Business Loan

Choose the perfect business loan to settle day-to-day costs, purchase equipment, buy stock or expand your business. We at FynnEdge let you compare loans from banks and NBFCs according to your income, profile, banking history and other financial parameters.

● No-collateral business loans available.

● Money available for any business needs.

● Choose from multiple lenders in one go.

● Interest Rate: Starts from 9.6%*

● Loan Amount: Up to 2 crore rupees*

● Loan Tenure: Up to 7 years*

*Rates, amounts, tenures, and approval depend on the terms of lenders and your eligibility.

Check Your Eligibility | Calculate EMI

Obtain a Business Loan with Ease

Whatever financing you need to buy working capital, machinery, inventory, or grow your company, we are right here to help you. With FynnEdge, all you have to do is describe what you need to get several of the best business credit offers from various lenders.

Main Features

● Flexible Funding: Use the money disbursed for whatever your company intends to do.

● No Security: Based on the specifics of your profile, there can be banks that do not require any security.

● Countless Investors: Rather than visiting banks one by one, you get to compare them.

● Online Application: The initial steps will need to be done online.

● Quick Processing: If you apply, the process will go smoothly and quickly.

Eligibility for Business Loans

Eligibility requirements for business loans can vary from one financier to another. Your business history, turnover, banking activities, existing dues, credit profile, and financial statements might be looked into before accepting your request.

Ordinary Requirements

To qualify, the business must satisfy the lender’s minimum age requirements:

● The business must generate regular cash flow and have good levels of turnover.

● No existing loans must have crossed the limits prescribed by the lender.

● A reputable credit history will work to your advantage.

● The lender checks whether you possess all the business and financial documents required.

Financial institutions will decide on eligibility as well as loans after looking into all the aspects of a client's profile.

Documents Needed to Avail a Business Loan

Preparing the documents in advance may help you in the loan process, as you will be asked to provide:

● PAN Card

● Proof of Registration of the Business

● GST Returns

● Bank Statements

● Income Tax Returns

● Financial records, if any

There may be other documents to be provided for verification purposes.

Steps to Apply for a Business Loan

Applying for a business loan can be easy if you have all the necessary information.

Step 1: Be Aware of Your Eligibility:

Provide all basic details related to your business and finances in order to have an idea of the loan options for you.

Step 2: Explore the Loan Options:

FynnEdge assists you in selecting the loan options that are suitable for you.

Step 3: Send Your Application:

You can apply for the loan that you want by submitting the information.

Step 4: Verification:

The lenders conduct a verification process of your business data and other financial details.

Step 5: Get the Decision:

After the lender concludes its evaluation and accepts the petition, the loan proceeds towards disbursement in accordance with its provisions.

Business Loan EMI Calculator

Determining your proper repayment amount for your business becomes relatively easier with the knowledge of the amount of the loan you are planning to borrow. Check your estimated EMI value using a Business Loan EMI calculator.

Reasons to Prefer FynnEdge for Getting a Business Loan

Compare different available options in the market without approaching multiple lenders.

Searching for loans can be tedious, especially if you need to contact every bank and NBFC. FynnEdge streamlines the whole process by offering the option of comparing various lenders in one go.

01 — Many Lenders to Choose from

Share your information just once and explore loan opportunities from all qualified lenders corresponding to your personal information.

02 — Easy Eligibility Study

Be aware of any relevant factors about your eligibility prior to applying for a loan.

03 — Online Application Procedure

Know the choices, submit your details and start the entire process digitally without any inconveniences.

04 – Simple EMI Planning

With the Business Loan EMI calculator, you will be able to predict the monthly payment and total cost of the loan.

05 – Assistance at Every Step of the Way

Help will be provided to know all the available choices, lenders’ expectations, and the documentation procedure.

06 – Honest Approach

According to FynnEdge, comparisons and applications on the platform do not come at any cost, whereas the charges by lenders, if there are any, are disclosed by them.

Key features

Collateral-free options available
Flexible use of funds
Fast turnaround for eligible businesses

Eligibility at a glance

A general guide — the exact criteria vary by lender and are checked precisely when you apply.

— Minimum business vintage (varies by lender)
— Healthy annual turnover
— Reasonable existing business obligations

Documents you'll need

PAN Card Business Registration Proof GST Returns Bank Statements (last 12 months) ITR (last 2 years)

How it works

1 Check eligibility
2 Compare lenders
3 Apply online
4 Business & banking verification
5 Get sanctioned

Business Loan EMI calculator

Estimate your monthly instalment and see the full year-by-year principal and interest breakdown.

Loan amount

₹

Maximum loan amount: ₹2,00,00,000

Interest rate (p.a.)

Lenders' published rates for Business Loan: 8.50%–30.50% p.a..

Tenure

years

Maximum tenure: 7 years (84 months)

Monthly EMI

₹20,517

Total interest

₹2,30,992

Total payment

₹12,30,992

Indicative only — your actual EMI depends on the lender's exact rate and terms at sanction.

Principal vs. interest

Principal 81.2%
Interest 18.8%

Principal & interest paid per year

2026

2027

2028

2029

2030

Time on the x-axis, amount repaid on the y-axis — early on leans toward interest, later on toward principal.

Full breakdown, starting this month

Assumes your first EMI falls this month — click a period to see every month within it.

