Compare Business Loan - HDFC Bank vs Allahabad Bank
Bank |
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
Ftcash
Indifi
Neogrowth
IDBI 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
ICICI Bank
RBL Bank
Tata Capital
Lendingkart
Bajaj Finserv
IDFC First Bank
IIFL
Bank of Maharashtra
IndusInd Bank
Kotak Bank
Fullerton India
Ftcash
Indifi
Neogrowth
IDBI Bank
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
|
---|---|---|
Parameters | ||
Interest Rate | Interest Rate 15.65% - 21.35% |
14.50% - 18.60% |
Processing Fees | Processing Fees Starting from 0.99%, Max 2.50% |
Rs. 229 - per lac, Min Rs. 2,038 Max Rs. 22,928 |
Loan Amount | Loan Amount ₹ 50,000 to ₹ 50 Lakh |
₹ 1 Lakh to ₹ 20 Lakh |
Loan Tenure | Loan Tenure 12 to 48 Months |
12 to 84 Months |
Lowest EMI Per Lakh | Lowest EMI Per Lakh ₹ 2,816 |
₹ 1,902 |
Part Payment Charges | Part Payment Charges Not Allowed |
Allowed after 0 months at 2.25% |
Foreclosure Charges | Foreclosure Charges Allowed after 12 months at 2 - 4% |
Allowed after 0 months at 2.25% |
Borrower’s Age | Borrower’s Age 21 to 65 Years |
25 to 65 Years |
Minimum Years in Business Required | Minimum Years in Business Required 36 Months |
36 Months |
Minimum Turnover Required | Minimum Turnover Required ₹ 1 Cr |
₹ 0 |
Customer Ratings (Read Reviews) | Customer Ratings (Read Reviews) 4.5/5.0 |
4.5/5.0 |
Compare EMI of HDFC Bank and Allahabad Bank Business Loan
Loan Amount | HDFC Bank | Allahabad Bank |
---|---|---|
₹ 1 Lakh | ₹ 2,816 | ₹ 1,902 |
₹ 5 Lakh | ₹ 14,081 | ₹ 9,509 |
₹ 10 Lakh | ₹ 28,161 | ₹ 19,017 |
₹ 15 Lakh | ₹ 42,242 | ₹ 28,526 |
Which is a better bank for Business Loan – Allahabad Bank or HDFC Bank?
Allahabad Bank offers lower Business Loan EMI at 1902 on a Business Loan for 84 Months as compared to HDFC Bank with a minimum EMI of 2816 for 48 Months. Average customer ratings for Allahabad Bank is currently at 4.5/5.0 which makes it a good choice for taking a Business Loan.
How does Allahabad Bank Business Loan compare with HDFC Bank Business Loan?
A detailed comparison of Allahabad Bank and HDFC Bank 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:
Which bank offers lower interest rate on Business Loan – Allahabad Bank or HDFC Bank?
As per the current rates, Allahabad Bank offers a lower interest rate of 14.50% on Business Loan when compared to HDFC Bank which offers a Business Loan at 15.65%.
Know all about Business Loan
Know more about HDFC Bank Business Loan
Know more about Allahabad Bank Business Loan
Compare HDFC Bank Business Loan With Other Banks
Compare Allahabad Bank Business Loan With Other Banks
Know About MSMEs and Mudra Loan
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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
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