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Compare Business Loan - IndusInd Bank vs Ftcash

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Bank
Parameters
Interest Rate
Interest Rate
13.00% - 29.00%
18.00% - 24.00%
Processing Fees
Processing Fees
2.50%
2% of loan amount
Loan Amount
Loan Amount
₹ 50,000 to ₹ 15 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
₹ 2,275
₹ 3,615
Part Payment Charges
Part Payment Charges
Not Allowed
Not Allowed
Foreclosure Charges
Foreclosure Charges
Allowed after 12 months at 4%
Allowed after 1 month at Nil foreclosure charges
Eligible Age
Eligible Age
25 to 65 Years
21 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
24 Months
12 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 0
₹ 6 Lakh
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare EMI of IndusInd Bank and Ftcash Business Loan

Loan Amount IndusInd Bank Ftcash
₹ 1 Lakh ₹ 2,275 ₹ 3,615
₹ 5 Lakh ₹ 11,377 ₹ 18,076
₹ 10 Lakh ₹ 22,753 ₹ 36,152
₹ 15 Lakh ₹ 34,130 ₹ 54,229

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

IndusInd Bank offers lower Business Loan EMI at 2275 on a Business Loan for 60 Months as compared to Ftcash with a minimum EMI of 3615 for 36 Months. Average customer ratings for IndusInd Bank is currently at /5.0 which makes it a good choice for taking a Business Loan.

How does IndusInd Bank Business Loan compare with Ftcash Business Loan?

A detailed comparison of IndusInd Bank and Ftcash 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 IndusInd Bank Business Loan is 13.00%, which is lower than the lowest interest rate of Ftcash at 18.00%. Hence, IndusInd Bank is offering a cheaper loan option.
  • When compared on other Business Loan charges such as processing fees, IndusInd Bank charges a processing fees of 2.50% while Ftcash charges a processing fees of 2% of loan amount.
  • Ftcash offers Business Loan upto an amount of ₹ 1 Cr while IndusInd Bank offer Business Loan upto an amount of ₹ 15 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. Ftcash gives the option to close the loan after 1 months at Nil foreclosure charges and IndusInd Bank gives the option to close the loan after 12 months at 4%. This makes Ftcash a better option for Business Loan.
  • IndusInd Bank 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 IndusInd Bank.
  • Ftcash can be a better option if you are looking for fund requirements after 12 months. IndusInd Bank offers a business loan once if business is 24 months old. Hence, Ftcash should be a preferred choice for relatively new enterprises.
  • with an average customer ratings of is equally comparable to with an average customer rating of . Hence, the customer can expect the same kind of service levels from these banks.

Which bank offers lower interest rate on Business Loan – IndusInd Bank or Ftcash?

As per the current rates, IndusInd Bank offers a lower interest rate of 13.00% on Business Loan when compared to Ftcash which offers a Business Loan at 18.00%.

Know all about Business Loan

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Know more about Ftcash Business Loan

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  • 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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