Business Loan in Bangalore - Apply Online @11.69%
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Business Loan in Bangalore Details
Business Loan in Bangalore
Bangalore is not just a town of IT hub but also is a center for lot of business or commercial activities. This busy city is considered as a safe place in India for women and kids. Thus many would like to settle in Bangalore by either working in an IT company or starting some business on their own. Though there is lots of transformation seen in the city, there is no doubt that it is growing for the better.
How Finance Buddha can help you get a Business Loan in Bangalore?
Finance Buddha is a free platform where in every person can check all details related to business loan in Bangalore. These information can be made use to ascertain whether you are eligible for a business loan or not and can accordingly apply to the bank through this website. If you are looking for easy ways to get the loan approved, then the smart route is Finance Buddha.
Business Loan Eligibility Criteria in Bangalore
Though every bank has specific eligibility criteria, the below listed is the basic eligibility criteria applicable to all banks.
- Turnover product, where an industry margin of up to 15% is applied on the turnover to estimate the income of the borrowers
- DSCR product where eligibility is estimated using the debt repayment capacity of the borrower
- Other Surrogate income products for loan amount of less than Rs 10 lakh.
Business Loan Interest Rates, Fees & Charges in Bangalore
If you are looking to take a business loan in Bangalore, then it is time to compare the interest rates and other charges as early possible.
Best Business Loans from Top Banks / NBFCs in Bangalore
Business Loans Interest Rate Comparison of Top Banks / NBFCs in Bangalore (updated 06 Nov,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 |
| SMFG India Credit | 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 |
Best Business Loans from Top Banks / NBFCs in Bangalore
Business Loans Interest Rate Comparison of Top Banks / NBFCs in Bangalore (updated 06 Nov,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 |
| SMFG India Credit | 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 Loan Documents Required in Bangalore
Apart from bank specific documents, some of the very commonly requested documents for business loan approval in Bangalore are:
- Signed Application Form
- Identity Proof (PAN)
- Residential Address Proof
- Last 3 years ITR (self and business), profit and loss account, balance sheets certified/audited by a CA.
- Last 12 months bank account statement (self and business)
- Certificate and Proof of Business Existence
- Business Profile
- Office address - ownership/ lease / rent agreement / utility bill
Business Loan in Bangalore ReviewsView All
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Kalidass Paniya
5 / 5
I am 100% satisfied with the service offered by both HDFC and Finbud. The process went well and everything was on time.
Jaipal Rana
5 / 5
Easy process and user-friendly portal. got a loan of ?100000 from here. I will suggest to others also who are new to the business and struggling to arrange funds, Finance Buddha is the right place for you.
Kailash Pandey
5 / 5
My friend suggested me to take a business loan from Finance Buddha for my business as i was facing some financial issue. I applied online through their website. the process was simple and i got approved for it. the loan was sanctioned in just 18 working days.
Arulraj Bhusaheb
5 / 5
Great service provided by HDFC. I have my Business loan with them. Processing was smooth nad rate and charges were nominal. I got it approved within 15 days.
Umang Parmar
5 / 5
My business loan amount was for Rs 15 lacs and it got approved on a nominal interest rate for a tenure period of 7 years. My loan is with ICICI and they handled it well.
Kumar Shiva
4 / 5
My experience with Standard Chartered Bank for a Business loan was good. The process was completed smoothly and i received my loan amount on in just 18 days. Customer service is quite appreciable as their response was on time.
Dikshant
4 / 5
I have a business loan from Bajaj Finserv. The loan was disbursed within fifteen working days. The interest rate offered was 17% with 2% of the processing fee and GST was also included. The preclosure charges are high with Bajaj.
Nirmal Panday
5 / 5
ICICI approved my business loan at the quite nominal interest rate. happy that they approved my loan application.
Prashant
5 / 5
PNB Business Loan Availed in March 2019. Fast processing of loan on low-interest rate is the biggest benefit of having your business loan with HDFC. I am satisfied with the process, I needed a business loan on an urgent basis and thankfully I got it after applying from here.
Suman Gokul
4 / 5
I am happy with my business loan with capital first but my only concern over here is the interest rate on which my loan is approved. the rate is a bit high and other than that everything is fine only.
Kalidass Paniya
5 / 5
I am 100% satisfied with the service offered by both HDFC and Finbud. The process went well and everything was on time.
Jaipal Rana
5 / 5
Easy process and user-friendly portal. got a loan of ?100000 from here. I will suggest to others also who are new to the business and struggling to arrange funds, Finance Buddha is the right place for you.
Kailash Pandey
5 / 5
My friend suggested me to take a business loan from Finance Buddha for my business as i was facing some financial issue. I applied online through their website. the process was simple and i got approved for it. the loan was sanctioned in just 18 working days.
Arulraj Bhusaheb
5 / 5
Great service provided by HDFC. I have my Business loan with them. Processing was smooth nad rate and charges were nominal. I got it approved within 15 days.
Umang Parmar
5 / 5
My business loan amount was for Rs 15 lacs and it got approved on a nominal interest rate for a tenure period of 7 years. My loan is with ICICI and they handled it well.
Kumar Shiva
4 / 5
My experience with Standard Chartered Bank for a Business loan was good. The process was completed smoothly and i received my loan amount on in just 18 days. Customer service is quite appreciable as their response was on time.
Dikshant
4 / 5
I have a business loan from Bajaj Finserv. The loan was disbursed within fifteen working days. The interest rate offered was 17% with 2% of the processing fee and GST was also included. The preclosure charges are high with Bajaj.
Nirmal Panday
5 / 5
ICICI approved my business loan at the quite nominal interest rate. happy that they approved my loan application.
Prashant
5 / 5
PNB Business Loan Availed in March 2019. Fast processing of loan on low-interest rate is the biggest benefit of having your business loan with HDFC. I am satisfied with the process, I needed a business loan on an urgent basis and thankfully I got it after applying from here.
Suman Gokul
4 / 5
I am happy with my business loan with capital first but my only concern over here is the interest rate on which my loan is approved. the rate is a bit high and other than that everything is fine only.
Kalidass Paniya
5 / 5
I am 100% satisfied with the service offered by both HDFC and Finbud. The process went well and everything was on time.
Jaipal Rana
5 / 5
Easy process and user-friendly portal. got a loan of ?100000 from here. I will suggest to others also who are new to the business and struggling to arrange funds, Finance Buddha is the right place for you.
Kailash Pandey
5 / 5
My friend suggested me to take a business loan from Finance Buddha for my business as i was facing some financial issue. I applied online through their website. the process was simple and i got approved for it. the loan was sanctioned in just 18 working days.
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