MyLoanCare is a FREE of cost service for borrowers

Get Cashback of Upto ₹1,000* on Business Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0

Compare Business Loan - Bajaj Finance vs Fullerton

Bank
Parameters
Interest Rate
Interest Rate
18.00% - 22.00%
20.00% - 33.50%
Processing Fees
Processing Fees
Upto 2% of loan amount
2%
Loan Amount
Loan Amount
₹ 5 Lakh to ₹ 30 Lakh
₹ 1.50 Lakh to ₹ 20 Lakh
Loan Tenure
Loan Tenure
12 to 48 Months
12 to 48 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,937
₹ 3,043
Part Payment Charges
Part Payment Charges
Allowed after 1 month at 2%
Allowed after 6 months at 3 - 7%
Foreclosure Charges
Foreclosure Charges
Allowed after 1 month at 4%
Allowed after 6 months at 3 - 7%
Borrower’s Age
Borrower’s Age
25 to 65 Years
27 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
36 Months
36 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 12 Lakh
₹ 20 Lakh
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4/5.0
3.5/5.0
Add Bank

Compare EMI of Bajaj Finance and Fullerton Business Loan

Loan Amount Bajaj Finserv Fullerton India
₹ 1 Lakh ₹ 7,899 ₹ 7,358
₹ 5 Lakh ₹ 39,497 ₹ 36,791
₹ 10 Lakh ₹ 78,993 ₹ 73,582
₹ 15 Lakh ₹ 1,18,490 ₹ 1,10,373

Which is a better bank for Business Loan – Bajaj Finserv or Fullerton India?

Bajaj Finserv offers lower Business Loan EMI at 2937 on a Business Loan for 48 Months as compared to Fullerton India with a minimum EMI of 3043 for 48 Months. Average customer ratings for Bajaj Finserv is currently at 4/5.0 which makes it a good choice for taking a Business Loan.

How does Bajaj Finserv Business Loan compare with Fullerton India Business Loan?

A detailed comparison of Bajaj Finserv and Fullerton India 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 Bajaj Finserv Business Loan is 18.00%, which is lower than the lowest interest rate of Fullerton India at 20.00%. Hence, Bajaj Finserv is offering a cheaper loan option.
  • When compared on other Business Loan charges such as processing fees, Bajaj Finserv charges a processing fees of Upto 2% of loan amount while Fullerton India charges a processing fees of 2%.
  • Bajaj Finserv offers Business Loan upto an amount of ₹ 30 Lakh while Fullerton India offer Business Loan upto an amount of ₹ 20 Lakh. 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 foreclosure facility. Bajaj Finserv gives the option to close the loan after 1 months at 4% and Fullerton India gives the option to close the loan after 6 months at 3 - 7%. This makes Bajaj Finserv a better option for Business Loan.
  • Bajaj Finserv and Fullerton India allow part payment on Business Loan after 1 months at 2%. Bajaj Finserv applies a charge of 2% and Fullerton India charges 3 - 7% on Business Loan.
  • Bajaj Finserv gives business loan at a minimum turnover of ₹ 12 Lakh. However, the turnover requirement for a business loan from Fullerton India is ₹ 20 Lakh. Hence, small businesses may find is easier to get a loan from Bajaj Finserv.
  • Bajaj Finserv and Fullerton India offer a business loan if your business has completed 36 months. Hence, Bajaj Finserv and Fullerton India both can be a preferred choice for relatively new enterprises.
  • Bajaj Finserv has an average customer ratings of 4, while Fullerton India has an average customer rating of 3.5, based on which it is clear that Bajaj Finserv has a high customer service focus, an easy Business Loan process and a quick turnaround.

Which bank offers lower interest rate on Business Loan – Bajaj Finserv or Fullerton India?

As per the current rates, Bajaj Finserv offers a lower interest rate of 18.00% on Business Loan when compared to Fullerton India which offers a Business Loan at 20.00%.

How can I transfer my Business Loan from Bajaj Finserv to Fullerton India?

You can transfer your Business Loan from Bajaj Finserv to Fullerton India with a Business Loan balance transfer. For this, you need to follow a specific procedure that involves clearing off dues, getting a NOC, application to a new bank, getting approval, etc. The Business Loan balance transfer is an excellent way to reduce the loan burden as you can switch to a lower Business Loan interest rate.

