Our Advisors are available 7 days a week, 9:30 am - 6:30 pm to assist you with the best offers or help resolve any queries.
Win Assured Cashback
Our Advisors are available 7 days a week, 9:30 am - 6:30 pm to assist you with the best offers or help resolve any queries.
Best Loan Offers
Curated Offers from 20+ Lenders
Unsecured Loan
Term Loan & OD Facilities Available
Expert Advice
Guidance & Assistance
Top Up Facility
Loan to Get Additional Funds
15.6L Reviews
Avail up to ₹1 Cr starting at 13%
15.6L Reviews
Best Loan Offers
Curated Offers from 20+ Lenders
Unsecured Loan
Term Loan & OD Facilities Available
Expert Advice
Guidance & Assistance
Top Up Facility
Loan to Get Additional Funds
Choose from 20+ Partner Banks/NBFCs
Pick from Secured & Unsecured Options
Get Working Capital & Top-Up Loan Solutions
Flexible Tenure of Up to 4 years
Step 1: Enter your mobile number in the application form.
Step 2: Enter OTP to verify your mobile number.
Step 3: Provide your personal details.
Step 4: Select a bank account for account aggregator consent.
Step 5: Compare offers and apply for the best-suited loan.
| Lenders | Interest Rate (% p.a.) |
|---|---|
| Axis Bank | 10.99% onwards |
| Bajaj Finserv | 14.00% - 23.00% |
| Flexiloans | 12.00% onwards |
| HDFC Bank | 10.75% - 22.50% |
| IDFC FIRST Bank | 12.99% onwards |
| Indifi Capital | 18.00% onwards |
| Kotak Mahindra Bank | 9.50% - 30.50% |
| LendingKart | 17.25% onwards |
| Muthoot Fincorp | 15.00% - 36.00% |
| Shriram Finance | 10.00% onwards |
| Tata Capital | 12.00% onwards |
| YES Bank | 17.25% onwards |
Rates as on 15th April 2026
| Loan Types / Categories | Star Laghu Udyami Samekat Loan | Star SME Liquid Plus | Star SME Contractor Credit Line |
|---|---|---|---|
| Min. Loan Amount | Rs. 5 lakh | Rs. 10 lakh | Rs. 10 lakh |
| Max. Loan Amount | Rs. 1 crore | Rs. 5 crore | Rs. 5 crore |
| Interest Rate | 10.20% onwards | As per applicant’s profile | As per applicant’s profile |
| Repayment period | Max. up to 5 years | Max. up to 7 years | As per loan amount |
The enterprises/business owners who wish to get financial assistance from Bank of India can apply for its business loans. These loans can be utilized for business expansion purposes and meeting working capital requirements. Depending on the type of loan, various documents need to be furnished with the bank for assessment of the business and eligibility criteria. After verification of documents, Bank of India may sanction business loans to applicants.
Also Check & Compare – Business Loan Interest Rate of Top Banks
Below mentioned are the key loan products offered by Bank of India:
The Star Laghu Udyami Samekat Loan is offered to Micro and Small Enterprises, for a maximum repayment period of 5 years, with a moratorium of 3-6 months. The loan is a Composite Loan in the form of Demand/ Term Loan, given for investment and working capital requirements of small businesses.
Quantum of Loan:
Rural Area: Maximum Amount – Rs. 5 lakh
Semi-urban Area: Maximum Amount – Rs. 10 lakh
Urban Area: Maximum Amount – Rs. 5 lakh
Metro Area: Maximum Amount – Rs. 1 crore
Rate of Interest:
Upto Rs. 50,000: 10.20% p.a. onwards
From Rs. 50,000 to Rs. 5 lakh: 11.20% p.a. onwards
From Rs. 5 lakh to Rs. 10 lakh: 12.20% p.a. onwards
From Rs. 10 lakh to Rs. 1 crore: 12.95% p.a. onwards
Documents Required:
Star SME Liquid Plus loan is a term loan, given to proprietorship / partnership firm which qualifies to be a SME. The firms need to be doing business for at least 3 years and should be making profit for last 2 years to apply for this loan. The businesses must have entry level credit rating of SBS 5. The loan needs to be repaid through 84 installments, within 7 years with a moratorium of up to 12 months.
Quantum of Loan: Minimum Rs. 10 lakh and Maximum Rs. 5 crore
Rate of Interest: Depends on the prevailing structure of the bank
Documents Required:
The Star SME Contractor Credit Line loan is a line of credit given for meeting the working capital needs of civil contractors, mining contractors, engineering contractors, transport contractors, etc. This line of credit is offered to established proprietorship firms, partnership firms, limited companies, etc. The applicant company must be engaged in doing business for the last 3 years and should have the entry level credit rating of SBS 5.
Quantum of Loan: Minimum Rs. 10 lakh and Maximum Rs. 5 crore
Rate of Interest: Depends on the applicant’s profile and loan amount
Documents Required:
Toll-Free Numbers: 1800-220-229 / 1800-103-1906
Landline Number (For customers within India) – (022) 40919191
Also Read: Top 6 Government Loan Schemes for Small Businesses
Apart from these loans, the Bank of India also offers different loans for specific purposes that are as follows:
Bank of India also offers loans under various Government sponsored schemes, such as PMMY, Stand up India, PMEGP, Pradhan Mantri Credit Scheme, Weavers Mudra Scheme, Cluster Financing, etc.
Follow the below steps to check your loan application status with Bank of Baroda:
Step 1: Visit the official website of Bank of India
Step 2: Mention your Application Number
Step 3: Enter Your Mobile Number
Step 4: Click on the ”Submit” button to know your loan application status
Step 1: Enter your mobile number in the application form.
Step 2: Enter OTP to verify your mobile number.
Step 3: Provide your personal details.
Step 4: Select a bank account for account aggregator consent.
Step 5: Compare offers and apply for the best-suited loan.
Explore Our Business Loan Lenders
View All PartnersTo apply for Business loan from Bank of India, you personally as an applicant need to visit the bank branch with duly filled application form, business plan and along with all the required documents. After submitting the application form and documents, one of the banks’ representatives shall proceed with the loan formalities.
This totally depends on the sole discretion of the bank and shall vary from case to case.
To check your loan application status you can click on the below link and fill in the loan application number, along with a registered mobile number.
Applicants can apply for SME or MSME loans from Bank of India with the help of PSB loans, as they provide loan approval within 59 minutes of loan form submission.
The loan amount offered by banks under PSB Loans in 59 minutes is minimum from Rs. 1 lakh and maximum up to Rs. 5 crore.
Factors Affecting Business Loan EMI
Unsecured Business Loans: Lenders Notice More Than Just Your Credit Score
Secured vs. Unsecured Business Loans: Which One Should You Choose?
How to Choose the Right Business Loan
MSME – Its Meaning, Classification, Loan Schemes, Role and Importance in India
Ways To Raise Capital For Your Startup Business
6 Reasons for Your Business Loan Application Getting Rejected
Business Loan or Overdraft – Which is Better?
Types of Business Loans in India
5 Best Business Loan Schemes for Women Entrepreneurs
Business loan complex hotta h
Hassle-free Business Loan
Business loan liya tha, interest acha mila
Uncle ne bataya tha Paisabazaar ke baare mai
Boutique ke liye small loan liya tha
Loan approval ke chances dikhate h
Advisors bohot ache the
Trusting platform
Chote business ke liye bhi loan mila
Quick and easy steps
Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners
*Applicable for selected customers
Check Best Business Loan Offers
with Quick Disbursal
