MSME loan interest rates differ amongst lenders. Examples of low-interest rates are SBI SME loans at 8.80 percent and HDFC MSME business loans at 11.90 percent. Lenders analyse the applicant's profile, credit score, age, income, turnover, company reputation, experience, and other considerations when determining the interest rate on MSME Loan.

Borrowers with strong credit might receive reduced MSME rates. Credit scores are three-digit summaries of an individual's credit payback history. A credit score of 750 or more is regarded desirable for MSME Loans, although you may receive one with a lower score. Some lenders will lend to you even if your CIBIL score is 650 or higher.

A solid credit score is usually important to gain rapid approval and a low interest rate on MSME loans.

Lender Name	Rate of Interest
Axis Bank	15% onwards
Fullerton Finance	11.99% onwards
HDB Financial Services Ltd.	22% onwards
HDFC Bank	11.90% onwards
Hero Fincorp	18% onwards
ICICI Bank	10% onwards
IDFC First Bank	20% onwards
IIFL Finance	18% onwards
Kotak Mahindra Bank	14% onwards
Lendingkart Finance	15% onwards
NeoGrowth Finance	18% onwards
PNB Business Loan	Based on your Business’s Profile
SBI	8.80% onwards (SME Loan)
RBL Bank	19% onwards
Tata Capital Finance	18% onwards
Zip-Loan	18% onwards