Looking for a Business Loan in Chandigarh? FynnEdge compares Business Loan offers from partner banks and NBFCs for applicants living or working across Chandigarh — including Sector 17, Sector 35, Manimajra and the wider Tricity of Mohali and Panchkula — so you can check eligibility and start your application online.
Business Loan is typically available from ₹100,000 to ₹20,000,000 over a tenure of 12–84 months, at lenders' published rates of 8.50%–30.50% p.a.
Lenders typically assess: Minimum business vintage (varies by lender); Healthy annual turnover; Reasonable existing business obligations.
Documents commonly required: PAN Card, Business Registration Proof, GST Returns, Bank Statements (last 12 months), ITR (last 2 years).
Eligibility and final terms are set by the lender at the time of application — the figures here are indicative starting points, not a guarantee of approval or of the exact rate you'll be offered.
Business Loan in Chandigarh EMI calculator
Estimate your monthly instalment and see the full year-by-year principal and interest breakdown.
Maximum loan amount: ₹2,00,00,000
Lenders' published rates for Business Loan: 8.50%–30.50% p.a..
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
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.
Oct 2026 – Sep 2027 Principal paid₹1,67,629 Interest paid₹78,569 Total paid₹2,46,198
| Month | Principal paid | Interest paid | Total paid | Balance remaining |
|---|---|---|---|---|
| Oct 2026 | ₹13,433 | ₹7,083 | ₹20,517 | ₹9,86,567 |
| Nov 2026 | ₹13,528 | ₹6,988 | ₹20,517 | ₹9,73,038 |
| Dec 2026 | ₹13,624 | ₹6,892 | ₹20,517 | ₹9,59,414 |
| Jan 2027 | ₹13,721 | ₹6,796 | ₹20,517 | ₹9,45,694 |
| Feb 2027 | ₹13,818 | ₹6,699 | ₹20,517 | ₹9,31,876 |
| Mar 2027 | ₹13,916 | ₹6,601 | ₹20,517 | ₹9,17,960 |
| Apr 2027 | ₹14,014 | ₹6,502 | ₹20,517 | ₹9,03,946 |
| May 2027 | ₹14,114 | ₹6,403 | ₹20,517 | ₹8,89,832 |
| Jun 2027 | ₹14,214 | ₹6,303 | ₹20,517 | ₹8,75,619 |
| Jul 2027 | ₹14,314 | ₹6,202 | ₹20,517 | ₹8,61,304 |
| Aug 2027 | ₹14,416 | ₹6,101 | ₹20,517 | ₹8,46,889 |
| Sep 2027 | ₹14,518 | ₹5,999 | ₹20,517 | ₹8,32,371 |
Oct 2027 – Sep 2028 Principal paid₹1,82,446 Interest paid₹63,752 Total paid₹2,46,198
| Month | Principal paid | Interest paid | Total paid | Balance remaining |
|---|---|---|---|---|
| Oct 2027 | ₹14,621 | ₹5,896 | ₹20,517 | ₹8,17,750 |
| Nov 2027 | ₹14,724 | ₹5,792 | ₹20,517 | ₹8,03,026 |
| Dec 2027 | ₹14,828 | ₹5,688 | ₹20,517 | ₹7,88,198 |
| Jan 2028 | ₹14,933 | ₹5,583 | ₹20,517 | ₹7,73,264 |
| Feb 2028 | ₹15,039 | ₹5,477 | ₹20,517 | ₹7,58,225 |
| Mar 2028 | ₹15,146 | ₹5,371 | ₹20,517 | ₹7,43,079 |
| Apr 2028 | ₹15,253 | ₹5,263 | ₹20,517 | ₹7,27,826 |
| May 2028 | ₹15,361 | ₹5,155 | ₹20,517 | ₹7,12,465 |
| Jun 2028 | ₹15,470 | ₹5,047 | ₹20,517 | ₹6,96,995 |
| Jul 2028 | ₹15,579 | ₹4,937 | ₹20,517 | ₹6,81,416 |
| Aug 2028 | ₹15,690 | ₹4,827 | ₹20,517 | ₹6,65,726 |
| Sep 2028 | ₹15,801 | ₹4,716 | ₹20,517 | ₹6,49,925 |
Oct 2028 – Sep 2029 Principal paid₹1,98,572 Interest paid₹47,626 Total paid₹2,46,198
| Month | Principal paid | Interest paid | Total paid | Balance remaining |
|---|---|---|---|---|
| Oct 2028 | ₹15,913 | ₹4,604 | ₹20,517 | ₹6,34,012 |
| Nov 2028 | ₹16,026 | ₹4,491 | ₹20,517 | ₹6,17,987 |
| Dec 2028 | ₹16,139 | ₹4,377 | ₹20,517 | ₹6,01,847 |
| Jan 2029 | ₹16,253 | ₹4,263 | ₹20,517 | ₹5,85,594 |
| Feb 2029 | ₹16,369 | ₹4,148 | ₹20,517 | ₹5,69,225 |
| Mar 2029 | ₹16,485 | ₹4,032 | ₹20,517 | ₹5,52,741 |
| Apr 2029 | ₹16,601 | ₹3,915 | ₹20,517 | ₹5,36,140 |
| May 2029 | ₹16,719 | ₹3,798 | ₹20,517 | ₹5,19,421 |
| Jun 2029 | ₹16,837 | ₹3,679 | ₹20,517 | ₹5,02,583 |
| Jul 2029 | ₹16,957 | ₹3,560 | ₹20,517 | ₹4,85,627 |
| Aug 2029 | ₹17,077 | ₹3,440 | ₹20,517 | ₹4,68,550 |
| Sep 2029 | ₹17,198 | ₹3,319 | ₹20,517 | ₹4,51,353 |
Oct 2029 – Sep 2030 Principal paid₹2,16,125 Interest paid₹30,074 Total paid₹2,46,198
| Month | Principal paid | Interest paid | Total paid | Balance remaining |
|---|---|---|---|---|
| Oct 2029 | ₹17,319 | ₹3,197 | ₹20,517 | ₹4,34,033 |
| Nov 2029 | ₹17,442 | ₹3,074 | ₹20,517 | ₹4,16,591 |
| Dec 2029 | ₹17,566 | ₹2,951 | ₹20,517 | ₹3,99,025 |
| Jan 2030 | ₹17,690 | ₹2,826 | ₹20,517 | ₹3,81,335 |
| Feb 2030 | ₹17,815 | ₹2,701 | ₹20,517 | ₹3,63,520 |
| Mar 2030 | ₹17,942 | ₹2,575 | ₹20,517 | ₹3,45,578 |
| Apr 2030 | ₹18,069 | ₹2,448 | ₹20,517 | ₹3,27,509 |
| May 2030 | ₹18,197 | ₹2,320 | ₹20,517 | ₹3,09,313 |
| Jun 2030 | ₹18,326 | ₹2,191 | ₹20,517 | ₹2,90,987 |
| Jul 2030 | ₹18,455 | ₹2,061 | ₹20,517 | ₹2,72,532 |
| Aug 2030 | ₹18,586 | ₹1,930 | ₹20,517 | ₹2,53,946 |
| Sep 2030 | ₹18,718 | ₹1,799 | ₹20,517 | ₹2,35,228 |
Oct 2030 – Sep 2031 Principal paid₹2,35,228 Interest paid₹10,970 Total paid₹2,46,198
| Month | Principal paid | Interest paid | Total paid | Balance remaining |
|---|---|---|---|---|
| Oct 2030 | ₹18,850 | ₹1,666 | ₹20,517 | ₹2,16,378 |
| Nov 2030 | ₹18,984 | ₹1,533 | ₹20,517 | ₹1,97,394 |
