What is the maximum business loan amount available?

Business loans range from ₹1 lakh to ₹5 crores depending on your business turnover, profitability, and collateral offered. Secured loans typically offer higher amounts than unsecured loans.

Can I get a business loan without collateral?

Yes, unsecured business loans are available up to ₹75 lakhs based on your business profile and creditworthiness. These loans have slightly higher interest rates but require no property or asset as security.

What are the interest rates for business loans?

Business loan interest rates typically range from 11.5% to 24% p.a. depending on your business profile, loan type, and whether it's secured or unsecured. Government schemes like Mudra and CGTMSE offer lower rates.

How long does business loan approval take?

With complete documentation, approval typically takes 48-72 hours. Disbursement happens within 3-7 days after approval, depending on the lender and loan amount.

Is GST registration mandatory for a business loan?

GST registration is preferred but not always mandatory. Some lenders offer loans to non-GST registered businesses, especially for smaller amounts. Udyam registration can be helpful for MSME loans.

Business Loan in India - Working Capital & MSME Loans | PaisaWay

Interest Rate

From 11.5%

Loan Amount

Up to ₹5 Cr

Tenure

Up to 7 years

Showing 6 loan offers

State Bank of India

4.2(12,500 reviews)

Interest Rate

10.5% - 14%

Loan Amount

₹1L - ₹20.0Cr

Tenure

12 - 84 months

Processing Fee

0.5% + GST

Lowest ratesGovt. schemesMUDRA loansCGTMSE coverage

7-10 days

HDFC Bank

Best Rate

4.5(8,500 reviews)

Interest Rate

11.5% - 18%

Loan Amount

₹5L - ₹5.0Cr

Tenure

12 - 60 months

Processing Fee

Up to 2%

Collateral-free up to ₹50LOverdraft facilityGST-based lendingQuick approval

3-5 days

ICICI Bank

Fastest Approval

4.4(7,200 reviews)

Interest Rate

12% - 19%

Loan Amount

₹3L - ₹7.5Cr

Tenure

12 - 84 months

Processing Fee

Up to 2.5%

Digital applicationFlexible repaymentTop-up availableMSME focused

48 hours

Tata Capital

4.3(4,200 reviews)

Interest Rate

12% - 24%

Loan Amount

₹3L - ₹10.0Cr

Tenure

12 - 84 months

Processing Fee

Up to 2%

Large loan amountsCompetitive ratesWorking capitalEquipment financing

3-7 days

Bajaj Finserv

Lendingkart

4.2(5,600 reviews)

Interest Rate

15% - 27%

Loan Amount

₹50K - ₹2.0Cr

Tenure

6 - 36 months

Processing Fee

2-3%

100% onlineMSME loansNo collateralBank statement based

24 hours

Types of Business Loans

Choose the right financing for your business needs

Working Capital Loan

Manage day-to-day operational expenses and cash flow

Term Loan

Long-term financing for expansion and capital expenditure

Line of Credit

Flexible credit access when you need it

Invoice Financing

Get funds against your pending invoices

Why Choose PaisaWay for Business Loans?

Empowering businesses across India

Best Rates

Interest rates starting from 11.5% p.a.

Quick Approval

Get approval within 48-72 hours

No Collateral

Unsecured loans up to ₹75 lakhs

50,000+ Businesses

Trusted by businesses across India

Frequently Asked Questions

Common questions about business loans

Fuel Your Business Growth

State Bank of India

HDFC Bank

ICICI Bank

Tata Capital

Bajaj Finserv

Lendingkart

Types of Business Loans

Working Capital Loan

Term Loan

Line of Credit

Invoice Financing

Why Choose PaisaWay for Business Loans?

Best Rates

Quick Approval

No Collateral

50,000+ Businesses

Frequently Asked Questions

Ready to Grow Your Business?

Fuel Your Business Growth

State Bank of India

HDFC Bank

ICICI Bank

Tata Capital

Bajaj Finserv

Lendingkart

Types of Business Loans

Working Capital Loan

Term Loan

Line of Credit

Invoice Financing

Why Choose PaisaWay for Business Loans?

Best Rates

Quick Approval

No Collateral

50,000+ Businesses

Frequently Asked Questions

Ready to Grow Your Business?