Business loan

Interest Rate 9.85% p.a. onwards
Loan AmountUp to Rs.25 lakh  
Loan TenureUp to 5 years 
Processing Fee0% – 6% of the loan amount + GST
  • A personal loan is a financial instrument that helps you avail funds for a multitude of uses. Like any regular loan; when opting for a Personal Loan you are advanced a specific amount of funds at a set interest rate and can clear it via a fixed repayment tenure. However, a few aspects of a personal loan may prove more advantageous than other loans lie such as:
  • It does not lock in any of the applicant’s assets. As opposed to a Home or Car Loan which locks in the asset against which the loan is sought; Personal Loans provide advances for your needs without any collateral.
  • Unrestricted usage: much like the name states. A personal loan is to be availed in case one needs a financial lump-sum for any personal use. Be it due to a medical/social event, lifestyle needs such as home repairs/renovation, or even to consolidate existing loans.

 Bank

Interest Rate

Processing Fee

Tenure

HOME CREDIT Business LOAN

24% to 49%

Interest Rate

0 to 5%

Processing Fee

1-3 Years

Tenure Range

Paysense

6% to 36% 

Interest Rate

Up to 2.50%

Processing Fee

1-5 Years

Tenure Range

Lending kart

1.5% to 2% per Month

Interest Rate

Up to 3%

Processing Fee

1-3 Years

Tenure Range

HDB Business Loan

15.75% to 32%

Interest Rate

Up to 2.50%

Processing Fee

1-5 Years

Tenure Range