Everest Bank Business Loan interest rate 2083
Everest Bank's business loan is priced at 5.13%–7.13% effective in Bhadra 2083: a 4.13% base rate plus a 1%–3% premium. That ranks 2nd cheapest of the 19 commercial banks we track for this product. On Rs. 10 Lakh over 60 months the EMI is about Rs. 18,931, plus a 1% processing fee.
- Effective rate
- 5.13% – 7.13%
- Base rate
- 4.13%
- Premium
- 1% – 3%
- Processing fee
- 1%
- Maximum tenure
- 120 months
- Maximum loan-to-value
- 60%
- Rank by rate
- 2 / 19
- Rates effective
- Bhadra 2083
Effective from: 1 Bhadra 2083Source: everestbankltd.com/supports/interest-and-rates/interest-rates-loans-and-advances/
Everest Bank Business Loan: effective rate 5.13%, EMI from Rs. 18,931 per month. Compare with 18 other banks.
Rate breakdown
Base rate
4.13%
Premium
1%–3%
Effective rate
5.13%–7.13%
Fixed
7%
- Processing fee
- 1% (Min Rs. 5,000)
- Prepayment penalty
- 1.94%
- Fixed-rate terms
- SME term loans, up to 5 years
- Loan amount
- Rs. 5 Lakh – Rs. 10 Cr
- Tenure
- 12 – 120 months
- Max financing
- 60%
- 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
Everest Bank Business Loan FAQ
What is Everest Bank's current Business Loan interest rate?+
Everest Bank's Business Loan floating rate is base rate 4.13% plus a premium of 1% to 3%, giving 5.13% to 7.13% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Business Loan from Everest Bank?+
At 5.13% over 60 months, the EMI is roughly Rs. 18,931. Use the calculator above to change the amount or tenure.
Can I prepay a Everest Bank Business Loan?+
Yes. The published prepayment charge is 1.94% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.
