Try Applying for a higher Loan Amount as most bank reduce interest rates as loan amount increases
Try Adding the income of a co-applicant like a working spouse
Financebuddha can help you consolidate all your loans into one to increase your eligibility
There is no doubt that Ahmedabad has always been a hotbed for commercial activities and business. With this in mind many are looking for ways to improve the have a business or expand their business in this location. Though most business minded people are very keen and willing to take the initiative, it gets blocked when financing factors become a question. Yes, it’s true that there are many banks which are ready to give business loans but finding a right one that suits your need is always a problem. In order to find a solution to this problem, Finance Buddha has come into place. Here everyone can check for the loans and offers provided by banks. Can compare and pick the best bank that suits your loan requirements.
Finance Buddha is more like a one stop solution for all loan requirements. This website is crafted to offer information of business loans and other types of loans for free of cost. Every applicant can make use of the comparison table to pick the bank that offers low interest rates and great benefits. At the end of the day, when it comes to business, everyone will be keen to save every penny that is spent on interest rates and other charges.
Unless the applicant meets the below eligibility criteria it is not possible to get a loan approved from any bank in Ahmedabad. But, to a certain extent the bank branch manager can make decision:
Interest rates and charges vary from bank to bank. Here is the list of interest rates and charges for different banks of Ahmedabad for business loan.
Business Loans Interest Rate Comparison of Top Banks / NBFCs in Ahmedabad (updated 09 Jun,2023)
Bank/NBFC | Institution Type | Minimum Loan Amount | Maximum Loan Amount | Minimum Tenure | Maximum Tenure | Interest Rates | Fees & Charges |
Axis Bank | Bank | ₹50,000 | ₹50,00,000 | 1 Year | 15 Years | Custom | Up to 2% + GST as applicable |
Aditya Birla Finance Ltd. | NBFC | ₹50,000 | ₹15,00,000 | 1 Year | 3 Years | 16.85% - 17.85% | Up to 2% + GST as applicable |
Arohan Financial Services Ltd. | NBFC | ₹5,00,000 | ₹75,00,000 | 9 Months | 2 Years | 20.70% - 26.99% | 1% + GST as applicable |
Bajaj Finserv | NBFC | ₹1,00,000 | ₹30,00,000 | 1 Month | 8 Years | 18% - 40% | Up to 3% + GST as applicable |
Capital First | NBFC | ₹10,00,000 | ₹75,00,000 | 1 Year | 5 Years | 16.00% - 24.00% | Up to 2% + GST as applicable |
Clix Capital Services Pvt. Ltd. | NBFC | ₹10,00,000 | ₹50,00,000 | 1 Year | 3 Years | 12% - 15% | Up to 2% + GST as applicable |
Deutsche Bank | Bank | ₹10,00,000 | ₹50,00,000 | 2 Year | 4 Years | 24% | Up to 3% + GST as applicable |
Edelweiss Financial Services Ltd. | NBFC | ₹3,50,000 | ₹25,00,00,000 | 4 Years | 10 Years | 20.50% | 2% - 3.5% + GST as applicable |
Equitas Small Finance Bank | Bank | ₹5,00,000 | ₹75,00,000 | 1 Year | 5 Years | 18% | 2% + GST as applicable |
Fortune Financial Services - Kapital Tech | NBFC | ₹2,00,000 | ₹150,00,000 | 3 Months | 2 Years | 15% - 24% | 1.5% - 2% + GST as applicable |
Fullerton | NBFC | ₹10,00,000 | ₹50,00,000 | 1 Year | 4 Years | 13% - 16% | Up to 6.5% + GST as applicable |
HDB Financial Services Ltd. | Bank | ₹1,00,000 | ₹30,00,000 | 1 Year | 5 Years | 12% - 36% | 2% + GST as applicable |
HDFC Bank | Bank | ₹50,000 | ₹50,00,000 | 1 Year | 4 Years | 15.65% to 21.20% | Up to 2.50% + GST as applicable |
ICICI Bank | Bank | ₹1,00,000 | ₹10,00,00,000 | 1 Year | 5 Years | 12.9% - 16.65% | Up to 2% + GST as applicable |
IDFC Bank | Bank | ₹1,00,000 | ₹40,00,000 | 1 Year | 5 Years | 11.69% - 15% | 1.5% + GST as applicable |
India Infoline | NBFC | ₹1,00,000 | ₹50,00,000 | 1 Year | 5 Years | 18% - 25% | Upto 3% + GST as applicable |
IndusInd Bank | Bank | ₹1,00,000 | ₹15,00,000 | 1 Year | 5 Years | 10.6% -18% | 0.5% + GST as applicable |
Kotak Mahindra Bank | Bank | ₹3,00,000 | ₹2,00,00,000 | 1 Year | 3 Years | 16.00 % to 19.99% | Up to 3% + GST as applicable |
Lendingkart Finance Ltd. | NBFC | ₹50,000 | ₹100,00,000 | 1 Month | 1 Year | 18% - 27%* | 2% + GST as applicable |
Magma FinCorp Ltd. | NBFC | ₹3,00,000 | ₹2,00,00,000 | 1 Year | 4 Years | 17% - 21% | 2% + GST as applicable |
Neo Growth | NBFC | ₹2,00,000 | ₹75,00,000 | 6 Months | 2 Years | 12% - 36% | 2% + GST as applicable |
