Lowest business loan EMI as on 07 Nov 2020 is ₹ 2,301 per lakh.
Banks offering lowest EMI on business loan are Corporation Bank, DCB Bank.
As per the current rate of 13.50%, SBI offers the lowest business loan EMI of ₹ 2,301 for 5 years on per lakh loan amount. The EMI can vary depending upon the interest rate, loan amount and loan tenure. Higher the loan amount, higher will be the EMI.
Loan Amount | 1 Year Loan | 3 Year Loan | 5 Year Loan |
₹ 1 Lakh | ₹ 8,955 | ₹ 3,394 | ₹ 2,301 |
₹ 5 Lakh | ₹ 44,776 | ₹ 16,968 | ₹ 11,505 |
₹ 10 Lakh | ₹ 89,552 | ₹ 33,935 | ₹ 23,010 |
SBI Business Loan | ₹ 2,594 | 48 months |
HDFC Bank Business Loan EMI Calculator | ₹ 2,816 | 48 months |
ICICI Bank Business Loan EMI Calculator | ₹ 3,540 | 36 months |
RBL Bank Business Loan EMI Calculator | ₹ 3,528 | 36 months |
Tata Capital Business Loan EMI Calculator | ₹ 3,097 | 48 months |
Lendingkart | ₹ 3,615 | 36 months |
Bajaj Finserv | ₹ 2,938 | 48 months |
IDFC First Bank | ₹ 3,819 | 36 months |
IIFL | ₹ 2,432 | 60 months |
Bank of Maharashtra | ₹ 3,442 | 36 months |
IndusInd Bank | ₹ 2,327 | 60 months |
Kotak Bank | ₹ 2,432 | 60 months |
Fullerton India | ₹ 3,043 | 48 months |
IDBI Bank | ₹ 2,237 | 60 months |
Indifi | ₹ 2,877 | 60 months |
Neogrowth | ₹ 5,065 | 24 months |
Allahabad Bank | ₹ 1,902 | 84 months |
Yes Bank | ₹ 3,528 | 36 months |
PNB | ₹ 2,257 | 60 months |
OBC | ₹ 1,800 | 84 months |
Indian Overseas Bank | ₹ 2,374 | 60 months |
Dhan Laxmi Bank | ₹ 2,270 | 60 months |
DCB Bank | ₹ 2,311 | 60 months |
Andhra Bank | ₹ 2,419 | 60 months |
United Bank of India | ₹ 2,275 | 60 months |
Corporation Bank | ₹ 1,849 | 84 months |
Syndicate Bank | ₹ 2,257 | 60 months |
Bank of Baroda | ₹ 3,423 | 36 months |
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