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Compare Ftcash vs Corporation Bank Business Loan

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Bank
Interest Rate
Interest Rate
18.00% - 24.00%
13.55% - 14.55%
Processing Fees
Processing Fees
2% of loan amount
1.5%, Min Rs. 500
Loan Amount
Loan Amount
₹ 50,000 to ₹ 1 Cr
₹ 2 Lakh to ₹ 5 Cr
Loan Tenure
Loan Tenure
1 to 36 Months
12 to 84 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 3,615
₹ 1,849
Part Payment Charges
Part Payment Charges
Not Allowed
Allowed after 0 months at Nil prepayment charges
Foreclosure Charges
Foreclosure Charges
Allowed after 1 month at Nil foreclosure charges
Allowed after 0 months at Nil prepayment charges
Eligible Age
Eligible Age
21 to 65 Years
21 to 58 Years
Minimum Years in Business Required
Minimum Years in Business Required
12 Months
12 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 6 Lakh
₹ 0
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Business Loan EMI of Ftcash and Corporation Bank

Loan Amount Ftcash Corporation Bank
₹ 1 Lakh ₹ 3,615 ₹ 1,849
₹ 5 Lakh ₹ 18,076 ₹ 9,246
₹ 10 Lakh ₹ 36,152 ₹ 18,492
₹ 15 Lakh ₹ 54,229 ₹ 27,738

Which is a better bank for Business Loan – Corporation Bank or Ftcash?

Corporation Bank offers lower Business Loan EMI at Rs. 1849 for 84 Months compared to Ftcash with a minimum EMI of Rs. 3615 for 36 Months. In addition, average customer ratings for Corporation Bank is currently at /5.0, making it a good choice for taking a Business Loan.

How does Corporation Bank Business Loan compare with Ftcash Business Loan?

A detailed comparison of Corporation Bank and Ftcash 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 Corporation Bank Loan is 13.55%, which is lower than the lowest interest rate of Ftcash at 18.00%. Hence, Corporation Bank is offering a cheaper loan option.
  • Compared to other Business Loan charges such as processing fees, Ftcash charges a processing fee of 2% of loan amount, while Corporation Bank charges a processing fee of Upto 1.5%, Min Rs. 500.
  • Corporation Bank offers Business Loan upto an amount of ₹ 5 Cr, while Ftcash offers Loan upto an amount of ₹ 1 Cr. Therefore, Corporation 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. Corporation Bank gives the option to close the loan after Zero months at Nil prepayment charges and Ftcash gives the option to close the loan after 1 months at Nil foreclosure charges. This makes Corporation Bank a better option for Business Loan.
  • Corporation Bank allows part payment on Business Loan after Zero months at Nil charges, while Ftcash does not offer a part payment facility. This makes Corporation Bank a better option for customers who want to retain the flexibility of reducing their loans whenever they have surplus funds available.
  • Corporation Bank gives business loan at a minimum turnover of ₹ 0 . However, the turnover requirement for a business loan from Ftcash is ₹ 6 Lakh. Hence, small businesses may find is easier to get a loan from Corporation Bank.
  • Corporation Bank and Ftcash offer a business loan if your business has completed 12 months. Hence, Corporation Bank and Ftcash both can 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 – Corporation Bank or Ftcash?

As per the current rates, Corporation Bank offers a lower interest rate of 13.55% on loans compared to Ftcash, which offers a Business Loan at 18.00%.

Know all about Business Loan

Know more about Ftcash Business Loan

Know more about Corporation Bank Business Loan

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*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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