Home/Business Loans & MSME Loans

Business Loans & MSME Loans

Collateral-Free Loans Up to ₹2 Crore — Grow Your Business

General Banking Guidance— category overview. Certified product facts appear in each product card below.
59 products· 19 banks
Data verified from: Official bank websites — verified April 2026

Products

59 products across 19 banks

Canara Bank

Canara MSME Smart Score

MSME Smart Score

Business Loan

Interest Rate

10.50% – 18% p.a.

Interest Type

floating

Processing Fee

0.50% of limit

Loan Amount

from ₹1,00,000

State Bank of India

SBI Unsecured Business Loan

Unsecured

Business Loan

Interest Rate

9.75% – 24% p.a.

Interest Type

floating

Processing Fee

1%-2%

Loan Amount

from ₹1,00,000 | up to ₹50,00,000

Ujjivan Small Finance Bank

Ujjivan Micro Business Loan

Micro Business

Business Loan

Interest Rate

9.25% – 24% p.a.

Interest Type

flat rate

Processing Fee

Up to 1%-2% + GST

Loan Amount

from ₹10,000 | up to ₹5,00,000

Jana Small Finance Bank

Jana Micro Business Loan

Micro Business

Business Loan

Interest Rate

11% – 26% p.a.

Interest Type

flat rate

Processing Fee

1.5%-2.5%

Loan Amount

from ₹10,000 | up to ₹50,00,000

State Bank of India

SBI e-Smart SME Loan

e-Smart SME

Business Loan

Interest Rate

9.75% – 24% p.a.

Interest Type

floating

Processing Fee

1%-2%

Loan Amount

from ₹1,00,000 | up to ₹1,00,00,000

Kotak Mahindra Bank

Kotak Business Loan

Term Loan

Business Loan

Interest Rate

11% – 24% p.a.

Interest Type

floating

Processing Fee

1%-2%

Loan Amount

from ₹1,00,000 | up to ₹75,00,000

Kotak Mahindra Bank

Business Loan

Business Loan

Interest Rate

11% – 24% p.a.

Interest Type

floating

Processing Fee

1%-2%

Loan Amount

from ₹1,00,000 | up to ₹75,00,000

Ujjivan Small Finance Bank

Ujjivan Agriculture Loan

Agriculture & Livestock

Business Loan

Interest Rate

9.25% – 24.80% p.a.

Interest Type

floating

Processing Fee

Up to 1%-2% + GST

Loan Amount

from ₹1,00,000 | up to ₹3,00,000

ICICI Bank

ICICI Bank Unsecured SME Business Loan

Unsecured SME

Business Loan

Interest Rate

11% – 24% p.a.

Processing Fee

2% of loan amount + GST

Loan Amount

from ₹1,00,000 | up to ₹10,00,00,000

Min Turnover

₹25,00,000 p.a.

Kotak Mahindra Bank

Kotak Mahindra Bank Business Loan

Unsecured Business Loan

Business Loan

Interest Rate

11% – 20% p.a.

Interest Type

fixed

Processing Fee

1%-2%

Loan Amount

from ₹1,00,000 | up to ₹75,00,000

ICICI Bank

ICICI Business Loan

Secured Business Loan

Business Loan

Interest Rate

11% – 18% p.a.

Processing Fee

2% + GST

ICICI Bank

ICICI Business Loan

Term Loan — Unsecured

Business Loan

Interest Rate

11% – 18% p.a.

Processing Fee

2% + GST

ICICI Bank

ICICI Business Loan

Working Capital — Overdraft

Business Loan

Interest Rate

11% – 18% p.a.

Processing Fee

2% + GST

Equitas Small Finance Bank

Equitas MSME Business Loan

Micro-LAP / Agri MSME

Business Loan

Interest Rate

19% – 24% p.a.

Interest Type

floating

Processing Fee

2% + GST

Loan Amount

from ₹1,00,000 | up to ₹50,00,000

IndusInd Bank

IndusInd Bank Business Loan

MSME

Business Loan

Interest Rate

9.25% – 16.50% p.a.

Interest Type

floating

Processing Fee

0.50% – 2.00% of facility size

Loan Amount

from ₹1,00,000 | up to ₹15,00,00,000

Federal Bank

Federal Bank Business Loan

SME

Business Loan

Interest Rate

11.50% – 24% p.a.

