Business loans in Delhi/NCR can be availed by individuals, business owners, entrepreneurs, self-employed professionals, MSMEs, large enterprises, and other business entities. Collateral-free business loans are offered by Banks/NBFCs for loan amount up to Rs. 2 crores that can be used for various business expansion purposes, to meet working capital requirements, enhance cash flow, and purchase equipment/machinery, buy raw materials/goods, etc.
Compare Business Loan Interest Rates from Top Banks/NBFCs – June 2022
Bank/NBFCs | Interest Rate | |
HDFC Bank | 10.00% – 22.50% p.a. | Apply Now |
FlexiLoans | 1% per month onwards | Apply Now |
ZipLoan | 1% – 1.5% per month (Flat ROI) | Apply Now |
Axis Bank | 14.25% – 18.50% p.a. | Apply Now |
IDFC First Bank | 14.50% p.a.onwards | Apply Now |
Kotak Mahindra Bank | 16% – 19.99% p.a. | Apply Now |
Fullerton Finance | 17% – 21% p.a. | Apply Now |
Bajaj Finserv | 17% p.a. onwards | Apply Now |
RBL Bank | 17.50% – 25% p.a. | Apply Now |
ICICI Bank | 18% p.a. onwards | Apply Now |
Indifi Finance | 1.5% per month onwards | Apply Now |
Lendingkart Finance | 1.5% – 2% per month | Apply Now |
Tata Capital Finance | 19% p.a. onwards | Apply Now |
NeoGrowth Finance | 19% – 24% p.a. | Apply Now |
Hero FinCorp | Up to 26% p.a. | Apply Now |

Apply for Business Loan @ 16% p.a. onwards Apply Now
The rate of interest, loan amount and repayment tenure that can be applied for a Business Loan in Delhi/NCR is as mentioned:
Business Loan in Delhi/NCR – Highlights | |
Category | Amount |
Loan Amount | Up to Rs. 2 Crore – Unsecured loan – Collateral free |
Loan Tenure | Max. up to 5 Years |
Interest Rate | 16% p.a. onwards |
Fees & Charges
Applicants who seek business loans in Delhi/NCR should note that the fees and charges shall vary across banks and NBFCs.
Also Know: Business Loan Interest Rates and Fees offered by Top Banks
Business Loan Types
Business loans offered to residents and citizens of Delhi are provided under the following business loan types:
Overdrafts are majorly used to meet short-term business requirements. Overdraft facilities from Banks allow customers (account holders of a particular Bank) to withdraw cash even if the account balance is zero or below. The overdraft limit and interest rate charged are set at the time of account opening. The interest rate is charged only on the utilized amount and the sanctioned limit gets annually renewed.
Most of the business loans applied from Delhi/NCR are Term Loans. The repayment tenure for term loans is generally 5 years but may be extended if the lending institution sees fit. Most of the business term loans are unsecured, however, secured term loans are also provided if the applicant requires huge funding. No collateral or security is required to avail unsecured business loans.
Bill discounting allows MSMEs access to instant cash flow. Here enterprises sell their bills/invoices to banks or NBFCs. The institution, in turn, provides instant cash which is marginally lesser than the original bill amount to the enterprise. This is useful as many bills and invoices have due dates of 30 days or more. Bill discounting can be used when the enterprise is in need of cash but does not want to wait until the customer pays.
Letter of credit is provided by a bank guaranteeing that a buyer’s payment to a seller will be received in full and in a timely manner. If the buyer fails to pay then the bank will pay in their place. Sellers require a letter of credit to ensure that they get paid in full and without any hassle.
Mudra Yojana was introduced by the Government to fund, develop and promote Micro Small Medium Enterprises (MSMEs) across India. Under Mudra Loan scheme borrowers can apply for loans up to Rs. 10 Lakh and repay them in 1 to 5 years. These are collateral-free loans, wherein no security is required by the Banks/NBFCs from the borrowers. Nil to nominal processing fees or foreclosure fees is charged by the lenders.
Features & Benefits of Unsecured Business Loans
Unsecured Business loans offer a host of features and benefits, some of them are listed below:
- Collateral Free Loan
Business loans for people of Delhi/NCR are not required to submit any security or collateral with the Bank, as these are unsecured business loans. However, the Banks and NBFCs review the applicant’s credit score, repayment history, financial stability, income, age, location, etc. before loan sanctioning. The maximum loan amount that can be availed is up to Rs. 2 crores which can be repaid within a repayment tenure of 5 years. The processing fee and other charges shall vary from lender to lender.
- Fixed Interest Rate
The interest rates at which business loans are offered by Private Banks or NBFCs are mostly fixed for the entire loan tenor. The actual interest rate, however, is decided by the lender based on the applicant’s credit score, the loan scheme applied for, and so on.
- Flexible Repayment Tenure
Business loans in Delhi/NCR can be repaid from 12 months to 5 years. Many lending institutions do not charge prepayment fees allowing great flexibility for customers to repay their loans.
- Loan Amount
The maximum loan amount that can be availed is up to Rs. 2 crores but it can be higher in certain cases. Do note, that Banks/NBFCs grant loans after weighing the financial stability, income, creditworthiness, and repayment capability of the applicant.
- Quick Loan Processing
Business loans in Delhi/NCR can be easily applied online. This reduces lengthy paperwork and makes it easy and convenient for the applicant to avail funds.

Best SME/MSME Loan offers are just a click away Apply Now
Steps to Apply for Business Loan
Follow the below steps to apply for a business loan in Delhi/NCR online:
- Go to the Business Loan application page
- Duly fill out the comprehensive form and click on View Best Offers
- Suitable Business Loans deals will be displayed
- Select the best-suited loan deal for your needs and fill out the detailed form
- An agent will call and proceed with the loan formalities
- After the documents are verified, the loan will be sanctioned within defined working days
- Post-loan sanctioning, the loan amount will be credited directly to your bank account
Note: Do note that the Bank/NBFC shall take some time to verify the documents submitted by the Applicant. The time taken for loan approval and disbursal will be at the sole discretion of the lender.
Documents Required for Loan Application
The documents required to successfully apply for a business loan in Delhi/NCR are:
- Duly filled application form with passport-sized photographs
- KYC documents of applicant and co-applicants that include Passport, Aadhar card, Voter’s ID card, Driving License, PAN Card, and Utility Bills (Telephone, Electricity)
- Business Address Proof
- Business Establishment Certificate
- Last 6 months’ bank statement
- Proof of belonging to SC/ST or OBC category, if applicable
- Any other document required by the bank
Apply for Business Loans in other Cities in India
FAQs
Q. Do I need to submit any collateral or security for availing business or MSME loan?
A. No, Banks/NBFCs do not require any collateral or security to avail Business or MSME loan.
Q. Who can apply for a Business loan in Delhi/NCR?
A. Applicants who reside in Delhi/NCR and are Indian Citizens can apply for a business loan.
Q. What is the maximum loan amount that can be availed when seeking a business loan in Delhi/NCR?
A. The maximum loan amount that can be availed in Delhi/NCR is up to Rs. 2 crores.
Q. What is the maximum tenure for business loans availed in Delhi/NCR?
A. The maximum repayment tenure offered by lenders is up to 5 years. Nevertheless, they can extend loans beyond 5 years, if they consider it a good investment.