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Theo

● Business Loan Expert

💼 Hi! I'm Theo, your business loan expert.

Ask about business loans, Mudra, CGTMSE, working capital, or which lender suits your business profile.

💼 Business Loan — Expert Guidance

Collateral-free loans up to ₹2 Cr under CGTMSE. Government schemes + private lenders compared for you.

9.50%Starting Rate
₹2 CrMax Loan
10 yrsMax Tenure
✅ Collateral-Free up to ₹2 Cr
🏛️ Govt Scheme Access
⚡ 59-Min In-Principle Approval

Compare Business Loan Rates — 2026

Private banks, NBFCs, and fintech lenders compared.

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Business Loan Comparison

LenderInterest RateMax LoanMax TenureBest For
Kotak Mahindra Bank
Lowest Rate		9.50–30.50% p.a. Lowest₹2 Cr10 yrsLarge businesses
HDFC Bank
SME Specialist		10.75% p.a.₹75 L5 yrsSMEs
ICICI Bank
11.00% p.a.₹50 L5 yrsEstablished firms
Flexiloans
Fintech		12.00% p.a.₹50 L3 yrsOnline, fast
Tata Capital
NBFC		12.00% p.a.₹75 L5 yrsEstablished firms
IDFC First Bank
Digital		12.99% p.a.₹50 L5 yrsDigital-first
LendingKart
Fintech		13.50% p.a.₹2 Cr3 yrsMSMEs
Bajaj Finance
NBFC		14–25% p.a.₹45 L5 yrsQuick approval
* 3+ years business vintage typically required. Collateral-free up to ₹2 Cr under CGTMSE. Updated March 2026.

Business Loan EMI Calculator

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💡 Collateral-free up to ₹2 Cr under CGTMSE. 59-min in-principle approval via PSB Loans portal.

About Business Loans

Types of Business Loans

  • Unsecured Term Loan — No collateral, quick disbursal
  • Secured Term Loan — Lower rates, collateral required
  • Working Capital Loan — For day-to-day operations
  • Overdraft Facility — Draw as needed, pay interest only on used amount
  • Equipment Finance — For machinery & equipment purchase
  • Bill Discounting — Against invoices / receivables

Eligibility

Age21 – 65 years
Business Vintage3+ years operating
Annual Turnover₹90K – ₹250 Cr+ (varies)
Credit Score700+

Government Schemes

  • PMMY (Mudra Loan): Shishu (up to ₹50K), Kishore (₹50K–₹5L), Tarun (₹5L–₹10L), Tarun Plus (₹10L–₹20L)
  • PSB 59 Minutes: In-principle approval in 59 mins, up to ₹5 Cr
  • CGTMSE: Collateral-free loans up to ₹2 Cr
  • Stand-Up India: ₹10L–₹1 Cr for SC/ST/Women entrepreneurs
  • PMEGP: 15–35% subsidy for new enterprises

Documents Required

  • PAN Card (business + personal) & Aadhaar
  • GST registration / MSME Udyam certificate
  • 2 years ITR with P&L and balance sheet
  • 6 months bank statements
  • Business vintage proof

Frequently Asked Questions

Yes! Under the CGTMSE scheme, you can get collateral-free business loans up to ₹2 Cr. Fintech lenders like Flexiloans and LendingKart also offer unsecured business loans based on your GST and bank statement data.
Pradhan Mantri Mudra Yojana (PMMY) provides collateral-free loans to micro and small businesses: Shishu (up to ₹50K), Kishore (₹50K–₹5L), Tarun (₹5L–₹10L), and Tarun Plus (₹10L–₹20L). Apply at any nationalized bank or through mudra.org.in. Our experts can help with the application.
Through the PSB 59 Minutes portal, you can get in-principle approval within 59 minutes for loans up to ₹5 Cr. Fintech lenders like Flexiloans and LendingKart can disburse within 24–72 hours. Traditional bank processing takes 7–15 days.
Most banks require 3+ years of business vintage. However, some NBFCs and fintechs consider businesses as young as 1 year. Under PMMY Mudra, even newer businesses can apply. The key is demonstrating consistent revenue through bank statements.

Fuel Your Business Growth Today

Expert guidance on business loans, government schemes & working capital solutions

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Theo

Your AI Financial Expert

👋 Hi! I'm Theo, your AI financial expert. What are you looking for today?