Interest Type

floating

Processing Fee

1% + GST

Loan Amount

from ₹1,00,000 | up to ₹50,00,000

ICICI Bank

ICICI MSME Loan

GST-Based Term Loan

Business Loan

Interest Rate

11% – 18% p.a.

Processing Fee

2% + GST

Yes Bank

Yes Bank MSME Loan

MSME

Business Loan

Interest Rate

16% – 22% p.a.

Interest Type

floating

Processing Fee

Up to 2.5% + GST

Loan Amount

from ₹1,00,000 | up to ₹50,00,000

Federal Bank

Federal Bank MSME Loan

Working Capital

Business Loan

Interest Rate

12% – 20% p.a.

Interest Type

floating

Processing Fee

2% + GST

Loan Amount

from ₹1,00,000 | up to ₹1,00,00,000

Yes Bank

Yes Bank Business Loan

Unsecured

Business Loan

Interest Rate

16% – 22% p.a.

Interest Type

fixed

Processing Fee

Up to 2.5% + GST

Loan Amount

from ₹2,00,000 | up to ₹50,00,000

IDFC FIRST Bank

IDFC FIRST Bank Business Loan

Unsecured Business Loan

Business Loan

Interest Rate

9.50% – 12.99% p.a.

Interest Type

fixed

Processing Fee

1.5% + GST

Loan Amount

from ₹7,00,000 | up to ₹1,00,00,000

IDFC FIRST Bank

IDFC FIRST Bank MSME Loan

MSME

Business Loan

Interest Rate

9.50% – 12.99% p.a.

Interest Type

fixed

Processing Fee

1.5% + GST

Loan Amount

from ₹7,00,000 | up to ₹1,00,00,000

ICICI Bank

ICICI MSME Loan

InstaBIZ Collateral-Free

Business Loan

Interest Rate

11% – 18% p.a.

Processing Fee

2% + GST

Kotak Mahindra Bank

Kotak Mahindra Bank MSME Loan

MSME

Business Loan

Interest Rate

11% – 20% p.a.

Interest Type

fixed

Processing Fee

1%-2%

Loan Amount

from ₹1,00,000 | up to ₹1,50,00,000

Axis Bank

Axis Bank Business Loan

Unsecured Business Loan

Business Loan

Interest Rate

15% – 24% p.a.

Interest Type

fixed

Processing Fee

2% of loan amount + GST

Loan Amount

from ₹1,00,000 | up to ₹50,00,000

State Bank of India

SBI Secured Business Loan

Secured

Business Loan

Interest Rate

9.75% – 16% p.a.

Interest Type

floating

Processing Fee

1%-2%

Loan Amount

from ₹1,00,000 | up to ₹5,00,00,000

ICICI Bank

ICICI Bank MSME Unsecured Loan

Unsecured

Business Loan

Interest Rate

11% – 18% p.a.

ICICI Bank

ICICI Bank MSME GST Loan

GST-based

Business Loan

Interest Rate

11% – 18% p.a.

Processing Fee

2% + GST

ICICI Bank

ICICI Bank Secured Business Loan

Secured

Business Loan

Interest Rate

11% – 18% p.a.

Processing Fee

2% + GST

State Bank of India

SBI MSME Loan

Collateral-Free Term Loan

Business Loan

Interest Rate

9.75% – 16% p.a.

Interest Type

floating

Processing Fee

1%-2%

Loan Amount

from ₹1,00,000 | up to ₹50,00,000

HDFC Bank

HDFC Bank MSME Loan

Unsecured Term Loan

Business Loan

Interest Rate

15% – 24% p.a.

Interest Type

floating

Processing Fee

2% of loan amount + GST

Loan Amount

from ₹1,00,000 | up to ₹50,00,000

HDFC Bank

HDFC Bank Unsecured Business Loan

Unsecured

Business Loan

Interest Rate

15% – 24% p.a.

Interest Type

floating

Processing Fee

2% of loan amount + GST

Loan Amount

from ₹1,00,000 | up to ₹10,00,00,000

HDFC Bank

HDFC Bank Secured Business Loan

Secured

Business Loan

Interest Rate

15% – 24% p.a.

