Term Loans

Acquire the Term Loan for Your Requirements

Do not hesitate to utilise the additional funding available to cover big expenses, grow your activity, invest in machinery, etc. By obtaining a term loan, you get a lump sum amount for a specific period, and you have to pay it back in equal cash instalments.

Key Characteristics of Term Loan

● Lump-sum disbursement

● Fixed tenure

● Repayment through installments

● Best for planned expenses

With the help of a term loan, you gain access to a particular amount that you can pay off gradually through a series of instalments according to the schedule. This kind of loan can be used for various purposes, for example, to invest in company growth, buy new equipment or satisfy working capital needs.

Main Features of Term Loan

● Advance payment: The loan amount has already been issued in accordance with your application.

● Fixed repayment schedule: The loan is being repaid through instalments.

● Amount of the loan: Your funding requirements may be different according to the lender, but your creditworthiness matters.

● Timing: The loan is reasonable only if the expenses can be predicted in advance.

Eligibility at a Glance

Eligibility requirements may differ between lenders. Generally, lenders may consider:

● Business vintage and operating history

● Annual business turnover

● Income and cash flow

● Existing loan obligations

● Credit profile and repayment history

● Business registration and financial records

The lender decides final eligibility and loan terms after reviewing your application and documents.

Documents You'll Need

Depending on the lender and applicant profile, you may be asked to provide:

● PAN Card

● Business Registration Proof

● GST Returns

● Bank Statements

● Income Tax Returns

● Business and financial documents

● Identity and address proof

Additional documents may be requested during the verification process.

How It Works

1. Check Eligibility
Share your basic details to understand the Term Loan options available for your profile.

2. Compare Lenders
Review suitable lender options based on your requirements and eligibility.

3. Apply Online
Submit your application and required documents through the online process.

4. Business & Banking Verification
The lender reviews your financial information, banking details, business profile, and supporting documents.

5. Get Sanctioned
Once approved, the lender sanctions the loan and proceeds with disbursal as per its terms.

Term Loan EMI Calculator

Use the Term Loan EMI Calculator to estimate your monthly instalment before applying. Enter the loan amount, interest rate, and tenure to get an indicative view of your EMI, total interest, and overall repayment.

Why FynnEdge?

You could approach a lender directly. So, why explore a Term Loan through FynnEdge?

01 — Multiple Lender Options: Share your details once and explore suitable lender options instead of approaching multiple lenders separately.

02 — Simple Eligibility Guidance: Understand the basic eligibility requirements and factors that may affect your loan application.

03 — Online Application Journey: Check your options, compare lenders, and start your application online without making multiple branch visits.

04 — Free EMI & Credit Tools: Use financial tools to estimate your EMI and understand your credit profile before making a borrowing decision.

05 — Guidance Throughout the Process: Get assistance in understanding different loan options, lender requirements, and important loan terms.

06 — No Service Charges: Comparing and applying through FynnEdge is free. Any applicable lender charges are disclosed by the respective lender.

Apply for a Term Loan

Planning a business expansion, equipment purchase, working capital requirement, or another major expense? Explore Term Loan options through FynnEdge and understand your financing choices before applying.

Key features

Lump sum disbursal
Fixed repayment schedule
Suited to larger one-time business needs

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

Term Loan EMI calculator

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

Loan amount

₹

Maximum loan amount: ₹5,00,00,000

Interest rate (p.a.)

Lenders' published rates for Term Loan: 7.75%–22.08% p.a..

Tenure

years

Maximum tenure: 10 years (120 months)

Monthly EMI

₹20,157

Total interest

₹2,09,418

Total payment

₹12,09,418

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

Principal vs. interest

Principal 82.7%
Interest 17.3%

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₹1,70,350 Interest paid₹71,533 Total paid₹2,41,884

Month	Principal paid	Interest paid	Total paid	Balance remaining
Nov 2026	₹13,699	₹6,458	₹20,157	₹9,86,301
Dec 2026	₹13,787	₹6,370	₹20,157	₹9,72,514
Jan 2027	₹13,876	₹6,281	₹20,157	₹9,58,638
Feb 2027	₹13,966	₹6,191	₹20,157	₹9,44,672
Mar 2027	₹14,056	₹6,101	₹20,157	₹9,30,616
Apr 2027	₹14,147	₹6,010	₹20,157	₹9,16,470
May 2027	₹14,238	₹5,919	₹20,157	₹9,02,232
Jun 2027	₹14,330	₹5,827	₹20,157	₹8,87,902
Jul 2027	₹14,423	₹5,734	₹20,157	₹8,73,479
Aug 2027	₹14,516	₹5,641	₹20,157	₹8,58,963
Sep 2027	₹14,609	₹5,547	₹20,157	₹8,44,354
Oct 2027	₹14,704	₹5,453	₹20,157	₹8,29,650

