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Canara Bank Business Loan Interest Rate

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HDFC Bank
Max Loan Amt.Upto 75L
Rate of Interest10.75% - 28%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
ICICI Bank
Max Loan Amt.Upto 50L
Rate of Interest13.25% 19.25%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
Axis Bank
Max Loan Amt.Upto 75L
Rate of Interest15% - 19.25%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
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How Can I Apply for a Business Loan Online?

Get up to 1 Crore in 5 Simple Steps

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.

Canara Bank – MSME/Business Loan Interest Rate

Interest rate 9.20% p.a. onwards
Loan amount Min. Rs.50, 000 to Max. up to 5 crore & above
Repayment tenure Max. up to 5 years

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 fee & charges.

Also know - Which bank gives a business loan for the lowest interest rates?

Eligibility Criteria

Before applying for any loans or business loan the person should check the eligibility criteria because every bank will check the eligibility of that person and if that person is eligible than only they will give loan to that person.  The eligibility for business loan in Canara bank is as follows:

  • The age of the applicant should be 21 years to 65 years
  • The applicant should have at least 3 years of their current business experience
  • Self- employed individuals, Proprietors, Private Ltd. Co., Manufacture and Service providers and Partnership firm

Documents required for Loan Application

When the person is availing for business loan they have to submit the documents to the banks, so that they verify your documents before giving you any business loan. Some of the documents are been mentioned below, they are:

  • Duly filled application form with 2 passport size photographs
  • PAN card: For individual or company or firm
  • KYC documents: Passport, Aadhar card , Driving license, Voter’s ID card
  • Last 6 months’ bank statements
  • Business incorporation certificate
  • Continuation proof: Sales tax certificate or Trade License or Income Tax Return or establishment
  • Last 3 years of Income tax return statements
  • Any other document required by Canara Bank

    How to Calculate Your Monthly EMI on - Business Loan EMI Calculator

Schemes offered by Canara Bank for Business Loan

The schemes offered by Canara Bank for business loan are as follows:

  • Working Capital Scheme
  • Export Finance Scheme
  • Capital Investment Scheme
  • Composite Requirements Scheme
  • Credit Guarantee Fund for Micro and Small Enterprise

Avail Canara Bank For
All Your Needs

Factors that affect the rate of interest in Business loan

The business loan will be offered to any person who runs a legitimate business and will have a good turnover. Some banks will evaluate your eligibility and then provide you loans and based on your capacity the banks will be decided the rate of interest. The following are some basic factors which affects the interest rates in business loan, they are:

  • Turnover of the business
  • Track record of the business
  • Cash flow of the business
  • What type of business whether Partnership / Private or public limited/ Proprietorship
  • Credit score of the company
  • Profit earned by business.

How Can I Apply for a Business Loan Online?

Get up to 1 Crore in 5 Simple Steps

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.

Avail Canara Bank For
All Your Needs

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What our customers say

Business loan complex hotta h

Business loan thoda complex lagta h muhje, lekin Paisabazaar pe team ne sab steps simple bana diya muhje ache se support kiya. Thank you.

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Meher SinghJan 22, 2026

Hassle-free Business Loan

I would like to take a moment to sincerely appreciate Rohit Kumar\'s (EW25946) continuous support and clear communication. Your timely responses, cooperation, and willingness to help have made a significant difference and contributed greatly to smooth coordination and successful outcomes. Your professionalism and positive approach are truly commendable, and it has been a pleasure working with you. Thank you for your dedication and for maintaining such effective communication throughout.

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MD Gausar AlamJan 20, 2026

Business loan liya tha, interest acha mila

Muhje darr tha ki interest rate kahi lenders jda na charge krle, phir paisabazaar pe sahi interest rate milla. Mera credit profile dekh ke or bhi bht saare factors consider karke interest rate milla.

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Mohit DasJan 15, 2026

Uncle ne bataya tha Paisabazaar ke baare mai

Mai online loans ke baare mai jada nhi janta, mere chacha ne bataya tha ki Paisabazaar se loan acha milta hai. Try kiya or asli mai bohot acha experience tha.

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Raju RastogiJan 14, 2026

Boutique ke liye small loan liya tha

Boutique ke liye small loan liya tha. Small entrepreneurs ke liye bht important hota hai sahi jagah se loan lena. Paiabazaar ki team bohot helpful hai.

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Vanni KumariJan 13, 2026

Loan approval ke chances dikhate h

Paisabazaar se business loan lo toh pata rehta h ki kaha loan approval ke chances jada hai. Isse thoda tension kam jata h rejection ka. Acha feature hai.

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Sobhit GuptaJan 5, 2026

Advisors bohot ache the

Business loan thoda confusing hota h. Advisors ne sahi guide kiya. Thanks you.

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Prakash MishraJan 4, 2026

Trusting platform

I take business loan from Paisabazaar two months before. very nice experience. No jhamela, only good work done. Thank you

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Priya ShawDec 30, 2025

Chote business ke liye bhi loan mila

Chote businesses ko loan milne mai dikkat hoti hai lekin yaha mil gaya. Thank you for helping small business also. Good job keep it up.

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Rupesh SharmaDec 29, 2025

Quick and easy steps

Business loan apply karne se pehle yeh sochke dar lagta tha ki bohot mehnat lagegi. Lekin mai toh surprise hi hogayi Paisabazaar ka simple or easy steps dekh ke. Itna smooth process tha ki bikul hi samjh nhi aaya kab loan approve hua or kab account mai paise agaye.

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Ishita SinghDec 28, 2025
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