List of 5 Top Business Loan Providers in Delhi


Apart from being the national capital, Delhi is also a major business hub of India. There are all types of business establishments, headquarters, and offices here, including manufacturing, trading, and service providers.



Earlier, businesses across the country relied primarily on their own sources for funding. Now, whether it is a new company or an established entity in Delhi or a Tier III city, a preferred financing option available is applying for a Business Loan through a preferred lending partner. The applicants can even pre-calculate and analyze the priorities and requirements before meeting various lenders. Thanks to the rapidly booming start-up culture and aspiring entrepreneurs coming up with new ideas all across, we have seen a host of lenders catering to the credit requirements of all types of businesses.
The rapid need for business finance has indeed resulted in easily accessible credit facilities for business projects. Here are some of the most reliable business loan providers in Delhi that you must consider for your business expansion requirements:

  1. HDFC Business Loan
    One of the most popular HDFC Business Loansis the HDFC business Growth Loan. Herein, HDFC Bank offers unsecured business loans up to Rs. 50 Lakhs for a variety of business requirements. Other features include overdraft facility, flexible repayment tenor of up to 48 months, attractive interest rates starting from 15.75%, and low processing fee starting from 0.99% of the loan amount. You can also avail the benefit of insurance cover. This feature protects the family by paying off the loan amount in case of an unforeseen event or accidental death of the borrower. Minimal documentation and quick processing make HDFC Business Loans an option worthy of your consideration.
  1. SBI Business Loan
    The Simplified Small Business Loan by SBI is meant to help the businesses acquire assets and equipment according to their requirements. The SBI Business Loan comes with some attractive features such as Dropline Overdraft Facility; easy eligibility criteria for all business units, self-employed, trade or professional individuals; flexible repayment tenor up to 60 months; and attractive interest rates. All charges like processing fees, documentation charges, inspection charges and remittance charges are consolidated and amount to around Rs. 7,500. To be eligible for the SBI Business Loan, you must meet the following criteria:
  • The existing entity in business for at least the last five years and operating in the same locality.
  • Must be a current account owner at any bank for a minimum of two years and have a minimum average monthly balance of more than Rs 1 Lakh for the last 12 months in the current account.
  • Must be the owner of the premises or have a valid tenant agreement with the owner.
  • Must have GST registration and have filed the returns on time.
  1. Bajaj Finserv Business Loan:
    Bajaj Finserv offers Unsecured Business Loans up to Rs.30 Lakhs for its customers within 24 hours of receiving the application. Some of the standout features of Bajaj Finserv Business Loan are easy eligibility criteria, no need for collateral, pre-approved offers, online account access, etc.Flexi Loan Facility is a unique feature of the Bajaj Finserv Business Loan. It allows you to draw only that much amount which you need based on your requirements while parking the rest in the loan account. It doesn’t incur any interest or prepayment charges.You would get an option to pay only interest as the EMI and then repay the principal amount at the end of the tenor, or anytime during the repayment tenor. This way, interest is charged only on the amount used and helps you lower your EMIs by up to 45%. Other features of Bajaj Finserv Business Loan include no hidden charges, hassle-free experience with minimum documentation, affordable interest rates starting @ 18% per annum, processing charges @ 2%, easy eligibility criteria, and quick approvals.
  1. ICICI Business Loans
    ICICI Bank offers collateral-free Business Loans that are customized for SMEs. ICICI Business Loans allow small businesses with easy access to credit for various requirements based on an assessment of their future cash flows. ICICI Bank offers a variety of business credit facilities like overdraft for meeting financial needs, export credit to provide pre and post-shipment finance along with a letter of credit, bank guarantee for meeting obligations, term loans for the purchase of commercial and business expansion, flexible collateral options in terms of industrial, commercial and residential securities. The maximum amount available can go up to Rs 2 crores (under CGTMSE) with a flexible repayment tenor of up to 7 years and no foreclosure charges.
  1. Tata Capital Business Loan
    Tata Capital offers unsecured Business Loans for a wide range of business needs of modern-day entrepreneurs. You can be assured of hassle-free funding with flexible repayment options. The maximum loan amount available ranges from Rs. 5 Lakhs to Rs. 75 Lakhs along with a repayment tenor of up to 36 months. The interest rates start from as low as 19% per annum and come with structured EMI options. The Tata Capital Business Loan can be entirely customised based on your requirements.Under its Business Loans product category, Tata Capital offers three types of loans i.e., Machinery Loan, Working Capital loan, and MSME- Micro, Small, and Medium Enterprises Loan.The lender also promises a high eligibility amount even when other companies may not offer the credit facility to the borrower. The process includes filling the application online, submitting documents followed by verification, approval, and disbursal. Usually, it only takes a few working days for the business loan application to be approved.

In all, all these are great options for collateral-free business loans in Delhi. You must first assess your requirements, choose the right type of the loan, and the lender before making the final decision.