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Compare Business Loan - Ftcash vs OBC

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Interest Rate
Interest Rate
18.00% - 24.00%
11.95% - 0.00%
Processing Fees
Processing Fees
2% of loan amount
0.50% of Loan Amount
Loan Amount
Loan Amount
₹ 50,000 to ₹ 1 Cr
₹ 1 Lakh to ₹ 2 Cr
Loan Tenure
Loan Tenure
1 to 36 Months
12 to 84 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 3,615
₹ 1,763
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
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
₹ 0
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare EMI of Ftcash and OBC Business Loan

Loan Amount Ftcash OBC
₹ 1 Lakh ₹ 3,615 ₹ 1,763
₹ 5 Lakh ₹ 18,076 ₹ 8,813
₹ 10 Lakh ₹ 36,152 ₹ 17,626
₹ 15 Lakh ₹ 54,229 ₹ 26,439

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

OBC offers lower Business Loan EMI at 1763 on a Business Loan for 84 Months as compared to Ftcash with a minimum EMI of 3615 for 36 Months. Average customer ratings for OBC is currently at /5.0 which makes it a good choice for taking a Business Loan.

How does OBC Business Loan compare with Ftcash Business Loan?

A detailed comparison of OBC 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 OBC Business Loan is 11.95%, which is lower than the lowest interest rate of Ftcash at 18.00%. Hence, OBC 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 OBC charges a processing fees of 0.50% of Loan Amount.
  • OBC offers Business Loan upto an amount of ₹ 2 Cr while Ftcash offer Business Loan upto an amount of ₹ 1 Cr. OBC 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. OBC 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 OBC a better option for Business Loan.
  • OBC allows part payment on Business Loan after Zero months at Nil charges, while Ftcash does not offer part payment facility on Business Loan. This makes OBC a better option for customers who want to retain the flexibility of reducing their loans whenever they have surplus funds available.
  • OBC 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 OBC.
  • OBC 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, OBC 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 – OBC or Ftcash?

As per the current rates, OBC offers a lower interest rate of 11.95% 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

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Business Loan News - Aug 2021
  • 2021-07-16 : Amalgamation of Bank of Baroda, erstwhile Vijaya Bank and erstwhile Dena Bank
    Bank of Baroda, on its website, stated that the IFSC codes of the erstwhile Vijaya Bank and Dena Bank were discontinued on March 1, 2021. Customers have been asked to apply for cheque books with the new MICR code at the earliest.
  • 2021-07-16 : UBI update on change in IFSC code for merged banks - Andhra Bank and Corporation Bank
    Union Bank of India (UBI) on Friday said the IFSC codes of the erstwhile e-Andhra Bank and e-Corporation Bank branches will change with effect from July 1, 2021. Customers of the erstwhile banks will have to get new cheque books with changed IFSC and MICR codes
  • 2021-07-16 : Bandhan Bank total loans rise 8% to ₹80,128 crore in Q1, deposits up 28%
    Bandhan Bank witnessed an 8% rise in its loans and advances to ₹80,128 crores in the June quarter this fiscal. The loans and advances during the same period of 2020 stood at ₹74,331 crore. Compared sequentially, it was down by 8% from ₹87,043 crores in the March quarter. Total deposits grew by 28% year-on-year to ₹77,336 crores, while the CASA (current account and savings account) deposits jumped by 48% to ₹33,197 crores in the first quarter of 2021-22.
  • 2021-07-15 : Indian Bank merger with Allahabad Bank - Change in IFSC
    The Indian Bank, which has merged with the Allahabad Bank, carried out a software migration over the weekend. As the merger got completed, new rules had been issued by the bank with regard to its services. Existing customers were asked on July 1 to get a new IFSC code to carry out online transactions smoothly.
  • 2021-07-15 : OBC & UBI merged with PNB
    After the merger of OBC and UBI with PNB in April 2020, PNB has now updated the IFSC codes of all the branches of PNB and UBI. New IFSC codes have come into effect from July 1, 2021.
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