Period Principal paid Interest paid Total paid

Nov 2026 – Oct 2027 Principal paid₹1,67,629 Interest paid₹78,569 Total paid₹2,46,198

Month	Principal paid	Interest paid	Total paid	Balance remaining
Nov 2026	₹13,433	₹7,083	₹20,517	₹9,86,567
Dec 2026	₹13,528	₹6,988	₹20,517	₹9,73,038
Jan 2027	₹13,624	₹6,892	₹20,517	₹9,59,414
Feb 2027	₹13,721	₹6,796	₹20,517	₹9,45,694
Mar 2027	₹13,818	₹6,699	₹20,517	₹9,31,876
Apr 2027	₹13,916	₹6,601	₹20,517	₹9,17,960
May 2027	₹14,014	₹6,502	₹20,517	₹9,03,946
Jun 2027	₹14,114	₹6,403	₹20,517	₹8,89,832
Jul 2027	₹14,214	₹6,303	₹20,517	₹8,75,619
Aug 2027	₹14,314	₹6,202	₹20,517	₹8,61,304
Sep 2027	₹14,416	₹6,101	₹20,517	₹8,46,889
Oct 2027	₹14,518	₹5,999	₹20,517	₹8,32,371

Nov 2027 – Oct 2028 Principal paid₹1,82,446 Interest paid₹63,752 Total paid₹2,46,198

Month	Principal paid	Interest paid	Total paid	Balance remaining
Nov 2027	₹14,621	₹5,896	₹20,517	₹8,17,750
Dec 2027	₹14,724	₹5,792	₹20,517	₹8,03,026
Jan 2028	₹14,828	₹5,688	₹20,517	₹7,88,198
Feb 2028	₹14,933	₹5,583	₹20,517	₹7,73,264
Mar 2028	₹15,039	₹5,477	₹20,517	₹7,58,225
Apr 2028	₹15,146	₹5,371	₹20,517	₹7,43,079
May 2028	₹15,253	₹5,263	₹20,517	₹7,27,826
Jun 2028	₹15,361	₹5,155	₹20,517	₹7,12,465
Jul 2028	₹15,470	₹5,047	₹20,517	₹6,96,995
Aug 2028	₹15,579	₹4,937	₹20,517	₹6,81,416
Sep 2028	₹15,690	₹4,827	₹20,517	₹6,65,726
Oct 2028	₹15,801	₹4,716	₹20,517	₹6,49,925

Nov 2028 – Oct 2029 Principal paid₹1,98,572 Interest paid₹47,626 Total paid₹2,46,198

Month	Principal paid	Interest paid	Total paid	Balance remaining
Nov 2028	₹15,913	₹4,604	₹20,517	₹6,34,012
Dec 2028	₹16,026	₹4,491	₹20,517	₹6,17,987
Jan 2029	₹16,139	₹4,377	₹20,517	₹6,01,847
Feb 2029	₹16,253	₹4,263	₹20,517	₹5,85,594
Mar 2029	₹16,369	₹4,148	₹20,517	₹5,69,225
Apr 2029	₹16,485	₹4,032	₹20,517	₹5,52,741
May 2029	₹16,601	₹3,915	₹20,517	₹5,36,140
Jun 2029	₹16,719	₹3,798	₹20,517	₹5,19,421
Jul 2029	₹16,837	₹3,679	₹20,517	₹5,02,583
Aug 2029	₹16,957	₹3,560	₹20,517	₹4,85,627
Sep 2029	₹17,077	₹3,440	₹20,517	₹4,68,550
Oct 2029	₹17,198	₹3,319	₹20,517	₹4,51,353

Nov 2029 – Oct 2030 Principal paid₹2,16,125 Interest paid₹30,074 Total paid₹2,46,198

Month	Principal paid	Interest paid	Total paid	Balance remaining
Nov 2029	₹17,319	₹3,197	₹20,517	₹4,34,033
Dec 2029	₹17,442	₹3,074	₹20,517	₹4,16,591
Jan 2030	₹17,566	₹2,951	₹20,517	₹3,99,025
Feb 2030	₹17,690	₹2,826	₹20,517	₹3,81,335
Mar 2030	₹17,815	₹2,701	₹20,517	₹3,63,520
Apr 2030	₹17,942	₹2,575	₹20,517	₹3,45,578
May 2030	₹18,069	₹2,448	₹20,517	₹3,27,509
Jun 2030	₹18,197	₹2,320	₹20,517	₹3,09,313
Jul 2030	₹18,326	₹2,191	₹20,517	₹2,90,987
Aug 2030	₹18,455	₹2,061	₹20,517	₹2,72,532
Sep 2030	₹18,586	₹1,930	₹20,517	₹2,53,946
Oct 2030	₹18,718	₹1,799	₹20,517	₹2,35,228

Nov 2030 – Oct 2031 Principal paid₹2,35,228 Interest paid₹10,970 Total paid₹2,46,198

Month	Principal paid	Interest paid	Total paid	Balance remaining
Nov 2030	₹18,850	₹1,666	₹20,517	₹2,16,378
Dec 2030	₹18,984	₹1,533	₹20,517	₹1,97,394
Jan 2031	₹19,118	₹1,398	₹20,517	₹1,78,276
Feb 2031	₹19,254	₹1,263	₹20,517	₹1,59,022
Mar 2031	₹19,390	₹1,126	₹20,517	₹1,39,632
Apr 2031	₹19,527	₹989	₹20,517	₹1,20,104
May 2031	₹19,666	₹851	₹20,517	₹1,00,438
Jun 2031	₹19,805	₹711	₹20,517	₹80,633
Jul 2031	₹19,945	₹571	₹20,517	₹60,688
Aug 2031	₹20,087	₹430	₹20,517	₹40,601
Sep 2031	₹20,229	₹288	₹20,517	₹20,372
Oct 2031	₹20,372	₹144	₹20,517	₹0

Balance remaining after the last month of each period shown above.

