Business Loans are the perfect financial tool to serve any short-term financial and labour capital needs for self-employed, as well as MSMEs, business owners or entrepreneurs. In this competitive financial business market, where your business grows in every developing economy, customised business loans will support you to understand any mode of business opportunities coming your way.
According to the current rates, some of the banks and NBFCs offer a minimum interest rate starting from 15% and onwards. These interest rates may vary depending on your annual revenue, a business you owned for years, the loan amount you apply and your repayment ability. Let’s find out the latest interest rate offered by leading banks and NBFCs.
|Business Loan Interest Rate 2019|
|HDFC Bank||17.40% onwards|
|Axis Bank||16% onwards|
|Lendingkart Finance||15% onwards|
|Flexi Loan||18% onwards|
|Bajaj Finserv||20.49% onwards|
|Capital First||18% onwards|
|Kotak Mahindra Finance||18.5% onwards|
|Hero Fincorp||19% onwards|
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank, NBFC and RBI. GST and service tax shall be levied extra on the mentioned charges.