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Compare DCB Bank vs Fullerton India Business Loan

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Bank
Interest Rate
Interest Rate
9.25% - 16.00%
17.00% - 21.00%
Processing Fees
Processing Fees
Upto 2% of the loan amount
2%
Loan Amount
Loan Amount
₹ 1 Lakh to ₹ 40 Lakh
₹ 1.50 Lakh to ₹ 20 Lakh
Loan Tenure
Loan Tenure
12 to 60 Months
12 to 48 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,088
₹ 2,886
Part Payment Charges
Part Payment Charges
Allowed after 6 months at 7-36 Months: 4%, >36 Months: 6%
Allowed after 6 months at 3 - 7%
Foreclosure Charges
Foreclosure Charges
Allowed after 12 months at 4 - 6%
Allowed after 6 months at 3 - 7%
Eligible Age
Eligible Age
25 to 65 Years
27 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
NA
36 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 50 Lakh
₹ 20 Lakh
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
3.5/5.0
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Compare Business Loan EMI of DCB Bank and Fullerton India

Loan Amount DCB Bank Fullerton India
₹ 1 Lakh ₹ 2,088 ₹ 2,886
₹ 5 Lakh ₹ 10,440 ₹ 14,428
₹ 10 Lakh ₹ 20,880 ₹ 28,855
₹ 15 Lakh ₹ 31,320 ₹ 43,283

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

DCB Bank offers lower Business Loan EMI at Rs. 2088 for 60 Months compared to Fullerton India with a minimum EMI of Rs. 2886 for 48 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 Fullerton India Business Loan?

A detailed comparison of DCB Bank 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 DCB Bank Loan is 9.25%, which is lower than the lowest interest rate of Fullerton India at 17.00%. 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 Fullerton India charges a processing fee of Upto 2%.
  • DCB Bank offers Business Loan upto an amount of ₹ 40 Lakh, while Fullerton India 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. Fullerton India gives the option to close the loan after 6 months at 3 - 7% and DCB Bank gives the option to close the loan after 12 months at 4 - 6%. This makes Fullerton India a better option for Business Loan.
  • DCB Bank and Fullerton India allow part payment on Business Loan after 6 months at 7-36 Months: 4%, >36 Months: 6%. DCB Bank applies a charge of 7-36 Months: 4%, >36 Months: 6% and Fullerton India charges 3 - 7% on Business Loan.
  • Fullerton India gives business loan at a minimum turnover of ₹ 20 Lakh. 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 Fullerton India.
  • Fullerton India 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, Fullerton India should be a preferred choice for relatively new enterprises.
  • Fullerton India has an average customer rating of 3.5. In contrast, has an average customer rating of , based on which it is clear that Fullerton India has a high customer service focus, an easy process and a quick turnaround.

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

As per the current rates, DCB Bank offers a lower interest rate of 9.25% on loans compared to Fullerton India, which offers a Business Loan at 17.00%.

Know all about Business Loan

Know more about DCB Bank Business Loan

Know more about Fullerton India Business Loan

Compare DCB Bank Business Loan With Other Banks

Compare Fullerton India Business Loan With Other Banks

Know About MSMEs and Mudra Loan

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Business Loan News - Oct 2021
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    Private sector bank, HDFC Bank has posted a 17.6 percent rise in net profit at Rs 8,834.3 crore in the second quarter ended September 30, 2021. The lender had posted a net profit of Rs 7,513.1 crore in Q2 of 2020.
  • 2021-10-11 : IIFL Finance Launches Instant Business Loan
    IIFL Finance has launched instant business loans on WhatsApp to avail of loan amount upto Rs. 10 Lakhs with benefits such as minimum documentation and quick approval.
  • 2021-10-05 : IndusInd Bank Advances Grow by 10% Y-O-Y
    IndusInd Bank has posted a growth in advances by 10% on a Y-O-Y basis. Retail Deposits and Deposits from Small Business Customers amounted to Rs 1,11,749 crore as of 30 September 2021 as compared to Rs 1,05,737 crore as of 30 June 2021.
  • 2021-10-05 : HDFC Bank Reports Growth in Advances in Q2
    HDFC Bank has reported a growth in advances by 15.4% in quarter 2. As a result, the advances have grown to ₹ 11.98 lakh crore as of September 30, 2021, from ₹ 10.38 lakh crore a year ago.
  • 2021-10-04 : Yes Bank Posts Growth in Loans and Deposits
    Yes Bank has posted growth of 3.6% (year-on-year) in advances at Rs 1,72,945 crore for the quarter ended September 2021 (Q2FY22). Its advances stood at Rs 1,66,923 crore at end of September 2020 (Q2FY21).
*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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