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Compare Business Loan - Fullerton India vs DCB Bank

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Bank
Parameters
Interest Rate
Interest Rate
17.00% - 21.00%
9.25% - 16.00%
Processing Fees
Processing Fees
2%
Upto 2% of the loan amount
Loan Amount
Loan Amount
₹ 1.50 Lakh to ₹ 20 Lakh
₹ 1 Lakh to ₹ 40 Lakh
Loan Tenure
Loan Tenure
12 to 48 Months
12 to 60 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,886
₹ 2,088
Part Payment Charges
Part Payment Charges
Allowed after 6 months at 3 - 7%
Allowed after 6 months at 7-36 Months: 4%, >36 Months: 6%
Foreclosure Charges
Foreclosure Charges
Allowed after 6 months at 3 - 7%
Allowed after 12 months at 4 - 6%
Eligible Age
Eligible Age
27 to 65 Years
25 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
36 Months
0 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 20 Lakh
₹ 50 Lakh
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
3.5/5.0
3.5/5.0
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Compare EMI of Fullerton India and DCB Bank Business Loan

Loan Amount Fullerton India DCB Bank
₹ 1 Lakh ₹ 2,886 ₹ 2,088
₹ 5 Lakh ₹ 14,428 ₹ 10,440
₹ 10 Lakh ₹ 28,855 ₹ 20,880
₹ 15 Lakh ₹ 43,283 ₹ 31,320

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

DCB Bank offers lower Business Loan EMI at 2088 on a Business Loan for 60 Months as compared to Fullerton India with a minimum EMI of 2886 for 48 Months. Average customer ratings for DCB Bank is currently at 3.5/5.0 which makes it a good choice for taking a Business Loan.

How does DCB Bank Business Loan compare with Fullerton India Business Loan?

A detailed comparison of DCB Bank and Fullerton India 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 9.25%, which is lower than the lowest interest rate of Fullerton India at 17.00%. Hence, DCB Bank is offering a cheaper loan option.
  • When compared on other Business Loan charges such as processing fees, Fullerton India charges a processing fees of 2% while DCB Bank charges a processing fees of Upto 2% of the loan amount.
  • DCB Bank offers Business Loan upto an amount of ₹ 40 Lakh while Fullerton India offer Business Loan upto an amount of ₹ 20 Lakh. DCB 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. Fullerton India gives the option to close the loan after 6 months at 3 - 7% and DCB Bank gives the option to close the loan after 12 months at 4 - 6%. This makes Fullerton India a better option for Business Loan.
  • DCB Bank and Fullerton India allow part payment on Business Loan after 6 months at 7-36 Months: 4%, >36 Months: 6%. DCB Bank applies a charge of 7-36 Months: 4%, >36 Months: 6% and Fullerton India charges 3 - 7% on Business Loan.
  • Fullerton India gives business loan at a minimum turnover of ₹ 20 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 Fullerton India.
  • DCB Bank can be a better option if you are looking for fund requirements after 0 months. Fullerton India offers a business loan once if business is 36 months old. Hence, DCB Bank should be a preferred choice for relatively new enterprises.
  • DCB Bank with an average customer ratings of 3.5 is equally comparable to Fullerton India with an average customer rating of 3.5. 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 Fullerton India?

As per the current rates, DCB Bank offers a lower interest rate of 9.25% on Business Loan when compared to Fullerton India which offers a Business Loan at 17.00%.

Know all about Business Loan

Know more about Fullerton India Business Loan

Know more about DCB Bank Business Loan

Compare Fullerton India Business Loan With Other Banks

Compare DCB Bank Business Loan With Other Banks

Know About MSMEs and Mudra Loan

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Business Loan News - Jul 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.
*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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