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Business Loan

Fuel your business growth

Working capital and expansion funding for businesses — manage cash flow, buy inventory or scale up with structured repayment.

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What is Business Loan?

A business loan provides funds for working capital, expansion, equipment or managing cash flow. Eligibility typically considers your business vintage, turnover, banking and GST records, and credit profile. Secured and government-scheme loans usually carry lower rates than unsecured ones.

Who it may suit

  • Self-employed professionals and business owners
  • MSMEs needing working capital or growth funding
  • Businesses with stable turnover and banking history

Documents you'll typically need

  • KYC of proprietor / partners / directors
  • GST returns
  • Business ITR (last 2 years)
  • Bank statements (last 6–12 months)
  • Business registration / proof

Common reasons for delay or rejection

  • Short business vintage or irregular turnover
  • Low credit score (business or personal)
  • Incomplete GST / ITR or banking records
Current Market Rates

Indicative interest rates

Approximate current market ranges as of June 2026. Your actual rate depends on your profile and is decided by the respective bank or NBFC.

Starting from
9.00%
per annum*
Typical market range
9% – 24% p.a.

Secured and MSME loans from public sector banks (SBI, PNB, Bank of Baroda) can start around 9% and are often linked to the RBI repo rate. Unsecured business loans from NBFCs and fintech lenders typically range from 14% to 24%, depending on turnover, vintage and credit profile. Government schemes (MUDRA, CGTMSE) may offer lower rates for eligible MSMEs.

*Indicative current market rates as of June 2026, compiled from publicly available sources. Shah Communication is a financial consultancy — the final interest rate, eligibility and terms are decided solely by the respective bank or NBFC based on your profile.
Good to Know

Charges & eligibility

Actual rates, processing fees and charges vary by lender and are confirmed at the time of application.

📉

Interest Rate

Depends on your credit profile, income and the lender. We help you compare suitable options.

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Processing Fee

A one-time fee charged by the lender to process your application.

✅

Eligibility

Based on income, existing EMIs (FOIR), credit score, age and employment type.

At a Glance

Business Loan details

Rate of InterestCompetitive interest rates
Loan AmountUp to ₹2 Crores
Repayment TenureUp to 20 years
Processing FeeUp to 3.5%* of the loan amount
Minimum Business Vintage3 years
Prepayment ChargesUp to 6%*
Age Required21 to 65 years
Compare Lenders

Compare Business Loan interest rates

Indicative rates, fees and loan limits from leading lenders. Final terms are decided by each bank based on your business profile.

Name of LenderRate of Interest (p.a.)Processing FeeMaximum Loan Limit
Bank of Baroda
As per bank policyAs per bank policy₹2 Crores
HDFC Bank
11.90%* – 21.35%*0.99%* – 2.50%*₹50 Lakhs
Axis Bank
9%* – 18.50%*Up to 2%* + taxes₹50 Lakhs
SBI
Linked to EBLR & MCLR0%* – 1%*₹500 Crores
Kotak Mahindra Bank
Competitive ratesUp to 2%*₹75 Lakhs
ICICI Bank
10%* – 11.10%*Up to 2%* + taxes₹2 Crores
IDFC FIRST Bank
Competitive ratesUp to 3.5%*₹7 Crores
*Rates, fees and limits are indicative and vary by lender and business profile. Logos are trademarks of their respective owners, shown for identification only.
Why Business Loan

Key features of Business Loan

  • 🎯
    Purpose: To meet financial requirements of the business like purchasing machinery, building infrastructure or expanding operations.
  • 💰
    Loan amount: Based on project assessment, promoter profile and projected cash flows.
  • 📉
    Interest: Varies by lender depending on loan amount, project and borrower profile.
  • 🔒
    Security: Depends on loan quantum and business sector — may include hypothecation of stocks/assets or collateral property.
  • 📅
    Repayment: Working capital up to 12 months (renewable annually); term loans from 3 to 20 years.
Choose a Product

Types of Business Loans

💼
Working Capital Finance

Short-term credit for managing daily operations, repayable within 6–12 months.

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Term Loans

Long-term loans for capital investment such as infrastructure or modernization.

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Invoice Financing

Loans against unpaid invoices, offering up to 80%* of invoice value.

⚙️
Equipment Financing

Funding for purchase of business equipment, usually 3–7 years repayment.

🇮🇳
PMMY (Mudra Yojana)

Loans of ₹50,000 – ₹10 lakh for MSMEs and entrepreneurs.

🚀
Stand-up India

Scheme supporting SC/ST and women entrepreneurs to start new ventures.

Am I Eligible

Business Loan eligibility criteria

  • Applicant/promoters should be between 21–70 years of age.
  • Open to proprietorships, partnerships, private limited companies and self-employed professionals.
  • Minimum business vintage of 3 years.
  • Minimum business turnover and annual ITR as per lender policy.
  • Firm/company should be profit-making for at least one year.
Keep Ready

Documents required for Business Loan

📍 Address Proof
  • Aadhaar Card
  • Voter ID
  • Driving Licence
  • Utility Bills
🪪 Photo ID Proof
  • PAN Card
  • Passport
  • Voter ID
  • Driving Licence
🏪 Proof of Business
  • GST Registration
  • Trade Licence
  • Shop Act Registration
  • Drug Licence (if applicable)
🧾 Income Proof
  • Audited Balance Sheet
  • Profit & Loss Account with Auditor's Report
📝 Other Documents
  • Partnership Deed (for firms)
  • MOA, AOA and Board Resolution (for companies)
  • PAN Card of firm/company
  • Vehicle permit (if applicable for commercial use)
FAQ

Business Loan questions

What can a business loan be used for?
Working capital, inventory, equipment, expansion, or managing day-to-day cash flow.
Is collateral needed?
Some business loans are unsecured (usually higher rate); secured or MSME-scheme loans often carry lower rates.
Are there government schemes?
Yes — schemes like MUDRA (PMMY) and CGTMSE can offer concessional rates for eligible MSMEs.
Does Shah Communication lend the money?
No — we help you compare and apply. The lender decides approval, rate and terms.
Ready When You Are

Let's find the right option for you

Check your indicative eligibility, compare suitable options and get expert guidance at every step.

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