Nov 2027 – Oct 2028 Principal paid₹1,84,031 Interest paid₹57,852 Total paid₹2,41,884

Month	Principal paid	Interest paid	Total paid	Balance remaining
Nov 2027	₹14,799	₹5,358	₹20,157	₹8,14,851
Dec 2027	₹14,894	₹5,263	₹20,157	₹7,99,957
Jan 2028	₹14,991	₹5,166	₹20,157	₹7,84,966
Feb 2028	₹15,087	₹5,070	₹20,157	₹7,69,879
Mar 2028	₹15,185	₹4,972	₹20,157	₹7,54,694
Apr 2028	₹15,283	₹4,874	₹20,157	₹7,39,411
May 2028	₹15,382	₹4,775	₹20,157	₹7,24,029
Jun 2028	₹15,481	₹4,676	₹20,157	₹7,08,548
Jul 2028	₹15,581	₹4,576	₹20,157	₹6,92,968
Aug 2028	₹15,682	₹4,475	₹20,157	₹6,77,286
Sep 2028	₹15,783	₹4,374	₹20,157	₹6,61,503
Oct 2028	₹15,885	₹4,272	₹20,157	₹6,45,618

Nov 2028 – Oct 2029 Principal paid₹1,98,812 Interest paid₹43,072 Total paid₹2,41,884

Month	Principal paid	Interest paid	Total paid	Balance remaining
Nov 2028	₹15,987	₹4,170	₹20,157	₹6,29,631
Dec 2028	₹16,091	₹4,066	₹20,157	₹6,13,541
Jan 2029	₹16,195	₹3,962	₹20,157	₹5,97,346
Feb 2029	₹16,299	₹3,858	₹20,157	₹5,81,047
Mar 2029	₹16,404	₹3,753	₹20,157	₹5,64,643
Apr 2029	₹16,510	₹3,647	₹20,157	₹5,48,132
May 2029	₹16,617	₹3,540	₹20,157	₹5,31,515
Jun 2029	₹16,724	₹3,433	₹20,157	₹5,14,791
Jul 2029	₹16,832	₹3,325	₹20,157	₹4,97,959
Aug 2029	₹16,941	₹3,216	₹20,157	₹4,81,018
Sep 2029	₹17,050	₹3,107	₹20,157	₹4,63,967
Oct 2029	₹17,161	₹2,996	₹20,157	₹4,46,807

Nov 2029 – Oct 2030 Principal paid₹2,14,779 Interest paid₹27,105 Total paid₹2,41,884

Month	Principal paid	Interest paid	Total paid	Balance remaining
Nov 2029	₹17,271	₹2,886	₹20,157	₹4,29,536
Dec 2029	₹17,383	₹2,774	₹20,157	₹4,12,153
Jan 2030	₹17,495	₹2,662	₹20,157	₹3,94,658
Feb 2030	₹17,608	₹2,549	₹20,157	₹3,77,049
Mar 2030	₹17,722	₹2,435	₹20,157	₹3,59,328
Apr 2030	₹17,836	₹2,321	₹20,157	₹3,41,491
May 2030	₹17,952	₹2,205	₹20,157	₹3,23,540
Jun 2030	₹18,067	₹2,090	₹20,157	₹3,05,472
Jul 2030	₹18,184	₹1,973	₹20,157	₹2,87,288
Aug 2030	₹18,302	₹1,855	₹20,157	₹2,68,987
Sep 2030	₹18,420	₹1,737	₹20,157	₹2,50,567
Oct 2030	₹18,539	₹1,618	₹20,157	₹2,32,028

Nov 2030 – Oct 2031 Principal paid₹2,32,028 Interest paid₹9,855 Total paid₹2,41,884

