Business Loan
Term loans and working capital for businesses. Compare published rates, eligibility and documents from SBI Bank, HDFC Bank, ICICI Bank, Aditya Birla Capital (ABFL), SG Finserve (SGFL).
- Interest from
- 12.75%*
- Loans from
- ₹1L
- Tenure up to
- 7 yrs
Compare lenders
Business Loan from India’s leading lenders
Published rates and limits. The bank decides the final rate, amount and fees for each customer.
SBI Bank
Public sector bank
- Interest
- As per SBI rating (EBLR-linked)
- Amount
- Above ₹10 lakh – ₹50 lakh (SME Smart Score)
- Tenure
- Term loan up to 7 years, including a moratorium of up to 6 months
- Processing fee
- Negotiable
- For any business need, including buying fixed assets
- Term loan, drop-line overdraft or cash credit
- Covered under CGTMSE: no collateral
- Margin: 20% (working capital), 33% (term loan)
HDFC Bank
Private sector bank
- Interest
- 12.75% p.a. onwards
- Amount
- Up to ₹1 crore
- Tenure
- Generally 12 – 48 months
- Processing fee
- Negotiable
- Collateral-free loan up to ₹1 crore
- Dropline overdraft from ₹1 lakh to ₹25 lakh, with no guarantor or security
- Balance transfer with tenure up to 48 months
ICICI Bank
Private sector bank
- Interest
- As per ICICI Bank sanction
- Amount
- Up to ₹75 crore (secured); collateral-free overdraft up to ₹50 lakh
- Tenure
- As per the facility sanctioned
- Processing fee
- Negotiable
- Working capital and term loans up to ₹75 crore
- GST Business Loan based on GST returns
- Instant Overdraft: collateral-free, up to ₹50 lakh, based on banking transactions and credit score
- Government-supported schemes for MSMEs: Stand Up India, Agri Infrastructure Fund, CGTMSE
Partner commission
Variable payout, as agreed with each bank or NBFC
Source: ICICI Bank Business LoansAditya Birla Capital (ABFL)
NBFC · Aditya Birla Group
- Interest
- 14% p.a. onwards
- Amount
- ₹2 lakh – ₹2 crore (unsecured); up to ₹25 crore (secured)
- Tenure
- Unsecured 12 – 84 months; secured up to 12 years
- Processing fee
- Negotiable
- No collateral for unsecured loans
- Simple online application, minimal paperwork
- Flexible tenure and repayment
SG Finserve (SGFL)
NBFC · APL Apollo Group
- Interest
- As per SGFL sanction
- Amount
- As per SG Finserve’s credit policy (not published online)
- Tenure
- As per sanction
- Processing fee
- Negotiable
- Collateral-backed term loans against property, for operations or any business purpose
- Collateral-free term loans for SMEs/MSMEs: expansion and working capital
- Listed NBFC of the APL Apollo Group
*Rates as published on the lenders’ websites on 24 Oct 2026; subject to change. Approval, rate and fees are at the lender’s sole discretion.
Highlights
- Business loans from SBI Bank (SME Smart Score), HDFC Bank (12.75%* p.a. onwards), ICICI Bank, Aditya Birla Capital (ABFL, 14%* onwards) and SG Finserve (SGFL)
- Collateral-free loans up to ₹1 crore (HDFC Bank) and ₹2 crore (ABFL)
- Secured facilities up to ₹75 crore (ICICI Bank) and ₹25 crore (ABFL)
- SBI Bank SME Smart Score: above ₹10 lakh up to ₹50 lakh for MSMEs, covered under CGTMSE
- Term loans, overdrafts and working capital
Who can apply
- Proprietorships, partnerships and companies (MSMEs and SMEs)
- HDFC Bank: 3 years in the current business (5 years total), turnover ₹40 lakh+, profitable for 2 years, ITR ₹3 lakh+; age 21 to 65 at maturity
- ABFL: 2 years in business, turnover ₹1 crore+, credit score 650+ (685+ preferred); age 25–65
- SBI Bank SME Smart Score: MSME units with Udyam registration; promoter age 18–65
Documents
KYC
- PAN card
- Aadhaar card
- KYC of all partners or directors
Business
- GST certificate, Udyam certificate or Shop Act licence
- Partnership deed / company PAN (if applicable)
Financials
- ITR and audited financials (last 1–2 years)
- Business bank statements (last 6–12 months)
Note
- The lender decides the final document list for each customer
For partners
How you earn with this product
- 1
Refer a customer who needs a business loan, in under 2 minutes
- 2
The bank or NBFC checks the customer and decides the loan
- 3
Commission is variable: it depends on the lender and the product, and is credited to your wallet when the loan is disbursed
- 4
Withdraw to your bank account anytime (min ₹100)
Selling tips
- • Shop owners, traders, manufacturers and service businesses with GST or Udyam registration are ideal customers.
- • Ask for the last 2 years of ITR and 6–12 months of bank statements first: they decide the amount.
- • MSMEs can get collateral-free funding under CGTMSE (SBI Bank SME Smart Score).
- • A business that owns property can borrow more at lower rates through a Loan Against Property.
EMI calculator
Monthly EMI
₹37,480
- Principal
- ₹20,00,000
- Total interest
- ₹11,48,322
- Total payable
- ₹31,48,322
Indicative only. The bank decides the final rate and EMI.