Compare Dhan Laxmi Bank vs Allahabad 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 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 DCB Bank Andhra Bank United Bank of India Corporation Bank Syndicate Bank Bank of Baroda
Interest Rate	Interest Rate 10.50% - 13.10%	14.50% - 18.60%
Processing Fees	Processing Fees Upto 3% of the loan amount	Rs. 229 - per lac, Min Rs. 2,038 Max Rs. 22,928
Loan Amount	Loan Amount ₹ 10 Lakh to ₹ 5 Cr	₹ 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 ₹ 2,149	₹ 1,902
Part Payment Charges	Part Payment Charges Allowed after 6 months at 3%	Allowed after 0 months at 2.25%
Foreclosure Charges	Foreclosure Charges Allowed after 0 months at 2 - 5%	Allowed after 0 months at 2.25%
Eligible Age	Eligible Age 23 to 65 Years	25 to 65 Years
Minimum Years in Business Required	Minimum Years in Business Required 48 Months	36 Months
Minimum Turnover Required	Minimum Turnover Required ₹ 0	₹ 0
Customer Ratings (Read Reviews)	Customer Ratings (Read Reviews)

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Compare Business Loan EMI of Dhan Laxmi Bank and Allahabad Bank

Loan Amount	Dhan Laxmi Bank	Allahabad Bank
₹ 1 Lakh	₹ 2,149	₹ 1,902
₹ 5 Lakh	₹ 10,747	₹ 9,509
₹ 10 Lakh	₹ 21,494	₹ 19,017
₹ 15 Lakh	₹ 32,241	₹ 28,526

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

Allahabad Bank offers lower Business Loan EMI at Rs. 1902 for 84 Months compared to Dhan Laxmi Bank with a minimum EMI of Rs. 2149 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 Dhan Laxmi Bank Business Loan compare with Allahabad Bank Business Loan?

A detailed comparison of Dhan Laxmi 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 Dhan Laxmi Bank Loan is 10.50%, which is lower than the lowest interest rate of Allahabad Bank at 14.50%. Hence, Dhan Laxmi Bank is offering a cheaper loan option.
Compared to other Business Loan charges such as processing fees, Dhan Laxmi Bank charges a processing fee of Upto 3% 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.
Dhan Laxmi Bank offers Business Loan upto an amount of ₹ 5 Cr, while Allahabad Bank offers Loan upto an amount of ₹ 20 Lakh. Therefore, Dhan Laxmi 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 and Dhan Laxmi Bank gives the option to close the loan after Zero months at 2.25% and 2 - 5%. This makes Allahabad Bank a better option for Business Loan.
Allahabad Bank and Dhan Laxmi Bank allow part payment on Business Loan after Zero months at 2.25%. Allahabad Bank applies a charge of 2.25% and Dhan Laxmi Bank charges 3% on Business Loan.
Allahabad Bank can be a better option if you are looking for fund requirements after 36 months. Dhan Laxmi Bank offers a business loan once if business is 48 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 – Dhan Laxmi Bank or Allahabad Bank?

As per the current rates, Dhan Laxmi Bank offers a lower interest rate of 10.50% on loans compared to Allahabad Bank, which offers a Business Loan at 14.50%.

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Know more about Dhan Laxmi Bank Business Loan

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Compare Dhan Laxmi Bank Business Loan With Other Banks

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