Month	Principal paid	Interest paid	Total paid	Balance remaining
Nov 2030	₹18,658	₹1,499	₹20,157	₹2,13,370
Dec 2030	₹18,779	₹1,378	₹20,157	₹1,94,591
Jan 2031	₹18,900	₹1,257	₹20,157	₹1,75,691
Feb 2031	₹19,022	₹1,135	₹20,157	₹1,56,668
Mar 2031	₹19,145	₹1,012	₹20,157	₹1,37,523
Apr 2031	₹19,269	₹888	₹20,157	₹1,18,254
May 2031	₹19,393	₹764	₹20,157	₹98,861
Jun 2031	₹19,518	₹638	₹20,157	₹79,343
Jul 2031	₹19,645	₹512	₹20,157	₹59,698
Aug 2031	₹19,771	₹386	₹20,157	₹39,927
Sep 2031	₹19,899	₹258	₹20,157	₹20,028
Oct 2031	₹20,028	₹129	₹20,157	₹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: 20
Rates from: 7.75% p.a.
Loan up to: ₹25 Crore
Tenure up to: 10 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 Central Bank of India Central Bank of India Bank Lowest rate Highest amount	Interest rate 7.75% – 8.45% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹5 Lakh – ₹25 Crore	Tenure 1–7 yrs	Processing fee ₹1,250–₹875,000 + GST Fee details Cent Business (GST-registered traders/manufacturers; TL/OD; 25% margin; Udyam reqd). MSME processing: waived up to Rs1 lakh, 0.25% Rs1-10 lakh, 0.25-0.35% above by rating + GST. ROI RBLR-based, not itemised	Eligibility Age 21–65 yrs Min. income ₹0/mo Self-employed	Apply Now
Compare HDB Financial Services HDB Financial Services NBFC / HFC Longest tenure	Interest rate 8.75% – 19.00% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹5 Lakh – ₹1 Crore	Tenure 1–10 yrs	Processing fee ₹11,800–₹236,000 Fee details Enterprise Business Loan (secured, for MSMEs) up to Rs 1 Cr; PF up to 2.36% inclusive of GST; application fee up to Rs 7,670; flat max = PF cap (Rs 7,670 was application fee)	Eligibility Age 22–65 yrs Min. income ₹25,000/mo 36+ months in current employment/business Salaried or Self-employed	Apply Now
Compare Piramal Finance Piramal Finance NBFC / HFC	Interest rate 8.90% p.a. onwards Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹5 Lakh – ₹35 Lakh	Tenure 1–7 yrs	Processing fee ₹25,000–₹175,000 + GST Fee details PF up to 5% + taxes; max per MSME secured quarterly disclosure	Eligibility Age 24–72 yrs Min. income ₹0/mo Self-employed	Apply Now
Compare Poonawalla Fincorp Poonawalla Fincorp NBFC / HFC	Interest rate 9.10% p.a. onwards Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹5 Lakh – ₹10 Crore	Tenure 1–6 yrs	Processing fee ₹10,000–₹2,000,000 + GST Fee details Machinery Loan Rs 5 lakh to Rs 10 Cr; PF up to 2% + taxes; foreclosure/part-payment 4% + taxes	Eligibility Age 25–65 yrs Min. income ₹0/mo 36+ months in current employment/business Self-employed	Apply Now
Compare Punjab & Sind Bank Punjab & Sind Bank Bank Longest tenure	Interest rate 9.10% – 11.55% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹10 Lakh – ₹10 Crore	Tenure 1–10 yrs	Processing fee ₹2,000–₹1,000,000 + GST Fee details PSB Vyapar Loan (OD/dropline/term loan, property-backed, 35% margin): 1% of loan amt, min Rs2,000 + GST. ROI 9.15-11.30% (PRLR-linked); term loan up to 10 yrs	Eligibility Age 21–65 yrs Min. income ₹0/mo Self-employed	Apply Now
Compare UCO Bank UCO Bank Bank	Interest rate 9.30% – 12.45% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹5 Lakh – ₹10 Crore	Tenure 1–7 yrs	Processing fee ₹1,250–₹400,000 + GST Fee details MSE funded exposure (MSME rate page 21.12.2023): up to Rs25 lakh MCLR+1.15% = 9.85%; Rs25 lakh-1 cr MCLR+2.15% = 10.85%; above Rs1 cr 10.60-11.85%; CGTMSE mandatory up to Rs1 cr	Eligibility Age 21–65 yrs Min. income ₹0/mo Credit score 650+ Self-employed	Apply Now
Compare Canara Bank Canara Bank Bank	Interest rate 9.55% – 14.25% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹5 Lakh – ₹10 Crore	Tenure 1–7 yrs	Processing fee ₹1,200–₹250,000 + GST Fee details MSME term loans RLLR (8.00%) + 1.30% to + 1.55% (≤₹2L) and risk-based + 1.40% to + 6.00% (₹2L–₹2 Cr); 0.50% concession for women entrepreneurs; 0.25% for CGTMSE-covered (card w.e.f. 01-Apr-2026)	Eligibility Age 21–65 yrs Min. income ₹0/mo Self-employed	Apply Now
Compare Bajaj Finance Bajaj Finance NBFC / HFC	Interest rate 10.00% – 18.25% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹5 Lakh – ₹8 Crore	Tenure 1–8 yrs	Processing fee ₹17,700–₹3,776,000 Fee details SBL min salary Rs 24,000/month	Eligibility Age 21–80 yrs Min. income ₹24,000/mo Credit score 650+ 36+ months in current employment/business Self-employed	Apply Now
Compare Cholamandalam Finance Cholamandalam Finance NBFC / HFC	Interest rate 10.00% – 17.00% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹10 Lakh – ₹20 Crore	Tenure 1–5 yrs	Processing fee ₹20,000–₹4,000,000 + GST Fee details SME secured term loans / equipment finance Rs 10 lakh to Rs 20 Cr; equipment finance tenure 12-60 months; business must be profitable for last 3 financial years; IRP Dec-2025 SME term loan 10%-17%, equipment finance 9.5%-19%; PF up to 2% + GST	Eligibility Age 25–65 yrs Min. income ₹0/mo 36+ months in current employment/business Self-employed	Apply Now