Lenders offering this product

Compare lenders side by side

Tick up to 4 lenders to compare them head to head, or apply with any lender directly.

Lenders compared: 27
Rates from: 8.50% p.a.
Loan up to: ₹10 Crore
Tenure up to: 8 yrs

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— pick at least one more to compare. — showing only your picks.

Lender	Interest rate	Loan amount	Tenure	Processing fee	Eligibility	Apply
Compare Canara Bank Canara Bank Bank Lowest rate Highest amount	Interest rate 8.50% – 9.00% p.a. · Overdraft / dropline Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹10 Lakh – ₹10 Crore	Tenure 1–1 yrs	Processing fee ₹2,500–₹250,000 + GST Fee details Canara GST: working capital cash credit on GST returns; 75% collateral; min 6 months GST filing; 75% of GST turnover routed via bank; processing per MSME service-charge schedule	Eligibility Age 21–65 yrs Min. income ₹0/mo 6+ months in current employment/business Self-employed	Apply Now
Compare Kotak Mahindra Bank Kotak Mahindra Bank Bank	Interest rate 9.50% – 30.50% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹3 Lakh – ₹1 Crore	Tenure 1–5 yrs	Processing fee ₹6,000–₹200,000 + GST Fee details Collateral-free up to ₹1 crore; PF max 2% + GST (NIL for MSE up to ₹5 lakh with URC); documentation ₹3,500/₹6,000 + GST; turnover >= ₹40 lakh, 3 yrs in business, 1 yr profit; tenure up to 60 months for doctors/CAs	Eligibility Age 25–65 yrs Min. income ₹0/mo 36+ months in current employment/business Self-employed	Apply Now
Compare Cholamandalam Finance Cholamandalam Finance NBFC / HFC	Interest rate 10.00% – 30.00% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹35 Lakh	Tenure 1–5 yrs	Processing fee ₹2,500–₹87,500 + GST Fee details Consumer & Small Enterprise Loans (CSEL): unsecured loans up to Rs 35 lakh; rates not published; IRP Dec-2025 CSEL business 10%-30%, PF up to 2.5% + GST; 12-60 months	Eligibility Age 21–65 yrs Min. income ₹0/mo Self-employed	Apply Now
Compare UCO Bank UCO Bank Bank	Interest rate 10.40% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹10 Lakh – ₹25 Lakh	Tenure 1–7 yrs	Processing fee ₹0 Fee details UCO MSME Smart (digital): processing & documentation nil; CIBIL/NeSL charges actual. ROI UCO Float 8.05% + 2.10% = 10.15%; CGTMSE covered; 2+ yrs profitable business with ITR	Eligibility Age 18–70 yrs Min. income ₹0/mo Credit score 650+ 24+ months in current employment/business Self-employed	Apply Now
Compare HDFC Bank HDFC Bank Bank	Interest rate 10.75% – 22.50% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹75 Lakh	Tenure 1–4 yrs	Processing fee ₹2,000–₹150,000 + GST Fee details Up to 2% of loan + taxes; NIL for MSE up to ₹5 lakh with URC; up to ₹1 crore in select locations; turnover >= ₹40 lakh, 5 yrs business experience, 2 yrs profit	Eligibility Age 21–65 yrs Min. income ₹25,000/mo 36+ months in current employment/business Self-employed	Apply Now
Compare IIFL Finance IIFL Finance NBFC / HFC	Interest rate 12.00% – 28.00% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹75 Lakh	Tenure 1–3 yrs	Processing fee ₹5,000–₹375,000 + GST Fee details Unsecured; PF up to 5% + GST (w.e.f. 01-Sep-2024); doc charges up to Rs 4,500 + GST; NACH bounce up to Rs 2,500 + GST	Eligibility Age 23–65 yrs Min. income ₹25,000/mo Credit score 700+ 12+ months in current employment/business Self-employed	Apply Now
Compare Tata Capital Tata Capital NBFC / HFC	Interest rate 12.00% – 30.00% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–5 yrs	Processing fee ₹2,800–₹300,000 + GST Fee details Up to 3% of loan amount + taxes; fixed or structured EMI plans	Eligibility Age 21–65 yrs Min. income ₹0/mo Credit score 675+ 24+ months in current employment/business Self-employed	Apply Now
Compare Bandhan Bank Bandhan Bank Bank	Interest rate 13.00% – 25.91% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹3 Lakh – ₹25 Lakh	Tenure 1–5 yrs	Processing fee ₹3,000–₹50,000 + GST Fee details SME fund-based (CC/OD/TL) processing up to 2.00% + GST; micro-enterprise & Sahayata loans 1.50% + GST; PB small business loan: Rs 3-25 lakh, up to 5 yrs	Eligibility Age 23–60 yrs Min. income ₹0/mo 24+ months in current employment/business Self-employed	Apply Now
Compare HDB Financial Services HDB Financial Services NBFC / HFC	Interest rate 13.00% – 30.00% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹30 Lakh	Tenure 1–3 yrs	Processing fee ₹5,900–₹177,000 Fee details Individuals Rs 1 lakh-7.5 lakh, non-individuals >7.5 lakh-30 lakh; PF up to 5.90% inclusive of GST; documentation up to 3.54%; flat max = PF cap (Rs 3,500 was application fee)	Eligibility Age 21–65 yrs Min. income ₹8,333/mo 36+ months in current employment/business Self-employed	Apply Now
Compare ICICI Bank ICICI Bank Bank	Interest rate 13.00% – 17.50% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹50 Lakh	Tenure 1–5 yrs	Processing fee ₹2,000–₹100,000 + GST Fee details Business Instalment Loan: PF up to 2% + taxes; fixed 13.25%-19.25%; prepayment nil after 24 EMIs; min business vintage 3 yrs	Eligibility Age 25–65 yrs Min. income ₹0/mo 36+ months in current employment/business Self-employed	Apply Now
Compare IDFC FIRST Bank IDFC FIRST Bank Bank	Interest rate 13.00% p.a. onwards Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹7 Lakh – ₹1 Crore	Tenure 1–4 yrs	Processing fee ₹24,500–₹350,000 + GST Fee details Up to 3.5% of loan amount (term loan); collateral-free up to Rs 1 crore; turnover Rs 1 crore+; MyMoneyMantra: PF 2%-3.5%	Eligibility Age 28–68 yrs Min. income ₹0/mo Credit score 700+ 36+ months in current employment/business Self-employed	Apply Now
Compare IndusInd Bank IndusInd Bank Bank	Interest rate 13.00% – 22.00% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹15 Lakh – ₹50 Lakh	Tenure 1–4 yrs	Processing fee ₹45,000–₹150,000 + GST Fee details Business Instalment Loan: fixed 13%-22%; PF up to 3% + taxes; foreclosure up to 5.5%; turnover >= ₹1 crore, 2 yrs audited financials, positive PBDT, paid-up capital >= ₹10 lakh	Eligibility Age 25–70 yrs Min. income ₹0/mo 36+ months in current employment/business Self-employed	Apply Now
