Business Loan - Interest Rates at Various Banks/ Rates at which you've got the loan?

[BRB]

Greetings, fellow forum members!
I've recently been scouring the forum in search of information on the prevailing interest rates for business loans offered by various banks.
Unfortunately, I haven't come across any comprehensive details on this matter.

If any of you have up-to-date knowledge regarding the current interest rates or have personal experiences securing loans from different banks, I kindly request your input.
By sharing this vital information, we can collectively provide valuable insights to fellow members and gain a clearer understanding of the current lending landscape.

Let's foster a collaborative environment by sharing our experiences, helping one another make informed decisions, and staying abreast of the latest developments in the business loan market.

Thank you in advance for your contributions!

 

[NShah]

Greetings, fellow forum members!
I've recently been scouring the forum in search of information on the prevailing interest rates for business loans offered by various banks.
Unfortunately, I haven't come across any comprehensive details on this matter.

If any of you have up-to-date knowledge regarding the current interest rates or have personal experiences securing loans from different banks, I kindly request your input.
By sharing this vital information, we can collectively provide valuable insights to fellow members and gain a clearer understanding of the current lending landscape.

Let's foster a collaborative environment by sharing our experiences, helping one another make informed decisions, and staying abreast of the latest developments in the business loan market.

Thank you in advance for your contributions!

This is money control link
There is mentioned various banks and Nbfc intrest rate on business loan
This may be wrong

Business Loan comparator | Compare Business Loan Interest Rates | Moneycontrol

Business Loan Comparator: Compare your Business Loan interest rates on Moneycontrol. Check lowest home loan rates and apply online for best Business Loan. Compare Business Loan rate for top banks in India SBI, HDFC, DBS.

www.moneycontrol.com

 

[BRB]

This is money control link
There is mentioned various banks and Nbfc intrest rate on business loan
This may be wrong

Business Loan comparator | Compare Business Loan Interest Rates | Moneycontrol

Business Loan Comparator: Compare your Business Loan interest rates on Moneycontrol. Check lowest home loan rates and apply online for best Business Loan. Compare Business Loan rate for top banks in India SBI, HDFC, DBS.

www.moneycontrol.com

I also noticed different websites providing varying interest rates for business loans. In light of this inconsistency, I thought it would be beneficial to initiate a thread where our fellow members can exchange their personal experiences regarding loan acquisition.
By sharing their specific experiences, including the rates at which they were able to secure loans, we can gain valuable insights and a broader perspective on the matter.

Furthermore, the interest rates can fluctuate over time due to various economic factors.
Therefore, staying up to date with the latest information and comparing offers from multiple sources will help in making informed decisions regarding business loans if you are someone looking for the same.

 

[theglobalinvestor]

We were at 7.15% with sbi now it's increased to 10.75%.

 

[Priya KaramPriya Karam is verified member.]

Greetings, fellow forum members!
I've recently been scouring the forum in search of information on the prevailing interest rates for business loans offered by various banks.
Unfortunately, I haven't come across any comprehensive details on this matter.

If any of you have up-to-date knowledge regarding the current interest rates or have personal experiences securing loans from different banks, I kindly request your input.
By sharing this vital information, we can collectively provide valuable insights to fellow members and gain a clearer understanding of the current lending landscape.

Let's foster a collaborative environment by sharing our experiences, helping one another make informed decisions, and staying abreast of the latest developments in the business loan market.

Thank you in advance for your contributions!

Hi,
I am working with Axis Bank currently in premium segment. I have connections in loan department who would be able to help you out on this matter. Since loan is a huge topic in itself and detail specific, I would like to conversate with you on this directly over a call or direct message here. Let me know which works for you.

Thanks

 

[akish4u]

Hi all,
I'm trying for an MSME loan to start a healthcare business. But most of the banks are trying to push personal loan instead of MSME loan.
How difficult it is to get approval for a MSME loan upto 5cr?

Any inputs on how to approach the banks for MSME loan will be helpful.