Check minimum income required for a ₹5 Lakh business loan. EMI starts ₹10,685/month. Compare 28+ banks.
To get a ₹5 Lakh business loan, you need a minimum monthly income of approximately ₹26,713 (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% | ₹11,377 | ₹25,283/mo | 2% + GST |
| Bank of Baroda | 10.25 - 14.65% | ₹10,685 | ₹25,441/mo | 1% of loan amount + GST |
| Canara Bank | 10.85 - 14.85% | ₹10,834 | ₹25,796/mo | 1% + GST |
| Bajaj Finserv | 14.00 - 26.00% | ₹11,634 | ₹25,854/mo | Up to 3.50% |
| L&T Finance | 14.00 - 22.00% | ₹11,634 | ₹25,854/mo | 2% + GST |
| SBI | 11.00 - 14.75% | ₹10,871 | ₹25,884/mo | 1% of loan amount + GST |
| Union Bank | 11.00 - 14.00% | ₹10,871 | ₹25,884/mo | 1% + GST |
| Indian Bank | 11.15 - 13.65% | ₹10,909 | ₹25,974/mo | 1% + GST |
| Bank of India | 11.25 - 14.75% | ₹10,934 | ₹26,034/mo | 1% + GST |
| Mahindra Finance | 14.50 - 22.00% | ₹11,764 | ₹26,143/mo | 2% + GST |
| PNB | 11.50 - 14.50% | ₹10,996 | ₹26,181/mo | 1% + GST |
| IDBI Bank | 11.50 - 14.00% | ₹10,996 | ₹26,181/mo | 1% + GST |
| Central Bank | 11.50 - 14.50% | ₹10,996 | ₹26,181/mo | 1% + GST |
| Muthoot Finance | 15.00 - 24.00% | ₹11,895 | ₹26,434/mo | 2% + GST |
| Piramal Finance | 15.00 - 24.00% | ₹11,895 | ₹26,434/mo | 2% + GST |
| Hero FinCorp | 15.00 - 22.00% | ₹11,895 | ₹26,434/mo | 2% + GST |
| Manappuram Finance | 16.00 - 26.00% | ₹12,159 | ₹27,020/mo | 2.50% + GST |
| HDFC Bank | 11.50 - 18.00% | ₹10,996 | ₹27,490/mo | Up to 2% of loan amount |
| South Indian Bank | 11.50 - 15.00% | ₹10,996 | ₹27,490/mo | 1% + GST |
| Federal Bank | 12.00 - 16.50% | ₹11,122 | ₹27,805/mo | 1.50% + GST |
| Karur Vysya Bank | 12.00 - 16.00% | ₹11,122 | ₹27,805/mo | 1% + GST |
| IDFC First Bank | 12.50 - 22.00% | ₹11,249 | ₹28,123/mo | 2% + GST |
| ICICI Bank | 13.50 - 19.00% | ₹11,505 | ₹28,763/mo | Up to 2.50% |
| Yes Bank | 13.50 - 20.00% | ₹11,505 | ₹28,763/mo | 2% + GST |
| Kotak Mahindra Bank | 14.00 - 19.99% | ₹11,634 | ₹29,085/mo | 2.50% of loan amount |
| IndusInd Bank | 14.00 - 22.00% | ₹11,634 | ₹29,085/mo | 2% + GST |
| Axis Bank | 14.25 - 19.20% | ₹11,699 | ₹29,248/mo | 2% of loan amount |
| Bandhan Bank | 14.50 - 20.00% | ₹11,764 | ₹29,410/mo | 2% + GST |
The EMI for ₹5 Lakh business loan at 10.25% for 5 years is approximately ₹10,685 per month.
You need a minimum monthly income of approximately ₹26,713 for a ₹5 Lakh business loan at 10.25% interest rate (assuming no existing EMIs and 40% FOIR).
The lowest interest rate for ₹5 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 ₹5 Lakh business loan at 10.25% for 5 years is approximately ₹1.41 L.