Compare Bajaj Finance Bajaj Finance NBFC / HFC Longest tenure	Interest rate 14.00% – 23.50% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹2 Lakh – ₹80 Lakh	Tenure 1–8 yrs	Processing fee ₹7,100–₹377,600 Fee details Up to 4.72% of loan amount (inclusive of applicable taxes); Term / Flexi Term / Flexi Hybrid variants	Eligibility Age 21–80 yrs Min. income ₹0/mo Credit score 650+ 36+ months in current employment/business Self-employed	Apply Now
Compare Hero FinCorp Hero FinCorp NBFC / HFC	Interest rate 14.00% – 30.00% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹5 Lakh – ₹50 Lakh	Tenure 1–4 yrs	Processing fee ₹12,500–₹125,000 + GST Fee details Unsecured; PF up to 2.5% as per sanction letter/KFS; no foreclosure within 12 months; no minimum income; 2 yrs in business	Eligibility Age 25–65 yrs Min. income ₹0/mo 24+ months in current employment/business Self-employed	Apply Now
Compare Aditya Birla Finance Aditya Birla Finance NBFC / HFC	Interest rate 15.00% – 28.00% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–3 yrs	Processing fee ₹2,800–₹300,000 + GST Fee details Unsecured business loan: PF 2.75%-3%; cancellation 4% + taxes; foreclosure 4% + GST after 12 months; turnover > Rs 5 lakh in last 6 months	Eligibility Age 21–65 yrs Min. income ₹0/mo Credit score 700+ 12+ months in current employment/business Self-employed	Apply Now
Compare Axis Bank Axis Bank Bank	Interest rate 15.00% – 25.00% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹50,000 – ₹75 Lakh	Tenure 6–60 mo	Processing fee ₹1,000–₹150,000 + GST Fee details Unsecured business loan (SBB): PF up to 2% + taxes; foreclosure 4%/3%/2% by seasoning; part-prepayment 2% + GST; tenure 6-60 months; rate on application	Eligibility Age 21–65 yrs Min. income ₹20,833/mo 36+ months in current employment/business Self-employed	Apply Now
Compare L&T Finance L&T Finance NBFC / HFC	Interest rate 15.00% p.a. onwards Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–5 yrs	Processing fee ₹3,000–₹300,000 + GST Fee details Up to 3% on sanctioned amount + taxes plus documentation charge up to Rs 5,000 (<=Rs 25 lakh) / Rs 10,000 (>Rs 25 lakh); age 24-65, turnover Rs 80 lakh-500 Cr	Eligibility Age 24–65 yrs Min. income ₹0/mo 36+ months in current employment/business Self-employed	Apply Now
Compare Poonawalla Fincorp Poonawalla Fincorp NBFC / HFC	Interest rate 15.00% p.a. onwards Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–5 yrs	Processing fee ₹3,000–₹300,000 + GST Fee details Up to 3% + applicable taxes; foreclosure 6% (first 6 EMIs) / 5% thereafter; min annual turnover Rs 6 lakh	Eligibility Age 24–65 yrs Min. income ₹0/mo 24+ months in current employment/business Self-employed	Apply Now
Compare SMFG India Credit SMFG India Credit NBFC / HFC	Interest rate 15.50% – 24.25% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹50,000 – ₹1 Crore	Tenure 1–5 yrs	Processing fee ₹1,400–₹500,000 + GST Fee details Unsecured business/MSME loan; PF up to 2.75% (business loan) / up to 5% (SME loan) + GST; min turnover Rs 10 lakh p.a. and PAT Rs 2 lakh; foreclosure 3%-7%	Eligibility Age 21–65 yrs Min. income ₹0/mo Credit score 725+ 36+ months in current employment/business Self-employed	Apply Now
Compare Piramal Finance Piramal Finance NBFC / HFC	Interest rate 16.00% – 25.00% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹5 Lakh – ₹30 Lakh	Tenure 1–4 yrs	Processing fee ₹25,000–₹150,000 + GST Fee details Unsecured Business Loan Rs 5-30 lakh (UBL+ Rs 15-30 lakh); PF up to 5% + taxes; prepayment 5% + taxes; range per MSME unsecured quarterly disclosure	Eligibility Age 24–72 yrs Min. income ₹0/mo Self-employed	Apply Now
Compare RBL Bank RBL Bank Bank	Interest rate 18.50% – 20.50% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹10 Lakh – ₹50 Lakh	Tenure 1–4 yrs	Processing fee ₹20,000–₹100,000 + GST Fee details Max 2% of loan amount + tax, deducted at disbursal; rate at bank discretion; turnover Rs 1 crore (Rs 60 lakh receipts for professionals); 5 yrs experience, 3 yrs in same city	Eligibility Age 27–65 yrs Min. income ₹0/mo 36+ months in current employment/business Self-employed	Apply Now
Compare AU Small Finance Bank AU Small Finance Bank Bank	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹1 Lakh – ₹50 Lakh	Tenure 1–4 yrs	Processing fee ₹4,000–₹200,000 + GST Fee details Unsecured business loan: ROI up to 30%; PF up to 4% + GST; foreclosure 5% within 12 months / 3% after	Eligibility Age 21–65 yrs Min. income ₹0/mo Self-employed	Apply Now
Compare Indian Overseas Bank Indian Overseas Bank Bank Highest amount	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹20 Lakh – ₹10 Crore	Tenure 1–7 yrs	Processing fee ₹10,000–₹500,000 + GST Fee details IOB Guarantee Plus: collateral-free MSME WC/term loan above Rs20 lakh up to Rs10 cr under CGTMSE; ROI from RLLR+2.05%	Eligibility Age 21–65 yrs Min. income ₹0/mo Self-employed	Apply Now
Compare Mahindra Finance Mahindra Finance NBFC / HFC	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹1 Lakh – ₹25 Lakh	Tenure 1–4 yrs	Processing fee ₹2,000–₹50,000 + GST Fee details Business Instalment Loan (unsecured); PF up to 2% + GST; rate not published	Eligibility Age 21–65 yrs Min. income ₹0/mo Credit score 700+ Self-employed	Apply Now
Compare Shriram Finance Shriram Finance NBFC / HFC	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹1 Lakh – ₹1 Crore	Tenure 1–4 yrs	Processing fee ₹5,000–₹500,000 + GST Fee details Unsecured business loan (12-48 months); PF up to 5%; foreclosure up to 4%; IRP unsecured BL band 12%-42%; age 21-65, 3 yrs vintage	Eligibility Age 21–65 yrs Min. income ₹0/mo 36+ months in current employment/business Self-employed	Apply Now
Compare TVS Credit TVS Credit NBFC / HFC	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹1 Lakh – ₹20 Lakh	Tenure 1–4 yrs	Processing fee ₹5,900–₹118,000 Fee details Retail/mid-corporate business loans up to Rs 20 lakh; PF up to 5.9% inclusive of GST; foreclosure 4%; Interest Rate Policy business loan band 7%-36%	Eligibility Age 21–65 yrs Min. income ₹0/mo Self-employed	Apply Now
Compare Yes Bank Yes Bank Bank	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹5 Lakh – ₹60 Lakh	Tenure 1–5 yrs	Processing fee ₹999–₹150,000 + GST Fee details Up to 2.50% (min Rs 999) + GST; no prepayment for first 6 months; foreclosure 4%/3%/2% by loan age	Eligibility Age 21–65 yrs Min. income ₹0/mo Credit score 750+ 36+ months in current employment/business Self-employed	Apply Now

