NIC Asia Bank Business Loan interest rate 2083
NIC Asia Bank Business Loan: effective rate 9.98%, EMI from Rs. 21,237 per month. Compare with 19 other banks.
#17 / 20 banksAwaiting verificationEffective from 1 Bhadra 2083
Rate breakdown
Base rate
7.05%
Premium
2.93%–4.15%
Effective rate
9.98%–11.2%
Fixed
11.48%–13.2%
- Processing fee
- 1% (Min Rs. 5,000)
- Prepayment penalty
- 1.32%
- 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
NIC Asia Bank Business Loan FAQ
What is NIC Asia Bank's current Business Loan interest rate?+
NIC Asia Bank's Business Loan floating rate is base rate 7.05% plus a premium of 2.93% to 4.15%, giving 9.98% to 11.2% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Business Loan from NIC Asia Bank?+
At 9.98% over 60 months, the EMI is roughly Rs. 21,237. Use the calculator above to change the amount or tenure.
Can I prepay a NIC Asia Bank Business Loan?+
Yes. The published prepayment charge is 1.32% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.