Compare DCB Bank vs Andhra Bank Business Loan

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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 Allahabad Bank Yes Bank PNB OBC Indian Overseas Bank Dhan Laxmi Bank DCB 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%	15.75% - 16.00%
Processing Fees	Processing Fees Upto 2% of the loan amount	Case to Case
Loan Amount	Loan Amount ₹ 1 Lakh to ₹ 40 Lakh	₹ 50,000 to ₹ 5 Lakh
Loan Tenure	Loan Tenure 12 to 60 Months	12 to 60 Months
Lowest EMI Per Lakh	Lowest EMI Per Lakh ₹ 2,088	₹ 2,419
Part Payment Charges	Part Payment Charges Allowed after 6 months at 7-36 Months: 4%, >36 Months: 6%	Allowed after 0 months at Nil prepayment charges
Foreclosure Charges	Foreclosure Charges Allowed after 12 months at 4 - 6%	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 NA	12 Months
Minimum Turnover Required	Minimum Turnover Required ₹ 50 Lakh	₹ 0
Customer Ratings (Read Reviews)	Customer Ratings (Read Reviews)

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Compare Business Loan EMI of DCB Bank and Andhra Bank

Loan Amount	DCB Bank	Andhra Bank
₹ 1 Lakh	₹ 2,088	₹ 2,419
₹ 5 Lakh	₹ 10,440	₹ 12,093
₹ 10 Lakh	₹ 20,880	₹ 24,185
₹ 15 Lakh	₹ 31,320	₹ 36,278

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

DCB Bank offers lower Business Loan EMI at Rs. 2088 for 60 Months compared to Andhra Bank with a minimum EMI of Rs. 2419 for 60 Months. In addition, average customer ratings for DCB Bank is currently at /5.0, making it a good choice for taking a Business Loan.

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

A detailed comparison of DCB Bank and Andhra 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 Andhra Bank at 15.75%. 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 Andhra Bank charges a processing fee of Upto Case to Case.
DCB Bank offers Business Loan upto an amount of ₹ 40 Lakh, while Andhra Bank offers Loan upto an amount of ₹ 5 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. Andhra Bank gives the option to close the loan after Zero months at Nil prepayment charges and DCB Bank gives the option to close the loan after 12 months at 4 - 6%. This makes Andhra Bank a better option for Business Loan.
Andhra Bank and DCB Bank allow part payment on Business Loan after Zero months at Nil charges. Andhra Bank applies a charge of Nil charges and DCB Bank charges 7-36 Months: 4%, >36 Months: 6% on Business Loan.
Andhra 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 Andhra Bank.
Andhra Bank can be a better option if you are looking for fund requirements after 12 months. DCB Bank offers a business loan once if business is NA months old. Hence, Andhra 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 Andhra Bank?

As per the current rates, DCB Bank offers a lower interest rate of 9.25% on loans compared to Andhra Bank, which offers a Business Loan at 15.75%.

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