Lender

Interest rate

Loan amount

Tenure

Processing fee

Eligibility

Canara Bank Bank

Lowest rate Highest amount

Interest rate

8.50% – 9.00%

p.a. · Overdraft / dropline

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹10 Lakh – ₹10 Crore

Tenure

1–1 yrs

Processing fee

₹2,500–₹250,000 + GST

Fee details

Canara GST: working capital cash credit on GST returns; 75% collateral; min 6 months GST filing; 75% of GST turnover routed via bank; processing per MSME service-charge schedule

Eligibility

Age 21–65 yrs
Min. income ₹0/mo
6+ months in current employment/business
Self-employed

Apply Now

Kotak Mahindra Bank Bank

Interest rate

9.50% – 30.50%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹3 Lakh – ₹1 Crore

Tenure

1–5 yrs

Processing fee

₹6,000–₹200,000 + GST

Fee details

Collateral-free up to ₹1 crore; PF max 2% + GST (NIL for MSE up to ₹5 lakh with URC); documentation ₹3,500/₹6,000 + GST; turnover >= ₹40 lakh, 3 yrs in business, 1 yr profit; tenure up to 60 months for doctors/CAs

Eligibility

Age 25–65 yrs
Min. income ₹0/mo
36+ months in current employment/business
Self-employed

