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Compare Business Loan - IDBI Bank vs HDFC Bank

Interest Rate
Interest Rate
12.25% - 13.50%
15.65% - 21.35%
Processing Fees
Processing Fees
Starting from 0.99%, Max 2.50%
Loan Amount
Loan Amount
₹ 50,000 to ₹ 5 Lakh
₹ 50,000 to ₹ 50 Lakh
Loan Tenure
Loan Tenure
12 to 60 Months
12 to 48 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,237
₹ 2,816
Part Payment Charges
Part Payment Charges
Not Allowed
Not Allowed
Foreclosure Charges
Foreclosure Charges
Allowed after 1 month at Before 6 months - 2%, After that Nil prepayment charges
Allowed after 12 months at 2 - 4%
Borrower’s Age
Borrower’s Age
22 to 58 Years
21 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
36 Months
36 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 30 Lakh
₹ 1 Cr
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare EMI of IDBI Bank and HDFC Bank Business Loan

Loan Amount IDBI Bank HDFC Bank
₹ 1 Lakh ₹ 2,237 ₹ 2,816
₹ 5 Lakh ₹ 11,185 ₹ 14,081
₹ 10 Lakh ₹ 22,371 ₹ 28,161
₹ 15 Lakh ₹ 33,556 ₹ 42,242

Which is a better bank for Business Loan – IDBI Bank or HDFC Bank?

IDBI Bank offers lower Business Loan EMI at 2237 on a Business Loan for 60 Months as compared to HDFC Bank with a minimum EMI of 2816 for 48 Months. Average customer ratings for IDBI Bank is currently at /5.0 which makes it a good choice for taking a Business Loan.

How does IDBI Bank Business Loan compare with HDFC Bank Business Loan?

A detailed comparison of IDBI 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:

  • Lowest Interest rate of IDBI Bank Business Loan is 12.25%, which is lower than the lowest interest rate of HDFC Bank at 15.65%. Hence, IDBI Bank is offering a cheaper loan option.
  • When compared on other Business Loan charges such as processing fees, IDBI Bank charges a processing fees of 1.00% while HDFC Bank charges a processing fees of Starting from 0.99%, Max 2.50%.
  • HDFC Bank offers Business Loan upto an amount of ₹ 50 Lakh while IDBI Bank offer Business Loan upto an amount of ₹ 5 Lakh. HDFC 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. IDBI Bank gives the option to close the loan after 1 months at Before 6 months - 2%, After that Nil prepayment charges and HDFC Bank gives the option to close the loan after 12 months at 2 - 4%. This makes IDBI Bank a better option for Business Loan.
  • IDBI Bank gives business loan at a minimum turnover of ₹ 30 Lakh. However, the turnover requirement for a business loan from HDFC Bank is ₹ 1 Cr. Hence, small businesses may find is easier to get a loan from IDBI Bank.
  • HDFC Bank and IDBI Bank offer a business loan if your business has completed 36 months. Hence, HDFC Bank and IDBI Bank both can be a preferred choice for relatively new enterprises.
  • HDFC Bank has an average customer ratings of 4.5, while has an average customer rating of , based on which it is clear that HDFC Bank has a high customer service focus, an easy Business Loan process and a quick turnaround.

Which bank offers lower interest rate on Business Loan – IDBI Bank or HDFC Bank?

As per the current rates, IDBI Bank offers a lower interest rate of 12.25% on Business Loan when compared to HDFC Bank which offers a Business Loan at 15.65%.

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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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