Business Loan at Lowest Interest Rates 2026
Reviewed by Rushik Patel· Last reviewed: staleBusiness loans provide working capital, equipment finance, or expansion funding for sole proprietors, partnerships, LLPs, and private limited companies. Both collateral-free (unsecured) and secured options are available. Interest rates start at 10% p.a. depending on turnover, vintage, and credit profile. Money Matrix Hub negotiates preferential rates across 40+ lenders — saving your business time and money.
Business Loan Interest Rates — All Banks Compared (April 2026)
Compare business loan rates from 15 leading banks and NBFCs. Rates updated monthly.
| Bank | Rate (p.a.) | Highlights |
|---|---|---|
| SBI | 10.25% – 14.5%Lowest | MSME priority processing |
| PNB | 10.35% – 14.75% | PNB Pragati scheme for MSME |
| HDFC | 10.5% – 15% | Instant approval for existing HDFC customers |
| BoB | 10.5% – 14.75% | Baroda Mudra Loan |
| Canara | 10.5% – 14.5% | MSME priority lending |
| Union | 10.5% – 14.75% | Union MSME scheme |
| ICICI | 11% – 15.5% | InstaBIZ portal for MSMEs |
| IDFC | 11% – 15.5% | Fast digital journey |
| Bajaj | 11% – 15% | Flexi business loan |
| Federal | 11% – 14.5% | MSME focus |
| Tata | 11% – 15.5% | Unsecured business loans |
| Axis | 11.25% – 15.75% | Evolve business loan for SMEs |
| Kotak | 11.5% – 16% | Pre-approved for Kotak CA holders |
| LIC | 11.5% – 15% | Property-backed business loans |
| Bandhan | 12% – 16% | Micro & small enterprise focus |
As of April 2026, business loan interest rates start from 10% per annum and go up to 16% per annum across 15 banks, with loans up to Rs 5 crore and tenure up to 7 years. Actual rate depends on applicant profile, loan amount, and property.
Business Loan Eligibility Criteria
Check if you qualify. These are general guidelines — actual eligibility may vary by bank.
Salaried Applicants
- Age: 21 – 60 years
- Min Income: Rs 30,000/month
- Experience: 2 years
- CIBIL Score: 700+
Self-Employed Applicants
- Age: 21 – 65 years
- Min Income: Rs 5 Lakhs/year turnover
- Business Vintage: 3 years
- CIBIL Score: 680+
How to Get the Best Business Loan — 5 Simple Steps
Money Matrix Hub handles everything from comparison to disbursal.
Share Your Requirements
Tell us your Business Loan needs — amount, tenure preference, and property details. Our advisor will evaluate your profile within 30 minutes.
Compare 40+ Bank Offers
We fetch live rates from all banks and present you a side-by-side comparison showing rate, EMI, processing fee, and total interest payable.
Choose Your Best Offer
Pick the bank that suits you best based on rate, tenure flexibility, and service quality. We explain every term in plain language.
Documentation & Filing
Our team helps you compile the complete document set, fills out the application form, and submits it to the bank — saving you hours of branch visits.
Sanction & Disbursal
We follow up with the bank for swift processing. Expect sanction within 48 hours and disbursal within 7-10 working days. We stay with you until the last rupee is credited.
Frequently Asked Questions — Business Loan
Answers to the most common questions from borrowers across India.
What is the minimum turnover required for a business loan?
Can I get a business loan without collateral?
How fast can I get a business loan sanctioned?
What types of business loans are available?
Are business loan interest payments tax deductible?
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