MyLoanCare is a FREE of cost service for borrowers

Get Cashback of Upto ₹1,000* on Business Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0

Compare Lendingkart vs Dhan Laxmi Bank Business Loan

Download Comparison
Bank
Interest Rate
Interest Rate
12.00% - 24.00%
10.50% - 13.10%
Processing Fees
Processing Fees
2% to 3% of loan amount
Upto 3% of the loan amount
Loan Amount
Loan Amount
₹ 50,000 to ₹ 1 Cr
₹ 10 Lakh to ₹ 5 Cr
Loan Tenure
Loan Tenure
1 to 36 Months
12 to 60 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 3,321
₹ 2,149
Part Payment Charges
Part Payment Charges
Not Allowed
Allowed after 6 months at 3%
Foreclosure Charges
Foreclosure Charges
Allowed after 1 month at Nil foreclosure charges
Allowed after 0 months at 2 - 5%
Eligible Age
Eligible Age
21 to 65 Years
23 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
12 Months
48 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 90,000
₹ 0
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.7/5.0
4.7/5.0
Add Bank

Compare Business Loan EMI of Lendingkart and Dhan Laxmi Bank

Loan Amount Lendingkart Dhan Laxmi Bank
₹ 1 Lakh ₹ 3,321 ₹ 2,149
₹ 5 Lakh ₹ 16,607 ₹ 10,747
₹ 10 Lakh ₹ 33,214 ₹ 21,494
₹ 15 Lakh ₹ 49,821 ₹ 32,241

Which is a better bank for Business Loan – Dhan Laxmi Bank or Lendingkart?

Dhan Laxmi Bank offers lower Business Loan EMI at Rs. 2149 for 60 Months compared to Lendingkart with a minimum EMI of Rs. 3321 for 36 Months. In addition, average customer ratings for Dhan Laxmi Bank is currently at 4.7/5.0, making it a good choice for taking a Business Loan.

How does Dhan Laxmi Bank Business Loan compare with Lendingkart Business Loan?

A detailed comparison of Dhan Laxmi Bank 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:

  • Lowest Interest rate of Dhan Laxmi Bank Loan is 10.50%, which is lower than the lowest interest rate of Lendingkart at 12.00%. Hence, Dhan Laxmi Bank is offering a cheaper loan option.
  • Compared to other Business Loan charges such as processing fees, Lendingkart charges a processing fee of 2% to 3% of loan amount, while Dhan Laxmi Bank charges a processing fee of Upto Upto 3% of the loan amount.
  • Dhan Laxmi Bank offers Business Loan upto an amount of ₹ 5 Cr, while Lendingkart offers Loan upto an amount of ₹ 1 Cr. Therefore, Dhan Laxmi 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. Dhan Laxmi Bank gives the option to close the loan after Zero months at 2 - 5% and Lendingkart gives the option to close the loan after 1 months at Nil foreclosure charges. This makes Dhan Laxmi Bank a better option for Business Loan.
  • Dhan Laxmi Bank allows part payment on Business Loan after 6 months at 3%, while Lendingkart does not offer a part payment facility. This makes Dhan Laxmi Bank a better option for customers who want to retain the flexibility of reducing their loans whenever they have surplus funds available.
  • Dhan Laxmi Bank gives business loan at a minimum turnover of ₹ 0 . However, the turnover requirement for a business loan from Lendingkart is ₹ 90,000 . Hence, small businesses may find is easier to get a loan from Dhan Laxmi Bank.
  • Lendingkart can be a better option if you are looking for fund requirements after 12 months. Dhan Laxmi Bank offers a business loan once if business is 48 months old. Hence, Lendingkart should be a preferred choice for relatively new enterprises.
  • Dhan Laxmi Bank with an average customer rating of 4.7 is equally comparable to Lendingkart with an average customer rating of 4.7. Hence, the customer can expect the same kind of service levels from these banks.

Which bank offers a lower interest rate on Business Loan – Dhan Laxmi Bank or Lendingkart?

As per the current rates, Dhan Laxmi Bank offers a lower interest rate of 10.50% on loans compared to Lendingkart, which offers a Business Loan at 12.00%.

Know all about Business Loan

Know more about Lendingkart Business Loan

Know more about Dhan Laxmi Bank Business Loan

Compare Lendingkart Business Loan With Other Banks

Compare Dhan Laxmi Bank Business Loan With Other Banks

Know About MSMEs and Mudra Loan

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.50%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 6.90%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 6.95%.

    Invest Now
Business Loan News - Oct 2021
  • 2021-10-22 : South Indian Bank Ltd Posts Loss in Q2 FY2021-22
    For the quarter ended September 30, 2021, the total income of the bank was ₹ 1746.03 crores as against ₹2115.71 crores in the corresponding quarter of the previous year and ₹2081.73 crores in the previous quarter. As a result, the bank has reported a loss of Rs. 187.06 crore for Q2 of FY 2021-22.
  • 2021-10-18 : HDFC Bank Posts 17.2 Percent Profits In Q2
    Private sector bank, HDFC Bank has posted a 17.6 percent rise in net profit at Rs 8,834.3 crore in the second quarter ended September 30, 2021. The lender had posted a net profit of Rs 7,513.1 crore in Q2 of 2020.
  • 2021-10-11 : IIFL Finance Launches Instant Business Loan
    IIFL Finance has launched instant business loans on WhatsApp to avail of loan amount upto Rs. 10 Lakhs with benefits such as minimum documentation and quick approval.
  • 2021-10-05 : IndusInd Bank Advances Grow by 10% Y-O-Y
    IndusInd Bank has posted a growth in advances by 10% on a Y-O-Y basis. Retail Deposits and Deposits from Small Business Customers amounted to Rs 1,11,749 crore as of 30 September 2021 as compared to Rs 1,05,737 crore as of 30 June 2021.
  • 2021-10-05 : HDFC Bank Reports Growth in Advances in Q2
    HDFC Bank has reported a growth in advances by 15.4% in quarter 2. As a result, the advances have grown to ₹ 11.98 lakh crore as of September 30, 2021, from ₹ 10.38 lakh crore a year ago.
*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
Loader
Please wait while your information is being processed...