100% Free

Business Loan Eligibility Calculator

Check your business loan eligibility from 28+ banks. Compare rates from 10.25% p.a. Free online calculator.

1
Your Details
%
2
Eligibility Results
Maximum Eligible Loan
₹ 0
Monthly EMI
₹ 0
Total Interest
₹ 0
Total Payment
₹ 0
Monthly Income
₹ 0
Existing EMIs
₹ 0
0%
New Loan EMI
₹ 0
0%
Remaining Income
₹ 0
0%

Business Loan Eligibility Criteria 2026

Business Loan eligibility depends on your monthly income, existing obligations, credit score, age, and employment type. Banks use FOIR (Fixed Obligation to Income Ratio) of around 40% to determine your maximum EMI capacity.

BankRateMax AmountEligible (50K Income)Eligible (1L Income)Processing Fee
Bank of Baroda10.25 - 14.65%₹5 Cr₹9,82,674₹19,65,3481% of loan amount + GST
Canara Bank10.85 - 14.85%₹2.50 Cr₹9,69,185₹19,38,3701% + GST
SBI11.00 - 14.75%₹5 Cr₹9,65,854₹19,31,7071% of loan amount + GST
Union Bank11.00 - 14.00%₹2.50 Cr₹9,65,854₹19,31,7071% + GST
Indian Bank11.15 - 13.65%₹2.50 Cr₹9,62,539₹19,25,0771% + GST
Bank of India11.25 - 14.75%₹2.50 Cr₹9,60,338₹19,20,6751% + GST
HDFC Bank11.50 - 18.00%₹5 Cr₹9,09,396₹18,18,793Up to 2% of loan amount
PNB11.50 - 14.50%₹2.50 Cr₹9,54,866₹19,09,7331% + GST
IDBI Bank11.50 - 14.00%₹2.50 Cr₹9,54,866₹19,09,7331% + GST
Central Bank11.50 - 14.50%₹1 Cr₹9,54,866₹19,09,7331% + GST
South Indian Bank11.50 - 15.00%₹2.50 Cr₹9,09,396₹18,18,7931% + GST
Federal Bank12.00 - 16.50%₹2.50 Cr₹8,99,101₹17,98,2021.50% + GST
Karur Vysya Bank12.00 - 16.00%₹2.50 Cr₹8,99,101₹17,98,2021% + GST
IDFC First Bank12.50 - 22.00%₹3 Cr₹8,88,970₹17,77,9412% + GST
Tata Capital13.00 - 20.00%₹5 Cr₹9,88,877₹19,77,7552% + GST
ICICI Bank13.50 - 19.00%₹4 Cr₹8,69,193₹17,38,386Up to 2.50%
Yes Bank13.50 - 20.00%₹5 Cr₹8,69,193₹17,38,3862% + GST
Kotak Mahindra Bank14.00 - 19.99%₹7.50 Cr₹8,59,540₹17,19,0812.50% of loan amount
IndusInd Bank14.00 - 22.00%₹3 Cr₹8,59,540₹17,19,0812% + GST
Bajaj Finserv14.00 - 26.00%₹5 Cr₹9,66,983₹19,33,966Up to 3.50%
L&T Finance14.00 - 22.00%₹2 Cr₹9,66,983₹19,33,9662% + GST
Axis Bank14.25 - 19.20%₹5 Cr₹8,54,772₹17,09,5432% of loan amount
Bandhan Bank14.50 - 20.00%₹1 Cr₹8,50,041₹17,00,0822% + GST
Mahindra Finance14.50 - 22.00%₹2 Cr₹9,56,296₹19,12,5922% + GST
Muthoot Finance15.00 - 24.00%₹50 L₹9,45,778₹18,91,5572% + GST
Piramal Finance15.00 - 24.00%₹2 Cr₹9,45,778₹18,91,5572% + GST
Hero FinCorp15.00 - 22.00%₹2.50 Cr₹9,45,778₹18,91,5572% + GST
Manappuram Finance16.00 - 26.00%₹50 L₹9,25,238₹18,50,4772.50% + GST

Documents Required for Business Loan

Business Loan Eligibility Tips

How to Apply for Business Loan

  1. Prepare a detailed business plan or project report
  2. Check eligibility and compare offers
  3. Submit application with business and financial documents
  4. Bank evaluates business viability and credit history
  5. Collateral valuation (if applicable)
  6. Sanction and agreement signing
  7. Loan disbursement to business account

Frequently Asked Questions

What is Business Loan eligibility?

Business Loan eligibility is the maximum loan amount a bank will approve for you based on your income, existing obligations, credit score, age, and employment type. Banks use a metric called FOIR (Fixed Obligation to Income Ratio) to determine how much EMI you can afford.

Which bank has the lowest business loan interest rate in 2026?

Bank of Baroda currently offers the lowest business loan interest rate starting from 10.25% p.a. in 2026. Rates vary based on your credit score and profile.

How is business loan eligibility calculated?

Eligibility is calculated using the FOIR method. Banks typically allow 40% of your gross monthly income for all EMI payments. After deducting existing EMIs, the remaining amount determines your maximum new EMI, which is then converted to the maximum loan amount using the interest rate and tenure.

What documents are required for a business loan?

Common documents include PAN Card, Aadhaar Card, Business Registration / GST Certificate, ITR (last 3 years), and more. Exact requirements vary by bank and your employment type.

How can I increase my business loan eligibility?

You can increase your eligibility by: clearing existing loans, adding a co-applicant, improving your credit score to 750+, choosing a longer tenure, and showing higher income with proper documentation.