Business Loan in Chennai

Check business Loan Interest Rates of All Major Banks of chennai Instantly
Bank Name
Floating Interest rate
Processing Fee
RBL BANK
20.00% per annum,
3% of loan amount
15 % to 22 %
upto 3.00% of the total loan amount + Service Tax
16.00% per annum
Maximum 3% of the Loan I Facility Amount (plus GST
Aditya birla
17.00% - 26.00%
2% of the loan amount
Neo Growth
18% to 24%
upto 2% of the loan amount
14.10% per annum
upto 1%
18 to 25% p.a.
upto 3% of the loan amount
Federal Bank
8.9% to 14%
upto 3% of the loan amount
MUFIN FINANCE
13% to 22%
2% of the loan amount
14.00% per annum
2.50%
19 %
upto 2.75% of the loan amount + GST
13% to 16% per annum.
upto 2 % of the Loan Amount
18% onwards
upto 3% of loan amount
Zip Loan
16 %
2 %
15.65% onwards
upto 2.50% of loan amount
18% to 28%
upto 2% of the loan amount
HDB bank
13.99%
upto 2% of loan amount.
ICICI
16.49%
upto 2% (plus applicable taxes)
12.6%- 15.60%
1.8% + taxes
18% onwards
upto 3% of loan amount
14.25% onwards
upto 2% of loan amount + applicable taxes
Incred Finance
18%
upto 5% of the loan amount
Vistaar finance
15 % to 25 %
upto 2% of the loan amount
ABOUT BUSINESS LOAN IN CHENNAI

We aim to create a robust alternative credit ecosystem in the country. For this, we are digitizing the finance functions. Anywhere and everywhere – you can Apply for a Business Loan with just a few clicks.

Now, you can compare and make a wise choice for the best Business Loan in chennai also. We bring forth a myriad of options from best banks and NBFCs for your convenience. It’s simple! Choose your desired product and win amazing assured cash backs up to ₹ 5000 on loan disbursal.

Eligibility Criteria for Business Loan in chennai

No worries for strict eligibility conditions. We tie-up with all the best lenders in the chennai and help you with flexible eligibility criteria. Self-employed/professionals – hope you meet the following eligibility parameters.

  • Applicants should own a business or engaged in practice since at least 1 year
  • Self-employed applicants should be between 25 to 60 years
  • Having net monthly income of Rs. 22,000
  • Turnover of minimum Rs 20 lakhs
  • Your ITR income should be equal to or above Rs 2,50,000
  • The firm should have been incorporated at least 2 years before

Documents Required for Business Loan in chennai

We leverage existing and emerging technologies to offer you the complete digitalized process. Upload the required documents; it will take a few minutes.

  • Identity Proof – Pan Card/Driving License/Passport/Voter ID Card
  • Address Proof – Telephone or ElectrchennaiBill/Ration Card/Lease Agreement/Trade License/Sales Tax Certificate
  • Bank Statement – for the last 6 months statements
  • Mandatory Documents – Memorandum & Articles of Association/Sole Proprietorship declaration (Business Certificate)
  • Audited Financials – of last 3 years, signed by a C.A
  • IT Returns – for the last 2 years

Benefits & features of taking Business Loan in chennai

Taking a business loan is an indispensable decision in one’s life. At chennai, we have a plethora of options with added benefits. Everything is online – you don’t need to visit the bank.

Get ready to leverage the following benefits –

  1. Instant Approval – Yes. SBI, ICICI, HDFC, IIFL and other players are offering instant paperless business loan approval. Apply at Afinoz, and we will help you avail the Business Loan at best rate.
  2. High Eligibility – Within a just few minutes, we will assess your business loan eligibility and suggest you the best available options in chennai. Our process is driven by automated technologies, and we help you get low EMI business Loan
  3. Balance Transfer – We will make you pay your EMI easily by reducing your debt amount. Transfer your Business Loan balance to save on money. Some lenders charge fee for a balance transfer.

Have a few clicks on our EMI Calculator and get your business loan EMI in quick time.

ABOUT CHENNAI

Formerly known as Madras, Chennai is the capital town of the state of Tamil Nadu. It is one of the most visited Indian cities by foreign tourists and is the biggest cultural, economic, and educational centre of South India.

