Compare Ftcash vs Fullerton India 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 IDBI Bank Ftcash Indifi Neogrowth Allahabad 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 IDBI Bank Indifi Neogrowth Allahabad 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
Interest Rate	Interest Rate 18.00% - 24.00%	17.00% - 21.00%
Processing Fees	Processing Fees 2% of loan amount	2%
Loan Amount	Loan Amount ₹ 50,000 to ₹ 1 Cr	₹ 1.50 Lakh to ₹ 20 Lakh
Loan Tenure	Loan Tenure 1 to 36 Months	12 to 48 Months
Lowest EMI Per Lakh	Lowest EMI Per Lakh ₹ 3,615	₹ 2,886
Part Payment Charges	Part Payment Charges Not Allowed	Allowed after 6 months at 3 - 7%
Foreclosure Charges	Foreclosure Charges Allowed after 1 month at Nil foreclosure charges	Allowed after 6 months at 3 - 7%
Eligible Age	Eligible Age 21 to 65 Years	27 to 65 Years
Minimum Years in Business Required	Minimum Years in Business Required 12 Months	36 Months
Minimum Turnover Required	Minimum Turnover Required ₹ 6 Lakh	₹ 20 Lakh
Customer Ratings (Read Reviews)	Customer Ratings (Read Reviews)	3.5/5.0

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Compare Business Loan EMI of Ftcash and Fullerton India

Loan Amount	Ftcash	Fullerton India
₹ 1 Lakh	₹ 3,615	₹ 2,886
₹ 5 Lakh	₹ 18,076	₹ 14,428
₹ 10 Lakh	₹ 36,152	₹ 28,855
₹ 15 Lakh	₹ 54,229	₹ 43,283

Which is a better bank for Business Loan – Fullerton India or Ftcash?

Fullerton India offers lower Business Loan EMI at Rs. 2886 for 48 Months compared to Ftcash with a minimum EMI of Rs. 3615 for 36 Months. In addition, average customer ratings for Fullerton India is currently at 3.5/5.0, making it a good choice for taking a Business Loan.

How does Fullerton India Business Loan compare with Ftcash Business Loan?

A detailed comparison of Fullerton India 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 Fullerton India Loan is 17.00%, which is lower than the lowest interest rate of Ftcash at 18.00%. Hence, Fullerton India 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 Fullerton India charges a processing fee of Upto 2%.
Ftcash offers Business Loan upto an amount of ₹ 1 Cr, while Fullerton India offers Loan upto an amount of ₹ 20 Lakh. Therefore, 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 the foreclosure facility. Ftcash gives the option to close the loan after 1 months at Nil foreclosure charges and Fullerton India gives the option to close the loan after 6 months at 3 - 7%. This makes Ftcash a better option for Business Loan.
Fullerton India allows part payment on Business Loan after 6 months at 3 - 7%, while Ftcash does not offer a part payment facility. This makes Fullerton India 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 Fullerton India is ₹ 20 Lakh. Hence, small businesses may find is easier to get a loan from Ftcash.
Ftcash can be a better option if you are looking for fund requirements after 12 months. Fullerton India offers a business loan once if business is 36 months old. Hence, Ftcash should be a preferred choice for relatively new enterprises.
Fullerton India has an average customer rating of 3.5. In contrast, has an average customer rating of , based on which it is clear that Fullerton India has a high customer service focus, an easy process and a quick turnaround.

Which bank offers a lower interest rate on Business Loan – Fullerton India or Ftcash?

As per the current rates, Fullerton India offers a lower interest rate of 17.00% on loans compared to Ftcash, which offers a Business Loan at 18.00%.

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