In 2021, these are the best banks with loan interest rates for MSMEs:
1. Kotak Mahindra Bank- 16% onwards
2. UCO Bank- 9.85% onwards
3. Canara Bank Business Loan- 9.20% onwards
4. Bank of Baroda- 9.65% onwards
5. Andhra Bank- 8.20% onwards
6. Bank of Maharashtra- 8.55% onwards
7. Central Bank of India- 7.35% onwards
8. HDFC Bank- 15% onwards
9. IDBI Bank, Indian Overseas Bank, Union Bank of India, Bank of India, ICICI Bank, Punjab National Bank, SBI- Based on the applicant’s profile and business requirements