Himalayan Bank Business Loan interest rate 2083
Himalayan Bank's business loan is priced at 5.53%–9.03% effective in Shrawan 2083: a 5.03% base rate plus a 0.5%–4% premium. That ranks 5th cheapest of the 19 commercial banks we track for this product. On Rs. 10 Lakh over 60 months the EMI is about Rs. 19,115, plus a 1% processing fee.
- Effective rate
- 5.53% – 9.03%
- Base rate
- 5.03%
- Premium
- 0.5% – 4%
- Processing fee
- 1%
- Maximum tenure
- 120 months
- Maximum loan-to-value
- 60%
- Rank by rate
- 5 / 19
- Rates effective
- Shrawan 2083
Effective from: 1 Shrawan 2083Source: himalayanbank.com/en/rates/loan-products-rates
Himalayan Bank Business Loan: effective rate 5.53%, EMI from Rs. 19,115 per month. Compare with 18 other banks.
Rate breakdown
Base rate
5.03%
Premium
0.5%–4%
Effective rate
5.53%–9.03%
Fixed
Not published
- Processing fee
- 1% (Min Rs. 5,000)
- Prepayment penalty
- 1.67%
- 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
Himalayan Bank Business Loan FAQ
What is Himalayan Bank's current Business Loan interest rate?+
Himalayan Bank's Business Loan floating rate is base rate 5.03% plus a premium of 0.5% to 4%, giving 5.53% to 9.03% effective from Shrawan 2083.
What is the EMI on a Rs. 10 Lakh Business Loan from Himalayan Bank?+
At 5.53% over 60 months, the EMI is roughly Rs. 19,115. Use the calculator above to change the amount or tenure.
Can I prepay a Himalayan Bank Business Loan?+
Yes. The published prepayment charge is 1.67% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.