Chennai is also nicknamed as The Detroit of India having a base of one third of India’s automobile industry. It is also a major film production centre and is home to Tamil Film Industry. For many centuries the region around Chennai has served as an important military, administrative, and economic centre. Ancient coins dating to around 500 BC have been found in the excavations in the city and surrounding areas. The sculpted caves and paintings of the age old period also have been identified from that period.

TOP LOAN PROVIDERS IN CHENNAI
ABOUT STATE BANK OF INDIA, CHENNAI, Tamil Nadu

State Bank of India (SBI) is India’s multinational public sector banking and financial services company. SBI was established in 80 and is headquartered in Mumbai, Maharashtra. The bank is the largest bank in India with a % market share in assets. State Bank of India operates a network of , branches and 9, ATMs in India and internationally. SBI operates through Treasury, Corporate/Wholesale Banking, Retail Banking, Insurance Business, and Other Banking Business channels. It extends a comprehensive range of banking products and services to individuals, commercial enterprises, corporates, and government bodies, and institutional customers in India and internationally. Its personal banking services include current accounts, savings accounts, term and recurring deposits; personal, home, auto, and education as well as loans against property and securities; and wealth management, demat, ATM, foreign inward remittance, safe deposit locker, public provident fund, money transfer, and pension policy, as well as cards and inflation indexed national savings securities cumulative bonds. It also provides corporate banking services including corporate accounts, working capital and project finance, deferred payment guarantees, corporate term loans, structured finance, dealer financing, channel financing, equipment leasing, loan syndication, financing Indian firms overseas subsidiaries or JVs, and construction equipment loans. In addition, the bank offers NRI services, such as accounts and deposits, remittances, investments, and loans; agricultural banking and micro credit to agriculturists and farmers; loans, supply chain finance, and deposits and transaction banking services for SME customers; and international banking services.

Bank Details
Product

Banking, Loans, Deposit

Insurance

Individual Insurance: Sbi life- eshield, Sbi life - poorna suraksha, Sbi life - sampoorn cancer suraksha, Sbi life- elncome shield, Sbi life- smart shield, Sbi life - saral Shield, SBI Life - Saral Swadhan +, SBI Life- Smart Swadhan Plus, SBI Life - Grameen Bina. Corporate Insurance Plan: SBI Life - Kalyan ULIP Plus, SBI Life- CapAssure Gold, SBI Life - Gaurav Jeevan, SBI Life- Pradhan Mantri Jeevan Jyoti Bima yojana, SBI Life- Sampoorn Suraksha

Banking

MoBile Banking, Internet Banking, Wholesale Banking, Retail Banking

Loans

Personal Loans, Car Loan, Loan Against Property, Education Loan, Housing Loans, Gold Loans, Corporate Term Loans

Cards

SBI Card ELITE, SBI Credit Cards, Air India SBI Platinum Card, Air India SBI Signature Card, SBI STYLEUP Contactless Credit Card, IRCTC SBI Platinum Card, Doctor's SBI Card, SBI Card ELITE Advantage

