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Compare Business Loan - Fullerton India vs Tata Capital

Bank
Parameters
Interest Rate
Interest Rate
20.00% - 33.50%
21.00% - 23.00%
Processing Fees
Processing Fees
2%
From 1.50% to 2.50%
Loan Amount
Loan Amount
₹ 1.50 Lakh to ₹ 20 Lakh
₹ 5 Lakh to ₹ 50 Lakh
Loan Tenure
Loan Tenure
12 to 48 Months
12 to 48 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 3,043
₹ 3,097
Part Payment Charges
Part Payment Charges
Allowed after 6 months at 3 - 7%
Not Allowed
Foreclosure Charges
Foreclosure Charges
Allowed after 6 months at 3 - 7%
Allowed after 6 months at 4.5% of outstanding balance
Borrower’s Age
Borrower’s Age
27 to 65 Years
25 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
36 Months
60 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 20 Lakh
₹ 1 Cr
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
3.5/5.0
5/5.0
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Compare EMI of Fullerton India and Tata Capital Business Loan

Loan Amount Fullerton India Tata Capital
₹ 1 Lakh ₹ 3,043 ₹ 3,097
₹ 5 Lakh ₹ 15,215 ₹ 15,483
₹ 10 Lakh ₹ 30,430 ₹ 30,966
₹ 15 Lakh ₹ 45,646 ₹ 46,449

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

Fullerton India offers lower Business Loan EMI at 3043 on a Business Loan for 48 Months as compared to Tata Capital with a minimum EMI of 3097 for 48 Months. Average customer ratings for Fullerton India is currently at 3.5/5.0 which makes it a good choice for taking a Business Loan.

How does Fullerton India Business Loan compare with Tata Capital Business Loan?

A detailed comparison of Fullerton India and Tata Capital 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 Business Loan is 20.00%, which is lower than the lowest interest rate of Tata Capital at 21.00%. Hence, Fullerton India 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 Tata Capital charges a processing fees of From 1.50% to 2.50%.
  • Tata Capital offers Business Loan upto an amount of ₹ 50 Lakh while Fullerton India offer Business Loan upto an amount of ₹ 20 Lakh. Tata Capital 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 and Tata Capital gives the option to close the loan after 6 months at 3 - 7% and 4.5% of outstanding balance. This makes Fullerton India a better option for Business Loan.
  • Fullerton India allows part payment on Business Loan after 6 months at 3 - 7%, while Tata Capital does not offer part payment facility on Business Loan. 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.
  • Fullerton India gives business loan at a minimum turnover of ₹ 20 Lakh. However, the turnover requirement for a business loan from Tata Capital is ₹ 1 Cr. Hence, small businesses may find is easier to get a loan from Fullerton India.
  • Fullerton India can be a better option if you are looking for fund requirements after 36 months. Tata Capital offers a business loan once if business is 60 months old. Hence, Fullerton India should be a preferred choice for relatively new enterprises.
  • Tata Capital has an average customer ratings of 5, while Fullerton India has an average customer rating of 3.5, based on which it is clear that Tata Capital has a high customer service focus, an easy Business Loan process and a quick turnaround.

Which bank offers lower interest rate on Business Loan – Fullerton India or Tata Capital?

As per the current rates, Fullerton India offers a lower interest rate of 20.00% on Business Loan when compared to Tata Capital which offers a Business Loan at 21.00%.

Know all about Business Loan

Know more about Fullerton India Business Loan

Know more about Tata Capital Business Loan

Compare Fullerton India Business Loan With Other Banks

Compare Tata Capital Business Loan With Other Banks

Know About MSMEs and Mudra Loan

Business Loan News - Apr 2021
  • 2021-04-12 : Rs. 15 lakh crores sanctioned under the Mudra Yojna in last 6 years
    The finance ministry reported that banks and financial institutions have sanctioned Rs. 15 lakh crores to over 28.68 crores beneficiaries in the last 6 years. Prime Minister Mudra Yojna or PMMY was launched in April 2015 with an aim to promote entrepreneurship.
  • 2021-04-07 : IIFL Home Finance signs co-lending agreement with Standard Chartered Bank
    IIFL Home Finance and Standard Chartered Bank have entered into a co-lending arrangement for extending credit. Under this agreement, IIFL Home Finance and the Standard Chartered Bank will co-originate these loans and the IIFL Home Finance will service the customers through the entire loan life-cycle including sourcing, documentation, collection and loan servicing.
  • 2021-04-05 : Yes Bank Jan-March deposits up 54% to 162, 947
    Yes Bank reported that the bank’s loan and advances which include home, personal, LAP, gold, two-wheeler, car and doctor loans along with business and mudra loans increased by 0.8% in year-on-year (YoY) terms to Rs. 172,850 crores. In addition to this, the bank deposit which includes fixed and recurring deposits grew 54.7% to Rs. 162,947 crores as compared to ₹105,364 crores on a yearly basis. The CASA(current and savings account) was up 51.8% to Rs. 42,587 crores against Rs. 28,063 crores YoY.
  • 2021-04-05 : Karnataka Bank targeting 1.42 lakh business turnover in FY 22
    Karnataka Bank is looking for 12% business growth in the current fiscal and targeting 1.42 lakh business turnover. The bank emphasised that it is planning to leverage digital banking to achieve its target.
  • 2021-03-26 : Digital Banking likely to play a major role in the banking sector
    RBI Governor emphasised that digital lending is going to play a major role in the coming years and the market will be more technology-dependent. Further, he suggested that banks need to adapt to new technologies and adapt to the changes and transformations which are happening in the world of digital lending to remain in sync with time.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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