your business loan till the end of tenure. Lowest EMI offered by is 0 per lakh loan amount. Business loan EMI of depends on factors like:

  • Interest Rate: Higher the interest rate, higher will be the EMI. For a months business loan from at interest rate of % per annum, EMI will be Rs. 0 per Rs. one lakh loan amount.
  • Loan tenure: Longer the loan tenure, lesser your monthly EMI. At interest rate of % per annum, the EMI on business loan would range from Rs. 0 to Rs. 0 for loan tenure ranging from to months
  • Amount Borrowed: Loan EMI will be high if you apply for a high loan amount. For amount borrowed 0, the EMI at % for months would be 0.

What are the benefits of calculating business loan EMI?

  • Business loan EMI calculator of helps you to calculate your monthly EMI at different rate of interest
  • EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly

Business Loan Eligibility Calculator

Business loan eligibility criteria

Eligibility of Business loan in relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are

  • Profitability: Business loan eligibility significantly depends upon profitability status and future prospects of your business.
  • Business Stability: Future business prospects and its stability is important to improve your eligibility for business loan.
  • CIBIL Score: When checking eligibility for business loan, will look at the complete CIBIL report. will check your repayment history for all current and past loans and credit cards.

Business Loan documents required

  • Address proof of individual: Aadhar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills.
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhar Card, Voter’s ID Card
  • Business existence proof: PAN, sales tax/ excise/ VAT/ service tax registration, copy of partnership deed, trade license, certificate of practice, registration certificate issued by RBI, SEBI

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