Branches of STATE BANK OF INDIA in CHENNAI
TYAGARAYA NAGARVADAPALANISHENOY NAGARVALASARAVAKKAMMADHAVARAMRASMECC, CHENNAIVELACHERRYTARAMANIK K NAGAR, CHENNAIPERUNGUDIMOGAPPAIRRAJA ANNAMALAIPURAM EAST PERSONAA R M BRANCHCHENNAIZONAL OFFICE, CHENNAICOMMERCIAL BRANCH CHENNAISERVICE BRANCH CHENNAIALWARPETCHENNAIANNANAGAR WEST CHENNAIINDIRA NAGAR CHENNAISPECIALISED PERSONAL BANKINGTRIPLICANE CHENNAIT NAGAR CHENNAIANNANAGAR EAST CHENNAIKILPAUKCHENNAIMOUNT ROAD CHENNAICHENNAI MAINMEGA DOCUMENT ARCHIVAL CENTRE, CHENNAIROUNDTANA - ANNANAGAR BRANCH, CHENNAICHENNAI, ADAMBAKAMWOODS ROAD BRANCH, CHENNAICHENNAI, GEORGE TOWNVELACHERY,CHENNAIAMBAL NAGAR, CHENNAICHENNAI ADARSH VIDYALYACHENNAI ADARSH COLLEGECHENNAI, BROADWAYCHENNAI,WHITES ROADTRIPLICANEAMBATTURCHROMPETTHANIKACHALAM ROADTFCPC CHENNAIMADIPAKKAMKOYAMBEDUVELACHERRYPBB ANNANAGARIFBSERVICE BR CHENNAITHIRUVANMIYURK K NAGARKILPAUKST THOMAS MOUNTSANTHOMESHASTRINAGARWHITES ROADABHIRAMAPURAMT NAGARCHENNAI MAINCHENNAI ANNA SALAI BRANCHCHENNAI , PORURCHENNAI, KANDHAN CHAVADICHENNAI , CHROMEPETANNA NAGARASHOK NAGAR, CHENNAIMYLAPORE, CHENNAIMID CORPORATE BRANCH, RAJAJI SALAI, CHENNAIAYYAPPA NAGAR, KOYAMBEDU, CHENNAIBALAJI NAGAR, CHENNAIBROAD WAY, CHENNAIMOGGAPAIR WESTCHROMEPETURAPAKKAMMADAMBAKKAMCHITLAPAKKAMTHIRUVIKANAGARKELLYS CHENNAIPOZHICHALLURPALLIKARNAIMEDAVAKKAMWHITES ROAD CHENNAIANNA NAGARMARKET COMPLEX KOYAMBEDUVELACHERRYOAD RO CHENNAIPORURVALMIKINAGAR CHENNAIICSA COMPLEXIND FINANCE BRKOYAMBEDUSERVICE BRANCH CHENNAIMOUNT ROADCHETPUTINDIRANAGAR CHENNAIMYLALPORE CHENNAITHOUSAND LIGHTSII LINE BEACH CHENNAISBIINTOUCH, SELAIYURSBIINTOUCH, GUINDYSBIINTOUCH ROUNDTANA ANNA NAGARSBIINTOUCH ANNA NAGARSBIINTOUCH EGMORESBIINTOUCH TARAMANISBIINTOUCH R.K. SALAISBIINTOUCH HARRINGTON ROADSBIINTOUCH VELACHERRYSBITOUCH EA MALL CHENNAISIRUVALLUR ROAD PERAMBURMTH ROAD, VILLIVAKKAMWASHERMANPETMOOLAKADAITRUSTPURAM KODAMBAKKAMSME RAJAJI SALAIKOTIVAKKAMPALAVAKKAMVALASARAVAKKAMASHOK NAGAR FIRST AVENUERAMAPURAMVARATHARAJAPURAMGANDHI NAGAR ADYAR CHENNAIHASTHINAPURAME TREASURY CHENNAISME TNAGARKORATTURRACPC MRC NAGAR CHENNAISTATION ROAD WHANNELS ROAD EGMOREVANAGARAMMOGAPPAIR EASTDHANDEESWARAN NAGARZAM BAZAARWALAJAH ROADP.H ROAD BRANCHRAJIV GANDHI SALAI, CHENNAIEKKADUTHANGALGST ROAD, CHENNAIAYAPPAKAMAGNITIO PARK, KANDANCHAVADYNOLAMBURNERKUNDRAM6TH AVENUE, ANNA NAGARTHIRU VI KA NAGARDR NATESAN ROADTHIRUMALAI NAGARCAC ADYARCAC SIDCO AMBATTURADMINISTRATIVE OFFICE, ZONE II CHENNAISMECC AMBATTURSMECCC EKKADUTHANGALRACPC OMR CHENNAIRACPC ANNA NAGARSPECIALISED AGRI COMMERCIAL BRANCH, CHENNAIKUNDRATHUROTA, ST. THOMAS MOUNTRBO SCE 2 CHENNAIRBO SCE 1 CHENNAIRBO 4 CHENNAIRBO 3 CHENNAIRBO 2 CHENNAIRBO 1 CHENNAIANNA FLYOVERKARPAGAM GARDENSDHASARATHAPURAMJAMALIAPADIYANALLURPOWER HOUSE BRANCH KODAMBAKKAMCHROMEPETSME,ADYARRAJAJI SALAISME BRANCH, CHENNAIG.N.CHETTY STREET, T.NAGARR.K.SALAIICF BRANCH, CHENNAICOLLECTORATE ROAD, TIRUVANNAMALAISME