Compare DCB Bank vs Lendingkart Business Loan

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Bank	SBI HDFC Bank ICICI Bank RBL Bank Tata Capital Bajaj Finserv IDFC First Bank IIFL Bank of Maharashtra IndusInd Bank Kotak Bank Fullerton India Ftcash Indifi IDBI Bank Neogrowth Yes Bank Allahabad 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%	12.00% - 24.00%
Processing Fees	Processing Fees Upto 2% of the loan amount	2% to 3% of loan amount
Loan Amount	Loan Amount ₹ 1 Lakh to ₹ 40 Lakh	₹ 50,000 to ₹ 1 Cr
Loan Tenure	Loan Tenure 12 to 60 Months	1 to 36 Months
Lowest EMI Per Lakh	Lowest EMI Per Lakh ₹ 2,088	₹ 3,321
Part Payment Charges	Part Payment Charges Allowed after 6 months at 7-36 Months: 4%, >36 Months: 6%	Not Allowed
Foreclosure Charges	Foreclosure Charges Allowed after 12 months at 4 - 6%	Allowed after 1 month at Nil foreclosure charges
Eligible Age	Eligible Age 25 to 65 Years	21 to 65 Years
Minimum Years in Business Required	Minimum Years in Business Required NA	12 Months
Minimum Turnover Required	Minimum Turnover Required ₹ 50 Lakh	₹ 90,000
Customer Ratings (Read Reviews)	Customer Ratings (Read Reviews)	4.7/5.0

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Compare Business Loan EMI of DCB Bank and Lendingkart

Loan Amount	DCB Bank	Lendingkart
₹ 1 Lakh	₹ 2,088	₹ 3,321
₹ 5 Lakh	₹ 10,440	₹ 16,607
₹ 10 Lakh	₹ 20,880	₹ 33,214
₹ 15 Lakh	₹ 31,320	₹ 49,821

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

DCB Bank offers lower Business Loan EMI at Rs. 2088 for 60 Months compared to Lendingkart with a minimum EMI of Rs. 3321 for 36 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 Lendingkart Business Loan?

A detailed comparison of DCB Bank and Lendingkart 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 Lendingkart at 12.00%. 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 Lendingkart charges a processing fee of Upto 2% to 3% of loan amount.
Lendingkart offers Business Loan upto an amount of ₹ 1 Cr, while DCB Bank offers Loan upto an amount of ₹ 40 Lakh. Therefore, Lendingkart 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. Lendingkart gives the option to close the loan after 1 months at Nil foreclosure charges and DCB Bank gives the option to close the loan after 12 months at 4 - 6%. This makes Lendingkart a better option for Business Loan.
DCB Bank allows part payment on Business Loan after 6 months at 7-36 Months: 4%, >36 Months: 6%, while Lendingkart does not offer a part payment facility. This makes DCB Bank a better option for customers who want to retain the flexibility of reducing their loans whenever they have surplus funds available.
Lendingkart gives business loan at a minimum turnover of ₹ 90,000 . 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 Lendingkart.
Lendingkart 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, Lendingkart should be a preferred choice for relatively new enterprises.
Lendingkart has an average customer rating of 4.7. In contrast, has an average customer rating of , based on which it is clear that Lendingkart 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 Lendingkart?

As per the current rates, DCB Bank offers a lower interest rate of 9.25% on loans compared to Lendingkart, which offers a Business Loan at 12.00%.

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Business Loan News - Oct 2021

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).
2021-09-30 : Govt Extends Emergency Credit Scheme for Micro, Small and Medium Enterprises
The government has extended the emergency credit scheme for MSMEs till 31st March 2022. The new deadline for disbursement of loans under this scheme is 30th June 2021.

*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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