There are multiple schemes available for availing Business loans from Government of India, different Nationalized & Private sector Banks. The loan amount & eligibility depends on the type of the Business you setup. Following details are required to check eligibility, Personal Background, Resume or Business background, Business Plan, Personal and/or Business tax returns, Financial statements if any. Legal documents, Collateral. For startups, we need to register in startup India portal. Interest rates varies across banks. In general, the rates fluctuate from 10.99% to 21% per annum. Few banks also charge processing fee, which could be maximum of 3% of loan amount. Lowest EMI per lakh could be 2300 for 5 years. Loan repayment tenure is up to 5 years.