THIRUMUDIVAKKAMKATTUPAKKAMJAINAGAR, CHENNAISOUTH BOAG ROAD CHENNAIABHIRAMAPURAM18TH MAIN ROAD, ANNA NAGAR WESTDR. ALAGAPPA ROAD CHENNAIMADUVANKARAIPOOMPUKAR NAGARKUTCHERY ROAD CHENNAIWEST SAIDAPETUTHANDIDAC, CHENNAIADAMBAKKAM, CHENNAITHIRUMURTHY NAGAR, CHENNAIEGMORE HIGH ROAD, CHENNAIKELLEYS, CHENNAIWEST VELACHERYMRC NAGAR, CHENNAIOLD MAHABALIPURAM ROADVALMIKINAGAR, CHENNAISRIRAM NAGAR,CHENNAIBYE PASS ROAD, VELACHERINEW AVADI RD, CHENNAISHENOY NAGARKODUNGAIYUR, CHENNAISHRINAGAR COLONYGANDHI NAGAR, ADYARJAFFERKHANPETRITCHIE STREET CHENNAINELSON MANICKAM ROAD, CHENNAIRANGARAJAPURAMMMDA COLONY, CHENNAIG A ROAD CHENNAICUSTOM HOUSE, CHENNAIVADAPALANIATNK & K BRANCHTARAMANICVRDE, AVADITIRUMANGALAMCURRENCY ADMINISTRATION CELL, CHENNAIMID CORP LOAN ADMINISTRATION UNIT CHENNAISHOLINGANALLURMELMARUVATHURCENTRALISED CLEARING PROCESSING CENTRE, CHENNAICAC GUINDYCURRENCY ADMINISTRATION CELL, GOPALAPURAMCAG, CHENNAIIFB, CHENNAIKOYAMBEDU CHENNAICHAMIERS ROADPERUNGUDISERVICE BRANCH CHENNAIVELACHERYMAHAKAVI BHARATHI NAGAR, CHENNAIGILL NAGAR, CHENNAICHINMAYA NAGAR,CHENNAISELAIYURNRI CHENNAIK K NAGARJAWAHAR NAGAR, CHENNAICOMMERCIAL BRANCH, CHENNAITREASURY BRANCH CHENNAIVILLIVAKKAM, CHENNAIVEPERY, CHENNAISHASTRI NAGAR, CHENNAIMAHALINGAPURAM, CHENNAILIBM CHENNAISALIGRAMAM, CHENNAISIRUTHOZHIL CHENNAIARUMBAKKAMPWD COMPLEX, CHENNAIANNA UNIVERSITYZONAL OFFICE CHENNAISANTHOMECHINTHADRIPET, CHENNAILCPC, CHENNAIPOONAMALEEPORURMADIPAKKAMCITY RECOVERY CENTREMOGAPPAIRTFCPC, CHENNAISME CITY CREDIT CENTRE, CHANDIGARHSME CITY CREDIT CENTRE, CHENNAISBLC NUNGAMBAKKAMOVERSEAS BRANCH, CHENNAIH.V. F AVADIRACPC, CHENNAICENTRALISED PENSION PROCESSING CENTRE (CPPC)K.K.NAGARCOMMERCIAL BR,GUINDYFOCAL POINT LINK BRANCH, CHENNAIPBB NUNGAMBAKKAMPBB BESANT NAGARPBB ANNA SALAIPBB INDIRA NAGARPBB ANNA NAGARTIDEL PARK CHENNAINRI BRANCH, ANNA NAGARPBB T.NAGARMICR CP CENTRESAMB, CHENNAIFUNDS SETTLEMENT LINK OFFICE - CHENNAISPL SSI BRANCH EKKADUTHANGALSIRUTHOZIL, AMBATTURLHO, CHENNAIANNA NAGAR WEST CHENNAIMFL MANALI, CHENNAINANGANALLURELEPHANT GATE, CHENNAIC I T NAGARTONDIARPETSIDCO AMBATTUR, CHENNAIVIVEKANAND HOUSEBESANT NAGAR, CHENNAIAMINJIKARAITHOUSAND LIGHTSWORLD UNIVERSITY SERVICE CENTRESAIDAPET BAZAR, CHENNAIROYAPURAM, CHENNAIPERIAMET CHENNAIPERAMBURPALLAVARAMVALLUVARKOTTAMNANDAMBAKKAM, CHENNAIMADRAS UNIVERSITYMRL MANALIAYANAVARAM, CHENNAIAVADIANNA NAGAR, CHENNAIALWARPET, CHENNAIALANDUR, CHENNAIAFS, TAMBARAMAIR FORCE STATION, AVADITIRUVANMIYURASHOK NAGARPARK TOWNR A PURAM CHENNAIMANDAVELIKILPAUK, CHENNAICHETPUT, CHENNAINEW WASHERMANPET, CHENNAIROYAPETTAHTEYNAMPETWEST MAMBALAMMANNADY, CHENNAIKOTTURVELLORE TOWNTIRUVOTTIYUREGMORE,CHENNAIPURASAWALKAMMINT TERMINUS, CHENNAIKODAMBAKKAMNUNGAMBAKKAMADYARIIT, MADRASTHYAGARAYA NAGARSOWCARPET, CHENNAIAMBATTURMYLAPOREGOPALAPURAMGUINDYSAIDAPETANNASALAICHENNAI MAINAMBATTUR INDUSTRIAL ESTATE CHENNAITRIPLICANE
ABOUT RBL Bank Limited, CHENNAI, Tamil Nadu

