Bank offers Business loan to develop the Business including purchasing of new machinery in India. Bank takes of care of customer needs and try to full up their financial needs by syndicating the Business loan at affordable rate of Interest. A borrower can apply for Business loan to investment in start up new Business. Unlike Secured loan, a borrower can get Business loan within seven working days subject to Creditscore & Financial Statements. Bank will process the Business Loan quickly and speedy.
|Bank/NBFC||Rate of Interest||Loan Processing Charges|
|HDFC Bank||11.49% onwards||Not exceeding 2.5% of loan amount sanctioned. Min. Rs. 1000, Max. Rs. 25,000|
|State Bank of India||12.55% onwards||1% to 3% of loan sanctioned|
|Axis Bank||15.50% to 24%||1.5% to 2% of loan sanctioned|
|Tata Capital||12.50% onwards||Min. Rs. 999|
|ICICI Bank||11.49% onwards||Not exceeding 2.5% of loan amt.|
|Bajaj Finserv||11.49% onwards||2.25% to 3% of loan sanctioned|