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Compare Bajaj Finserv vs Andhra Bank Business Loan

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Bank
Interest Rate
Interest Rate
18.00% - 22.00%
15.75% - 16.00%
Processing Fees
Processing Fees
Upto 2% of loan amount
Case to Case
Loan Amount
Loan Amount
₹ 5 Lakh to ₹ 30 Lakh
₹ 50,000 to ₹ 5 Lakh
Loan Tenure
Loan Tenure
12 to 48 Months
12 to 60 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,937
₹ 2,419
Part Payment Charges
Part Payment Charges
Allowed after 1 month at 2%
Allowed after 0 months at Nil prepayment charges
Foreclosure Charges
Foreclosure Charges
Allowed after 1 month at 4%
Allowed after 0 months at Nil prepayment charges
Eligible Age
Eligible Age
25 to 65 Years
21 to 55 Years
Minimum Years in Business Required
Minimum Years in Business Required
36 Months
12 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 12 Lakh
₹ 0
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4/5.0
4/5.0
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Compare Business Loan EMI of Bajaj Finserv and Andhra Bank

Loan Amount Bajaj Finserv Andhra Bank
₹ 1 Lakh ₹ 2,938 ₹ 2,419
₹ 5 Lakh ₹ 14,688 ₹ 12,093
₹ 10 Lakh ₹ 29,375 ₹ 24,185
₹ 15 Lakh ₹ 44,062 ₹ 36,278

Which is a better bank for Business Loan – Andhra Bank or Bajaj Finserv?

Andhra Bank offers lower Business Loan EMI at Rs. 2419 for 60 Months compared to Bajaj Finserv with a minimum EMI of Rs. 2937 for 48 Months. In addition, average customer ratings for Andhra Bank is currently at 4/5.0, making it a good choice for taking a Business Loan.

How does Andhra Bank Business Loan compare with Bajaj Finserv Business Loan?

A detailed comparison of Andhra Bank and Bajaj Finserv Business Loan on various terms and conditions highlight key differences in their offerings and allows the customer to take an choose the best bank for Business Loan. Results of a comparative analysis between both banks highlight that:

  • Lowest Interest rate of Andhra Bank Loan is 15.75%, which is lower than the lowest interest rate of Bajaj Finserv at 18.00%. Hence, Andhra Bank is offering a cheaper loan option.
  • Compared to other Business Loan charges such as processing fees, Bajaj Finserv charges a processing fee of Upto 2% of loan amount, while Andhra Bank charges a processing fee of Upto Case to Case.
  • Bajaj Finserv offers Business Loan upto an amount of ₹ 30 Lakh, while Andhra Bank offers Loan upto an amount of ₹ 5 Lakh. Therefore, Bajaj Finserv can be a better option if you are looking for a high value amount.
  • One feature that makes Business Loan a better option is the foreclosure facility. Andhra Bank gives the option to close the loan after Zero months at Nil prepayment charges and Bajaj Finserv gives the option to close the loan after 1 months at 4%. This makes Andhra Bank a better option for Business Loan.
  • Andhra Bank and Bajaj Finserv allow part payment on Business Loan after Zero months at Nil charges. Andhra Bank applies a charge of Nil charges and Bajaj Finserv charges 2% on Business Loan.
  • Andhra Bank gives business loan at a minimum turnover of ₹ 0 . However, the turnover requirement for a business loan from Bajaj Finserv is ₹ 12 Lakh. Hence, small businesses may find is easier to get a loan from Andhra Bank.
  • Andhra Bank can be a better option if you are looking for fund requirements after 12 months. Bajaj Finserv offers a business loan once if business is 36 months old. Hence, Andhra Bank should be a preferred choice for relatively new enterprises.
  • Andhra Bank with an average customer rating of 4 is equally comparable to Bajaj Finserv with an average customer rating of 4. Hence, the customer can expect the same kind of service levels from these banks.

Which bank offers a lower interest rate on Business Loan – Andhra Bank or Bajaj Finserv?

As per the current rates, Andhra Bank offers a lower interest rate of 15.75% on loans compared to Bajaj Finserv, which offers a Business Loan at 18.00%.

Know all about Business Loan

Know more about Bajaj Finserv Business Loan

Know more about Andhra Bank Business Loan

Compare Bajaj Finserv Business Loan With Other Banks

Compare Andhra Bank Business Loan With Other Banks

Know About MSMEs and Mudra Loan

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*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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