Business Loan in Bangalore

star star star star star 4.25 / 5.04 users

Business loan in Bangalore is offered to professionals and business persons.  Bangalore is the business town booming with many commercial activities .The city is considered a paradise for the pensioners. The establishment of IT sector has given impetus to various sectors that include retail, malls, food and restaurants and real estate etc. The need to fund operations and expansion of business has led to increased requirement of business loans in the city.

Business Loan in Bangalore Details Updated on 20th September 2018

Loan Amount

Rs. 1 Lakh to Rs. 1 Crore

Loan Tenure

6 Months to 5 Years

Interest Rate

13.00% Onwards

Bengaluru is experiencing the rise of various indigenous businesses that are being run by groups and individuals groups. With the city’s expansion and commercial hubs rising, people have turned to individual business opportunities. With this expansion, financial needs in the form of business loans are also growing.

Our website, Loanbaba.com offers information on business loan provider in Bangalore and helps people get the best loan scheme for their needs.

Why Apply for Business Loan Bangalore on Loanbaba.com?

At Loanbaba, you can compare and apply for business loans online. You can check out several business loan schemes and go through all their features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, at one page. We even offer you Business Loan EMI calculator free-of-cost, through which you can understand the instalment to be paid every month.

You can also quickly apply for Business Loan online on our website without having to visit the branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

Offers One Can Avail From Business Loan in Bangalore

One can avail business loans up to Rs. 1 crore through different NBFCs, private financial sources and banks to fulfil all the financial needs if he/she is a new or existing businessperson. These loans are offered at different interest rates as per the eligibility of the applicant. Usually, the criteria required is that one should be pursuing that business from a period of at least 3 years with required income and revenues.

For the application of loan to be accepted, one needs to prove his/her ability of paying back the amount of the loan via profits generated through the business.

Business Loans Interest Rates in Bangalore

Most of the NBFCs or banks have strict criteria for approving business loans. The business loans Interest rates in Bengaluru depend on business turnover, profit, income of the applicant, financial condition of the company, loan amount and tenure etc. The rates can start at as low as 13%.

How Do I Get a Business Loan with the Lowest Interest Rate in Bangalore?

Here are some of the ways you can get lowest interest rate business loans for yourself.

  • Compare interest rates and offers on our website to know the lowest business loan rates.
  • Maintain a clean record on repayments so that the financial institution readily offers you best interest rate on the loan.
  • Strive to keep your company credit above 750, which is considered as a good credit score for business loan.
  • Do not default on existing loans otherwise it will be difficult to get business loan approval or lower rates.
  • Take benefit of seasonal offers by banks and NBFCs, specifically those that offer slashed interest rates.

Business Loans Eligibility in Bangalore

business loan eligibility may differ from one candidate to another. You can also use free-of-cost Bengaluru business loan eligibility calculator at Loanbaba.com. The eligibility criteria for business loan are discussed below:

  • Usually, the criteria required are that one should be pursuing that business from a period of at least three years with required income and revenues.
  • For the application of loan to be accepted, one needs to prove his/her ability of paying back the amount of the loan via profits generated through the business.
  • One can avail business loans up to Rs. 1 crore through different NBFCs, private financial sources and banks to fulfil all the financial needs if he/she is a new or existing business person.
  • These loans are offered at different interest rates as per the eligibility of the applicant.

Documentation Required for Bengaluru Business Loans

The documentation needed to avail business loan in Bangalore include proof of address , IT return of last 3 years, audit report, bank statements, ID proof of the company etc.

NBFCs and Banks Providing Bangalore Business Loans: 

  1. HDFC Bank:  It is largest bank in private sector in India and there are almost 141 branches of the bank in the city. 
  2. ICICI Bank: It is the 2ndlargest bank in private sector in the country and it has almost 89 branches in Bangalore.
  3. Axis Bank: It is the 3rdlargest private bank in India and it has approximately 50 branches in Bangalore. 
  4. Kotak Bank: It is a renowned private bank in the country and it has almost 22 branches in Bangalore. 
  5. Citibank: It is a reputed bank and operating with two branches in Bangalore. 
  6. Bajaj Finserv: It is among the reputed NBFCs in the country and has six branches in the city.
  7. Tata Capital: it is also a renowned NBFC with about four branches in the city. 
  8. Fullerton: It operates in the city with its one branch.

We understand the growth aspirations and business dreams of people at loanbaba.com. You can compare all the business loan offers provided by different banks and NBFCs to know about best loan offered on our site. The parameters you must compare are eligibility, rate of interest, loan amount, time of processing, other terms like penalty for prepayment and charges of processing etc before choosing the loan scheme.

How to Apply for Business Loan in Bangalore on Loanbaba?

You can apply for Business loan in Bengaluru with top banks and NBFCs at Loanbaba.com.

Business Loan in Bangalore Review


Business Loan
star star star star star 15.0/5
I have a Business loan taken in Bangalore. The loan disbursement was on time and document procedure was quick. I would say it was a satisfactory experience.
Bangalore September 17, 2018
Business Loan
star star star star star 15.0/5
My Business loan in Bangalore was passed at a great interest rate! I was able to secure the loan for a desirable tenure.
Bangalore September 16, 2018
Business Loan
star star star star star 14.0/5
Business loan in Bangalore involved online verification process and was done in time. I received the amount shortly.
Bangalore September 15, 2018
Business Loan
star star star star star 13.0/5
The loan amount is what I am satisfied with it. The interest rate and the charges are average.
Bangalore September 15, 2018

Subscribe to our newsletter

close
Top

Did not find what you were looking for?

Browse through our Knowledge Bank for more articles.

Loanbaba Blog

Check your Loan eligibility!

Apply for a Loan online: