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Small Business Loan
Fuel your business growth with quick and easy financing. Ideal for working capital needs, inventory purchase, or small equipment upgrades with minimal documentation.
65+
Lending Partners
Rs.65k Cr+
Loans Disbursed
Loan Details
Small Business Loan Calculator
Calculate your EMI and total interest for small business loans.
Instant Approval
No Hidden Charges
100% Digital Process
Representative Example:
Borrow ₹2,00,000 over 12 months at 9.99% APR. Total repayment: ₹2,10,986.97 with monthly EMIs of ₹17,582.25.
EMI Calculator
Select Your Bank
Enter Loan Amount
₹2,00,000
50K50L
9.99
8%30%
1
1Y10Y
Monthly EMI
₹17,582.25
Total Interest
₹10,986.97
Small Business Loans (MSME)
Fueling growth for Micro, Small, and Medium Enterprises through tailored financial solutions, working capital, and government-backed schemes.
DefinitionAbout Small Business (MSME)
Small business loans are typically categorized under the MSME (Micro, Small, and Medium Enterprises) sector. In many regions (including India), the classification is based on Investment and Annual Turnover.
| Category | Investment (Plant & Machinery) | Annual Turnover |
|---|---|---|
| Micro | Up to ₹1 Crore | Up to ₹5 Crore |
| Small | Up to ₹10 Crore | Up to ₹50 Crore |
| Medium | Up to ₹50 Crore | Up to ₹250 Crore |
Eligibility Criteria
- ✓Business Vintage: The business should have been operational for at least 2-3 years with a positive trend in turnover.
- ✓Credit Score: A CIBIL/Credit score of 700+ is typically required for unsecured loans. (650+ for secured/collateral loans).
- ✓Turnover: Minimum annual turnover varies by bank, often starting from ₹10 Lakhs to ₹40 Lakhs.
- ✓Age Limit: Applicant age should be between 21 and 65 years at the time of loan maturity.
- ✓Profitability: The business should be profit-making for the last 2 years (audited financials required).
- ✓ITR: Income Tax Returns for the last 2-3 years should be filed.
Types of Small Business Loans
Term Loans
Lump-sum amount for specific purposes like expansion or capital expenditure. Repaid over a fixed tenure (1-10 years).
Working Capital
Short-term funding (Overdraft/Cash Credit) to manage daily operations, inventory, and payroll needs.
MUDRA Loans
Govt. scheme (PMMY) for non-corporate micro units.
Up to ₹10 Lakhs (Collateral Free)
Equipment Finance
Specific loans to purchase machinery or vehicles. The equipment itself often serves as the collateral/security.
Popular Banks: Interest & Eligibility
| Bank | Interest Rate (p.a.)* | Key Features |
|---|---|---|
| SBI (State Bank of India) | ~8.15% - 14.00% (Linked to EBLR) | Offers "SME Collateral Free Loan" under CGTMSE cover. Very competitive rates but stricter documentation. |
| HDFC Bank | ~10.75% - 22.00% | "Business Growth Loan" up to ₹40 Lakhs without collateral/guarantor. Quick disbursal for existing customers. |
| Axis Bank | ~14.00% onwards | Flexible tenure up to 60 months. Zero collateral for loans up to a certain limit (Business Loan). |
| Bajaj Finserv (NBFC) | ~17.00% - 28.00% | Higher interest rates but faster approval (often 24-48 hours). Lenient on credit score compared to big banks. |
*Interest rates are indicative for 2024-25 and depend on credit profile, business vintage, and loan tenure.
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