Turn Your Business
Dream into Reality!

Business Loan Interest Rate

If you're looking to start your own business or need funding to expand your existing operations, consider the Lending Spheres business loan. This loan is designed specifically for entrepreneurs seeking startup capital or funds to purchase machinery and boost production. With competitive interest rates and the advantage of borrowing without pledging any assets (also known as a Loan Against Property), you can secure financing that fits your needs. Keep in mind that, like all loans, this will involve repayment with added interest over a specified period.

• Bank/NBFC/Fintech
  Interest Rates
• HDFC Bank
  10.75% – 22.50% p.a.
• ICICI Bank
  Up to 36% p.a.
• Axis Bank
  1% per month onwards
• FlexiLoans
  Up to 17% p.a.
• Tata Capital Finance
  17.15% p.a. onwards
• ZipLoan
  1.5% per month onwards
• Lendingkart Finance
  16% p.a. onwards
• IIFL Finance
  1.25% per month onwards
• NeoGrowth Finance
  12% p.a. onwards

Startup loans and business loans share similarities, but they serve different purposes. As the name implies, startup loans are designed for individuals looking to launch their own businesses and seeking initial investment. In contrast, business loans encompass a broader range, including funding for startups as well as established businesses looking to expand.

With a vibrant startup ecosystem in India, Lending Spheres offers startup loans specifically tailored for new ventures. These loans provide essential capital to help you get started or grow your existing business. Alternatively, you can consider a personal loan to meet your funding needs. Whether you're starting fresh or expanding your operations, Lending Spheres is here to support your entrepreneurial journey.

Business Loan Products

Achieve all your goals and aspirations with the support you need, exactly when you need it.

Working Capital Loan

Companies utilize working capital loans to address their daily business needs, including purchasing machinery and equipment, managing cash flow, and acquiring raw materials.

Term Loan

A term loan is a type of loan that requires repayment in regular installments over a designated period. Term loans are typically classified into two categories: short-term loans and long-term loans.

Overdraft Loan

An overdraft is a financing option provided by a bank that allows account holders to withdraw cash even when their account balance is zero.

Equipment Finance

Equipment financing, also known as a machinery loan, is a financing option available to borrowers for purchasing new equipment or machinery, or for upgrading their existing assets.

Startup Loan

Startup loans are specifically designed to assist new businesses in meeting various financial needs, such as capital investment and infrastructure development. These loans provide essential funding to help entrepreneurs cover initial expenses, launch their operations, and navigate the challenges associated with starting a business.

Letter of Credit

A Letter of Credit (LC) is a financial instrument issued by a bank that guarantees payment to a seller upon meeting specific conditions, making it a crucial tool in international trade. Unlike a credit limit, which simply indicates the maximum amount a borrower can access on credit, a Letter of Credit provides a financing guarantee from the bank to the seller, ensuring that payment will be made once the agreed-upon terms are fulfilled.
Letters of Credit are particularly important in transactions where the reliability of the contracting parties cannot be easily verified. They mitigate risks associated with international trade by involving banks as intermediaries, thereby assuring sellers that they will receive payment even if the buyer defaults. The process typically involves the buyer requesting their bank to issue an LC after negotiating a sales contract, which then obligates the bank to pay the seller's bank upon receipt of the necessary documentation confirming that the goods have been shipped