Business Loan Interest Rate: Banks vs NBFCs vs Fintech Table
Quick answer: No single lender type always wins. Banks usually offer the lowest interest rate for business loan borrowers, often from around 9–16% p.a., but they are slower and stricter. NBFCs and fintech lenders charge more, roughly 14–30% p.a., yet they approve and disburse far faster. Match the lender to your need. In this guide: