Rastriya Banijya Bank Business Loan interest rate 2083
Rastriya Banijya Bank Business Loan: effective rate 8.63%, EMI from Rs. 20,579 per month. Compare with 19 other banks.
#2 / 20 banksAwaiting verificationEffective from 1 Bhadra 2083
Rate breakdown
Base rate
5.86%
Premium
2.77%–4%
Effective rate
8.63%–9.86%
Fixed
Not offered
- Processing fee
- 1% (Min Rs. 5,000)
- Prepayment penalty
- 1.42%
- 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
Rastriya Banijya Bank Business Loan FAQ
What is Rastriya Banijya Bank's current Business Loan interest rate?+
Rastriya Banijya Bank's Business Loan floating rate is base rate 5.86% plus a premium of 2.77% to 4%, giving 8.63% to 9.86% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Business Loan from Rastriya Banijya Bank?+
At 8.63% over 60 months, the EMI is roughly Rs. 20,579. Use the calculator above to change the amount or tenure.
Can I prepay a Rastriya Banijya Bank Business Loan?+
Yes. The published prepayment charge is 1.42% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.