Business Loan Calculator

Calculate unsecured business loan EMI in India 2026. 13-22% rates, 1-5 year tenure, up to ₹50 lakh. Includes processing fee + 18% GST. For HDFC, Bajaj Finserv, Lendingkart, Indifi, IIFL.

Loans & EMI🇮🇳India · FY 2026-27Reviewed Apr 2026No sign-up · Runs in your browser

Details

Loan Amount₹10,00,000

Annual Interest Rate16% p.a.

Tenure (Months)36mo

Processing Fee2.5%

Result

Monthly EMI

₹35,157

Net Disbursal (after fee + GST)

₹9,70,500

Processing Fee

₹25,000

GST 18% on Fee

₹4,500

Total Interest

₹2,65,653

Total Repayment

₹12,65,653

For estimation only. Not professional financial, tax, or legal advice. Consult a qualified advisor before making decisions. Full disclaimer.

How it works

Unsecured business loans in India 2026

A business loan in India is for working capital, equipment, expansion, inventory, or daily cash flow. Most are unsecured (no collateral) up to ₹50 lakh; over that you usually need a guarantee or collateral.

2026 rates and terms

Interest rate: 13-22% per year for unsecured (vs 9-12% for secured business loans backed by property).
Tenure: 1-5 years (most lenders cap at 60 months).
Loan amount: ₹50,000 to ₹50 lakh unsecured.
Processing fee: 1.5-3% of loan + 18% GST.
Disbursal: 24-72 hours for digital lenders, 7-15 days for banks.

Major lenders 2026

HDFC Bank: 13.50-22%, ₹50K-₹50L, 1-4 yrs
ICICI Bank: 14-19%, ₹50K-₹50L, up to 5 yrs
Axis Bank: 14-22%, ₹50K-₹50L
Bajaj Finserv: 14-25%, ₹50L max, fastest disbursal
Lendingkart, Indifi, IIFL: 18-30%, smaller ticket sizes (₹50K-₹1Cr), purely digital

Eligibility (most lenders)

Business vintage: 1-3 years (some lenders accept 6 months)
Annual turnover: ₹40 lakh+
Profitable for last 2 years (ITR proof)
Owner age: 21-65 years
CIBIL score: 685+ (most), some go down to 650
Not a defaulter on prior loans (CIBIL Commercial check)

Documents

KYC (PAN of business + proprietor + Aadhaar)
Business proof (registration, GST, shop establishment, Udyam/MSME registration)
Bank statements (last 12 months current account)
ITR (last 2-3 years business + personal)
Profit & loss statement, balance sheet (CA-certified)
Address proof (electricity bill, lease, ownership)

When to pick what

Bank loan: Lower rate, longer tenure, slower disbursal. Best when planning ahead.
NBFC / digital lender: Higher rate, fast disbursal (24-72h), more lenient on CIBIL. Best for emergencies.
Mudra: Smaller ticket (up to ₹20L), govt-subsidized, no collateral. Use the Mudra calculator.
LAP: If you have property to pledge, much lower rate. Use LAP calculator.

Common rejection reasons

Inconsistent or volatile bank balance (lenders look at minimum monthly balance, EOD pattern)
Multiple loan inquiries in last 6 months (looks desperate)
Recent business closure or change of business
Negative net worth on balance sheet
Tax defaults (income tax, GST returns missing)
Industry on lender's negative list (gambling, real estate speculation)