Laxmi Sunrise Bank Business Loan interest rate 2083
Laxmi Sunrise Bank's business loan is priced at 5.94%–7.94% effective in Shrawan 2083: a 4.94% base rate plus a 1%–3% premium. That ranks 9th cheapest of the 19 commercial banks we track for this product. On Rs. 10 Lakh over 60 months the EMI is about Rs. 19,305, plus a 1% processing fee.
- Effective rate
- 5.94% – 7.94%
- Base rate
- 4.94%
- Premium
- 1% – 3%
- Processing fee
- 1%
- Maximum tenure
- 120 months
- Maximum loan-to-value
- 60%
- Rank by rate
- 9 / 19
- Rates effective
- Shrawan 2083
Effective from: 1 Shrawan 2083Source: www.laxmisunrise.com/rates/interest-rates/
Laxmi Sunrise Bank Business Loan: effective rate 5.94%, EMI from Rs. 19,305 per month. Compare with 18 other banks.
Rate breakdown
Base rate
4.94%
Premium
1%–3%
Effective rate
5.94%–7.94%
Fixed
7.49%–10.99%
- Processing fee
- 1% (Min Rs. 5,000)
- Prepayment penalty
- 0.97%
- Fixed-rate terms
- Term loans, tenure up to 15 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
Laxmi Sunrise Bank Business Loan FAQ
What is Laxmi Sunrise Bank's current Business Loan interest rate?+
Laxmi Sunrise Bank's Business Loan floating rate is base rate 4.94% plus a premium of 1% to 3%, giving 5.94% to 7.94% effective from Shrawan 2083.
What is the EMI on a Rs. 10 Lakh Business Loan from Laxmi Sunrise Bank?+
At 5.94% over 60 months, the EMI is roughly Rs. 19,305. Use the calculator above to change the amount or tenure.
Can I prepay a Laxmi Sunrise Bank Business Loan?+
Yes. The published prepayment charge is 0.97% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.