RBL Bank Ltd. | Bank | ₹10,00,000 | ₹35,00,000 | 1 Year | 3 Years | 16.00% - 27.00% | 2% + GST as applicable |
Standard Chartered Bank | Bank | ₹10,00,000 | ₹75,00,000 | 1 Year | 5 Years | 13.5% - 20% | Up to 2% + GST as applicable |
Tribe Tech Private Limited | NBFC | ₹1,00,000 | ₹20,00,000 | 1 Year | 3 Years | 12% - 36% | 2% + GST as applicable |
Yes Bank | Bank | ₹20,00,000 | ₹400,00,000 | 1 Year | 5 Years | 13.25% - 19.99% | Up to 2.5% + GST as applicable |
Business Loans Interest Rate Comparison of Top Banks / NBFCs in Ahmedabad (updated 09 Jun,2023)
Bank/NBFC | Institution Type | Minimum Loan Amount | Maximum Loan Amount | Minimum Tenure | Maximum Tenure | Interest Rates | Fees & Charges |
Axis Bank | Bank | ₹50,000 | ₹50,00,000 | 1 Year | 15 Years | Custom | Up to 2% + GST as applicable |
Aditya Birla Finance Ltd. | NBFC | ₹50,000 | ₹15,00,000 | 1 Year | 3 Years | 16.85% - 17.85% | Up to 2% + GST as applicable |
Arohan Financial Services Ltd. | NBFC | ₹5,00,000 | ₹75,00,000 | 9 Months | 2 Years | 20.70% - 26.99% | 1% + GST as applicable |
Bajaj Finserv | NBFC | ₹1,00,000 | ₹30,00,000 | 1 Month | 8 Years | 18% - 40% | Up to 3% + GST as applicable |
Capital First | NBFC | ₹10,00,000 | ₹75,00,000 | 1 Year | 5 Years | 16.00% - 24.00% | Up to 2% + GST as applicable |
Clix Capital Services Pvt. Ltd. | NBFC | ₹10,00,000 | ₹50,00,000 | 1 Year | 3 Years | 12% - 15% | Up to 2% + GST as applicable |
Deutsche Bank | Bank | ₹10,00,000 | ₹50,00,000 | 2 Year | 4 Years | 24% | Up to 3% + GST as applicable |
Edelweiss Financial Services Ltd. | NBFC | ₹3,50,000 | ₹25,00,00,000 | 4 Years | 10 Years | 20.50% | 2% - 3.5% + GST as applicable |
Equitas Small Finance Bank | Bank | ₹5,00,000 | ₹75,00,000 | 1 Year | 5 Years | 18% | 2% + GST as applicable |
Fortune Financial Services - Kapital Tech | NBFC | ₹2,00,000 | ₹150,00,000 | 3 Months | 2 Years | 15% - 24% | 1.5% - 2% + GST as applicable |
Fullerton | NBFC | ₹10,00,000 | ₹50,00,000 | 1 Year | 4 Years | 13% - 16% | Up to 6.5% + GST as applicable |
HDB Financial Services Ltd. | Bank | ₹1,00,000 | ₹30,00,000 | 1 Year | 5 Years | 12% - 36% | 2% + GST as applicable |
HDFC Bank | Bank | ₹50,000 | ₹50,00,000 | 1 Year | 4 Years | 15.65% to 21.20% | Up to 2.50% + GST as applicable |
ICICI Bank | Bank | ₹1,00,000 | ₹10,00,00,000 | 1 Year | 5 Years | 12.9% - 16.65% | Up to 2% + GST as applicable |
IDFC Bank | Bank | ₹1,00,000 | ₹40,00,000 | 1 Year | 5 Years | 11.69% - 15% | 1.5% + GST as applicable |
India Infoline | NBFC | ₹1,00,000 | ₹50,00,000 | 1 Year | 5 Years | 18% - 25% | Upto 3% + GST as applicable |
IndusInd Bank | Bank | ₹1,00,000 | ₹15,00,000 | 1 Year | 5 Years | 10.6% -18% | 0.5% + GST as applicable |
Kotak Mahindra Bank | Bank | ₹3,00,000 | ₹2,00,00,000 | 1 Year | 3 Years | 16.00 % to 19.99% | Up to 3% + GST as applicable |
Lendingkart Finance Ltd. | NBFC | ₹50,000 | ₹100,00,000 | 1 Month | 1 Year | 18% - 27%* | 2% + GST as applicable |
Magma FinCorp Ltd. | NBFC | ₹3,00,000 | ₹2,00,00,000 | 1 Year | 4 Years | 17% - 21% | 2% + GST as applicable |
Neo Growth | NBFC | ₹2,00,000 | ₹75,00,000 | 6 Months | 2 Years | 12% - 36% | 2% + GST as applicable |
RBL Bank Ltd. | Bank | ₹10,00,000 | ₹35,00,000 | 1 Year | 3 Years | 16.00% - 27.00% | 2% + GST as applicable |
Standard Chartered Bank | Bank | ₹10,00,000 | ₹75,00,000 | 1 Year | 5 Years | 13.5% - 20% | Up to 2% + GST as applicable |
Tribe Tech Private Limited | NBFC | ₹1,00,000 | ₹20,00,000 | 1 Year | 3 Years | 12% - 36% | 2% + GST as applicable |
Yes Bank | Bank | ₹20,00,000 | ₹400,00,000 | 1 Year | 5 Years | 13.25% - 19.99% | Up to 2.5% + GST as applicable |
Below listed is the basic documentation necessary before applying for a business loan in Ahmedabad.
Documents |
Professional |
Businessman |
Application form |
Yes |
Yes |
1 Photograph of Co-Applicant |
Yes |
Yes |
Income Details of Applicant |
IT Returns, Balance Sheet & P/L Account statement for the last 2 years with Annexure |
IT Returns, Balance Sheet & P/L Account statement for the last 2 years with Annexure |
Bank Account Statements |
For last 3 months |
For last 3 months |
KYC documents of Co-applicant |
Yes |
Yes |
Business Proof |
Certificate of Practice |
MOA, AOA/ Partnership Deed/ Shop Act License |
Some of the very common list of documents for a business loan approval is:
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