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Compare Dhan Laxmi Bank vs HDFC Bank Business Loan

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Bank
Interest Rate
Interest Rate
10.50% - 13.10%
11.90% - 21.35%
Processing Fees
Processing Fees
Upto 3% of the loan amount
₹ 499
Loan Amount
Loan Amount
₹ 10 Lakh to ₹ 5 Cr
₹ 50,000 to ₹ 50 Lakh
Loan Tenure
Loan Tenure
12 to 60 Months
12 to 48 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,149
₹ 2,628
Part Payment Charges
Part Payment Charges
Allowed after 6 months at 3%
Not Allowed
Foreclosure Charges
Foreclosure Charges
Allowed after 0 months at 2 - 5%
Allowed after 12 months at 2 - 4%
Eligible Age
Eligible Age
23 to 65 Years
21 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
48 Months
36 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 0
₹ 1 Cr
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.5/5.0
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Compare Business Loan EMI of Dhan Laxmi Bank and HDFC Bank

Loan Amount Dhan Laxmi Bank HDFC Bank
₹ 1 Lakh ₹ 2,149 ₹ 2,628
₹ 5 Lakh ₹ 10,747 ₹ 13,142
₹ 10 Lakh ₹ 21,494 ₹ 26,285
₹ 15 Lakh ₹ 32,241 ₹ 39,427

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

Dhan Laxmi Bank offers lower Business Loan EMI at Rs. 2149 for 60 Months compared to HDFC Bank with a minimum EMI of Rs. 2628 for 48 Months. In addition, average customer ratings for Dhan Laxmi 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 HDFC Bank Business Loan?

A detailed comparison of Dhan Laxmi Bank and HDFC 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 HDFC Bank at 11.90%. 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 HDFC Bank charges a processing fee of Upto ₹ 499.
  • Dhan Laxmi Bank offers Business Loan upto an amount of ₹ 5 Cr, while HDFC Bank offers Loan upto an amount of ₹ 50 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. Dhan Laxmi Bank gives the option to close the loan after Zero months at 2 - 5% and HDFC Bank gives the option to close the loan after 12 months at 2 - 4%. This makes Dhan Laxmi Bank a better option for Business Loan.
  • Dhan Laxmi Bank allows part payment on Business Loan after 6 months at 3%, while HDFC Bank does not offer a part payment facility. This makes Dhan Laxmi Bank a better option for customers who want to retain the flexibility of reducing their loans whenever they have surplus funds available.
  • Dhan Laxmi Bank gives business loan at a minimum turnover of ₹ 0 . However, the turnover requirement for a business loan from HDFC Bank is ₹ 1 Cr. Hence, small businesses may find is easier to get a loan from Dhan Laxmi Bank.
  • HDFC 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, HDFC Bank should be a preferred choice for relatively new enterprises.
  • HDFC Bank has an average customer rating of 4.5. In contrast, has an average customer rating of , based on which it is clear that HDFC Bank has a high customer service focus, an easy process and a quick turnaround.

Which bank offers a lower interest rate on Business Loan – Dhan Laxmi Bank or HDFC Bank?

As per the current rates, Dhan Laxmi Bank offers a lower interest rate of 10.50% on loans compared to HDFC Bank, which offers a Business Loan at 11.90%.

Know all about Business Loan

Know more about Dhan Laxmi Bank Business Loan

Know more about HDFC Bank Business Loan

Compare Dhan Laxmi Bank Business Loan With Other Banks

Compare HDFC Bank Business Loan With Other Banks

Know About MSMEs and Mudra Loan

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Business Loan News - Oct 2021
  • 2021-10-18 : HDFC Bank Posts 17.2 Percent Profits In Q2
    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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