Small Business Loan

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Small Business Loans are the loans which are borrowed from the lender such as Banks, financial institutions and NBFCs that should be repay with the amount of interest.  

Basically, compared to credit cards, small business loans are of a lower Small Business Loan Interest Rate. It is suitable and easier to have conversations with lenders for such a type of loan. 

Each small Business Loan differs from one another. There are several different forms of loan which help in fulfilling the requirements of an applicant.  The rate of interest will depend on the amount borrowed by an applicant.  

SMALL BUSINESS LOAN BY DIFFERENT BANKS 

BANKS  

LOAN AMOUNT 

INTEREST RATE  

LOAN TENURE 

Axis Bank 

Rs. 50,000- Rs 50 lakhs  

As per the condition set by the banks 

According to the terms and conditions 

RBL Bank 

Up to Rs. 10 lakhs 

As per terms and conditions by the banks. 

12 months- 60 months  

Capital float 

Rs. 5 lakhs – Rs 50 lakhs 

15% p.a. - 24% p.a. 

12 months- 36 months 

Bank of Baroda 

Up to Rs. 5 lakhs 

As per terms and conditions required by the banks  

As per terms and conditions required by the banks 

HDFC Bank 

11.90% p.a. - 21.35% p.a. 

Up to Rs 50 lakhs 

12 months – 48 months 

IIFL Finance 

Up to 50 lakhs 

16% p.a. - 30% p.a. 

12 months- 36 months