MyLoanCare is a FREE of cost service for borrowers

Get Cashback of Upto ₹1,000* on Business Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0

Compare Business Loan - Dhan Laxmi Bank vs Lendingkart

Bank
Parameters
Interest Rate
Interest Rate
12.90% - 16.10%
18.00% - 24.00%
Processing Fees
Processing Fees
2% of loan amount
Loan Amount
Loan Amount
₹ 10 Lakh to ₹ 5 Cr
₹ 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
₹ 2,270
₹ 3,615
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 1 month at Nil foreclosure charges
Borrower’s Age
Borrower’s Age
23 to 65 Years
21 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
48 Months
12 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 0
₹ 6 Lakh
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.7/5.0
Add Bank

Compare EMI of Dhan Laxmi Bank and Lendingkart Business Loan

Loan Amount Dhan Laxmi Bank Lendingkart
₹ 1 Lakh ₹ 2,270 ₹ 3,615
₹ 5 Lakh ₹ 11,351 ₹ 18,076
₹ 10 Lakh ₹ 22,702 ₹ 36,152
₹ 15 Lakh ₹ 34,053 ₹ 54,229

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

Dhan Laxmi Bank offers lower Business Loan EMI at 2270 on a Business Loan for 60 Months as compared to Lendingkart with a minimum EMI of 3615 for 36 Months. Average customer ratings for Dhan Laxmi Bank is currently at /5.0 which makes it a good choice for taking a Business Loan.

How does Dhan Laxmi Bank Business Loan compare with Lendingkart Business Loan?

A detailed comparison of Dhan Laxmi 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 Dhan Laxmi Bank Business Loan is 12.90%, which is lower than the lowest interest rate of Lendingkart at 18.00%. Hence, Dhan Laxmi Bank is offering a cheaper loan option.
  • When compared on other Business Loan charges such as processing fees, Dhan Laxmi Bank charges a processing fees of while Lendingkart charges a processing fees of 2% of loan amount.
  • Dhan Laxmi Bank offers Business Loan upto an amount of ₹ 5 Cr while Lendingkart offer Business Loan upto an amount of ₹ 1 Cr. 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 foreclosure facility. Dhan Laxmi Bank gives the option to close the loan after Zero months at 2 - 5% and Lendingkart gives the option to close the loan after 1 months at Nil foreclosure charges. 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 Lendingkart does not offer part payment facility on Business Loan. 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 Lendingkart is ₹ 6 Lakh. Hence, small businesses may find is easier to get a loan from Dhan Laxmi Bank.
  • Lendingkart can be a better option if you are looking for fund requirements after 12 months. Dhan Laxmi Bank offers a business loan once if business is 48 months old. Hence, Lendingkart should be a preferred choice for relatively new enterprises.
  • Lendingkart has an average customer ratings of 4.7, while has an average customer rating of , based on which it is clear that Lendingkart has a high customer service focus, an easy Business Loan process and a quick turnaround.

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

As per the current rates, Dhan Laxmi Bank offers a lower interest rate of 12.90% on Business Loan when compared to Lendingkart which offers a Business Loan at 18.00%.

Know all about Business Loan

Know more about Dhan Laxmi Bank Business Loan

Know more about Lendingkart Business Loan

Compare Dhan Laxmi Bank Business Loan With Other Banks

Compare Lendingkart Business Loan With Other Banks

Know About MSMEs and Mudra Loan

Business Loan News - Apr 2021
  • 2021-04-13 : Bandhan Bank’s collection efficiency ratio at 96% in Q4
    Bandhan Bank reported an overall collection efficiency of 96% for the quarter ending March 2021. Total advances which include retail loans like home, personal, business, car, two-wheeler education and doctor loan along with business and mudra loans grew by 21% at ₹87,054 crores. Deposits which includes fixed and recurring deposits grew by 37% at ₹77,972 crores. Further, CASA deposits increased by 61 per cent at ₹33,827 crores.
  • 2021-04-12 : Rs. 15 lakh crores sanctioned under the Mudra Yojna in last 6 years
    The finance ministry reported that banks and financial institutions have sanctioned Rs. 15 lakh crores to over 28.68 crores beneficiaries in the last 6 years. Prime Minister Mudra Yojna or PMMY was launched in April 2015 with an aim to promote entrepreneurship.
  • 2021-04-07 : IIFL Home Finance signs co-lending agreement with Standard Chartered Bank
    IIFL Home Finance and Standard Chartered Bank have entered into a co-lending arrangement for extending credit. Under this agreement, IIFL Home Finance and the Standard Chartered Bank will co-originate these loans and the IIFL Home Finance will service the customers through the entire loan life-cycle including sourcing, documentation, collection and loan servicing.
  • 2021-04-05 : Yes Bank Jan-March deposits up 54% to 162, 947
    Yes Bank reported that the bank’s loan and advances which include home, personal, LAP, gold, two-wheeler, car and doctor loans along with business and mudra loans increased by 0.8% in year-on-year (YoY) terms to Rs. 172,850 crores. In addition to this, the bank deposit which includes fixed and recurring deposits grew 54.7% to Rs. 162,947 crores as compared to ₹105,364 crores on a yearly basis. The CASA(current and savings account) was up 51.8% to Rs. 42,587 crores against Rs. 28,063 crores YoY.
  • 2021-04-05 : Karnataka Bank targeting 1.42 lakh business turnover in FY 22
    Karnataka Bank is looking for 12% business growth in the current fiscal and targeting 1.42 lakh business turnover. The bank emphasised that it is planning to leverage digital banking to achieve its target.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
Loader
Please wait while your information is being processed...