Compare Business Loan - Lendingkart vs Bajaj Finserv
Bank |
SBI
HDFC Bank
ICICI Bank
RBL Bank
Tata Capital
Lendingkart
IDFC First Bank
IIFL
Bank of Maharashtra
IndusInd Bank
Kotak Bank
Fullerton India
Ftcash
Indifi
IDBI Bank
Neogrowth
Yes Bank
Allahabad 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
Bajaj Finserv
IDFC First Bank
IIFL
Bank of Maharashtra
IndusInd Bank
Kotak Bank
Fullerton India
Ftcash
Indifi
IDBI Bank
Neogrowth
Yes Bank
Allahabad Bank
PNB
OBC
Indian Overseas Bank
Dhan Laxmi Bank
DCB Bank
Andhra Bank
United Bank of India
Corporation Bank
Syndicate Bank
Bank of Baroda
|
---|---|---|
Parameters | ||
Interest Rate | Interest Rate 18.00% - 24.00% |
18.00% - 22.00% |
Processing Fees | Processing Fees 2% of loan amount |
Upto 2% of loan amount |
Loan Amount | Loan Amount ₹ 50,000 to ₹ 1 Cr |
₹ 5 Lakh to ₹ 30 Lakh |
Loan Tenure | Loan Tenure 1 to 36 Months |
12 to 48 Months |
Lowest EMI Per Lakh | Lowest EMI Per Lakh ₹ 3,615 |
₹ 2,937 |
Part Payment Charges | Part Payment Charges Not Allowed |
Allowed after 1 month at 2% |
Foreclosure Charges | Foreclosure Charges Allowed after 1 month at Nil foreclosure charges |
Allowed after 1 month at 4% |
Borrower’s Age | Borrower’s Age 21 to 65 Years |
25 to 65 Years |
Minimum Years in Business Required | Minimum Years in Business Required 12 Months |
36 Months |
Minimum Turnover Required | Minimum Turnover Required ₹ 6 Lakh |
₹ 12 Lakh |
Customer Ratings (Read Reviews) | Customer Ratings (Read Reviews) 4.7/5.0 |
4/5.0 |
Compare EMI of Lendingkart and Bajaj Finserv Business Loan
Loan Amount | Lendingkart | Bajaj Finserv |
---|---|---|
₹ 1 Lakh | ₹ 3,615 | ₹ 2,938 |
₹ 5 Lakh | ₹ 18,076 | ₹ 14,688 |
₹ 10 Lakh | ₹ 36,152 | ₹ 29,375 |
₹ 15 Lakh | ₹ 54,229 | ₹ 44,062 |
Which is a better bank for Business Loan – Bajaj Finserv or Lendingkart?
Bajaj Finserv offers lower Business Loan EMI at 2937 on a Business Loan for 48 Months as compared to Lendingkart with a minimum EMI of 3615 for 36 Months. Average customer ratings for Bajaj Finserv is currently at 4/5.0 which makes it a good choice for taking a Business Loan.
How does Bajaj Finserv Business Loan compare with Lendingkart Business Loan?
A detailed comparison of Bajaj Finserv and Lendingkart 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:
Which bank offers lower interest rate on Business Loan – Bajaj Finserv or Lendingkart?
The lowest interest rate for both Bajaj Finserv and Lendingkart 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 Lendingkart Business Loan
Know more about Bajaj Finserv Business Loan
Compare Lendingkart Business Loan With Other Banks
Compare Bajaj Finserv Business Loan With Other Banks
Know About MSMEs and Mudra Loan
- 2021-04-12 : Rs. 15 lakh crores sanctioned under the Mudra Yojna in last 6 years
The finance ministry reported that banks and financial institutions have sanctioned Rs. 15 lakh crores to over 28.68 crores beneficiaries in the last 6 years. Prime Minister Mudra Yojna or PMMY was launched in April 2015 with an aim to promote entrepreneurship. - 2021-04-07 : IIFL Home Finance signs co-lending agreement with Standard Chartered Bank
IIFL Home Finance and Standard Chartered Bank have entered into a co-lending arrangement for extending credit. Under this agreement, IIFL Home Finance and the Standard Chartered Bank will co-originate these loans and the IIFL Home Finance will service the customers through the entire loan life-cycle including sourcing, documentation, collection and loan servicing. - 2021-04-05 : Yes Bank Jan-March deposits up 54% to 162, 947
Yes Bank reported that the bank’s loan and advances which include home, personal, LAP, gold, two-wheeler, car and doctor loans along with business and mudra loans increased by 0.8% in year-on-year (YoY) terms to Rs. 172,850 crores. In addition to this, the bank deposit which includes fixed and recurring deposits grew 54.7% to Rs. 162,947 crores as compared to ₹105,364 crores on a yearly basis. The CASA(current and savings account) was up 51.8% to Rs. 42,587 crores against Rs. 28,063 crores YoY. - 2021-04-05 : Karnataka Bank targeting 1.42 lakh business turnover in FY 22
Karnataka Bank is looking for 12% business growth in the current fiscal and targeting 1.42 lakh business turnover. The bank emphasised that it is planning to leverage digital banking to achieve its target. - 2021-03-26 : Digital Banking likely to play a major role in the banking sector
RBI Governor emphasised that digital lending is going to play a major role in the coming years and the market will be more technology-dependent. Further, he suggested that banks need to adapt to new technologies and adapt to the changes and transformations which are happening in the world of digital lending to remain in sync with time.
