Business loan interest rates

by Bizopedia · Published February 8, 2022 · Updated June 17, 2022

Business Loan interest rates

Table of Contents

Business loans are the loan that are offered to a business for a commercial purpose. Business loan interest rates are the cost of funds that NBFC or a bank charge against their loans. Banks usually charges lower rate of interest compared to NBFCs. Banks usually have lower cost of funds compared to NBFCs as they get deposit and saving accounts from public at lower rate of interest.

In this post, we would look into business loan interest rates that are offered by major NBFCs and banks-

Business Loan interest rates by Banks

Name of the Bank	Business Loan interest rates
Axis Bank	15.5% onwards
HDFC Bank	13% onwards
ICICI Bank	13% onwards
Kotak Mahindra Bank	16% onwards
Allahabad Bank	9.20% onwards
Andhra Bank	10.80% onwards
Axis Bank	12% onwards
Bank of Baroda	10.25% onwards
Bank of India	9.35% onwards
Bank of Maharashtra	10.85% onwards
Central Bank	8.45% onwards
Citibank	9.99% onwards
Federal Bank	11.49% onwards
HDFC Bank	10.75% onwards
HSBC Bank	10.50% onwards
ICICI Bank	11.25% onwards
IDBI Bank	12% onwards
IDFC First	10.75% onwards
Indian Bank	9.20% onwards
Indian Overseas Bank	10.30% onwards
IndusInd Bank	11% onwards
Kotak Mahindra Bank	10.75 onwards
Punjab National Bank	8.95% onwards
Standard Chartered Bank	11.00% onwards
State Bank of India	9.60% onwards
UCO Bank	9.75% onwards
Union Bank of India	8.90% onwards
Yes Bank	10.75% onwards
Axis Bank	15.20%
Axis Bank	14.70%
Axis Bank	13.70%
Bank of Baroda	8.50% onwards
Canara Bank	6.60%
Canara Bank	10.40%
Canara Bank	10.40%
Canara Bank	10.20%
Canara Bank	9.90%
HDFC Bank	9.00%
HDFC Bank	13.86%
HDFC Bank	11.57%
Kotak Mahindra Bank	11.5% to 24%
Punjab National Bank	8.55% onwards
Punjab National Bank	10.30% onwards
Punjab National Bank	8.45% onwards
Punjab National Bank	8.55% onwards
Punjab National Bank	10.45%
State Bank of India	10.25%
State Bank of India	10.50%
CitiBank	8.80% onwards
Syndicate Bank	11.50% onwards
State Bank of India	9.60% onwards
Kotak Mahindra Bank	9.60% onwards
ICICI Bank	9.80% onwards
IDBI Bank	10.10% onwards
Axis Bank	11.35% onwards

Business loan interest rates

Business Loan interest rate by NBFCs and Fintechs

Name of the Bank	Business Loan interest rates
Capital First Prime	21% onwards
Fullerton Finance	17% onwards
HDB Financial Services Ltd.	18% onwards
HDFC Bank	13% onwards
Hero FinCorp	18% onwards
IIFL Finance	18% onwards
Indifi Finance	18% onwards
Lendingkart Finance	18% onwards
NeoGrowth Finance	21% onwards
PaySense Services India Pvt. Ltd.	18% onwards
ZipLoan	18% onwards
CASHe	33% to 36%
Early Salary	24% onwards
Fullerton India	11.99% onwards
HDFC Bank	10.75% onwards
Home Credit	24% onwards
Indiabulls	13.99% onwards
Kreditbee	1.02% p.m. onwards
Moneytap	1.25% p.m. onwards
Moneyview	1.33% p.m. onwards
Muthoot Finance	15% onwards
HDFC Bank	9.00%
HDFC Bank	13.86%
HDFC Bank	11.57%
Avanse	10% to 16.50%
Credila	11.85% onwards
PNB Housing Finance Ltd.	10.25% onwards
LIC Housing Finance Ltd.	11.30% onwards

Above mentioned list for business loan interest rates is updated as on 8th Feb, 2022. If you want to read various documentation required for a business loan then you read our exhaustive post here.

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