Interest Type

floating

Processing Fee

2% of loan amount + GST

Loan Amount

from ₹1,00,000 | up to ₹50,00,00,000

HDFC Bank

HDFC GST Business Loan

GST Based

Business Loan

Interest Rate

15% – 24% p.a.

Interest Type

floating

Processing Fee

2% of loan amount + GST

Loan Amount

from ₹1,00,000 | up to ₹1,00,00,000

DCB Bank

DCB SME Loan

SME Term Loan / Overdraft

Business Loan

Interest Rate

15% – 24% p.a.

Interest Type

floating

Processing Fee

2% of loan amount + GST

Loan Amount

from ₹1,00,000 | up to ₹10,00,00,000

Utkarsh Small Finance Bank

Utkarsh Micro Banking Loan

Micro Banking

Business Loan

Interest Rate

16% – 26% p.a.

Interest Type

floating

Processing Fee

Up to 2% of loan quantum

Loan Amount

from ₹1,00,000 | up to ₹1,00,00,000

Utkarsh Small Finance Bank

Utkarsh MSME Loan

MSME

Business Loan

Interest Rate

15% – 24% p.a.

Interest Type

floating

Processing Fee

Up to 2.00% of line size

Loan Amount

from ₹1,00,000 | up to ₹1,00,00,000

Capital Small Finance Bank

Capital MSME Loan

MSME Scheme

Business Loan

Interest Rate

9.50% – 14% p.a.

Interest Type

floating

Processing Fee

0.50% – 1.00% of limit + GST

Loan Amount

from ₹1,00,000 | up to ₹5,00,00,000

Capital Small Finance Bank

Capital Corporate Loan

Corporate Lending

Business Loan

Interest Rate

15% – 24% p.a.

Interest Type

floating

Processing Fee

2% of loan amount + GST

Loan Amount

from ₹1,00,000

Ujjivan Small Finance Bank

Ujjivan Supply Chain Finance

Supply Chain Finance

Business Loan

Interest Rate

9.25% – 20% p.a.

Interest Type

floating

Processing Fee

Up to 1%-2% + GST

Loan Amount

from ₹1,00,000 | up to ₹75,00,000

AU Small Finance Bank

AU Business Term Loan

Business Term

Business Loan

Interest Rate

11% – 16% p.a.

Interest Type

floating

Processing Fee

2% + GST

Loan Amount

from ₹1,00,000 | up to ₹5,00,00,000

Jana Small Finance Bank

Jana Business Loan Entity

Business Entity

Business Loan

Interest Rate

11% – 22% p.a.

Interest Type

fixed

Processing Fee

1.5%-2.5%

Loan Amount

from ₹1,00,000 | up to ₹2,00,00,000

Jana Small Finance Bank

Jana Secured Business Loan

Secured

Business Loan

Interest Rate

11% – 22% p.a.

Interest Type

floating

Processing Fee

1.5%-2.5%

Loan Amount

from ₹1,00,000 | up to ₹25,00,00,000

Bank of Baroda

Baroda MSME Smart Score

MSME Smart Score

Business Loan

Interest Rate

10% – 14% p.a.

Interest Type

floating

Processing Fee

0.50% to 1%

Loan Amount

from ₹10,00,000 | up to ₹5,00,00,000

Bank of Baroda

Baroda Working Capital Loan

Working Capital

Business Loan

Interest Rate

9.50% – 13% p.a.

Interest Type

floating

Processing Fee

2% + GST

Loan Amount

from ₹1,00,000

Bank of Baroda

Baroda Business Term Loan

Term Loan

Business Loan

Interest Rate

8.50% – 13.50% p.a.

Interest Type

floating

Processing Fee

Concessional / Up to 1.00% of loan amount

Loan Amount

from ₹1,00,000 | up to ₹50,00,00,000

DCB Bank

DCB Business Loan

Unsecured Business Loan

Business Loan

Interest Rate

15% – 24% p.a.

Interest Type

floating

Processing Fee

2% of loan amount + GST

Loan Amount

from ₹1,00,000 | up to ₹40,00,000

HDFC Bank

HDFC Business Loan

Working Capital

Business Loan

Interest Rate

15% – 24% p.a.

Interest Type

floating

Processing Fee

2% of loan amount + GST

Loan Amount

from ₹1,00,000 | up to ₹50,00,000

DCB Bank

DCB Kisan Credit Card

Kisan Credit Card

Business Loan

Interest Rate

11% – 16% p.a.