| Dec 2030 | ₹19,118 | ₹1,398 | ₹20,517 | ₹1,78,276 |
| Jan 2031 | ₹19,254 | ₹1,263 | ₹20,517 | ₹1,59,022 |
| Feb 2031 | ₹19,390 | ₹1,126 | ₹20,517 | ₹1,39,632 |
| Mar 2031 | ₹19,527 | ₹989 | ₹20,517 | ₹1,20,104 |
| Apr 2031 | ₹19,666 | ₹851 | ₹20,517 | ₹1,00,438 |
| May 2031 | ₹19,805 | ₹711 | ₹20,517 | ₹80,633 |
| Jun 2031 | ₹19,945 | ₹571 | ₹20,517 | ₹60,688 |
| Jul 2031 | ₹20,087 | ₹430 | ₹20,517 | ₹40,601 |
| Aug 2031 | ₹20,229 | ₹288 | ₹20,517 | ₹20,372 |
| Sep 2031 | ₹20,372 | ₹144 | ₹20,517 | ₹0 |
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
— pick at least one more to compare. — showing only your picks.
| Lender | Interest rate | Loan amount | Tenure | Processing fee | Eligibility | Apply |
|---|---|---|---|---|---|---|
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 detailsCanara 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
|
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 detailsCollateral-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
|
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 detailsConsumer & 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
|
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 detailsUCO 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
|
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 detailsUp 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
|
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 detailsUnsecured; 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
|
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 detailsUp to 3% of loan amount + taxes; fixed or structured EMI plans |
Eligibility
|
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 detailsSME 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
|
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 detailsIndividuals 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
|
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 detailsBusiness Instalment Loan: PF up to 2% + taxes; fixed 13.25%-19.25%; prepayment nil after 24 EMIs; min business vintage 3 yrs |
Eligibility
|
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 detailsUp 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
|
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 detailsBusiness 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
|
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 detailsUp to 4.72% of loan amount (inclusive of applicable taxes); Term / Flexi Term / Flexi Hybrid variants |
Eligibility
|
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 detailsUnsecured; PF up to 2.5% as per sanction letter/KFS; no foreclosure within 12 months; no minimum income; 2 yrs in business |
Eligibility
|
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 detailsUnsecured business loan: PF 2.75%-3%; cancellation 4% + taxes; foreclosure 4% + GST after 12 months; turnover > Rs 5 lakh in last 6 months |
Eligibility
|
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 detailsUnsecured 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
|
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 detailsUp 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
|
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 detailsUp to 3% + applicable taxes; foreclosure 6% (first 6 EMIs) / 5% thereafter; min annual turnover Rs 6 lakh |
Eligibility
|
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 detailsUnsecured 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
|
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 detailsUnsecured 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
|
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 detailsMax 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
|
Apply Now |
|
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 detailsUnsecured business loan: ROI up to 30%; PF up to 4% + GST; foreclosure 5% within 12 months / 3% after |
Eligibility
|
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 detailsIOB Guarantee Plus: collateral-free MSME WC/term loan above Rs20 lakh up to Rs10 cr under CGTMSE; ROI from RLLR+2.05% |
Eligibility
|
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 detailsBusiness Instalment Loan (unsecured); PF up to 2% + GST; rate not published |
Eligibility
|
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 detailsUnsecured 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
|
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 detailsRetail/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
|
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 detailsUp to 2.50% (min Rs 999) + GST; no prepayment for first 6 months; foreclosure 4%/3%/2% by loan age |
Eligibility
|
Apply Now |
Not sure which lender fits? Check your eligibility with all 27 lenders with a single application.
Check eligibilityRates 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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