Small business loans 2026: choice depends on borrower's need
India's small business lending market now runs across four groups — fintech lenders, NBFCs, banks and government-scheme routes — with no single best option, according to a lender comparison. Fintech lenders suit fast, collateral-free funding, NBFCs larger or flexible loans, banks the lowest rates for strong secured borrowers, and schemes such as MUDRA micro units. FlexiLoans, Lendingkart, Bajaj Finserv, Tata Capital, HDFC Bank, ICICI Bank and SBI are listed as leading options. Rates change often, so borrowers should confirm current terms before applying.