Apply Now

Cholamandalam Finance NBFC / HFC

Interest rate

10.00% – 30.00%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹35 Lakh

Tenure

1–5 yrs

Processing fee

₹2,500–₹87,500 + GST

Fee details

Consumer & Small Enterprise Loans (CSEL): unsecured loans up to Rs 35 lakh; rates not published; IRP Dec-2025 CSEL business 10%-30%, PF up to 2.5% + GST; 12-60 months

Eligibility

Age 21–65 yrs
Min. income ₹0/mo
Self-employed

Apply Now

UCO Bank Bank

Interest rate

10.40%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹10 Lakh – ₹25 Lakh

Tenure

1–7 yrs

Processing fee

₹0

Fee details

UCO MSME Smart (digital): processing & documentation nil; CIBIL/NeSL charges actual. ROI UCO Float 8.05% + 2.10% = 10.15%; CGTMSE covered; 2+ yrs profitable business with ITR

Eligibility

Age 18–70 yrs
Min. income ₹0/mo
Credit score 650+
24+ months in current employment/business
Self-employed

Apply Now

HDFC Bank Bank

Interest rate

10.75% – 22.50%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹75 Lakh

Tenure

1–4 yrs

Processing fee

₹2,000–₹150,000 + GST

Fee details

Up to 2% of loan + taxes; NIL for MSE up to ₹5 lakh with URC; up to ₹1 crore in select locations; turnover >= ₹40 lakh, 5 yrs business experience, 2 yrs profit

Eligibility

Age 21–65 yrs
Min. income ₹25,000/mo
36+ months in current employment/business
Self-employed

Apply Now

IIFL Finance NBFC / HFC

Interest rate

12.00% – 28.00%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹75 Lakh

Tenure

1–3 yrs

Processing fee

₹5,000–₹375,000 + GST

Fee details

Unsecured; PF up to 5% + GST (w.e.f. 01-Sep-2024); doc charges up to Rs 4,500 + GST; NACH bounce up to Rs 2,500 + GST

Eligibility

Age 23–65 yrs
Min. income ₹25,000/mo
Credit score 700+
12+ months in current employment/business
Self-employed

Apply Now

Tata Capital NBFC / HFC

Interest rate

12.00% – 30.00%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–5 yrs

Processing fee

₹2,800–₹300,000 + GST

Fee details

Up to 3% of loan amount + taxes; fixed or structured EMI plans

Eligibility

Age 21–65 yrs
Min. income ₹0/mo
Credit score 675+
24+ months in current employment/business
Self-employed

Apply Now

Bandhan Bank Bank

Interest rate

13.00% – 25.91%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹3 Lakh – ₹25 Lakh

Tenure

1–5 yrs

Processing fee

₹3,000–₹50,000 + GST

Fee details

SME fund-based (CC/OD/TL) processing up to 2.00% + GST; micro-enterprise & Sahayata loans 1.50% + GST; PB small business loan: Rs 3-25 lakh, up to 5 yrs

Eligibility

Age 23–60 yrs
Min. income ₹0/mo
24+ months in current employment/business
Self-employed

Apply Now

HDB Financial Services NBFC / HFC

Interest rate

13.00% – 30.00%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹30 Lakh

Tenure

1–3 yrs

Processing fee

₹5,900–₹177,000

Fee details

Individuals Rs 1 lakh-7.5 lakh, non-individuals >7.5 lakh-30 lakh; PF up to 5.90% inclusive of GST; documentation up to 3.54%; flat max = PF cap (Rs 3,500 was application fee)

Eligibility

Age 21–65 yrs
Min. income ₹8,333/mo
36+ months in current employment/business
Self-employed

Apply Now

ICICI Bank Bank

Interest rate

13.00% – 17.50%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹50 Lakh

Tenure

1–5 yrs

Processing fee

₹2,000–₹100,000 + GST

Fee details

Business Instalment Loan: PF up to 2% + taxes; fixed 13.25%-19.25%; prepayment nil after 24 EMIs; min business vintage 3 yrs

Eligibility

Age 25–65 yrs
Min. income ₹0/mo
36+ months in current employment/business
Self-employed

Apply Now

IDFC FIRST Bank Bank

Interest rate

13.00%

p.a. onwards

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹7 Lakh – ₹1 Crore

Tenure

1–4 yrs

Processing fee

₹24,500–₹350,000 + GST

Fee details

Up to 3.5% of loan amount (term loan); collateral-free up to Rs 1 crore; turnover Rs 1 crore+; MyMoneyMantra: PF 2%-3.5%

Eligibility

Age 28–68 yrs
Min. income ₹0/mo
Credit score 700+
36+ months in current employment/business
Self-employed

Apply Now

IndusInd Bank Bank

Interest rate

13.00% – 22.00%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹15 Lakh – ₹50 Lakh

Tenure

1–4 yrs

Processing fee

₹45,000–₹150,000 + GST

Fee details

Business Instalment Loan: fixed 13%-22%; PF up to 3% + taxes; foreclosure up to 5.5%; turnover >= ₹1 crore, 2 yrs audited financials, positive PBDT, paid-up capital >= ₹10 lakh

Eligibility

Age 25–70 yrs
Min. income ₹0/mo
36+ months in current employment/business
Self-employed

Apply Now

Bajaj Finance NBFC / HFC

Longest tenure

Interest rate

14.00% – 23.50%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹2 Lakh – ₹80 Lakh

