Business loan interest rates today
Updated 8 Nov, 6:30 am · 16 lenders · RBI repo rate 5.50% · Lowest: 9.50% p.a. at Kotak Mahindra Bank
Business loan rates – November 2026
| Lender | Type | Rate (p.a.) | Up to | Source |
|---|---|---|---|---|
| Kotak Mahindra Bank Business Loan (collateral-free) | Private Bank | 9.50% – 30.50% | ₹75 L | Kotak Mahindra Bank website read 8 Nov, 6:30 am |
| HDFC Bank Business Loan (collateral-free) | Private Bank | 10.75% – 22.50% | ₹75 L | Our lender list checked 25 Oct 2026 |
| Tata Capital Business Loan | NBFC | 12.00% – 30.00% | ₹75 L | Tata Capital website read 8 Nov, 6:30 am |
| Recur Club Revenue-based Financing | NBFC | 12.00% – 20.00% | ₹10 Cr | Our lender list checked 25 Oct 2026 |
| IDFC FIRST Bank Business Loan (collateral-free) | Private Bank | 12.99% – 23.49% | ₹75 L | IDFC FIRST Bank website read 8 Nov, 6:30 am |
| ICICI Bank Business Loan (collateral-free) | Private Bank | 13.00% – 17.50% | ₹1 Cr | ICICI Bank website read 8 Nov, 6:30 am |
| Axis Bank Business Loan (collateral-free) | Private Bank | 14.00% – 24.00% | ₹75 L | Our lender list checked 25 Oct 2026 |
| Bajaj Finance Business Loan | NBFC | 14.00% – 23.50% | ₹80 L | Bajaj Finance website read 8 Nov, 6:30 am |
| Aditya Birla Capital Business Loan (Udyog Plus) | NBFC | 14.00% – 25.00% | ₹50 L | Our lender list checked 25 Oct 2026 |
| Poonawalla Fincorp Business Loan | NBFC | 15.00% – 25.00% | ₹75 L | Poonawalla Fincorp website read 8 Nov, 6:30 am |
| HDB Financial Services Business Loan | NBFC | 15.00% – 28.00% | ₹50 L | Our lender list checked 25 Oct 2026 |
| Shriram Finance MSME Business Loan | NBFC | 15.00% – 26.00% | ₹25 L | Our lender list checked 25 Oct 2026 |
| Lendingkart Business Loan (digital) | NBFC | 15.00% – 30.00% | ₹2 Cr | Our lender list checked 25 Oct 2026 |
| Indifi Technologies Business Loan (digital) | NBFC | 15.00% – 28.00% | ₹50 L | Our lender list checked 25 Oct 2026 |
| FlexiLoans Business Loan (digital) | NBFC | 15.00% – 30.00% | ₹50 L | Our lender list checked 25 Oct 2026 |
| NeoGrowth Credit Retailer Loan (repaid from card/UPI sales) | NBFC | 18.00% – 30.00% | ₹75 L | Our lender list checked 25 Oct 2026 |
Rates are the lenders’ published ranges for new loans. The lender decides the final rate at sanction. Sorted by lowest starting rate.
What decides your business loan rate
- Business vintage – most lenders want 2–3 years of operations
- Turnover, profit and banking – GST returns, ITR and 12 months of bank statements are checked
- Credit score of the business and promoters
- Collateral-free business loans from NBFCs cost more than secured bank loans – compare an MSME loan with CGTMSE cover first
Common questions
Which lender has the lowest business loan interest rate today?
As on 8 Nov 2026, the lowest starting rate in our comparison is 9.50% p.a. at Kotak Mahindra Bank (Business Loan (collateral-free)). The rate you are offered depends on your credit score, income and the lender’s own grading of your profile.
How current are these rates?
6 of the 16 lenders in this table are read directly from the lender’s website twice a day, at 6:30 am and 2:30 pm. The others come from our lender list, with the date each was last checked.
Will I get the lowest rate shown?
The starting rate is for the strongest profiles. Check your own eligibility on Funding Desk to see the rate and amount each lender is likely to offer you – it does not affect your credit score.