Guwahati, June 17 -- Securing a business loan is often a crucial step for entrepreneurs and business owners to fund expansion, purchase new equipment, or maintain operations. However, one of the most significant aspects of acquiring a business loan is understanding the interest rates that will apply. In this blog, we'll break down what you need to know about interest rates for business loans, the different types of rates, and how they can impact your business.

The interest rate for business loan refers to the cost of borrowing funds, expressed as a percentage of the total loan amount. It indicates how much a lender will charge in addition to the principal sum (the original loan amount) for the privilege of borrowing. For instance, if you...