RBI Regulated Lending Institutions • August 2026

Compare MSME & Business Loan Rates (2026)

Compare borrowing limits, indicative rates, tenure, and security requirements across PSU banks, private banks, NBFCs, and fintech platforms.

Lender Type

Loan Category

Collateral-Free Only

Lender & Product	Indicative Rate	Borrowing Range	Tenure	Key Criteria	Official Link
SBI Simplified SME Business Loan State Bank of India (SBI)•psu bank	9.25% – 11.75% p.a. EBLR linked (EBLR + spread based on internal MSME risk score)	₹10 Lakh – ₹5 Cr Security Required	Up to 60 Months (5 Years)	•Competitive PSU interest rates linked to RBI repo/EBLR •Term loan and cash credit (CC) facility for working capital	Official Portal
SBI e-Mudra Shishu & Kishor Loan State Bank of India (SBI)•psu bank	9.75% – 10.5% p.a. Concessional rates for micro entrepreneurs under PMMY guidelines	₹50,000 – ₹10 Lakh No Collateral	36 to 60 Months	•Instant digital in-principle approval via JanSamarth/SBI portal •No collateral or third-party guarantee required	Official Portal
HDFC Bank Business Growth Loan HDFC Bank•private bank	11.9% – 16.5% p.a. Fixed/Floating based on business vintage and credit assessment	₹5 Lakh – ₹75 Lakh No Collateral	12 to 48 Months	•Unsecured business loan with fast approval in 48 hours •Doorstep and digital document verification	Official Portal
ICICI Bank Business Instalment Loan ICICI Bank•private bank	12% – 17% p.a. Risk-based pricing determined by GST banking analytics	₹3 Lakh – ₹50 Lakh No Collateral	12 to 60 Months	•End-to-end digital journey via InstaBIZ platform •Pre-approved overdraft limits for existing current account holders	Official Portal
Tata Capital MSME Term Loan Tata Capital Financial Services•nbfc	13.5% – 19% p.a. Fixed interest rates assessed on cash flows & CIBIL score	₹5 Lakh – ₹90 Lakh No Collateral	12 to 60 Months	•Quick loan sanction based on banking statements & GST returns •Customized structured EMI plans for seasonal businesses	Official Portal
Lendingkart Digital MSME Loan Lendingkart Finance•fintech	15% – 24% p.a. Monthly reducing balance; rates determined by proprietary AI score	₹1 Lakh – ₹40 Lakh No Collateral	6 to 36 Months	•100% paperless application with disbursal in 24 to 72 hours •Minimum business vintage: 6 months; minimum turnover: ₹12 Lakh/year	Official Portal
FlexiLoans MSME Line of Credit FlexiLoans Technologies•fintech	14.5% – 22% p.a. Pay interest only on funds utilized from the approved credit line	₹1 Lakh – ₹50 Lakh No Collateral	12 to 36 Months	•Revolving line of credit for vendor payouts and raw material procurement •Integration with major e-commerce seller accounts & POS terminals	Official Portal

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MSMEVault is an independent comparison portal and does not disburse loans. All loan appraisals, underwriting, interest rates, and disbursements are executed solely by respective RBI-regulated lending institutions (Banks & NBFCs).