Siddhartha Bank Business Loan interest rate 2083
Siddhartha Bank's business loan is priced at 7.84% effective in Bhadra 2083: a 4.84% base rate plus a 3% premium. That ranks 17th cheapest of the 19 commercial banks we track for this product. On Rs. 10 Lakh over 60 months the EMI is about Rs. 20,200, plus a 1% processing fee.
- Effective rate
- 7.84%
- Base rate
- 4.84%
- Premium
- 3%
- Processing fee
- 1%
- Maximum tenure
- 120 months
- Maximum loan-to-value
- 60%
- Rank by rate
- 17 / 19
- Rates effective
- Bhadra 2083
Effective from: 1 Bhadra 2083Source: www.siddharthabank.com/interest-rates
Siddhartha Bank Business Loan: effective rate 7.84%, EMI from Rs. 20,200 per month. Compare with 18 other banks.
Rate breakdown
Base rate
4.84%
Premium
3%
Effective rate
7.84%
Fixed
8%–9.25%
- Processing fee
- 1% (Min Rs. 5,000)
- Prepayment penalty
- 1.85%
- Fixed-rate terms
- Non-individual term loans: up to 5 yrs 8.00–8.50% · 5–10 yrs 8.75–8.99% · 10–15 yrs 9.00–9.25%
- 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
Siddhartha Bank Business Loan FAQ
What is Siddhartha Bank's current Business Loan interest rate?+
Siddhartha Bank's Business Loan floating rate is base rate 4.84% plus a premium of 3% to 3%, giving 7.84% to 7.84% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Business Loan from Siddhartha Bank?+
At 7.84% over 60 months, the EMI is roughly Rs. 20,200. Use the calculator above to change the amount or tenure.
Can I prepay a Siddhartha Bank Business Loan?+
Yes. The published prepayment charge is 1.85% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.
