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Compare Business Loan - Indifi vs Ftcash

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Bank
Parameters
Interest Rate
Interest Rate
18.00% - 0.00%
18.00% - 24.00%
Processing Fees
Processing Fees
2 to 3%
2% of loan amount
Loan Amount
Loan Amount
₹ 1 Lakh to ₹ 50 Lakh
₹ 50,000 to ₹ 1 Cr
Loan Tenure
Loan Tenure
12 to 60 Months
1 to 36 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,539
₹ 3,615
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 foreclosure charges
Eligible Age
Eligible Age
23 to 65 Years
21 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
0 Months
12 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 0
₹ 6 Lakh
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
5/5.0
5/5.0
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Compare EMI of Indifi and Ftcash Business Loan

Loan Amount Indifi Ftcash
₹ 1 Lakh ₹ 2,539 ₹ 3,615
₹ 5 Lakh ₹ 12,697 ₹ 18,076
₹ 10 Lakh ₹ 25,393 ₹ 36,152
₹ 15 Lakh ₹ 38,090 ₹ 54,229

Which is a better bank for Business Loan – Ftcash or Indifi?

Indifi offers lower Business Loan EMI at 2539 on a Business Loan for 60 Months as compared to Ftcash with a minimum EMI of 3615 for 36 Months. Average customer ratings for Indifi is currently at 5/5.0 which makes it a good choice for taking a Business Loan.

How does Ftcash Business Loan compare with Indifi Business Loan?

A detailed comparison of Ftcash 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 Ftcash and Indifi Business Loan is 18.00%. Hence, both banks are at par in terms of interest rate on Business Loan
  • When compared on other Business Loan charges such as processing fees, Indifi charges a processing fees of 2 to 3% while Ftcash charges a processing fees of 2% of loan amount.
  • Ftcash offers Business Loan upto an amount of ₹ 1 Cr while Indifi offer Business Loan upto an amount of ₹ 50 Lakh. Ftcash 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. Indifi gives the option to close the loan after Zero months at 4% charges and Ftcash gives the option to close the loan after 1 months at Nil foreclosure charges. This makes Indifi a better option for Business Loan.
  • Indifi allows part payment on Business Loan after Zero months at Nil charges, while Ftcash does not offer part payment facility on Business Loan. This makes Indifi a better option for customers who want to retain the flexibility of reducing their loans whenever they have surplus funds available.
  • Indifi gives business loan at a minimum turnover of ₹ 0 . However, the turnover requirement for a business loan from Ftcash is ₹ 6 Lakh. Hence, small businesses may find is easier to get a loan from Indifi.
  • Indifi can be a better option if you are looking for fund requirements after 0 months. Ftcash offers a business loan once if business is 12 months old. Hence, Indifi should be a preferred choice for relatively new enterprises.
  • Ftcash with an average customer ratings 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 lower interest rate on Business Loan – Ftcash or Indifi?

The lowest interest rate for both Ftcash and Indifi on Business Loan currently starts from 18.00%. Hence, both banks are a good choice for potential borrowers.

Know all about Business Loan

Know more about Indifi Business Loan

Know more about Ftcash Business Loan

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Business Loan News - Jun 2021
  • 2021-06-23 : Capital India Home Loan plans to double asset book to Rs 250 crore this fiscal
    Capital India Home Loan aims to double its asset book to over Rs 250 crore by the end of the current fiscal year. The housing finance company that deals in Home Loan, Commercial Property Loan, Loan Against Property, Business Loan, Top-up Loan, Personal Loan, and Consumer Loan had a loan book of about Rs 135 crore in the financial year ended March 31, 2021. The loan book is expected to touch Rs 250 crore by March 2022.
  • 2021-06-23 : Muthoot Fincorp acquires 54% stake in Paymatrix
    Gold loan company Muthoot Fincorp has acquired a 54% stake in Hyderabad-based fintech startup Paymatrix by buying out existing investors as part of its added focus on the digital payments segment. Muthoot Fincorp has around 2 million customers in gold loans, retail loans, small business loans, affordable housing, two-wheeler and used-car loans, money transfer, foreign exchange, insurance sales, and wealth management, through its 3,600 branches.
  • 2021-06-16 : ICICI STACK launched by ICICI Bank for Corporates
    ICICI Bank announced the launch of ICICI STACK for Corporates. This will provide customised digital banking services to companies in over 15 leading industries. ICICI STACK is going to offer digital banking solution banking solutions to corporates to seamlessly meet their banking requirements.
  • 2021-06-16 : Ujjivan Small Finance Bank collaborates with MoEngage
    Ujjivan Small Finance Bank has collaborated with customer engagement platform MoEngage to provide digital banking services in remote areas of the country. The aim is to build a wide presence of the bank with customers in the unserved regions through digital services.
  • 2021-06-15 : Indian Overseas Bank declared a profit of Rs 831 crore
    IOB closed the last fiscal with a net profit of Rs.831 crore as against a net loss of about Rs.8,527 crore. The total income for the year ended 31.03.2021 stands at Rs.22,525 crore as against Rs.20,766 crore for FY20. IOB plans to come up with Prompt Corrective Action to focus on loan recovery, low-cost deposits and less capital consuming advances.
*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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