Business Loan Interest Rates
Apply for instant business loans at attractive business loan interest rates starting from just 6.90% p.a. The processing fee is charged up to 3.5% per annum and the repayment tenure can go up to 25 years depending on the type of lender and business loan chosen.
Current Business Loan Interest Rates 2022
| Interest Rate | Starting @ 6.90% p.a. |
|---|---|
| Processing Fee | Up to 3.5% |
| Loan Tenure | Up to 25 years |
| Lowest EMI Per Lakh | Rs. 1,975 for 5 years |
| Prepayment Charges | Up to 4% |
- Compare current business loan interest rates online starting from 11.90% p.a.
- Choose the best business loan provider from our 100+ banking partners, including HDFC Bank, ICICI Bank, IDFC FIRST Bank, and so on, for instant and hassle free business loans.
- Apply for a business loan online with your preferred lender and get an instant decision on your loan application.
Lowest Interest Rate on Business Loan
Compare current business loan interest rates on ravikash.com to get affordable business loan EMI by getting the lowest interest rates. Current business loan interest rates start from as low as 6.90% p.a. A business loan is a financing option that can be used to start a new business or to expand an existing one. These loans are provided at the most competitive rates of interest to help businesses fund any expenses that are related to purchasing new equipment, purchase of inventory, overheads, expansion of the current premises, and so on.
There are different types of business loans that one can avail to meet the exact requirement of the business. However, getting a business loan isn’t easy as it involves a complicated process. Our business loan experts can help you with the entire process, from application to disbursal. We are partnered with more than 100 banks, NBFCs, and other financial institutions. We have all the best business loan offers at attractive interest rates that suit all your business requirements.
Features of Business Loans
You can get loans without any security: Collateral free loans can be availed for any investment in your business depending upon the credit score and the eligibility criteria. You also have the option of credit guarantee schemes that provide a cover for the loan that is availed. For businesses that qualify for this scheme, you have the advantage of availing loans without any guarantee or collateral against the loan. All you have to do is pay the annual fee recommended as per the terms of the credit guarantee scheme.
Repayment terms are flexible: Business loans ensure low interest rates that make repayments easier. The interest rate on these loans is flexible as per the credit score of the applicant. You also have a moratorium period or a holiday period in case of new businesses where no equated monthly instalment (EMI) is payable for the set period. Borrowers have the advantage of choosing a repayment tenure as per the repayment capacity and the EMI that is payable each month.
Disbursal of loans is hassle-free: Business loans have a quick turnaround time once the documentation process is completed as required by the bank. Usually, these loans are disbursed within 5 to 7 days of approval, making it easier for individuals to get access to funds when required. Once approved, the loan is disbursed into the bank account of the individual.
Loan application process is simple: You have the option of applying for these loans online and offline. All you have to do is fill up an application form and provide the necessary documents. The documentation process is also fairly simple and straightforward with Business Loans. When you apply for a business loan, you can get a detailed checklist of the documents that you require. This further simplifies the process and allows you to get loans faster.