Compare Axis Bank Axis Bank Bank Longest tenure	Interest rate 10.20% – 10.65% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹5 Lakh – ₹10 Crore	Tenure 1–10 yrs	Processing fee ₹10,000–₹2,000,000 + GST Fee details Long-term business loans for self-employed/MSME (basis ITR/GST/banking conduct): PF up to 2% + taxes; foreclosure 4%/3%/2% by seasoning; rate on application	Eligibility Age 21–65 yrs Min. income ₹0/mo 36+ months in current employment/business Self-employed	Apply Now
Compare IDFC FIRST Bank IDFC FIRST Bank Bank Longest tenure	Interest rate 10.49% p.a. onwards Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹5 Lakh – ₹10 Crore	Tenure 1–10 yrs	Processing fee ₹10,000–₹3,500,000 + GST Fee details Machinery/equipment loan up to Rs 10 crore (up to Rs 3 crore without additional collateral); 1-10 year tenure; PF typically 2%-3.5% + GST (as per IDFC business loan)	Eligibility Age 25–68 yrs Min. income ₹0/mo 36+ months in current employment/business Self-employed	Apply Now
Compare Manappuram Finance Manappuram Finance NBFC / HFC Longest tenure	Interest rate 13.00% – 22.08% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹5 Lakh – ₹50 Lakh	Tenure 1–10 yrs	Processing fee ₹5,000–₹50,000 + GST Fee details Secured MSME business loan (collateral required); PF min 1% + tax; LTV up to 80%; min tenure 12 months (official); score 560/income Rs 25,000 per mortgage vertical	Eligibility Age 21–65 yrs Min. income ₹0/mo Self-employed	Apply Now
Compare Tata Capital Tata Capital NBFC / HFC	Interest rate 16.00% p.a. onwards Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹40,000 – ₹1 Crore	Tenure 1–5 yrs	Processing fee ₹1,100–₹300,000 + GST Fee details PF as per business loan schedule up to 3% + taxes	Eligibility Age 21–65 yrs Min. income ₹0/mo Credit score 700+ 36+ months in current employment/business Self-employed	Apply Now
Compare HDFC Bank HDFC Bank Bank	Interest rate 18.00% p.a. Rate verified 13 Oct 2026 · lender's rates	Loan amount ₹5 Lakh – ₹10 Crore	Tenure 1–7 yrs	Processing fee ₹10,000–₹2,000,000 + GST Fee details MSME/SME term loans (EasyEMI SME, machinery & equipment finance); PF up to 2%, NIL for MSE up to ₹5 lakh with URC; pricing on application	Eligibility Age 21–65 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 ₹5 Lakh – ₹10 Crore	Tenure 1–7 yrs	Processing fee ₹15,000–₹3,000,000 + GST Fee details Business Banking term loans/working capital (SOC dated 01-01-2026): ROI up to 18%, PF up to 3%, renewal up to 1%; Emerging Enterprises up to 22% / PF up to 5%	Eligibility Age 21–65 yrs Min. income ₹0/mo Self-employed	Apply Now
Compare Aditya Birla Finance Aditya Birla Finance NBFC / HFC	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹10 Lakh – ₹3 Crore	Tenure 1–7 yrs	Processing fee ₹30,000–₹900,000 + GST Fee details Machinery Loan Rs 10 lakh to Rs 3 Cr, LTV up to 85%, disbursed to OEM; PF as per schedule of charges; PF up to 3% + GST (MyMoneyMantra)	Eligibility Age 21–60 yrs Min. income ₹0/mo Credit score 700+ Self-employed	Apply Now
Compare ICICI Bank ICICI Bank Bank	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹5 Lakh – ₹15 Crore	Tenure 1–7 yrs	Processing fee ₹10,000–₹3,000,000 + GST Fee details Secured MSME facilities: up to Repo (5.25%) + 6.0% non-PSL (CGTMSE-backed up to Repo + 6.50%); PF up to 2% + taxes; SME credit limits up to ₹15 crore; Insta secured OD from 10.75%	Eligibility Age 21–70 yrs Min. income ₹0/mo Self-employed	Apply Now
Compare IndusInd Bank IndusInd Bank Bank	Interest rate Check current rates Rate confirmed by the lender when you apply	Loan amount ₹5 Lakh – ₹10 Crore	Tenure 1–7 yrs	Processing fee ₹15,000–₹3,000,000 + GST Fee details MSME term loans for expansion/capex; business vintage 3 yrs, profitable 2 yrs, turnover ₹1-250 crore; decision 14 days (<₹25 lakh) / 45 days	Eligibility Age 25–70 yrs Min. income ₹0/mo 36+ months in current employment/business 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 1–5 yrs	Processing fee ₹2,000–₹50,000 + GST Fee details Machinery term loan: finances up to 80% of new machinery cost; PF up to 2% + GST; EMI calculator range Rs 1 lakh-25 lakh	Eligibility Age 21–65 yrs Min. income ₹0/mo 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 – ₹10 Crore	Tenure 1–7 yrs	Processing fee ₹5,000–₹5,000,000 + GST Fee details Secured MSME business loan (12-84 months) from 10% fixed; PF up to 5%; foreclosure up to 4%; up to Rs 10 Cr; IRP secured BL/SME band 10%-28%; 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

