Compare DCB Bank vs Allahabad Bank Business Loan

Download Comparison

Bank	SBI HDFC Bank ICICI Bank RBL Bank Tata Capital Lendingkart Bajaj Finserv IDFC First Bank IIFL Bank of Maharashtra IndusInd Bank Kotak Bank Fullerton India Ftcash Indifi Neogrowth IDBI Bank Yes Bank PNB OBC Indian Overseas Bank Dhan Laxmi Bank DCB Bank Andhra Bank United Bank of India Corporation Bank Syndicate Bank Bank of Baroda	SBI HDFC Bank ICICI Bank RBL Bank Tata Capital Lendingkart Bajaj Finserv IDFC First Bank IIFL Bank of Maharashtra IndusInd Bank Kotak Bank Fullerton India Ftcash Indifi Neogrowth IDBI Bank Allahabad Bank Yes Bank PNB OBC Indian Overseas Bank Dhan Laxmi Bank Andhra Bank United Bank of India Corporation Bank Syndicate Bank Bank of Baroda
Interest Rate	Interest Rate 9.25% - 16.00%	14.50% - 18.60%
Processing Fees	Processing Fees Upto 2% of the loan amount	Rs. 229 - per lac, Min Rs. 2,038 Max Rs. 22,928
Loan Amount	Loan Amount ₹ 1 Lakh to ₹ 40 Lakh	₹ 1 Lakh to ₹ 20 Lakh
Loan Tenure	Loan Tenure 12 to 60 Months	12 to 84 Months
Lowest EMI Per Lakh	Lowest EMI Per Lakh ₹ 2,088	₹ 1,902
Part Payment Charges	Part Payment Charges Allowed after 6 months at 7-36 Months: 4%, >36 Months: 6%	Allowed after 0 months at 2.25%
Foreclosure Charges	Foreclosure Charges Allowed after 12 months at 4 - 6%	Allowed after 0 months at 2.25%
Eligible Age	Eligible Age 25 to 65 Years	25 to 65 Years
Minimum Years in Business Required	Minimum Years in Business Required NA	36 Months
Minimum Turnover Required	Minimum Turnover Required ₹ 50 Lakh	₹ 0
Customer Ratings (Read Reviews)	Customer Ratings (Read Reviews)

Add Bank

Compare Business Loan EMI of DCB Bank and Allahabad Bank

Loan Amount	DCB Bank	Allahabad Bank
₹ 1 Lakh	₹ 2,088	₹ 1,902
₹ 5 Lakh	₹ 10,440	₹ 9,509
₹ 10 Lakh	₹ 20,880	₹ 19,017
₹ 15 Lakh	₹ 31,320	₹ 28,526

Which is a better bank for Business Loan – DCB Bank or Allahabad Bank?

Allahabad Bank offers lower Business Loan EMI at Rs. 1902 for 84 Months compared to DCB Bank with a minimum EMI of Rs. 2088 for 60 Months. In addition, average customer ratings for Allahabad Bank is currently at /5.0, making it a good choice for taking a Business Loan.

How does DCB Bank Business Loan compare with Allahabad Bank Business Loan?

A detailed comparison of DCB Bank and Allahabad Bank 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 DCB Bank Loan is 9.25%, which is lower than the lowest interest rate of Allahabad Bank at 14.50%. Hence, DCB Bank is offering a cheaper loan option.
Compared to other Business Loan charges such as processing fees, DCB Bank charges a processing fee of Upto 2% of the loan amount, while Allahabad Bank charges a processing fee of Upto Rs. 229 - per lac, Min Rs. 2,038 Max Rs. 22,928.
DCB Bank offers Business Loan upto an amount of ₹ 40 Lakh, while Allahabad Bank offers Loan upto an amount of ₹ 20 Lakh. Therefore, DCB Bank 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. Allahabad Bank gives the option to close the loan after Zero months at 2.25% and DCB Bank gives the option to close the loan after 12 months at 4 - 6%. This makes Allahabad Bank a better option for Business Loan.
Allahabad Bank and DCB Bank allow part payment on Business Loan after Zero months at 2.25%. Allahabad Bank applies a charge of 2.25% and DCB Bank charges 7-36 Months: 4%, >36 Months: 6% on Business Loan.
Allahabad Bank gives business loan at a minimum turnover of ₹ 0 . However, the turnover requirement for a business loan from DCB Bank is ₹ 50 Lakh. Hence, small businesses may find is easier to get a loan from Allahabad Bank.
Allahabad Bank can be a better option if you are looking for fund requirements after 36 months. DCB Bank offers a business loan once if business is NA months old. Hence, Allahabad Bank should be a preferred choice for relatively new enterprises.
with an average customer rating of is equally comparable to with an average customer rating of . Hence, the customer can expect the same kind of service levels from these banks.

Which bank offers a lower interest rate on Business Loan – DCB Bank or Allahabad Bank?

As per the current rates, DCB Bank offers a lower interest rate of 9.25% on loans compared to Allahabad Bank, which offers a Business Loan at 14.50%.

Know all about Business Loan

Know more about DCB Bank Business Loan

Know more about Allahabad Bank Business Loan

Compare DCB Bank Business Loan With Other Banks

Compare Allahabad Bank Business Loan With Other Banks

Know About MSMEs and Mudra Loan

Notification ×

Home Loan
Home Loan at all-time low rates starting at 7.15%. Cashback of up to ₹ 1,000
Apply Now
Personal Loan
Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.
Check Offers
Gold Loan
Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500
Apply Now
Loan Against Property
Best Loan Against Property Offers starting @ 8.10%. Cashback of up to ₹ 1,000*.
Apply Now
Business Loan
Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.
Apply Now
Fixed Deposit
AAA rated FDs with returns as high as 7.05%.
Invest Now

Business Loan News - Aug 2022

2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year.
2022-05-03 : HDFC Profit Rises by 16% for Q4 of FY 2022
Housing Development Finance Corporation has reported a 16% year-on-year rise in its standalone net profit for the March quarter to Rs 3,700 crore on the back of strong growth in loans and net interest income (NII).
2022-04-29 : Axis Bank Net Profit Jumps to Rs 4,118 crore in March Quarter
The bank has reported a 54 percent jump in its standalone net profit to Rs 4,117.77 crore from a net profit of Rs 2,677.06 crore in the year-ago period for the quarter ended March 2022.
2022-04-29 : ICICI Bank Launches Digital Ecosystem for MSMEs
The new digital ecosystem comprises three pillars, including enhanced banking services for existing customers, MSMEs who are customers of other banks, and other value-added services for all.
2022-04-28 : Union Bank Rolls out Automated Solution for Recovery of Bad Loans
Union Bank of India will be using a first-of-its-kind stressed asset recovery automated solution (SARAS) to help the bank enforce securities, track recoveries, and enhance monitoring of stressed assets.

*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

Calculate Your Income Tax ☺

Please wait while your information is being processed...