Compare IIFL vs HDFC Bank Business Loan
Bank |
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
|
SBI
HDFC Bank
ICICI Bank
RBL Bank
Tata Capital
Lendingkart
Bajaj Finserv
IDFC First Bank
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
|
---|---|---|
Interest Rate | Interest Rate 16.00% - 30.00% |
11.90% - 21.35% |
Processing Fees | Processing Fees Up to 2% |
₹ 499 |
Loan Amount | Loan Amount ₹ 1 Lakh to ₹ 35 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 ₹ 2,432 |
₹ 2,628 |
Part Payment Charges | Part Payment Charges Not Allowed |
Not Allowed |
Foreclosure Charges | Foreclosure Charges Allowed after 6 months at 7 - 12 months - 5 - 6% and after 12 months - nil charges |
Allowed after 12 months at 2 - 4% |
Eligible Age | Eligible Age 30 to 60 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 ₹ 20 Lakh |
₹ 1 Cr |
Customer Ratings (Read Reviews) | Customer Ratings (Read Reviews) |
4.5/5.0 |
Compare Business Loan EMI of IIFL and HDFC Bank
Loan Amount | IIFL | HDFC Bank |
---|---|---|
₹ 1 Lakh | ₹ 2,432 | ₹ 2,628 |
₹ 5 Lakh | ₹ 12,159 | ₹ 13,142 |
₹ 10 Lakh | ₹ 24,318 | ₹ 26,285 |
₹ 15 Lakh | ₹ 36,477 | ₹ 39,427 |
Which is a better bank for Business Loan – HDFC Bank or IIFL?
IIFL offers lower Business Loan EMI at Rs. 2432 for 60 Months compared to HDFC Bank with a minimum EMI of Rs. 2628 for 48 Months. In addition, average customer ratings for IIFL is currently at /5.0, making it a good choice for taking a Business Loan.
How does HDFC Bank Business Loan compare with IIFL Business Loan?
A detailed comparison of HDFC Bank and IIFL 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 a lower interest rate on Business Loan – HDFC Bank or IIFL?
As per the current rates, HDFC Bank offers a lower interest rate of 11.90% on loans compared to IIFL, which offers a Business Loan at 16.00%.
Know all about Business Loan
Know more about IIFL Business Loan
Know more about HDFC Bank Business Loan
Compare IIFL Business Loan With Other Banks
Compare HDFC Bank Business Loan With Other Banks
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