SME Loan Interest Rate and Charges
Every business owner deserves transparent and affordable financing. At Rohini Financial Services, we ensure that our clients get the most competitive SME Loan interest rates and a clear breakdown of all applicable charges — with no hidden costs.
SME Loan Interest Rates
Interest rates for SME Loans depend on various factors such as business turnover, credit profile, loan amount, and repayment capacity. We work with top banks and NBFCs to get you the best possible rates for your business.
| Loan Type | Interest Rate (Approx.) | Loan Amount Range | Tenure |
|---|---|---|---|
| Working Capital Loan | 10.50% – 14.00% p.a. | ₹2 Lakhs – ₹2 Crores | Up to 5 years |
| Machinery / Equipment Loan | 9.75% – 13.50% p.a. | ₹5 Lakhs – ₹5 Crores | Up to 7 years |
| Business Expansion Loan | 10.00% – 15.00% p.a. | ₹10 Lakhs – ₹5 Crores | Up to 10 years |
| Invoice / Receivable Loan | 11.00% – 16.00% p.a. | ₹1 Lakh – ₹1 Crore | Up to 3 years |
Note: The actual rate may vary based on lender policies, business profile, and credit history.
⚙️ Factors Affecting SME Loan Interest Rates
- Business Stability – Older, more established businesses often receive better rates.
- Credit Score – A high credit score (700+) ensures lower interest and faster approvals.
- Loan Amount and Tenure – Shorter loan periods or higher amounts may attract different rates.
- Collateral – Secured loans usually offer lower interest rates compared to unsecured ones.
- Lender Type – Banks and NBFCs may have slightly different rate structures.
📑 SME Loan Charges
1. Processing Fee
Usually 1% – 3% of the sanctioned loan amount (varies by lender).
2. Prepayment / Foreclosure Charges
Generally 2% – 5% of the outstanding balance (waived off by some lenders after a lock-in period).
3. Late Payment / Penal Interest
Charged only on delayed EMIs, typically 2% above the applicable rate.
4. Documentation / Legal Fees
Minimal, depending on the lender’s internal policy.
5. GST and Other Statutory Charges
Applicable as per government norms.