Check minimum income required for a ₹30 Lakh business loan. EMI starts ₹64,111/month. Compare 28+ banks.
To get a ₹30 Lakh business loan, you need a minimum monthly income of approximately ₹1,60,278 (at the lowest rate of 10.25% for 5 years, assuming no existing EMIs).
| Bank | Rate | Monthly EMI | Min Income Required | Processing Fee |
|---|---|---|---|---|
| Tata Capital | 13.00 - 20.00% | ₹68,259 | ₹1,51,687/mo | 2% + GST |
| Bank of Baroda | 10.25 - 14.65% | ₹64,111 | ₹1,52,646/mo | 1% of loan amount + GST |
| Canara Bank | 10.85 - 14.85% | ₹65,003 | ₹1,54,770/mo | 1% + GST |
| Bajaj Finserv | 14.00 - 26.00% | ₹69,805 | ₹1,55,123/mo | Up to 3.50% |
| L&T Finance | 14.00 - 22.00% | ₹69,805 | ₹1,55,123/mo | 2% + GST |
| SBI | 11.00 - 14.75% | ₹65,227 | ₹1,55,303/mo | 1% of loan amount + GST |
| Union Bank | 11.00 - 14.00% | ₹65,227 | ₹1,55,303/mo | 1% + GST |
| Indian Bank | 11.15 - 13.65% | ₹65,452 | ₹1,55,839/mo | 1% + GST |
| Bank of India | 11.25 - 14.75% | ₹65,602 | ₹1,56,196/mo | 1% + GST |
| Mahindra Finance | 14.50 - 22.00% | ₹70,585 | ₹1,56,856/mo | 2% + GST |
| PNB | 11.50 - 14.50% | ₹65,978 | ₹1,57,091/mo | 1% + GST |
| IDBI Bank | 11.50 - 14.00% | ₹65,978 | ₹1,57,091/mo | 1% + GST |
| Central Bank | 11.50 - 14.50% | ₹65,978 | ₹1,57,091/mo | 1% + GST |
| Muthoot Finance | 15.00 - 24.00% | ₹71,370 | ₹1,58,600/mo | 2% + GST |
| Piramal Finance | 15.00 - 24.00% | ₹71,370 | ₹1,58,600/mo | 2% + GST |
| Hero FinCorp | 15.00 - 22.00% | ₹71,370 | ₹1,58,600/mo | 2% + GST |
| Manappuram Finance | 16.00 - 26.00% | ₹72,954 | ₹1,62,120/mo | 2.50% + GST |
| HDFC Bank | 11.50 - 18.00% | ₹65,978 | ₹1,64,945/mo | Up to 2% of loan amount |
| South Indian Bank | 11.50 - 15.00% | ₹65,978 | ₹1,64,945/mo | 1% + GST |
| Federal Bank | 12.00 - 16.50% | ₹66,733 | ₹1,66,833/mo | 1.50% + GST |
| Karur Vysya Bank | 12.00 - 16.00% | ₹66,733 | ₹1,66,833/mo | 1% + GST |
| IDFC First Bank | 12.50 - 22.00% | ₹67,494 | ₹1,68,735/mo | 2% + GST |
| ICICI Bank | 13.50 - 19.00% | ₹69,030 | ₹1,72,575/mo | Up to 2.50% |
| Yes Bank | 13.50 - 20.00% | ₹69,030 | ₹1,72,575/mo | 2% + GST |
| Kotak Mahindra Bank | 14.00 - 19.99% | ₹69,805 | ₹1,74,513/mo | 2.50% of loan amount |
| IndusInd Bank | 14.00 - 22.00% | ₹69,805 | ₹1,74,513/mo | 2% + GST |
| Axis Bank | 14.25 - 19.20% | ₹70,194 | ₹1,75,485/mo | 2% of loan amount |
| Bandhan Bank | 14.50 - 20.00% | ₹70,585 | ₹1,76,463/mo | 2% + GST |
The EMI for ₹30 Lakh business loan at 10.25% for 5 years is approximately ₹64,111 per month.
You need a minimum monthly income of approximately ₹1,60,278 for a ₹30 Lakh business loan at 10.25% interest rate (assuming no existing EMIs and 40% FOIR).
The lowest interest rate for ₹30 Lakh business loan starts from 10.25% p.a. in 2026. Compare all banks above.
With a ₹30,000 monthly salary and no existing EMIs, your maximum business loan eligibility at 10.25% for 5 years is approximately ₹5.62 L.
The total interest on ₹30 Lakh business loan at 10.25% for 5 years is approximately ₹8.47 L.