Some of the top banks that give business loans easily are mentioned below along with the business loan type offered:

Here are the key features of each of the loans mentioned above:

  • HDFC Bank Business Growth Loans
    • HDFC Bank offers business loans up to Rs. 40 Lakhs without any collateral, guarantor, or security.
    • This loan is meant for self-employed individuals, proprietors, partnership firms and companies doing business of manufacturing, services, or trading.
  • Citi Banks Business Loans
    • These business loans are designed to offer efficient working capital management. The bank offers multiple MSME Loan Products such as Working Capital Loans, Overdrafts, Short and Long Term Loans, Import and Export Finance that help in meeting various financing requirements and fuel the business growth.
  • IDFC First Bank Business Loans
    • This loan helps businesses with equipment purchases, business upgrades or any other business needs. 
    • This loan has to be paid back in equal instalments with fixed monthly intervals. 
  • ICICI Bank Business Loans
    • This business loan can be availed for working capital requirements as a term loan or composite loan. 
    • The maximum tenure of this business loan is 7 years.
  • SBI Simplified Small Business Loan
    • This facility is for MSME businesses.
    • The main objective of this loan is to help small businesses in current asset and fixed asset investments.

With multiple banks in India offering various business loans, an applicant can choose the best option from the available offers.