INR45 business lenders in India, compared side by side: 9 banks and 36 non-bank lenders covering working capital, corporate, project and venture debt, with listed loan sizes from ₹90K to ₹30B. Updated September 2026 from regulator registers and lender disclosures.
Built for owners, founders and finance teams of mid-sized Indian companies: filter by lender type, loan type and amount, then export a PDF shortlist of the lenders that fit.
Showing 45 lenders
Tip:
Select lenders to export a custom PDF with your target lenders.
Showing 45 lenders
Large Indian alternatives manager with a scaled private-credit strategy for performing and structured corporate loans.
India's largest dedicated venture-debt manager, providing customized non-dilutive capital to VC-backed startups.
Alternative lender providing revenue-based structured credit to small and emerging businesses.
Ares Management's Asia credit platform, active in India across direct lending, asset-backed finance and special situations.
Asian private credit platform providing non-dilutive growth capital to mid and large corporates.
India's largest small finance bank, with roots in vehicle finance and a growing MSME and secured-lending franchise.
UK government-owned DFI providing debt, equity and fund capital across India and other emerging markets.
Real estate credit platform providing senior secured lending to residential developers.
Large Murugappa Group NBFC offering vehicle, housing, property-backed and SME finance across India.
Digital trade-finance fintech providing collateral-free working capital to cross-border SMEs in India and other markets.
Indian alternatives manager providing private credit and real asset financing to companies.
Growth debt provider offering non-dilutive debt capital to technology companies in Asia.
Digital RBI-registered NBFC providing collateral-free business loans to MSMEs across more than 2,100 Indian towns.
Mumbai-based revenue-based financing platform offering equity-free growth capital to e-commerce brands and digital businesses.
Indian private bank lending to businesses of every size, from unsecured small business loans to large corporate facilities.
Indian private bank providing working capital, term lending and structured corporate finance across the size range.
Retail-focused Indian NBFC offering MSME, gold, housing, microfinance and construction finance through a national network.
Special situations fund providing distressed debt financing to Indian companies in turnaround.
Large Indian public-sector bank offering corporate, MSME and working-capital finance through a national branch network.
Indian private-sector bank with corporate, commercial and MSME lending capabilities, including structured and working-capital debt.
Venture debt provider offering non-dilutive financing to venture-backed Indian startups.
Large Indian private-sector bank providing corporate, wholesale, retail and structured financing across India and the UAE.
Large listed Indian NBFC focused on rural, farm-equipment, two-wheeler and MSME finance.
RBI-registered fintech NBFC using data-led underwriting to provide rapid unsecured working capital to Indian MSMEs.
Growth debt provider financing late-stage technology and mid-market companies without equity dilution.
Private credit manager providing secured structured credit to mid-market Indian companies.
Mumbai-based NBFC and alternative manager specializing in real-estate credit and urban-infrastructure finance.
Indian non-bank lender providing debt to businesses and financial institutions in underserved segments.
Indian non-bank lender providing wholesale corporate, real estate and mid-market business lending.
Listed Poonawalla Group NBFC focused on consumer and MSME financing, including business and secured loans.
French bilateral DFI providing loans, guarantees and equity to private-sector projects across India and other emerging markets.
Ahmedabad-based RBI-registered NBFC providing customized MSME, machinery and supply-chain finance.
Indian non-bank lender providing secured business loans to small and medium enterprises.
India-focused private credit manager providing performing credit and special credit to small and mid-cap companies, for working capital, capex, promoter funding, M&A financing, HoldCo lending and stressed credit.
Indian development finance institution providing working capital and term loans to micro, small and medium enterprises.
India's largest public sector bank, lending across the full range from small business loans to large corporate and project finance.
Indian venture-debt manager providing non-dilutive growth credit to venture-backed startups across multiple markets.
Private credit manager providing mid-market corporate and real estate credit in India.
Private credit manager providing corporate and project financing to industrial companies.
Indian online invoice-discounting platform connecting working-capital-seeking suppliers with retail and HNI investors.
Indian venture debt platform providing debt capital to venture-backed startups.
US bilateral DFI offering loans, guarantees, equity and political-risk insurance in India and other developing markets.
Listed data-led NBFC specializing in MSME and small-business finance across India.
Listed Indian small finance bank serving underbanked borrowers through microfinance, MSME, housing, vehicle and agri loans.
Major PSU bank providing term loans, working capital, infrastructure finance and loan syndication.
Get in touch with us to be added to the list.
Disclaimer
Information provided in this directory is for educational and informational purposes only and may not reflect the most current loan terms or eligibility criteria. Alehar Advisory is not a lender, broker, or financial institution and does not guarantee approval. Please verify all details directly with the financial institution before applying.
Most Indian companies fund working capital and growth through five kinds of lenders. The right one depends on how fast you need the money, what security you can offer, and what the facility may cost.
Public and private sector banks supervised by the Reserve Bank of India offer the lowest rates and the full product range, from cash credit and overdraft limits to term loans. Expect thorough documentation, security for most facilities and the slowest approvals.
RBI-registered non-banking financial companies are the workhorse of mid-market lending in India. They decide faster than banks and take security more flexibly, at rates a few percentage points higher.
Licensed banks focused on smaller businesses and underserved segments. Rates and requirements usually sit between the large banks and NBFCs.
Funds and NBFCs that lend to venture-backed and high-growth companies, sized against recent funding and recurring revenue rather than collateral. Facilities often carry warrants alongside interest.
Government-linked development finance institutions run dedicated programs for MSMEs, manufacturing and exporters, often at below-market rates for qualifying borrowers.
When bank limits are capped or an enhancement stalls at annual review, Indian companies typically turn to NBFCs, private credit funds and, for larger needs, mezzanine providers. Cash-flow and receivables-based lending suits services companies and distributors with few fixed assets, while mezzanine sits between senior debt and equity for growth or acquisition funding.
The trade-off is price: non-bank facilities usually cost several percentage points more than bank loans, in exchange for speed and a higher chance of approval. Filter the directory above by non-bank lenders to compare their loan sizes and financing types side by side.
Mix at least one bank with one or two NBFCs, so you can weigh pricing against speed and security demands. Export the PDF shortlist to align your team before reaching out.
Lenders move faster when audited financials, GST returns, bank statements and an aging of receivables are ready before you approach them. One consistent pack also keeps the offers comparable.
Weigh security and promoter guarantees, covenants, processing fees and prepayment terms alongside the headline rate. The cheapest quote is not always the cheapest loan.
If you want an experienced team to prepare the pack and run the process with lenders, that is what our debt advisory work covers. Learn more about our Raising Equity or Debt service.
Use our free debt capacity calculator to estimate how much you can borrow in INR.
Try Debt CalculatorTell us what you're working on. We'll tell you how we'd approach it. We respond within 24 hours.
Perspectives on corporate finance, fundraising, and M&A, from the Alehar team.
