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 - Ftcash vs DCB Bank

Download Comparison
Bank
Parameters
Interest Rate
Interest Rate
18.00% - 24.00%
13.70% - 18.00%
Processing Fees
Processing Fees
2% of loan amount
2%
Loan Amount
Loan Amount
₹ 50,000 to ₹ 1 Cr
₹ 1 Lakh to ₹ 40 Lakh
Loan Tenure
Loan Tenure
1 to 36 Months
12 to 60 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 3,615
₹ 2,311
Part Payment Charges
Part Payment Charges
Not Allowed
Allowed after 6 months at 7-36 Months: 4%, >36 Months: 6%
Foreclosure Charges
Foreclosure Charges
Allowed after 1 month at Nil foreclosure charges
Allowed after 12 months at 4 - 6%
Eligible Age
Eligible Age
21 to 65 Years
25 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
12 Months
0 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 6 Lakh
₹ 50 Lakh
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
Add Bank

Compare EMI of Ftcash and DCB Bank Business Loan

Loan Amount Ftcash DCB Bank
₹ 1 Lakh ₹ 3,615 ₹ 2,311
₹ 5 Lakh ₹ 18,076 ₹ 11,557
₹ 10 Lakh ₹ 36,152 ₹ 23,113
₹ 15 Lakh ₹ 54,229 ₹ 34,670

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

DCB Bank offers lower Business Loan EMI at 2311 on a Business Loan for 60 Months as compared to Ftcash with a minimum EMI of 3615 for 36 Months. Average customer ratings for DCB Bank is currently at /5.0 which makes it a good choice for taking a Business Loan.

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

A detailed comparison of DCB 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 DCB Bank Business Loan is 13.70%, which is lower than the lowest interest rate of Ftcash at 18.00%. Hence, DCB Bank is offering a cheaper loan option.
  • When compared on other Business Loan charges such as processing fees, Ftcash charges a processing fees of 2% of loan amount while DCB Bank charges a processing fees of 2%.
  • Ftcash offers Business Loan upto an amount of ₹ 1 Cr while DCB Bank offer Business Loan upto an amount of ₹ 40 Lakh. Ftcash 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. Ftcash 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 Ftcash 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 Ftcash does not offer part payment facility on Business Loan. 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.
  • Ftcash gives business loan at a minimum turnover of ₹ 6 Lakh. 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 Ftcash.
  • DCB Bank can be a better option if you are looking for fund requirements after 0 months. Ftcash offers a business loan once if business is 12 months old. Hence, DCB Bank should be a preferred choice for relatively new enterprises.
  • with an average customer ratings 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 lower interest rate on Business Loan – DCB Bank or Ftcash?

As per the current rates, DCB Bank offers a lower interest rate of 13.70% on Business Loan when 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 DCB Bank Business Loan

Compare Ftcash Business Loan With Other Banks

Compare DCB Bank Business Loan With Other Banks

Know About MSMEs and Mudra Loan

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.65%. Cashback of up to ₹ 1,000.

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000 .

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.50% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 7.20%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 6.95%.

    Invest Now
Business Loan News - Jun 2021
  • 2021-06-10 : Rural Loan Collections to be affected by the Second wave
    As the borrowers are continuously facing the issues created by the pandemic, India Ratings - a rating agency reported that the collections of Rural Loan which includes Home Loan, Loan Against Property, Business Loan, Personal Loan, etc. will be vastly affected because of the second wave of Covid-19.
  • 2021-06-10 : Edelweiss to become co-lending partners with Central Bank of India
    Edelweiss Retail Finance Ltd. (ERFL) strengthened its co-lending partnership with the Central Bank of India in order to ensure priority sector lending to the MSMEs. MSMEs can now avail collateral free loans of upto 50 lakhs and Loan against property of upto Rs 10 crores.
  • 2021-06-10 : Central Bank of India to become co-lending partners with Edelweiss
    Edelweiss Retail Finance Ltd. (ERFL) strengthened its co-lending partnership with the Central Bank of India in order to ensure priority sector lending to the MSMEs. MSMEs can now avail collateral free loans of upto 50 lakhs and Loan against property of upto Rs 10 crores.
  • 2021-06-09 : Healthcare business loan to be provided by Canara Bank
    Under the recently announced ‘Canara Jeevanrekha healthcare business loan’, loans of upto Rs 2 crores will be offered by Canara Bank at concessional interest rates. The loan is offered to the manufacturers and suppliers, especially of healthcare products.
  • 2021-06-04 : More than Rs.15 lakh crores sanctioned under Mudra Yojana
    Finance Ministry reported that over Rs 15 lakh crore has been sanctioned to more than 28 crore beneficiaries under the Mudra Yojana. The scheme was launched in April 2015 with the aim to support the MSME sector.
*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
Loader
Please wait while your information is being processed...