Lender

Interest rate

Loan amount

Tenure

Processing fee

Eligibility

Central Bank of India Bank

Lowest rate Highest amount

Interest rate

7.75% – 8.45%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹5 Lakh – ₹25 Crore

Tenure

1–7 yrs

Processing fee

₹1,250–₹875,000 + GST

Fee details

Cent Business (GST-registered traders/manufacturers; TL/OD; 25% margin; Udyam reqd). MSME processing: waived up to Rs1 lakh, 0.25% Rs1-10 lakh, 0.25-0.35% above by rating + GST. ROI RBLR-based, not itemised

Eligibility

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

Apply Now

HDB Financial Services NBFC / HFC

Longest tenure

Interest rate

8.75% – 19.00%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹5 Lakh – ₹1 Crore

Tenure

1–10 yrs

Processing fee

₹11,800–₹236,000

Fee details

Enterprise Business Loan (secured, for MSMEs) up to Rs 1 Cr; PF up to 2.36% inclusive of GST; application fee up to Rs 7,670; flat max = PF cap (Rs 7,670 was application fee)

Eligibility

Age 22–65 yrs
Min. income ₹25,000/mo
36+ months in current employment/business
Salaried or Self-employed

Apply Now

Piramal Finance NBFC / HFC

Interest rate

8.90%

p.a. onwards

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹5 Lakh – ₹35 Lakh

Tenure

1–7 yrs

Processing fee

₹25,000–₹175,000 + GST

Fee details

PF up to 5% + taxes; max per MSME secured quarterly disclosure

Eligibility

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

Apply Now

Poonawalla Fincorp NBFC / HFC

Interest rate

9.10%

p.a. onwards

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹5 Lakh – ₹10 Crore

Tenure

1–6 yrs

Processing fee

₹10,000–₹2,000,000 + GST

Fee details

Machinery Loan Rs 5 lakh to Rs 10 Cr; PF up to 2% + taxes; foreclosure/part-payment 4% + taxes

