In Kolkata, applicants usually weigh local employment patterns and lender coverage. Rates are indicative — the sanction letter is final.
Term loans for proprietors, partnerships and companies — inventory, equipment or expansion.
Business loans fund working capital or fixed assets. Lenders look at GST turnover, banking conduct, promoter CIBIL and business vintage.
Unsecured tickets and MSME scheme-linked products are both common in Barasat NCR for eligible units.
Applicants in Barasat and the wider NCR are covered by most large banks and NBFCs, subject to PIN-code serviceability. Final rates and amounts depend on your profile.
| Bank / NBFC | Interest Rate | Loan Amount | Tenure | Processing Fee | |
|---|---|---|---|---|---|
| SBI | ~9.00%–14.00% p.a. | ₹50,000 – ₹5 Cr | 12 – 84 months | 0.50%–2.00% | Apply |
| Bank of Baroda | ~9.25%–14.50% p.a. | ₹1 Lakh – ₹5 Cr | 12 – 84 months | 0.50%–2.00% | Apply |
| Yes Bank | ~11.50%–18.00% p.a. | ₹1 Lakh – ₹2 Cr | 12 – 60 months | Up to 2.00% | Apply |
| IndusInd Bank | ~12.00%–19.00% p.a. | ₹1 Lakh – ₹1 Cr | 12 – 48 months | Up to 2.50% | Apply |
| SIDBI | ~9.50%–13.00% p.a. | ₹10 Lakh – ₹2 Cr | 12 – 60 months | 0.50%–1.50% | Apply |
| Tata Capital | ~13.00%–22.00% p.a. | ₹1 Lakh – ₹50 Lakh | 12 – 60 months | Up to 3.00% | Apply |
| HDFC Bank | ~11.00%–18.00% p.a. | ₹50,000 – ₹50 Lakh | 12 – 60 months | Up to 2.50% | Apply |
| Bajaj Finance | ~14.00%–28.00% p.a. | ₹1 Lakh – ₹45 Lakh | 12 – 84 months | Up to 4.00% | Apply |
Rates and limits are indicative only (not an offer). Final terms are set by the lender.
*Indicative ranges for comparison. Final offer depends on profile and lender at sanction.
| Entity type | Proprietor, partnership, private limited or LLP |
|---|---|
| Promoter age | Typically 21 – 65 years |
| Business vintage | Usually minimum 1 – 3 years continuous operations |
| Turnover | Often minimum ₹10 Lakh – ₹40 Lakh annual (product specific) |
| Promoter CIBIL | 700+ preferred; 750+ stronger for unsecured tickets |
| Banking | Active current account; clean 6–12 month statements |
| Udyam / GST | Preferred for MSME-labelled products |
*Product-specific criteria for Business Loan. Final decision rests with the lender.
| Promoter KYC | PAN, Aadhaar of all applicants |
|---|---|
| Business proof | Udyam, GST certificate, partnership deed / COI |
| Financials | ITR 2 years; audited accounts if turnover requires |
| Banking | 6–12 months current account statements |
| Use of funds | Quotations for machinery or brief project note for larger tickets |
Not for all products — unsecured limits exist; larger tickets may need security.
Often preferred for MSME-labelled credit.
Commonly 1–3 years; some NBFC products allow shorter history.
Yes — regular GST filings improve underwriting confidence.
Limited options; banks are stricter than some NBFCs.
Yes.
A few days to 2–3 weeks depending on file completeness.
WC for operations; term loan for assets/expansion.
Yes for most unsecured business loans.
See Business Loan.
Also read: Business Loan (national guide)
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