Business loan in Delhi can be availed by entrepreneurs, self-employed professionals and business owners. The loan amount can be used to employ more workforce, purchase equipment and machinery or expand the current business.
Compare Business Loan Interest Rates from Top Banks/NBFCs – March 2021
Banks / NBFCs | Interest Rate |
SBI | 8.30% onwards (SME Loan) |
Canara Bank | 9.60% onwards |
Corporation Bank | 10.3% onwards |
HDFC Bank | 15% onwards |
Kotak Mahindra Bank | 16% onwards |
ICICI Bank | 16% onwards |
IDFC First Bank | 16% onwards |
IIFL Finance | 16% onwards |
Lendingkart Finance | 17% onwards |
FlexiLoans | 17% onwards |
Axis Bank | 17% onwards |
Fullerton India | 17% onwards |
ZipLoan | 18% onwards |
Hero Fincorp | 18% onwards |
Bajaj Finserv | 18% onwards |
RBL Bank | 19% onwards |
Indifi Finance | 22% onwards |
NeoGrowth Finance | 24% onwards |
Bank of Baroda | Based on your Business’s Profile |
PNB Business Loan | Based on your Business’s Profile |
Delhi is the capital of India and is among the most productive metro area in the country. The rate of interest, maximum loan amount that can be applied for a Business Loan in Delhi is:
Business Loan in Delhi – Highlights | |
Category | Amount |
Loan Amount | Up to Rs. 1 Crore – Unsecured loan – Collateral free |
Loan Tenure | Max. up to 5 Years |
Interest Rate | Based on applicant’s profile & business requirements |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges

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Interest Rate & Processing Charges
Customers who seek a business loan in Delhi should note that the interest rate and processing charges may vary across banks and NBFCs.
Also Know: Business Loan Interest Rates and Fees offered by Top Banks
Categories
Business loan in Delhi are provided under the following categories:
Overdraft accounts allow customers to withdraw cash over and above the amount deposited at the bank. The overdraft limit and interest rate charged is set at the time of account opening.
Most of the business loans in Delhi applied for are Term Loans. The 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.
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 ensure that the Micro Small Medium Enterprises (MSMEs) have access to sufficient funds. Under Mudra Loan scheme customers can get loans up to Rs. 10 Lakh and repay it in 3 to 5 years.
Features and Benefits
Business loans offer a host of features and benefits, some of them are listed below:
- Collateral Free Loan
Business loan in Delhi does not require security or collateral from the applicants as these are unsecured loans. However, banks and NBFCs review loan applicant’s credit history, age, income details, and so on before granting a loan.
- Fixed Interest Rate
The interest rates at which business loans are provided are fixed for the entire tenure. The interest rate, however, is decided by the bank based on the applicant’s credit score, loan scheme applied for and so on.
- Flexible Repayment Tenure
Business loans in Delhi can be repaid in 1 to 5 years. Many lending institutions do not charge prepayment fees allowing great flexibility to customers to repay their loans.
- Loan Amount
The maximum loan amount that can be availed is approximately Rs. 1 crore but it can be higher in certain cases. Do note, that banks grant loan after weighing financial feasibility and risk involved.
- Quick Processing
Business loan in Delhi can be easily applied online. This greatly reduces paperwork and makes it easy and convenient for the applicant.

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How to Apply for Business Loan in Delhi through Paisabazaar.com?
Customers who seek a business loan in Delhi can apply through Paisabazaar.com. The following steps can be taken to avail a business loan in Delhi:
- Visit paisabazaar.com and go to its business loan application page
- Duly fill the comprehensive form and click on View Best Offers
- Suitable business loans deals will be displayed
- Select the business loan best suited for your needs and fill out the detailed form
- An agent will call and set a date and time to pick up the documents for verification
- After the documents are verified, the loan will be sanctioned
- Post-loan sanctioning, the loan amount will be credited directly to your bank account
Do note that the bank will take some time to verify the documents provided by the customer. The time taken for loan disbursal will be at the sole discretion of the bank or NBFC.
Documents Required for Loan Application
Business loan in Delhi is only provided after successful document verification. The verification is done to ensure that the information provided by the applicant is correct and to assess the business’s worth. The documents required to successfully apply for a business loan in Delhi are:
Basic Documents:
Identity Proof | Aadhaar Card, Passport, Voter ID Card, PAN Card, Driving License |
Address Proof | Aadhaar Card, Passport, Voter ID Card, Driving License |
Mandatory Documents:
- Permanent Account Number or PAN Card
- Bank statement for the previous 6 months
- Latest Income Tax Returns (ITR), balance sheet, and profit and loss account for last 2 Years (audited by a chartered accountant)
- Proof of continuation which includes; ITR, trade license, establishment, sales tax certificate
- Sole Proprietor Declaration, Certified Copy of Partnership Deed, Certified true copy of Memorandum, and Articles of Association which must be certified by Director and original copy of Board resolution
Apply for Business Loans in other Cities of India
FAQs on Business Loan in Delhi
Q. Who can apply for a Business loan in Delhi?
Applicants who reside in Delhi 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?
The maximum loan amount that can be availed by customers who seek a business loan in Delhi is Rs. 1 crore. While this may be true, banks disburse loan only after ensuring that the applicant can repay the loan.
Q. What is the maximum tenure for business loan availed in Delhi?
The maximum loan tenure can be up to 5 years. Nevertheless, banks can extend loans beyond 5 years if they consider it a good investment.