The business loan interest rate in India varies depending on the borrower’s credit profile, loan amount, tenure, and the lender’s policy. Typically, it ranges from 9% to 24% annually. A higher credit score, stable income, and profitable financials can help secure a lower business loan interest rate. Government-backed schemes like Mudra Loans offer subsidized interest rates for MSMEs. It's also essential to compare fixed and floating interest rate options before making a decision. Monitoring the RBI's repo rate, understanding your EMI, and checking for hidden charges ensure transparency. Always negotiate and review offers from multiple lenders to get the best business loan interest rate.

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