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Compare ICICI Bank vs DCB Bank Business Loan

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Bank
Interest Rate
Interest Rate
16.50% - 20.00%
9.25% - 16.00%
Processing Fees
Processing Fees
Starting from 0.99%, Up to 2%
Upto 2% of the loan amount
Loan Amount
Loan Amount
₹ 1 Lakh to ₹ 40 Lakh
₹ 1 Lakh to ₹ 40 Lakh
Loan Tenure
Loan Tenure
12 to 36 Months
12 to 60 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 3,540
₹ 2,088
Part Payment Charges
Part Payment Charges
Not Allowed
Allowed after 6 months at 7-36 Months: 4%, >36 Months: 6%
Foreclosure Charges
Foreclosure Charges
Allowed after 6 months at 5%
Allowed after 12 months at 4 - 6%
Eligible Age
Eligible Age
25 to 65 Years
25 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
36 Months
NA
Minimum Turnover Required
Minimum Turnover Required
₹ 60 Lakh
₹ 50 Lakh
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
3.5/5.0
3.5/5.0
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Compare Business Loan EMI of ICICI Bank and DCB Bank

Loan Amount ICICI Bank DCB Bank
₹ 1 Lakh ₹ 3,540 ₹ 2,088
₹ 5 Lakh ₹ 17,702 ₹ 10,440
₹ 10 Lakh ₹ 35,404 ₹ 20,880
₹ 15 Lakh ₹ 53,107 ₹ 31,320

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

DCB Bank offers lower Business Loan EMI at Rs. 2088 for 60 Months compared to ICICI Bank with a minimum EMI of Rs. 3540 for 36 Months. In addition, average customer ratings for DCB Bank is currently at 3.5/5.0, making it a good choice for taking a Business Loan.

How does DCB Bank Business Loan compare with ICICI Bank Business Loan?

A detailed comparison of DCB Bank and ICICI 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:

  • Lowest Interest rate of DCB Bank Loan is 9.25%, which is lower than the lowest interest rate of ICICI Bank at 16.50%. Hence, DCB Bank is offering a cheaper loan option.
  • Compared to other Business Loan charges such as processing fees, ICICI Bank charges a processing fee of Starting from 0.99%, Up to 2%, while DCB Bank charges a processing fee of Upto Upto 2% of the loan amount.
  • One feature that makes Business Loan a better option is the foreclosure facility. ICICI Bank gives the option to close the loan after 6 months at 5% and DCB Bank gives the option to close the loan after 12 months at 4 - 6%. This makes ICICI Bank a better option for Business Loan.
  • DCB Bank allows part payment on Business Loan after 6 months at 7-36 Months: 4%, >36 Months: 6%, while ICICI Bank does not offer a part payment facility. This makes DCB Bank a better option for customers who want to retain the flexibility of reducing their loans whenever they have surplus funds available.
  • DCB Bank gives business loan at a minimum turnover of ₹ 50 Lakh. However, the turnover requirement for a business loan from ICICI Bank is ₹ 60 Lakh. Hence, small businesses may find is easier to get a loan from DCB Bank.
  • ICICI Bank can be a better option if you are looking for fund requirements after 36 months. DCB Bank offers a business loan once if business is NA months old. Hence, ICICI Bank should be a preferred choice for relatively new enterprises.
  • DCB Bank with an average customer rating of 3.5 is equally comparable to ICICI Bank 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 a lower interest rate on Business Loan – DCB Bank or ICICI Bank?

As per the current rates, DCB Bank offers a lower interest rate of 9.25% on loans compared to ICICI Bank, which offers a Business Loan at 16.50%.

Know all about Business Loan

Know more about ICICI Bank Business Loan

Know more about DCB Bank Business Loan

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Business Loan News - May 2022
  • 2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
    The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year.
  • 2022-05-03 : HDFC Profit Rises by 16% for Q4 of FY 2022
    Housing Development Finance Corporation has reported a 16% year-on-year rise in its standalone net profit for the March quarter to Rs 3,700 crore on the back of strong growth in loans and net interest income (NII).
  • 2022-04-29 : Axis Bank Net Profit Jumps to Rs 4,118 crore in March Quarter
    The bank has reported a 54 percent jump in its standalone net profit to Rs 4,117.77 crore from a net profit of Rs 2,677.06 crore in the year-ago period for the quarter ended March 2022.
  • 2022-04-29 : ICICI Bank Launches Digital Ecosystem for MSMEs
    The new digital ecosystem comprises three pillars, including enhanced banking services for existing customers, MSMEs who are customers of other banks, and other value-added services for all.
  • 2022-04-28 : Union Bank Rolls out Automated Solution for Recovery of Bad Loans
    Union Bank of India will be using a first-of-its-kind stressed asset recovery automated solution (SARAS) to help the bank enforce securities, track recoveries, and enhance monitoring of stressed assets.
*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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