Business Loan

To start any business or to carry on the functionality of the existing business one needs funds.

But the question arises from where you can get these funds. A business loan may be the answer to all such questions. What is a business loan? A business loan is something similar to personal loan, but it is specially desigend to meet your business requirements and goals. With a business loan, you borrow a certnain amount of money for a tenure, with interest rate and monthly repayment option are fixed with the term. These loans can be secured as well as unsecured. Secured business loans generally have lower interest rates. Apart from a business loan a financial institution may have other kind of products like overdraft facilities to take care of the business needs of the individuals.

Who is eligible for business loan?

The business loan can be offered to any person who is running a legitimate business with a decent earning can apply for a business loan. Different banks have different criteria and terms to validate the authenticity of his/her business. After authentication and validation, banks have the sole authority to decide the amount of loan and even whether it wants to offer the loan to borrower or not. Below are some points which are generally considered before offering a loan:

1.Type of the business: Proprietorship, Partnership, Pvt.Ltd. or Public Ltd.

2.Turnover of the business.

3.Profit of the business.

4.Cash flow of the business.

5.Track record and type of business.

How much Business loan I can get ?

The business loans are offered on the basis of the profit and numbers of years you are running this business. It also depends upon cash flow and other aspects related to revenue generation. After considering all the major factors, banks come out with eligibility of the loan amount if can offer to any business. The key criteria for approval of any business loan is how profitable the business is and how the borrower will manage to repay the EMIs with other liabilities and expenditures of the company. From where I can get a business loan.

There are many banks which can offer a business loan to eligible business owners.

What will be the interest rate of business loan?

All Bank Business Loan Interest Rates Jun 2022

Bank Interest Rates Processing Fees Tenure Disbursal Time
HDFC BANK 15% - 19% 2.49% 12-36months 4-Working Days
ICICI BANK 16%-22% 2.00% 12-36months 5-Working Days
TATA Capital 18%-24% 2.50% 12-36months 5-Working Days
BAJAJ FINSERV 19%-23% Upto 3.00% 12-60months 2-Working Days
YES BANK 15.5%-21% 2.00% 12-60months 5-Working Days
RBL BANK 19%-26% 2.50% 12-36months 5-Working Days
Fullerton India 22%- 29% 3.00% 12-36months 7-Working Days
Capital First 18%-25% 3.00% 12-48months 4 to 5-Working Days
Kotak Bank 18%-23% 2.50% 12-36months 7-Working Days


Business Loans by CGTMSE

Features –





SBI has an array of loan products for small and medium business enterprise-


SBI SME Collateral Free Loan-

Fullerton India

Bajaj Finserv

RBl Bank