Business Loan Fees & Interest Rates

FinRize Finserv Pvt. Ltd provides access to well-curated business loans that attract a nominal rate of interest. Thus, you enjoy affordable EMIs throughout the loan tenor. Follow the listed table to view the interest rate and charges applicable on a business loan:

Interest Rates Starting From 1% Per Month
Processing Fee 1-2% of Loan amount
Loan Tenor Up to 60 months
Pre-closure Charges 4% of principal outstanding amount + GST*
Eligibility Criteria ₹ 90,000 turnover for 3 months

Note: *GST @18% will be applicable

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Business Loan Eligibility Criteria

To be eligible for the business loan, you must meet the following conditions:

  • You must be a self-employed individual
  • Self-employed professionals include doctors, chartered accountants, etc., and self-employed non-professionals include traders, manufacturers
  • You must be between 22-60 years of age.
  • Business units such as partnerships, limited liability partnerships, and private limited companies can apply for a business loan
  • You must have a minimum business experience of 2 years in the current business and at least 5 years of business experience on the whole.
  • The minimum annual income (ITR) must be ₹ 1 lakh per annum
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Business Loan EMI Calculate:

The Minimum Annual Percentage Rate is 18% and the Maximum Annual Percentage Rate is 28% with a flexible repayment period of 5 years. Exception - We do not allow full repayment before 30 days or less.
To calculate the details for a salaried customer availing the Business loan of 5 Lakh at an interest rate of 18 % ROI for 5 years, your EMI will range around 12,697.
Also, the lenders will charge a processing amount ranging around 2 % of total loan amount. In this case, the processing fee will be ….
Then, the total interest payable is ₹2, 61,803 and total amount payable is 5 Lakh.

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Only you know what it takes to make your business stand. You do your part, we’ll do ours. At FinRize Finserv Pvt. Ltd, we are here to ensure that you will get your business loan, irrespective of your business idea, scale and set-up. Fund your business without collateral with an unsecured business loan by FinRize Finserv Pvt. Ltd. Expand your existing business with us.

Continue To stay ahead by availing best available Business Loans with FinRize Finserv Pvt. Ltd

FinRize Finserv Finance Key Features

  • Loan Amount: INR 1 lakhs to INR 1 Crore
  • Maximum Tenure: 5 years
  • Minimum turnover - 5LPA
  • 6 Months GST Registration
  • Minimum Documentation Requirement
  • Access to 30+ Banks

Grow your Business with FinRize Finance

Your business means everything to you. Irrespective of what your company looks like- Sole Proprietor, Partnership firm, Private Ltd Co., Trust / LLP in Manufacturing, Trading or Services, etc. we continue to offer the best business loan options to our customers as per their business requirement.

Why Choose FinRize Finance for Business Loans?

  • Easy and Convenient Business Loans.
  • No hidden conditions or charges.
  • Avail attractive interest rates & flexible repayment tenure.
  • Customizable repayment options to fall easy on your pocket.
  • Legal and technical experts for Professional counseling
  • Dependable service and customer support

We have ties with multiple banks to prepare a list of business loan options that go well with your business ideas. Pull off your business successfully with FinRize Finserv Pvt. Ltd, one of the most reputed business loan finance companies. Funds can never be a problem when you are all set to start your business. We are a one-stop solution available to business options!!!
Get loan options from different banks to enjoy the best business Loan Amount, Tenure, and EMI period options. Contact us to know more.