Interest Type

floating

Processing Fee

Up to 1.5% - 2% of loan amount + GST

Loan Amount

from ₹1,00,000 | up to ₹5,00,00,000

DCB Bank

DCB Tractor Loan

Tractor Loan

Business Loan

Interest Rate

15% – 24% p.a.

Interest Type

floating

Processing Fee

2% of loan amount + GST

Loan Amount

from ₹1,00,000 | up to ₹50,00,00,000

RBL Bank

RBL Bank Business Loan Unsecured

Unsecured Business Loan

Business Loan

Interest Rate

10.65% – 16.25% p.a.

Interest Type

floating

Processing Fee

Up to 3%

Loan Amount

from ₹10,00,000 | up to ₹50,00,000

Yes Bank

YES Bank Commercial Vehicle Loan

Fleet Expansion

Business Loan

Interest Rate

11% – 17% p.a.

Interest Type

floating

Processing Fee

2% + GST

Loan Amount

from ₹1,00,000

Yes Bank

YES Bank Healthcare Finance Loan

Equipment/Clinic

Business Loan

Interest Rate

11% – 17% p.a.

Interest Type

floating

Processing Fee

Up to 2.00% - 2.50% of facility size

Loan Amount

from ₹1,00,000 | up to ₹5,00,00,000

Yes Bank

YES Bank YES GST Loan

GST-based OD

Business Loan

Interest Rate

12% – 18% p.a.

Interest Type

floating

Processing Fee

2% + GST

Loan Amount

from ₹1,00,000 | up to ₹1,00,00,000

Yes Bank

YES Bank Smart Overdraft

Working Capital

Business Loan

Interest Rate

12% – 18% p.a.

Interest Type

floating

Processing Fee

2% + GST

Loan Amount

from ₹1,00,000 | up to ₹1,50,00,000

IndusInd Bank

IndusInd Business Loan Unsecured

Unsecured

Business Loan

Interest Rate

15% – 24% p.a.

Interest Type

floating

Processing Fee

2% of loan amount + GST

Loan Amount

from ₹1,00,000 | up to ₹50,00,000

IDFC FIRST Bank

IDFC FIRST Business Loan

Term Loan

Business Loan

Interest Rate

9.50% p.a.

Interest Type

floating

Processing Fee

1.5% + GST

Loan Amount

from ₹50,00,000 | up to ₹1,00,00,000

ICICI Bank

ICICI Business Installment Loan

Term Loan

Business Loan

Interest Rate

11% – 18% p.a.

Processing Fee

2% + GST

ICICI Bank

ICICI Bank Business Loan

Business Loan

Interest Rate

11% – 18% p.a.

Processing Fee

2% + GST

Loan Amount

up to ₹1,00,00,000

Min Turnover

₹NaN p.a.

What is this?

A business loan is a loan taken by businesses to fund working capital, equipment purchase, expansion, or operational expenses. MSME loans under CGTMSE (Credit Guarantee Fund Trust for Micro & Small Enterprises) are available collateral-free up to ₹2 Crore.

Available Variants

Term Loan for Business
Working Capital Loan
MSME / SME Loan (CGTMSE coverage)
Business Overdraft (linked to turnover)
Machinery / Equipment Finance
MUDRA Loan (Shishu ₹50K, Kishore ₹5L, Tarun ₹10L)
Stand-Up India Loan (SC/ST/Women entrepreneurs)

Key Benefits

Collateral-free up to ₹2 Crore under CGTMSE scheme
GST & bank statement-based underwriting (less paperwork)
Quick digital approval for existing bank customers
Flexible tenures 12–84 months
MUDRA loans from ₹50,000 — no collateral
Tax deduction on interest paid

Eligibility Criteria

Business vintage 2+ years; annual turnover as per bank norms (typically ₹40L–₹1Cr+); GST registration preferred; CIBIL 700+ for proprietor/directors; satisfactory banking conduct. Self-employed professionals (doctors, CAs, architects) also eligible.

Who Should Choose This?

  • SME & MSME owners
  • Retail & wholesale traders
  • Service sector businesses
  • Manufacturers & exporters
  • Women entrepreneurs (MUDRA / Stand-Up India)

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