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Business Loan Interest Rate

At BankMark, we understand that securing the right financing is crucial for the success and growth of your business. Our Business Loan offerings come with competitive interest rates, tailored to meet the unique needs of entrepreneurs and businesses.

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Business loan Interest Rate and Processing Fee...

Banks & HFC
Interest Rate
Processing Fees
SBI
8.40%-9.00%
0.25%-0.50%
HDFC Bank
8.50%-9.25%
Up 0.50%
14%
Upto 3%
Indiabulls
9.00%-11.00%
0.50%-1.00%
ICICI Bank
8.50%-9.50%
0.50%-1.00%
Bajaj Finserv
9.75%-25%
Upto 3.54%
Tata Capital
8.%-10.50%
Upto 1%
IIFL Finance
12.75%-44%
2%-6%
Kotak Mahindra Bank
8.95%-11.50%
Upto 1%
DCB Bank
8.50%-9.50%
0.50%-1.00%

Documents Required For Business Loan

  • KYC documents: PAN card, Aadhaar card, voter ID, Passport, driving license
  • Income Proof: Income Tax Returns of last 2 years, Form 26AS,
  • 1 year currant account statement 
  • Business registration proof (GST, MSME)

Competitive Interest Rates

At BankMark, we work with wide range of banks and finance companies to provide you with the best business loan options available. Our network of lenders includes banks, credit unions, and finance companies, so you can be sure you’re getting the best rates available.

Transparent and Flexible Terms

We know that every business is unique, which is why we offer flexible repayment terms to fit your specific needs. Whether you need a short-term loan or a long-term loan, we can help you find the right financing option for your business.

Fast Approval

We understand that time is money, which is why we’ve streamlined our approval process to make it as fast and easy as possible. Our team of experts is available to answer any questions you may have and guide you through the loan application process.

A business loan is a type of loan that is specifically intended for business purposes. It involves the creation of a debt, which will be repaid with added interest. There are a number of different types of business loans, including bank loans, mezzanine financing, asset-based financing, invoice financing, microloans, business cash advances, and cash flow loans.

Business loans can be used to cover both unexpected and anticipated expenses. They can help entrepreneurs and business owners start and grow their businesses, cover gaps in cash flow, purchase new equipment, and more . Business loans can be obtained from banks, credit unions, and finance companies. The lender will require collateral for secured loans, which may be lost if repayments are not made.

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FAQ

Frequently Asked Questions

We cater to a diverse range of businesses, including startups, small and medium-sized enterprises (SMEs), and established companies. Our eligibility criteria consider various factors, and we welcome businesses from different industries and sectors.

The amount you can apply for depends on your business needs and financial profile. We offer a range of loan options to accommodate various funding requirements, from small working capital loans to larger amounts for significant business expansions. Our team works with you to determine the most suitable loan amount for your specific situation.

Our business loans come with competitive interest rates tailored to provide affordable financing for your company. The specific interest rate depends on factors such as the type of loan, loan term, and your business's creditworthiness. We are committed to transparency, and all relevant details, including interest rates, will be clearly communicated during the application process.

Our streamlined approval process is designed for speed and efficiency. In many cases, you can expect a quick decision on your business loan application. The exact timeframe may vary depending on the completeness of your application, the type of loan, and other factors. Rest assured, we understand the importance of timely decisions, and our team works diligently to provide swift approvals.

Collateral requirements vary based on the type of business loan and your specific financial situation. While some of our loans may require collateral to secure the financing, others, such as unsecured lines of credit, may not. Our team will guide you through the collateral requirements during the application process, ensuring transparency and clarity in all aspects of your loan agreement.

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