Compare Business Loan rates in Ludhiana, 2026.
Reviewed by Rushik Patel· Last reviewed:
Ludhiana, Punjab's largest city and the manufacturing capital of North India, has a robust real estate market driven by hosiery, auto-parts, and machine-tool industries. Pakhowal Road and Sarabha Nagar are the premier residential addresses.
Published/indicative business loan rate information for Ludhiana, Punjab starts from 10% per annum in 2026. Loan amount, tenure, eligibility, pricing and approval depend on lender policy and applicant details.
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Review the available rate information for Ludhiana; lender pricing and eligibility vary by applicant and property.
Published/Indicative Rates
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Ludhiana Local Expertise
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Business Loan Rates in Ludhiana — Published/Indicative Comparison
Updated April 2026. Figures are published/indicative and may change; verify current lender terms.
| 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 |
| 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 |
Updated April 2026: published/indicative business loan rate entries for Ludhiana 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 Ludhiana
General eligibility criteria for business loan applicants in Ludhiana, Punjab.
Salaried Applicants
- Age: 21 – 60 years
- Min Income: Rs 30,000/month
- Work Experience: 2 years
- CIBIL Score: 700+
- Property in Ludhiana or Punjab
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 Ludhiana
Typical steps run from application to disbursal; lender approval and disbursal decisions remain with the lender.
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Documentation & Filing
Use the lender's current checklist to compile documents in Ludhiana. Submit the application through the channel the lender confirms and retain copies of everything provided.
Lender Sanction & Disbursal
Sanction and disbursal timing in Ludhiana 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 Ludhiana
Keep these documents ready to speed up your business loan application in Ludhiana.
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 Ludhiana — Frequently Asked Questions
Common questions about business loan in Ludhiana, Punjab.
What are the current Business Loan rates in Ludhiana in 2026?
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How much Business Loan can I get in Ludhiana?
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Other Loan Products in Ludhiana
Explore more loan options available in Ludhiana through Money Matrix Hub.
Areas listed for Business Loan in Ludhiana
Localities included in the Ludhiana reference data.
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