How can I choose the best bank for Business Loan?

You can choose the best bank for a Business Loan by making a detailed comparison between top lenders on the basis of interest rates, processing fee or Business Loan offers. Apart from that, you can visit online marketplaces like MyLoanCare to choose the best Business Loan offer. Here, you will get the option of choosing the best bank amongst the shortlisted ones based on your loan requirement.

Which type of Business Loan is the cheapest?

The cheapest Business Loan is the one that is offered at the lowest Business Loan interest rates. This is because the lowest Business Loan interest rates mean the lowest EMI, as the interest charged will be less. Thus, these loans can be attained with the least repayment burden. Currently, Bajaj Finserv offers the cheapest Business Loan at 18.00%.

How do I check my eligibility for Bajaj Finserv and Fullerton India Business Loan?

You can check your eligibility for Bajaj Finserv and Fullerton India Business Loan by using MyLoanCare Business Loan eligibility calculator. You have to enter details like required loan amount, profession, annual profit, work experience etc to check the amount of loan you are eligible for. You can apply loan for the eligible amount to repay the EMI you can comfortably service.

Know all about Business Loan

Know more about Bajaj Finserv Business Loan

Know more about Fullerton India Business Loan

Compare Bajaj Finserv Business Loan With Other Banks

Compare Fullerton India Business Loan With Other Banks

Know About MSMEs and Mudra Loan

Notification ×
  • Home Loan

    Home Loan starting at 6.75%. Cashback of up to ₹ 1,000 plus Free COVID Insurance of ₹ 1 lakh.

    Apply Now
  • Personal Loan

    Instant Personal Loan with Cashback of up to ₹ 1,000 or Free Corona Insurance Cover of up to ₹ 5 Lakhs.

    Check Offers
  • Fixed Deposit

    AAA rated FDs with returns as high as 6.95%.

    Invest Now
  • Demat Account

    Open Instant Demat Account and Get Cashback of ₹ 500*. *T&C Apply

    Apply Now
  • DBS Savings Account

    Open Account Online and Cashback of up to ₹ 4,800.

    Open Account
  • Gold Loan

    Instant Gold Loan starting at 9.90% with Cashback of up to ₹ 500 or Free Corona Health Cover of upto ₹ 1 Lakh.

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 7.50%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Credit Card

    Get amazing offers, discounts and welcome gift vouchers on SBI Credit Cards.

    Apply Now
Business Loan News - Jan 2021
  • 2021-01-27 : Kotak Mahindra Bank Q3 net profit up 16%
    Kotak Mahindra Bank posted a net profit of Rs 1,853.5 crore as against Rs 1,595.90 crore last year. The bank reported a growth of 16% on a year-on-year basis backed by home, personal, car, two wheeler and gold loan along with business and mudra loans.
  • 2021-01-27 : DCB Bank reported Q3 profit at ₹96.21 crore
    DCB Bank posted a net profit of ₹96.21 crore for the third quarter ended December 2020. Further, it reported a total income of ₹1,023.86 crore backed by home, personal, car, two wheeler and gold loan along with business and mudra loans.
  • 2021-01-27 : Sundaram Home Finance Q3 net rose by 36%
    Sundaram Home Finance posted a 36% growth in its net profit for Q3 to Rs 56.24cror. Disbursements for Q3 stood at Rs 4,16.57 crore backed by home, personal, car, two wheeler and gold loans along with business and mudra loans.
  • 2021-01-25 : Indian Bank posted Q3FY21 net profit at Rs. 526.31 crore
    Indian Bank reported a total income of Rs.11571.33 crores backed by home, personal,education, gold, car and two wheeler loans along with business and mudra loans during the period ended December 31, 2020. Further, it posted net profit of Rs.526.31 crores for the period ended December 31, 2020 as against net profit of Rs.424.14 crores for the period ended September 30, 2020.
  • 2021-01-25 : South India Bank reported 3FY21 loss at Rs. 91.62 crore
    South Indian Bank reported a total income of Rs.2082.08 crores backed by home, personal, education, gold, car and two wheeler loans along with business and mudra loans during the period ended December 31, 2020. Further, it posted a net loss of Rs.91.6 crores for the period ended December 31, 2020.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
Loader
Please wait while your information is being processed...