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Business Loan Interest Rates

Business Loan Interest Rates

How to compare business loans.

  1. Compare per month EMI offered by different Banks.
  2. The processing fee charged
  3. The prepayment Charges, if any.
If you want to  pay the loan amount in the full tenure only, then take loan from bank which quotes a lower EMI and Processing Fee.
If you believe you can pay-off the loan earlier, then do check the prepayment charge.

What is the rate of interest I will get on business loan?

Bank Name Rate of Interest
Processing Fee Loan Amount
HDFC Bank 17% – 22% 2% – 2.5% 75K – 15 Lacs
Bajaj Finserv 19% – 20% 2% 1 Lac – 45 Lacs
RBL Bank 18% – 19% 2% 15 Lac – 35 Lacs
ICICI Bank 15% – 19% 2% – 2.5% 2 Lacs – 25 Lacs
Fullerton India 21% – 28% 2% – 3% 1 Lac – 20 Lacs
Disclaimer:
Please note that the interest rates given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated. Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates. Banks/ Financial Institutions can contact us at update@loanuncle.org for inclusions or updates.
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