Compare Kotak Bank vs Indifi Business Loan

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Bank	SBI HDFC Bank ICICI Bank RBL Bank Tata Capital Lendingkart Bajaj Finserv IDFC First Bank IIFL Bank of Maharashtra IndusInd Bank Kotak Bank Fullerton India IDBI Bank Ftcash Neogrowth 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 IIFL Bank of Maharashtra IndusInd 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% - 19.99%	15.00% - 24.00%
Processing Fees	Processing Fees Maximum 2% of the loan	2% of the loan amount
Loan Amount	Loan Amount ₹ 3 Lakh to ₹ 75 Lakh	₹ 0 to ₹ 5 Lakh
Loan Tenure	Loan Tenure 24 to 60 Months	36 Months
Lowest EMI Per Lakh	Lowest EMI Per Lakh ₹ 2,432	₹ 3,467
Part Payment Charges	Part Payment Charges Not Allowed	Allowed after 0 months at Nil charges
Foreclosure Charges	Foreclosure Charges Allowed after 0 months at 5% charges	Allowed after 0 months at 4% charges
Eligible Age	Eligible Age 25 to 65 Years	23 to 65 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

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Compare Business Loan EMI of Kotak Bank and Indifi

Loan Amount	Kotak Bank	Indifi
₹ 1 Lakh	₹ 2,432	₹ 3,467
₹ 5 Lakh	₹ 12,159	₹ 17,333
₹ 10 Lakh	₹ 24,318	₹ 34,665
₹ 15 Lakh	₹ 36,477	₹ 51,998

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

Kotak Bank offers lower Business Loan EMI at Rs. 2432 for 60 Months compared to Indifi with a minimum EMI of Rs. 3467 for 36 Months. In addition, average customer ratings for Kotak Bank is currently at /5.0, making it a good choice for taking a Business Loan.

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

A detailed comparison of Indifi and Kotak Bank 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 Indifi Loan is 15.00%, which is lower than the lowest interest rate of Kotak Bank at 16.00%. Hence, Indifi is offering a cheaper loan option.
Compared to other Business Loan charges such as processing fees, Kotak Bank charges a processing fee of Maximum 2% of the loan, while Indifi charges a processing fee of Upto 2% of the loan amount.
Kotak Bank offers Business Loan upto an amount of ₹ 75 Lakh, while Indifi offers Loan upto an amount of ₹ 5 Lakh. Therefore, Kotak Bank 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 and Kotak Bank gives the option to close the loan after Zero months at 4% charges and 5% charges. This makes Indifi a better option for Business Loan.
Indifi allows part payment on Business Loan after Zero months at Nil charges, while Kotak Bank 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.
Indifi and Kotak Bank offer a business loan if your business has completed NA months. Hence, Indifi and Kotak Bank both can be a preferred choice for relatively new enterprises.
Indifi has an average customer rating of 5. In contrast, has an average customer rating of , based on which it is clear that Indifi has a high customer service focus, an easy process and a quick turnaround.

Which bank offers a lower interest rate on Business Loan – Indifi or Kotak Bank?

As per the current rates, Indifi offers a lower interest rate of 15.00% on loans compared to Kotak Bank, which offers a Business Loan at 16.00%.

Know all about Business Loan

Know more about Kotak Bank Business Loan

Know more about Indifi Business Loan

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Business Loan News - Aug 2022

2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year.
2022-05-03 : HDFC Profit Rises by 16% for Q4 of FY 2022
Housing Development Finance Corporation has reported a 16% year-on-year rise in its standalone net profit for the March quarter to Rs 3,700 crore on the back of strong growth in loans and net interest income (NII).
2022-04-29 : Axis Bank Net Profit Jumps to Rs 4,118 crore in March Quarter
The bank has reported a 54 percent jump in its standalone net profit to Rs 4,117.77 crore from a net profit of Rs 2,677.06 crore in the year-ago period for the quarter ended March 2022.
2022-04-29 : ICICI Bank Launches Digital Ecosystem for MSMEs
The new digital ecosystem comprises three pillars, including enhanced banking services for existing customers, MSMEs who are customers of other banks, and other value-added services for all.
2022-04-28 : Union Bank Rolls out Automated Solution for Recovery of Bad Loans
Union Bank of India will be using a first-of-its-kind stressed asset recovery automated solution (SARAS) to help the bank enforce securities, track recoveries, and enhance monitoring of stressed assets.

*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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