Eligibility

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

Apply Now

Punjab & Sind Bank Bank

Longest tenure

Interest rate

9.10% – 11.55%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹10 Lakh – ₹10 Crore

Tenure

1–10 yrs

Processing fee

₹2,000–₹1,000,000 + GST

Fee details

PSB Vyapar Loan (OD/dropline/term loan, property-backed, 35% margin): 1% of loan amt, min Rs2,000 + GST. ROI 9.15-11.30% (PRLR-linked); term loan up to 10 yrs

Eligibility

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

Apply Now

UCO Bank Bank

Interest rate

9.30% – 12.45%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹5 Lakh – ₹10 Crore

Tenure

1–7 yrs

Processing fee

₹1,250–₹400,000 + GST

Fee details

MSE funded exposure (MSME rate page 21.12.2023): up to Rs25 lakh MCLR+1.15% = 9.85%; Rs25 lakh-1 cr MCLR+2.15% = 10.85%; above Rs1 cr 10.60-11.85%; CGTMSE mandatory up to Rs1 cr

Eligibility

Age 21–65 yrs
Min. income ₹0/mo
Credit score 650+
Self-employed

Apply Now

Canara Bank Bank

Interest rate

9.55% – 14.25%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹5 Lakh – ₹10 Crore

Tenure

1–7 yrs

Processing fee

₹1,200–₹250,000 + GST

Fee details

MSME term loans RLLR (8.00%) + 1.30% to + 1.55% (≤₹2L) and risk-based + 1.40% to + 6.00% (₹2L–₹2 Cr); 0.50% concession for women entrepreneurs; 0.25% for CGTMSE-covered (card w.e.f. 01-Apr-2026)

Eligibility

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

Apply Now

Bajaj Finance NBFC / HFC

Interest rate

10.00% – 18.25%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹5 Lakh – ₹8 Crore

Tenure

1–8 yrs

Processing fee

₹17,700–₹3,776,000

Fee details

SBL min salary Rs 24,000/month

Eligibility

Age 21–80 yrs
Min. income ₹24,000/mo
Credit score 650+
36+ months in current employment/business
Self-employed

Apply Now

Cholamandalam Finance NBFC / HFC

Interest rate

10.00% – 17.00%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹10 Lakh – ₹20 Crore

Tenure

1–5 yrs

Processing fee

₹20,000–₹4,000,000 + GST

Fee details

SME secured term loans / equipment finance Rs 10 lakh to Rs 20 Cr; equipment finance tenure 12-60 months; business must be profitable for last 3 financial years; IRP Dec-2025 SME term loan 10%-17%, equipment finance 9.5%-19%; PF up to 2% + GST

Eligibility

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

Apply Now

Axis Bank Bank

Longest tenure

Interest rate

10.20% – 10.65%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹5 Lakh – ₹10 Crore

Tenure

1–10 yrs

Processing fee

₹10,000–₹2,000,000 + GST

Fee details

Long-term business loans for self-employed/MSME (basis ITR/GST/banking conduct): PF up to 2% + taxes; foreclosure 4%/3%/2% by seasoning; rate on application

Eligibility

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

Apply Now

IDFC FIRST Bank Bank

Longest tenure

Interest rate

10.49%

p.a. onwards

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹5 Lakh – ₹10 Crore

Tenure

1–10 yrs

Processing fee

₹10,000–₹3,500,000 + GST

Fee details

Machinery/equipment loan up to Rs 10 crore (up to Rs 3 crore without additional collateral); 1-10 year tenure; PF typically 2%-3.5% + GST (as per IDFC business loan)

Eligibility

Age 25–68 yrs
Min. income ₹0/mo
36+ months in current employment/business
Self-employed

Apply Now

Manappuram Finance NBFC / HFC

Longest tenure

Interest rate

13.00% – 22.08%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹5 Lakh – ₹50 Lakh

Tenure

1–10 yrs

Processing fee

₹5,000–₹50,000 + GST

Fee details

Secured MSME business loan (collateral required); PF min 1% + tax; LTV up to 80%; min tenure 12 months (official); score 560/income Rs 25,000 per mortgage vertical

Eligibility

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

Apply Now

Tata Capital NBFC / HFC

Interest rate

16.00%

p.a. onwards

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹40,000 – ₹1 Crore

Tenure

1–5 yrs

Processing fee

₹1,100–₹300,000 + GST

Fee details

PF as per business loan schedule up to 3% + taxes

Eligibility

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

Apply Now

HDFC Bank Bank

Interest rate

18.00%

p.a.

