Compare Business Loan rates in Bhavnagar, 2026.
Reviewed by Rushik Patel· Last reviewed:
Bhavnagar, the cultural capital of Saurashtra, is gaining real estate momentum from the Bhavnagar Port and the upcoming CNG terminal. Waghawadi Road and Subhash Nagar are the prestigious residential addresses for the diamond and shipping industries.
Published business loan rate information for Bhavnagar, Gujarat starts from 10.25% per annum (rates as of September 2026). Loan amount, tenure, eligibility, pricing and approval depend on lender policy and applicant details.
Compare Business Loan options in Bhavnagar
Review the available rate information for Bhavnagar; lender pricing and eligibility vary by applicant and property.
Published/Indicative Rates
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Areas in Bhavnagar
Localities in our Bhavnagar reference data include Subhash Nagar, Waghawadi Road, Atabhai Chowk, Kaliyabid.
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Lender Processing Timeline
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Business Loan Rates in Bhavnagar — Published/Indicative Comparison
Rates as of September 2026. Figures are published or indicative and can change; confirm current terms with the lender.
| Bank | Rate (p.a.) | Key Feature |
|---|---|---|
| SBI | 10.25% – 14.5%Lowest shown | MSME priority processing |
| PNB | 10.35% – 14.75% | PNB Pragati scheme for MSME |
| BoB | 10.5% – 14.75% | Baroda Mudra Loan |
| Canara | 10.5% – 14.5% | MSME priority lending |
| Union | 10.5% – 14.75% | Union MSME scheme |
| HDFC | 10.75% – 22.5% | Pre-approved offers for existing HDFC customers |
| ICICI | 11% – 15.5% | InstaBIZ portal for MSMEs |
| 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 |
| IDFC | 12.99% – 15.5% | Fast digital journey |
| Bajaj | 14% – 23% | Flexi business loan |
Updated September 2026: published business loan rate entries for Bhavnagar are shown from 10.25% per annum. Actual rate, eligibility and approval depend on lender policy, applicant profile, loan amount and property location.
Business Loan Eligibility in Bhavnagar
General eligibility criteria for business loan applicants in Bhavnagar, Gujarat.
Salaried Applicants
- Age: 21 – 60 years
- Min Income: Rs 30,000/month
- Work Experience: 2 years
- CIBIL Score: 700+
- Property in Bhavnagar or Gujarat
Self-Employed Applicants
- Age: 21 – 65 years
- Min Income: Rs 5 Lakhs/year turnover
- Business Vintage: 3 years
- CIBIL Score: 680+
- Business registered in India
How a Business Loan application may progress in Bhavnagar
Typical steps run from application to disbursal; lender approval and disbursal decisions remain with the lender.
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Documentation & Filing
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Lender Sanction & Disbursal
Sanction and disbursal timing in Bhavnagar are controlled by the lender and may vary with underwriting, property checks, and documentation. Confirm current lender timelines and disbursal conditions.
Documents Required for Business Loan in Bhavnagar
Keep these documents ready to speed up your business loan application in Bhavnagar.
For Salaried Applicants
- 1PAN Card & Aadhaar Card
- 2Last 6 months salary slips
- 3Last 2 years Form 16 / ITR
- 4Last 6 months bank statements
- 5Business plan / purpose of loan letter
- 6Passport-size photographs
For Self-Employed Applicants
- 1PAN Card & Aadhaar Card
- 2Last 3 years ITR with computation
- 3Last 3 years audited financials
- 4Last 12 months bank statements
- 5GST returns (last 12 months)
- 6Business registration documents
- 7KYC of all directors / partners
Business Loan in Bhavnagar — Frequently Asked Questions
Common questions about business loan in Bhavnagar, Gujarat.
What are the current Business Loan rates in Bhavnagar in 2026?
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Other Loan Products in Bhavnagar
Explore more loan options available in Bhavnagar through Money Matrix Hub.
Areas listed for Business Loan in Bhavnagar
Localities included in the Bhavnagar reference data.
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