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Compare Business Loan - Kotak Bank vs Ftcash

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Bank
Parameters
Interest Rate
Interest Rate
16.00% - 19.99%
18.00% - 24.00%
Processing Fees
Processing Fees
Maximum 2% of the loan
2% of loan amount
Loan Amount
Loan Amount
₹ 3 Lakh to ₹ 75 Lakh
₹ 50,000 to ₹ 1 Cr
Loan Tenure
Loan Tenure
24 to 60 Months
1 to 36 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,432
₹ 3,615
Part Payment Charges
Part Payment Charges
Not Allowed
Not Allowed
Foreclosure Charges
Foreclosure Charges
Allowed after 0 months at 5% charges
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
0 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 Kotak Bank and Ftcash Business Loan

Loan Amount Kotak Bank Ftcash
₹ 1 Lakh ₹ 2,432 ₹ 3,615
₹ 5 Lakh ₹ 12,159 ₹ 18,076
₹ 10 Lakh ₹ 24,318 ₹ 36,152
₹ 15 Lakh ₹ 36,477 ₹ 54,229

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

Kotak Bank offers lower Business Loan EMI at 2432 on a Business Loan for 60 Months as compared to Ftcash with a minimum EMI of 3615 for 36 Months. Average customer ratings for Kotak Bank is currently at /5.0 which makes it a good choice for taking a Business Loan.

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

A detailed comparison of Kotak 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 Kotak Bank Business Loan is 16.00%, which is lower than the lowest interest rate of Ftcash at 18.00%. Hence, Kotak Bank is offering a cheaper loan option.
  • When compared on other Business Loan charges such as processing fees, Kotak Bank charges a processing fees of Maximum 2% of the loan while Ftcash charges a processing fees of 2% of loan amount.
  • Ftcash offers Business Loan upto an amount of ₹ 1 Cr while Kotak Bank offer Business Loan upto an amount of ₹ 75 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. Kotak Bank gives the option to close the loan after Zero months at 5% charges and Ftcash gives the option to close the loan after 1 months at Nil foreclosure charges. This makes Kotak Bank a better option for Business Loan.
  • Kotak 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 Kotak Bank.
  • Kotak Bank 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, Kotak Bank 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 – Kotak Bank or Ftcash?

As per the current rates, Kotak Bank offers a lower interest rate of 16.00% on Business Loan when compared to Ftcash which offers a Business Loan at 18.00%.

Know all about Business Loan

Know more about Kotak Bank Business Loan

Know more about Ftcash Business Loan

Compare Kotak Bank Business Loan With Other Banks

Compare Ftcash Business Loan With Other Banks

Know About MSMEs and Mudra Loan

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Business Loan News - Jun 2021
  • 2021-06-10 : Rural Loan Collections to be affected by the Second wave
    As the borrowers are continuously facing the issues created by the pandemic, India Ratings - a rating agency reported that the collections of Rural Loan which includes Home Loan, Loan Against Property, Business Loan, Personal Loan, etc. will be vastly affected because of the second wave of Covid-19.
  • 2021-06-10 : Edelweiss to become co-lending partners with Central Bank of India
    Edelweiss Retail Finance Ltd. (ERFL) strengthened its co-lending partnership with the Central Bank of India in order to ensure priority sector lending to the MSMEs. MSMEs can now avail collateral free loans of upto 50 lakhs and Loan against property of upto Rs 10 crores.
  • 2021-06-10 : Central Bank of India to become co-lending partners with Edelweiss
    Edelweiss Retail Finance Ltd. (ERFL) strengthened its co-lending partnership with the Central Bank of India in order to ensure priority sector lending to the MSMEs. MSMEs can now avail collateral free loans of upto 50 lakhs and Loan against property of upto Rs 10 crores.
  • 2021-06-09 : Healthcare business loan to be provided by Canara Bank
    Under the recently announced ‘Canara Jeevanrekha healthcare business loan’, loans of upto Rs 2 crores will be offered by Canara Bank at concessional interest rates. The loan is offered to the manufacturers and suppliers, especially of healthcare products.
  • 2021-06-04 : More than Rs.15 lakh crores sanctioned under Mudra Yojana
    Finance Ministry reported that over Rs 15 lakh crore has been sanctioned to more than 28 crore beneficiaries under the Mudra Yojana. The scheme was launched in April 2015 with the aim to support the MSME sector.
*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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