Rate verified 13 Oct 2026 · lender's rates

Loan amount

₹5 Lakh – ₹10 Crore

Tenure

1–7 yrs

Processing fee

₹10,000–₹2,000,000 + GST

Fee details

MSME/SME term loans (EasyEMI SME, machinery & equipment finance); PF up to 2%, NIL for MSE up to ₹5 lakh with URC; pricing on application

Eligibility

Age 21–65 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

₹5 Lakh – ₹10 Crore

Tenure

1–7 yrs

Processing fee

₹15,000–₹3,000,000 + GST

Fee details

Business Banking term loans/working capital (SOC dated 01-01-2026): ROI up to 18%, PF up to 3%, renewal up to 1%; Emerging Enterprises up to 22% / PF up to 5%

Eligibility

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

Apply Now

Aditya Birla Finance NBFC / HFC

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹10 Lakh – ₹3 Crore

Tenure

1–7 yrs

Processing fee

₹30,000–₹900,000 + GST

Fee details

Machinery Loan Rs 10 lakh to Rs 3 Cr, LTV up to 85%, disbursed to OEM; PF as per schedule of charges; PF up to 3% + GST (MyMoneyMantra)

Eligibility

Age 21–60 yrs
Min. income ₹0/mo
Credit score 700+
Self-employed

Apply Now

ICICI Bank Bank

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹5 Lakh – ₹15 Crore

Tenure

1–7 yrs

Processing fee

₹10,000–₹3,000,000 + GST

Fee details

Secured MSME facilities: up to Repo (5.25%) + 6.0% non-PSL (CGTMSE-backed up to Repo + 6.50%); PF up to 2% + taxes; SME credit limits up to ₹15 crore; Insta secured OD from 10.75%

Eligibility

Age 21–70 yrs
Min. income ₹0/mo
Self-employed

Apply Now

IndusInd Bank Bank

Interest rate

Check current rates

Rate confirmed by the lender when you apply

Loan amount

₹5 Lakh – ₹10 Crore

Tenure

1–7 yrs

Processing fee

₹15,000–₹3,000,000 + GST

Fee details

MSME term loans for expansion/capex; business vintage 3 yrs, profitable 2 yrs, turnover ₹1-250 crore; decision 14 days (<₹25 lakh) / 45 days

Eligibility

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

1–5 yrs

Processing fee

₹2,000–₹50,000 + GST

Fee details

Machinery term loan: finances up to 80% of new machinery cost; PF up to 2% + GST; EMI calculator range Rs 1 lakh-25 lakh

Eligibility

Age 21–65 yrs
Min. income ₹0/mo
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 – ₹10 Crore

Tenure

1–7 yrs

Processing fee

₹5,000–₹5,000,000 + GST

Fee details

Secured MSME business loan (12-84 months) from 10% fixed; PF up to 5%; foreclosure up to 4%; up to Rs 10 Cr; IRP secured BL/SME band 10%-28%; 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

Not sure which lender fits? Check your eligibility with all 20 lenders with a single application.

Check eligibility

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.

Explore Term Loan by amount, type, need & location

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Why FynnEdge?

You could go directly to a bank. But why apply for a Term 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

Frequently asked questions

What is a Term Loan?

A Term Loan is a type of financing where the borrower receives a lump-sum amount upfront and repays it through regular EMIs over a fixed period. It can be used for business expansion, equipment purchases, working capital, or other planned expenses.

How much Term Loan can I get?

The loan amount depends on factors such as your income, business turnover, credit profile, repayment capacity, and the lender's eligibility criteria. Eligible applicants may be able to access funding of up to ₹5 Crore, subject to lender approval.

What is the repayment tenure for a Term Loan?

The repayment tenure depends on the lender and the applicant's profile. Depending on the loan product, eligible borrowers may get repayment periods of up to 10 years.

Updated 28 Sep 2026, 2:38 PM