MyLoanCare is a FREE of cost service for borrowers

Get Voucher of Upto ₹1,000* on Business Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0

Compare Indifi vs Bank of Baroda Business Loan

Download Comparison
Bank
Interest Rate
Interest Rate
15.00% - 24.00%
14.10% - 14.10%
Processing Fees
Processing Fees
2% of the loan amount
Upto 1.00%
Loan Amount
Loan Amount
₹ 0 to ₹ 5 Lakh
₹ 1 Lakh to ₹ 2 Lakh
Loan Tenure
Loan Tenure
36 Months
12 to 36 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 3,467
₹ 3,423
Part Payment Charges
Part Payment Charges
Allowed after 0 months at Nil charges
Not Allowed
Foreclosure Charges
Foreclosure Charges
Allowed after 0 months at 4% charges
Allowed after 1 month at Nil prepayment charges
Eligible Age
Eligible Age
23 to 65 Years
21 to 60 Years
Minimum Years in Business Required
Minimum Years in Business Required
NA
NA
Minimum Turnover Required
Minimum Turnover Required
₹ 0
₹ 0
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
5/5.0
5/5.0
Add Bank

Compare Business Loan EMI of Indifi and Bank of Baroda

Loan Amount Indifi Bank of Baroda
₹ 1 Lakh ₹ 3,467 ₹ 3,423
₹ 5 Lakh ₹ 17,333 ₹ 17,113
₹ 10 Lakh ₹ 34,665 ₹ 34,226
₹ 15 Lakh ₹ 51,998 ₹ 51,339

Which is a better bank for Business Loan – Bank of Baroda or Indifi?

Bank of Baroda offers lower Business Loan EMI at Rs. 3423 for 36 Months compared to Indifi with a minimum EMI of Rs. 3467 for 36 Months. In addition, average customer ratings for Bank of Baroda is currently at 5/5.0, making it a good choice for taking a Business Loan.

How does Bank of Baroda Business Loan compare with Indifi Business Loan?

A detailed comparison of Bank of Baroda and Indifi 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 Bank of Baroda Loan is 14.10%, which is lower than the lowest interest rate of Indifi at 15.00%. Hence, Bank of Baroda is offering a cheaper loan option.
  • Compared to other Business Loan charges such as processing fees, Indifi charges a processing fee of 2% of the loan amount, while Bank of Baroda charges a processing fee of Upto Upto 1.00%.
  • Indifi offers Business Loan upto an amount of ₹ 5 Lakh, while Bank of Baroda offers Loan upto an amount of ₹ 2 Lakh. Therefore, Indifi can be a better option if you are looking for a high value amount.
  • One feature that makes Business Loan a better option is the foreclosure facility. Indifi gives the option to close the loan after Zero months at 4% charges and Bank of Baroda gives the option to close the loan after 1 months at Nil prepayment charges. This makes Indifi a better option for Business Loan.
  • Indifi allows part payment on Business Loan after Zero months at Nil charges, while Bank of Baroda does not offer a part payment facility. This makes Indifi a better option for customers who want to retain the flexibility of reducing their loans whenever they have surplus funds available.
  • Bank of Baroda and Indifi offer a business loan if your business has completed NA months. Hence, Bank of Baroda and Indifi both can be a preferred choice for relatively new enterprises.
  • Bank of Baroda with an average customer rating of 5 is equally comparable to Indifi with an average customer rating of 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 – Bank of Baroda or Indifi?

As per the current rates, Bank of Baroda offers a lower interest rate of 14.10% on loans compared to Indifi, which offers a Business Loan at 15.00%.

Know all about Business Loan

Know more about Indifi Business Loan

Know more about Bank of Baroda Business Loan

Compare Indifi Business Loan With Other Banks

Compare Bank of Baroda Business Loan With Other Banks

Know About MSMEs and Mudra Loan

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 8.00%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.49% with Cashback of up to ₹ 1,000.

    Check Offers
  • Loan Against Property

    Best Loan Against Property Offers starting @ 9.20%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 7.05%.

    Invest Now
Business Loan News - Dec 2022
  • 2022-11-02 : Karnataka Bank Registers Net Profit in the Q2 of 2022-23
    The bank has registered a net profit of ₹411.63 crores in the Q2 of 2022-23. In the corresponding quarter, it saw ₹125.61 crores, thus registering a growth of 227.70 percent.
  • 2022-10-18 : SBI Credit Card Holders ALERT! State Bank hikes charges on EMI transactions, Rent Payments
    In a move that may further make credit card usage costlier, the State Bank of India has revised certain charges for its credit card users. The new charges will come into effect from November 15. The processing fee on merchant EMI transactions has been revised to Rs 199 + applicable taxes from earlier Rs 99 + applicable taxes. Processing fee on rent payment transactions will be Rs 99 + applicable taxes," said the bank.
  • 2022-10-18 : SBI launches its digital banking unit in Goa
    As part of the Union government’s initiative, a digital banking unit (DBU) of the State Bank of India (SBI) was inaugurated in Goa. The initiative aims to ensure that the benefits of digital banking reach every nook and corner of the country. The DBUs will offer banking products and services to the customers 24x7.
  • 2022-09-09 : HDFC Bank to introduce 10-second personal loan service
    India’s largest private sector lender HDFC Bank is aiming at introducing the 10-seconds loan service for everyone including those who do not have an account with the bank. The bank has been a paradigm pioneer in 10-second loans for existing customers and has been able to deliver this over the past six years.
  • 2022-08-18 : HDFC bank opens its first all women branch in Kerela`s kozhikode.
    HDFC has opened its first all-women branch in Kozhikode. The branch, located in Cherootty Road, the hub of traders in the district, will have 4 women bankers. HDFC Bank is driving diversity and inclusion within the organization with a special focus on enhancing gender diversity.
*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
Loader
Please wait while your information is being processed...