Every business runs on the funds and to avail these funds you have to take business loans. But choosing a better business loan is a crucial part because different lenders provide different facilities. Although, which business loan is perfect for your business totally depends on your budget and requirements. But here I am sharing some best business loans in overall performance that will help you out to choose the best one. So check the list and opt-out the best one that suits your budget and requirements.
IDFC Bank Business Loan
- Rate of Interest: Per Annum Ranging between 11.69% – 15%
- Other Charges & Processing Fees: 1.50% Excluding Applicable GST
- Max Amount of Loan: INR 4,000,000
- Min Amount of Loan: INR 100,000
- Max Tenure: 5 Years
- Min Tenure: 1 Year
HDFC Bank Business Loan
- Rate of Interest: Per Annum Ranging between 15.65% – 21.20%
- Other Charges & Processing Fees: Up to 2.50% Excluding Applicable GST
- Max Amount of Loan: INR 50,00,000
- Min Amount of Loan: INR 50,000
- Max Tenure: 4 Years
- Min Tenure: 1 Year
IndusInd Bank Business Loan
- Rate of Interest: Per Annum Ranging between 10.6% – 18%
- Other Charges & Processing Fees: 0.5% Excluding Applicable GST
- Max Amount of Loan: INR 1,500,000
- Min Amount of Loan: INR 100,000
- Max Tenure: 5 Years
- Min Tenure: 1 Year
ICICI Bank Business Loan
- Rate of Interest: Per Annum Ranging between 12.9% – 16.65%
- Other Charges & Processing Fees: Up to 2% Excluding Applicable GST
- Max Amount of Loan: INR 100,000,000
- Min Amount of Loan: INR 100,000
- Max Tenure: 5 Years
- Min Tenure: 1 Year
AXIS Bank Business Loan
- Rate of Interest: Varies and depends on the borrower’s profile as per his business, financial status, tenure, loan amount, and previous business record.
- Other Charges & Processing Fees: Up to 1.25% Excluding Applicable ST
- Max Amount of Loan: INR 15,000,000
- Min Amount of Loan: INR 50,000
- Max Tenure: 3 Years
- Min Tenure: 1 Year