Compare Business Loan in India - Top Offers & Reviews 2020

It's time to grow your business by investing in capital expenditure or funding the working capital gap. In every business lifecycle, at some point or the other, you need to raise debt for growing it efficiently or for smooth business operations, by meeting its working capital requirements. At times like these, a business loan can be the best financial help that a promoter can get.

Kotak Mahindra Bank Business Loan

Kotak Mahindra Bank | Business Loan

About Kotak Mahindra Bank: Kotak Mahindra Bank is an Indian private sector bank headquartered in Mumbai, Maharashtra, India. In February 2003, the Reserve Bank of India issued a banking licence to Kotak Mahindra Finance Ltd., the group's flagship company....

Detail: Kotak Bank has over 606 branches in India where you can avail service

Annual Percentage Rate (APR): 16.00%

IndusInd Bank Business Loan

IndusInd Bank | Business Loan

About IndusInd Bank: IndusInd Bank Limited is an Indian new generation bank in Pune, established in 1994. The bank offers commercial, transactional and electronic banking products and services. IndusInd Bank was inaugurated in April 1994 by then Union Finance Minister Ma...

Detail: IndusInd Bank requires minimum business track record of 24 months.

Annual Percentage Rate (APR): 14.00%

HDB bank Business Loan

HDB bank | Business Loan

About HDB bank: HDB Financial Services (HDBFS) is a leading Non-Banking Financial Company (NBFC) that caters to the growing needs of an Aspirational India, serving both Individual & Business Clients. Incorporated in 2007, we are a well-established business with stro...

Detail: Minimum age of applicant: 22 years

Annual Percentage Rate (APR): 13.99%

HDFC Bank Business Loan

HDFC Bank | Business Loan

About HDFC Bank: HDFC Bank Ltd. is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It has a base of 104154 permanent employees as of 30 June 2019. HDFC Bank is India's largest private sector lender by assets. It is the largest b...

Detail: Dropline Overdraft Facility upto Rs.5 Lac - 15 Lac

Annual Percentage Rate (APR): 15.65%

Incred Finance Business Loan

Incred Finance | Business Loan

About Incred Finance: Incred Finance is a Non-Banking Financial Company in India. The company focuses on Consumer Loan, Home Loan, Education Loan, and SME Lending. It is headquartered in Mumbai, Maharashtra. It was founded by Bhupinder Singh, ex-head of the Corporate Fina...

Detail: Collateral-free term loans of upto 36 months for growth of your business

Annual Percentage Rate (APR): 18%

Bajaj Business Loan

Bajaj | Business Loan

About Bajaj: Bajaj Finserv Limited, a part of Bajaj Holdings & Investments Limited, is an Indian financial services company focused on lending, asset management, wealth management and insurance. The company employs over 20154 employees at 1409 locations, and is e...

Detail: Bajaj Finserv offers business loans specially designed for self-employed professionals, including chartered accountants, doctors, company secretaries and architects.

Annual Percentage Rate (APR): 18%

RBL Bank Business Loan

RBL Bank | Business Loan

About RBL Bank: RBL Bank, formerly known as Ratnakar Bank, is an Indian private sector bank headquartered in Mumbai and founded in 1943. It offers services across six verticals: corporate and institutional banking, commercial banking, branch and business banking, re...

Detail: Minimum 5 years of experience required in the same line of business with at least 3 years of business establishment & operation in the same city.

Annual Percentage Rate (APR): 18%

Tata Capital Business Loan

Tata Capital | Business Loan

About Tata Capital: Tata Capital Limited is a financial and investment service provider in India. It is based in Mumbai and has more than 100 branches across the country. The company offers consumer loans, wealth management, commercial finance, and infrastructure financ...

Detail: Your business must be in existence for three consecutive financial years

Annual Percentage Rate (APR): 18 %

Loan Eligibility

Age - 18/21 years - 60/65 years
Employment Type - Salaried/Self-Employed
Minimum Net Income (monthly) - ₹15,000
Work Experience - Salaried for at least 6/12 months or Self-Employed for at least 3 years
Tenure: (Min) 3 to (Max) 60 months
Interest Rate ranging from 10.75% to 25% depending on customer’s credit and risk profile

Representative Example

With a representative 10.75% APR based on borrowing ₹ 10 lacs and repaying over 60 months with 60 monthly repayments, the monthly repayments will be ₹ 21,618 which can be paid within a tenure of 12-60 months.

*Please note the processing fee can vary from 1.5% - 6%. The figures provided are indicative and subject to change from time.

EMI Calculator

The simple and handy loan EMI calculator lets you easily calculate EMIs. All you need to do is enter the loan amount, interest rate and loan tenure, and you will know the convenient and easy EMIs basis the inputs entered.

Sample Loan Calculation:

Loan amount: INR 4,00,000
Interest Rate: 15% p.a.
Loan Duration: 3 years
Total Interest = INR 99,176
Processing fees (PF) + GST= 4000 + 720 = INR 4,720

In Hand Amount: Loan Amount - Total Deductibles = 4,00,000 - 4,720 = INR 3,95,280
Total repayable Amount: INR 4,99,176
Monthly EMI Repayable: INR 13,866
*Deductibles are deducted upfront during the loan disbursal.