Tenure

1–8 yrs

Processing fee

₹7,100–₹377,600

Fee details

Up to 4.72% of loan amount (inclusive of applicable taxes); Term / Flexi Term / Flexi Hybrid variants

Eligibility

Age 21–80 yrs
Min. income ₹0/mo
Credit score 650+
36+ months in current employment/business
Self-employed

Apply Now

Hero FinCorp NBFC / HFC

Interest rate

14.00% – 30.00%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹5 Lakh – ₹50 Lakh

Tenure

1–4 yrs

Processing fee

₹12,500–₹125,000 + GST

Fee details

Unsecured; PF up to 2.5% as per sanction letter/KFS; no foreclosure within 12 months; no minimum income; 2 yrs in business

Eligibility

Age 25–65 yrs
Min. income ₹0/mo
24+ months in current employment/business
Self-employed

Apply Now

Aditya Birla Finance NBFC / HFC

Interest rate

15.00% – 28.00%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–3 yrs

Processing fee

₹2,800–₹300,000 + GST

Fee details

Unsecured business loan: PF 2.75%-3%; cancellation 4% + taxes; foreclosure 4% + GST after 12 months; turnover > Rs 5 lakh in last 6 months

Eligibility

Age 21–65 yrs
Min. income ₹0/mo
Credit score 700+
12+ months in current employment/business
Self-employed

Apply Now

Axis Bank Bank

Interest rate

15.00% – 25.00%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹50,000 – ₹75 Lakh

Tenure

6–60 mo

Processing fee

₹1,000–₹150,000 + GST

Fee details

Unsecured business loan (SBB): PF up to 2% + taxes; foreclosure 4%/3%/2% by seasoning; part-prepayment 2% + GST; tenure 6-60 months; rate on application

Eligibility

Age 21–65 yrs
Min. income ₹20,833/mo
36+ months in current employment/business
Self-employed

Apply Now

L&T Finance NBFC / HFC

Interest rate

15.00%

p.a. onwards

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–5 yrs

Processing fee

₹3,000–₹300,000 + GST

Fee details

Up to 3% on sanctioned amount + taxes plus documentation charge up to Rs 5,000 (<=Rs 25 lakh) / Rs 10,000 (>Rs 25 lakh); age 24-65, turnover Rs 80 lakh-500 Cr

Eligibility

Age 24–65 yrs
Min. income ₹0/mo
36+ months in current employment/business
Self-employed

Apply Now

Poonawalla Fincorp NBFC / HFC

Interest rate

15.00%

p.a. onwards

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–5 yrs

Processing fee

₹3,000–₹300,000 + GST

Fee details

Up to 3% + applicable taxes; foreclosure 6% (first 6 EMIs) / 5% thereafter; min annual turnover Rs 6 lakh

Eligibility

Age 24–65 yrs
Min. income ₹0/mo
24+ months in current employment/business
Self-employed

Apply Now

SMFG India Credit NBFC / HFC

Interest rate

15.50% – 24.25%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹50,000 – ₹1 Crore

Tenure

1–5 yrs

Processing fee

₹1,400–₹500,000 + GST

Fee details

Unsecured business/MSME loan; PF up to 2.75% (business loan) / up to 5% (SME loan) + GST; min turnover Rs 10 lakh p.a. and PAT Rs 2 lakh; foreclosure 3%-7%

Eligibility

Age 21–65 yrs
Min. income ₹0/mo
Credit score 725+
36+ months in current employment/business
Self-employed

Apply Now

Piramal Finance NBFC / HFC

Interest rate

16.00% – 25.00%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹5 Lakh – ₹30 Lakh

Tenure

1–4 yrs

Processing fee

₹25,000–₹150,000 + GST

Fee details

Unsecured Business Loan Rs 5-30 lakh (UBL+ Rs 15-30 lakh); PF up to 5% + taxes; prepayment 5% + taxes; range per MSME unsecured quarterly disclosure

Eligibility

Age 24–72 yrs
Min. income ₹0/mo
Self-employed

Apply Now

RBL Bank Bank

Interest rate

18.50% – 20.50%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹10 Lakh – ₹50 Lakh

Tenure

1–4 yrs

Processing fee

₹20,000–₹100,000 + GST

Fee details

Max 2% of loan amount + tax, deducted at disbursal; rate at bank discretion; turnover Rs 1 crore (Rs 60 lakh receipts for professionals); 5 yrs experience, 3 yrs in same city

Eligibility

Age 27–65 yrs
Min. income ₹0/mo
36+ months in current employment/business
Self-employed

Apply Now

AU Small Finance Bank Bank

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹1 Lakh – ₹50 Lakh

Tenure

1–4 yrs

Processing fee

₹4,000–₹200,000 + GST

Fee details

Unsecured business loan: ROI up to 30%; PF up to 4% + GST; foreclosure 5% within 12 months / 3% after

Eligibility

Age 21–65 yrs
Min. income ₹0/mo
Self-employed

Apply Now

Indian Overseas Bank Bank

Highest amount

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹20 Lakh – ₹10 Crore

Tenure

1–7 yrs

Processing fee

₹10,000–₹500,000 + GST

Fee details

IOB Guarantee Plus: collateral-free MSME WC/term loan above Rs20 lakh up to Rs10 cr under CGTMSE; ROI from RLLR+2.05%