RBL Bank (Ratnakar Bank Limited) is one of the fastest growing private sector banks in India, headquartered in Mumbai, Maharashtra. Established in August 9, currently the bank operates through a network of branches, 99 banking outlets and 9 ATMs spread across 0 Indian states and union territories. In August 99, the bank obtained Scheduled Commercial Bank status. It is listed on both BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).

Bank Details
Product

Corporate & Institutional Banking Commercial Banking Branch & Business Banking Agri Business Banking Development Banking and Financial Inclusion Treasury and Financial Markets Operations Savings accounts Current accounts Fixed deposits

Insurance

Life Insurance General Insurance Health Insurance

Banking

SMS Banking Online Banking Mobile/Phone Banking

Popular Product

Corporate & Institutional Banking Commercial Banking Branch & Business Banking Agri Business Banking Development Banking and Financial Inclusion Treasury and Financial Markets Operations Savings accounts Current accounts Fixed deposits

Loans

Home loans Personal loans Business loans Education loans Auto loans Loans against property Overdrafts against property Loans against deposits Gold metal loans Working capital finance

Cards

Mastercard Credit Card

ABOUT YES BANK, CHENNAI, Tamil Nadu

Yes Bank Limited is India’s fourth largest private sector bank headquartered in Mumbai, Maharashtra, India. Established in 00, the bank primarily operates as a corporate bank, with retail banking and asset management as subsidiary functions. As of March, 08, the bank had a network of ,00 branches; national operating centers; and ,7 ATMs and bunch note acceptors.

Bank Details
Product

The bank also offers retail banking solutions such as personal, secured business, home, construction equipment, car, super bike, commercial vehicle, gold loans, and loans against securities; business banking services to micro, small, and medium enterprises; and health care and printing equipment finance.

Banking

Working capital finance Term loans Corporate finance Liquidity management Salary account Fixed deposit account Savings account Ordinary account

Loans

Personal loan Secured business loan Home loan Construction equipment loan Car loan Super bike loan Commercial vehicle loan Gold loans Loans against securities MSME Loan Health care equipment finance Printing equipment finance

ABOUT PUNJAB NATIONAL BANK, CHENNAI, Tamil Nadu

Punjab National Bank (PNB) is an Indian multinational banking and financial services company. Established in 89, it is state-owned bank. Headquartered in New Delhi, India, the bank operates through a network of zonal offices, 7 circle offices, 98 branches, and 98 ATMs. PNB also operates a banking subsidiary in the UK, as well as branches in Hong Kong, Kowloon, Dubai and Kabul and representative offices in in Almaty (Kazakhstan), Dubai (UAE), Shanghai (China), Oslo(Norway), and Sydney (Australia). PNB and other major commercial banks were nationalized on 9 July 99.

Bank Details
Product

Saving deposit accounts Current accounts Fixed deposit Capital gain account schemes Corporate banking products Working capital financing

Insurance

Life Insurance Fire Insurance Theft Insurance Health Insurance Travel Insurance Household goods & Accidental insurance

Banking

Net Banking Mobile Banking SMS Banking

Popular Product

Saving deposit accounts Current accounts Fixed deposit Capital gain account schemes Corporate banking products Working capital financing

Loans

Housing loan Car and two wheeler loan Personal loan Professional loan Education loan Mortgage loans MSME Loan Term loans Loan against future lease rentals

Cards

Rupay Credit Card Rupay Debit Card Visa Credit Card Visa Debit Card Mastercard Debit Card Mastercard Credit Card Prepaid Cards

Helpline Number
+91-11-23978046
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