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Business Loan

Offering premium lending solutions, Money xpress assists diverse clients via comprehensive business loan services. Bridging the gap between lenders and loan providers, we ensure lightning-fast processing of business loans with minimal documentation and maximum efficacy.

B width="200"est Business Loan Interest Rates Available from India's Top Banks

Business Loan Banks Interest Rate Processing Fee Rating Loan Amount/Tenure

Axis Bank Buisness Loan

11.5% - 20% 2%
4.5★
₹50K - ₹50L
Tenure(0 - 3 Years)

Kotak Mahindra Bank Buisness Loan

16% - 19.99% upto 2%
4.5★
₹3L - ₹75L
Tenure(1 - 5 Years)

Hdfc Bank Buisness Loan

10% - 22.5% Up to 2%
4.5★
₹50K - ₹50L
Tenure(1 - 4 Years)

Yes Bank Buisness Loan

16% 2% - 2.5%
4.5★
Up to ₹50L
Tenure(1 - 5 Years)

HSBC Bank Buisness Loan

8.75% upto 1%
4.5★
Up to ₹7Cr

Fullerton india Business Loan

17% - 21% Up to 6.5%
4.5★
Up to ₹50L
Tenure(1 - 48 Years)

Deutsche Bank Buisness Loan

24% upto 3%
4.5★
₹10L - ₹50L
Tenure(1 - 3 Years)

Bajaj Finserv Buisness Loan

9.75% - 30% upto 3.45%
4.5★
₹25K - ₹45L
Tenure(Up to 5 Years)

Tata Capital Financial Buisness Loan

19% 1.5% - 2.5%
4.5★
₹5L - ₹75L
Tenure(1 - 3 Years)

Hero Fincrop Buisness Loan

Up to 26% Up to 2%
4.5★
₹5L - ₹25L
Tenure(Up to 3 Years)

Shriram urban co-operative Buisness Loan

15% Up to 2%
4.5★
₹1L - ₹1Cr
Tenure(1 - 5 Years)

Aditya Birla Finance Limited Buisness Loan

14% Up to 2%
4.5★
₹50K - ₹15L
Tenure(1 - 3 Years)

IIFL Finance Limited Buisness Loan

12.75% - 33.75% 2% - 4%
4.5★
₹1L - ₹50L
Tenure(1 - 4 Years)

Edelweiss Financial Buisness Loan

18% Up to 2%
4.5★
₹3.5L - ₹25Cr
Tenure(2 - 4 Years)

DHFL Buisness Loan

17% 0.5% - 2%
4.5★
₹5L - ₹30L
Tenure(Up to 5 Years)

ujjivan small Finance Buisness Loan

17% - 19% 0.5% - 2%
4.5★
₹10L - ₹25L
Tenure(3 - 10 Years)

Neogrowth Buisness Loan

24% 2% - 4%
4.5★
₹1L - ₹75L
Tenure(0 - 2 Years)

Lending Cart-nbfc Buisness Loan

12% - 46% 2% - 3%
4.5★
₹50K - ₹2Cr
Tenure(1 - 3 Years)

Ftcash Buisness Loan

Up to 18% Up to 2%
4.5★
₹1L - ₹50L
Tenure(Up to 3 Years)

Loantap credits products Buisness Loan

18% Up to 2%
4.5★
₹50K - ₹2.5L
Tenure(Up to 3 Years)

INDIFI Buisness Loan

15% - 24% 2% - 3%
4.5★
₹50K - ₹1Cr
Tenure(Up to 3 Years)

Digikredit-SME corner Buisness Loan

19% 3% - 5%
4.5★
₹50K - ₹25L
Tenure(1 - 3 Years)

INTELLGROW Buisness Loan

14% - 24% 2% - 3%
4.5★
₹15L - ₹50L
Tenure(1 - 3 Years)

Poonawalla Fincrop Buisness Loan

15% Up to 2%
4.5★
₹1L - ₹30L
Tenure(1 - 3 Years)

RBL bank Buisness Loan

12% - 26% 2.5% - 3%
4.5★
₹1L - ₹35L
Tenure(1 - 3 Years)

IDFC first Buisness Loan

15% 3.5% - 5%
4.5★
₹1L - ₹9L
Tenure(Up to 4 Years)

ICICI bank Buisness Loan

12.9% - 16.65% 1% - 2%
4.5★
₹1L - ₹40L
Tenure(1 - 7 Years)

indiabulls Buisness Loan

13.99% 1% - 2%
4.5★
₹5L - ₹25L
Tenure(1 - 4 Years)

L & T Finance Buisness Loan

15.5% - 20.5% Up to 2%
4.5★
Up to ₹50L
Tenure(5 - 6 Years)

Capital First Ltd. Buisness Loan

15% Up to 6.5%
4.5★
Up to ₹40Cr
Tenure(Up to 10 Years)

Tata capital Housing Finance Buisness Loan

19% 1.5% - 2.5%
4.5★
₹5L - ₹75L
Tenure(1 - 3 Years)

DCB Bank Buisness Loan

8.25% - 18% upto 2%
4.5★
₹1L - ₹40L
Tenure(1 - 15 Years)

CITI Bank Buisness Loan

12% - 18% upto 2%
4.5★
₹1L - ₹30L
Tenure(1 - 5 Years)

HDFC SALES Buisness Loan

11.9% - 21.35% Up to 2.5%
4.5★
Up to ₹40L
Tenure(1 - 4 Years)

Bank of Boroda Buisness Loan

7.5% - 13.5% 0.75% - 1%
4.5★
₹5L - ₹50L
Tenure(1 - 5 Years)

