Business Loan Interest Rates & Guidelines
Current Interest Rates
| Loan Type |
Interest Rate (p.a.) |
Processing Fee |
Loan Amount |
| Unsecured Business Loan |
14.00% - 24.00% |
1.5% - 2.5% |
₹5 Lakhs - ₹75 Lakhs |
| Secured Business Loan |
10.50% - 16.00% |
1% - 2% |
₹25 Lakhs - ₹10 Crore |
| Working Capital Loan |
12.00% - 18.00% |
1% - 2% |
₹5 Lakhs - ₹2 Crore |
| MSME Business Loan |
11.50% - 15.00% |
0.5% - 1.5% |
₹2 Lakhs - ₹50 Lakhs |
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Maintain a good credit score (preferably above 750)
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Keep business & personal accounts separate
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Prepare detailed business plan & financial projections
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Keep all business documents updated & organized
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Compare multiple lenders before finalizing
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Read all terms & conditions carefully
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Maintain proper books of accounts
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File tax returns regularly & on time
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Don't apply for multiple loans simultaneously
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Don't mix personal & business expenses
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Don't ignore the fine print in loan agreement
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Don't delay or default on EMI payments
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Don't provide false information in application
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Don't overlook processing fees & charges
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Don't ignore market research for your business
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Don't over-leverage your business
Eligibility Criteria
Basic Requirements
- Age: 21-65 years
- Business Age: Minimum 2 years
- Annual Turnover: ₹10 Lakhs+
- ITR: Last 2 years
Documents Required
- KYC Documents
- Bank Statements (12 months)
- Business Registration Proof
- GST Returns (if applicable)