Eligibility

Age 21–65 yrs
Min. income ₹0/mo
Self-employed

Apply Now

Mahindra Finance NBFC / HFC

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹1 Lakh – ₹25 Lakh

Tenure

1–4 yrs

Processing fee

₹2,000–₹50,000 + GST

Fee details

Business Instalment Loan (unsecured); PF up to 2% + GST; rate not published

Eligibility

Age 21–65 yrs
Min. income ₹0/mo
Credit score 700+
Self-employed

Apply Now

Shriram Finance NBFC / HFC

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹1 Lakh – ₹1 Crore

Tenure

1–4 yrs

Processing fee

₹5,000–₹500,000 + GST

Fee details

Unsecured business loan (12-48 months); PF up to 5%; foreclosure up to 4%; IRP unsecured BL band 12%-42%; age 21-65, 3 yrs vintage

Eligibility

Age 21–65 yrs
Min. income ₹0/mo
36+ months in current employment/business
Self-employed

Apply Now

TVS Credit NBFC / HFC

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹1 Lakh – ₹20 Lakh

Tenure

1–4 yrs

Processing fee

₹5,900–₹118,000

Fee details

Retail/mid-corporate business loans up to Rs 20 lakh; PF up to 5.9% inclusive of GST; foreclosure 4%; Interest Rate Policy business loan band 7%-36%

Eligibility

Age 21–65 yrs
Min. income ₹0/mo
Self-employed

Apply Now

Yes Bank Bank

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹5 Lakh – ₹60 Lakh

Tenure

1–5 yrs

Processing fee

₹999–₹150,000 + GST

Fee details

Up to 2.50% (min Rs 999) + GST; no prepayment for first 6 months; foreclosure 4%/3%/2% by loan age

Eligibility

Age 21–65 yrs
Min. income ₹0/mo
Credit score 750+
36+ months in current employment/business
Self-employed

Apply Now

Not sure which lender fits? Check your eligibility with all 27 lenders with a single application.

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Rates are each lender's own published figures, checked against the lender's website on the date shown. The rate, amount and approval you are offered depend on the lender's assessment of your profile — FynnEdge does not guarantee approval, disbursal or any particular rate.

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Why FynnEdge?

You could go directly to a bank. But why apply for a Business Loan through us?

One profile, many lenders

Share your details once — we match you against multiple lenders' criteria instead of you applying to each one separately.

Clear, upfront eligibility

See which lenders you're likely eligible for, with plain-language reasons, before you apply.

A fully online journey

Check eligibility, compare lenders and apply — all online, without a branch visit.

Free EMI & credit tools

Plan your EMI and check your credit score for free, before you commit to anything.

Guidance, not just a listing

We help you understand your options and why a lender is or isn't a fit — not just hand you a list.

No service charges

Comparing and applying through FynnEdge is free. Any lender fees are disclosed upfront by the lender.

What our customers say

“I contacted Fynnedge for help regarding the different types of personal loans available. The process went smoothly but it took quite long for the approval. Overall, it was a good experience.””

Kavita Iyer

Hyderabad
“I collaborated with Fynnedge to seek a personal loan for a specific expenditure. The process was straightforward, and the staff explained how loans functioned. The only issue was the length of the whole application process.””

Sandeep Malhotra

Chandigarh
“I have had a very happy experience with the Flexi Hybrid Term Loan. I found the process quite easy, although I did have to go through a lot of documentation as well as learn about all the terms and conditions of the loan first." ”

Rajesh Gupta

kanpur
“At first, I was finding it hard to find the right solution for my business, but the team at Fynnedge were able to help me understand what loans I could get and what basic criteria I would have to meet. They gave very clear answers, which helped me come to a decision.”

Neha Agarwal

Jaipur, Rajasthan
“Finding a loan for my business was important, but I did not know how to get a loan. The Fynnedge professionals explained those types of loans and guided me through the process.”

A

Amit Verma

Gurugram

Frequently asked questions

What does a business loan entail?

A business loan refers to a category of finance that aids entrepreneurs in covering their costs, whether they relate to working capital requirements, purchases of inventory, goods or tools, development, or any other business purposes. A company or its owner can obtain finance of varying amounts with an assortment of terms as stipulated by finance providers.

Is it possible to take out a business loan with no collateral?

Some lenders say yes. You could also meet the requirements for unsecured business loans, depending on your credit history, the performance of the business and the guidelines of the lender.

Who is eligible to request a business loan?

Not only business owners but also freelancers and companies meeting the standards set by lenders can request loans. Businesses are evaluated based on numerous variables such as age of the business, turnover, and ability to repay the loan.

How big a loan amount can I qualify for?

The loan amount can differ based on many factors such as the income of one’s enterprise, its turnover, outstanding liabilities, and practices of lenders. Certain individuals may be qualified to access large sums of money depending on their financial capacity.

Can I use a personal loan for a business?

It depends on the provision of lenders in the borrower’s agreement whether to utilize a personal loan for business expenses. If an individual requires money to buy stock for their business or purchase machinery or working capital, or make a business expansion, a commercial loan will work better instead. It is best to check with a lender whether the loan is intended for stated purposes.

Can I get a personal loan without a salary slip?

Certainly, lenders are open to applications made without a salary slip, provided that other evidence of income is made available to the lender, such as a bank statement, tax returns, Form 16 or financial statements. However, the possibilities of approval and eligibility, along with processing and approvals, vary with lenders.

Updated 3 Nov 2026, 1:42 PM