Muthoot Finance Buisness Loan

9.84% Up to 2%
4.5★
₹25L - ₹5Cr
Tenure(1 Years)

Federal Bank Buisness Loan

11.1% - 16.35% Up to 3%
4.5★
₹1L - ₹2Cr
Tenure(1 - 10 Years)

Canara Bank Buisness Loan

10.5% - 18% Up to 1%
4.5★
₹50K - ₹10Cr
Tenure(1 - 7 Years)

Clix Capital Business Loan

14.99% - 24.99% Up to 3%
4.5★
₹5L - ₹50L
Tenure(1 - 4 Years)

Capri Global Business Loan

13.5% - 19.5% 1.5% - 2.5%
4.5★
₹5L - ₹50L
Tenure(1 - 15 Years)

Piramal Housing Business Loan

17% Up to 4%
4.5★
₹25L

Indusind bank Business Loan

18% - 26% Up to 2%
4.5★
₹30L - ₹1Cr
Tenure(Up to 10 Years)

State Bank of India Business Loan

8.45% - 10% Up to 1%
4.5★
-
Tenure(Up to 15 Years)

IDBI Bank Business Loan

8.05% - 13.45% Up to 1%
4.5★
₹50K - ₹5Cr
Tenure(Up to 10 Years)

Punjab National Bank Business Loan

8.15% - 15% 2%
4.5★
₹50K - ₹15L
Tenure(1 - 5 Years)

Bank Of India Business Loan

10.2% - 12.95% Up to 1%
4.5★
₹5L - ₹5Cr
Tenure(5 - 7 Years)

URGO capital Business Loan

9% - 36% Up to 4%
4.5★
Up to ₹75L
Tenure(5 - 8 Years)

Compare Personal Loan

We provide what your business needs. At Money xpress, we understand, address and absolve your need for capital via extensive business loan services. Tailoring business loans for startups, MSMEs and larger organisations, we help our clients choose the best lenders from an exhaustive list of public and private banks and NBFCs via cutting-edge comparative analysis of business loan interest rates. Get faster loan processing and easy disbursal with minimal documentation to escalate your business to new heights only at Money xpress.

Buisness Loan Features and Benefits

Business loans come with numerous benefits and features to help borrowers cope with financial obligations. The following are a few features that you unlock when you count on a business loan:

  • Fast Disbursal:

    Generally, business professionals apply for a business loan when they need instant access to funds. One of the best parts of a business loan is that it comes with quick disbursal. You don't have to wait for months to access funds. The amount is disbursed within 3 to 5 working days.

  • Minimum Documentation:

    One of the foremost features of a business loan is the minimal documentation requirement. Banks and finance companies process business applications with little documentation. No hectic paperwork is required. With the online business loan application process, you get the option to submit a scanned copy of the documents, that's all.

  • Competitive Business Loan Interest Rates

    Banks and financial institutions offer business loans at attractive interest rates. Debtors can get commercial loans without higher monthly repayments.

  • No Prepayment Charges:

    Prepayment of business loans is permitted without additional fees or charges. However, this may vary from one bank to another.

  • Flexible Repayment Tenure:

    In general, banks and financial providers offer business loans with flexible repayment tenure. You can choose your repayment tenure as per your choice. However, don't forget that a longer repayment period results in an increased payable interest component.

Buisness Loan Eligibility Criteria

Banks and finance companies have pre-determined Buisness loan eligibility criteria to verify and provide maximum ease to loan borrowers. Apart from the eligibility criteria, banks look at the applicant's credit history to establish creditworthiness and repayment patterns

  • Applicants must follow the RBI's definition of Micro and Small Businesses.
  • The sole purpose for obtaining a business loan (working capital, business expansion, or the purchase of machinery or equipment) must be specified.
  • A personal guarantee is required. This will necessitate the main partner to act as a loan guarantor.
  • The company must have been in operation in the same domain for at least three years.
  • Financial papers, such as audited financial accounts, are unavoidable.
  • Tax audit report (last 2 years)
  • Bank statement of the business account (last 6 months).

Factors Affecting Business Loan Interest Rate

Certain criteria are crucial in calculating the interest rates that apply. The following variables may affect the offered business loan interest rates

  • Nature of Business

    One of the essential aspects influencing the interest rate on your business loan is the type of business. Your business creditworthiness will decide what type of business loan you can get and at what interest rate. Your business should be involved with high-quality products and services. Additionally, the location in which you operate should not be on any blacklists.

  • CIBIL Score or Credit Score

    A high CIBIL score can have a significantly positive impact on the offered interest rate. The lender will provide you with the lowest interest rate loan if your CIBIL score is high. On the flip side, they may charge you a higher interest rate or possibly reject your mortgage collateral if your CIBIL score is low.

  • Business Experience

    The experience of the organisation is vital because a well-established enterprise is considered secure and risk-free. If you've been in business for a while, creditors may be willing to provide you with a business loan at a reduced interest rate to help you expand.

Business Loan Documents Required

The following business loan documents are mandatory to avail of a loan with utmost ease:

  • Form and Photographs:

    Duly filled business loan application form and 2 passport size photographs.

  • Proof of Identity:

    PAN card, passport, Voter ID card, MAPIN Card or driving licence.

  • Residence Proof:

    Voter ID card, ration card, utility bills, including electricity bill, telephone bill, Aadhaar card or lease agreement.

FAQ

What is the EMI for a Rs. 20 lakhs Buisness loan?

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Which bank is best for applying for a Buisness loan?

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