Agricultural Development Bank Business Loan interest rate 2083
Agricultural Development Bank Business Loan: effective rate 9.6%, EMI from Rs. 21,051 per month. Compare with 19 other banks.
#12 / 20 banksAwaiting verificationEffective from 1 Bhadra 2083
Rate breakdown
Base rate
6.77%
Premium
2.83%–3.37%
Effective rate
9.6%–10.14%
Fixed
11.1%–12.14%
- Processing fee
- 1% (Min Rs. 5,000)
- Prepayment penalty
- 0.8%
- Loan amount
- Rs. 5 Lakh – Rs. 10 Cr
- Tenure
- 12 – 120 months
- Max financing
- 6%
- Age
- 21 – 65 years
Highlights
- Working capital and term loan
- SME subsidised schemes
- Overdraft option
Who is eligible
Registered firm with PAN/VAT and 1 year audited or tax-filed accounts.
Documents you will need
- Citizenship certificate (copy)
- 2 passport-size photos
- Latest 6 months bank statement
- PAN card
- Business plan or projection
- Collateral papers
Agricultural Development Bank Business Loan FAQ
What is Agricultural Development Bank's current Business Loan interest rate?+
Agricultural Development Bank's Business Loan floating rate is base rate 6.77% plus a premium of 2.83% to 3.37%, giving 9.6% to 10.14% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Business Loan from Agricultural Development Bank?+
At 9.6% over 60 months, the EMI is roughly Rs. 21,051. Use the calculator above to change the amount or tenure.
Can I prepay a Agricultural Development Bank Business Loan?+
Yes. The published prepayment charge is 0.8% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.