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Compare Lendingkart vs HDFC Bank Business Loan

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Bank
Interest Rate
Interest Rate
12.00% - 24.00%
11.90% - 21.35%
Processing Fees
Processing Fees
2% to 3% of loan amount
₹ 499
Loan Amount
Loan Amount
₹ 50,000 to ₹ 1 Cr
₹ 50,000 to ₹ 50 Lakh
Loan Tenure
Loan Tenure
1 to 36 Months
12 to 48 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 3,321
₹ 2,628
Part Payment Charges
Part Payment Charges
Not Allowed
Not Allowed
Foreclosure Charges
Foreclosure Charges
Allowed after 1 month at Nil foreclosure charges
Allowed after 12 months at 2 - 4%
Eligible Age
Eligible Age
21 to 65 Years
21 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
12 Months
36 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 90,000
₹ 1 Cr
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.7/5.0
4.5/5.0
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Compare Business Loan EMI of Lendingkart and HDFC Bank

Loan Amount Lendingkart HDFC Bank
₹ 1 Lakh ₹ 3,321 ₹ 2,628
₹ 5 Lakh ₹ 16,607 ₹ 13,142
₹ 10 Lakh ₹ 33,214 ₹ 26,285
₹ 15 Lakh ₹ 49,821 ₹ 39,427

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

HDFC Bank offers lower Business Loan EMI at Rs. 2628 for 48 Months compared to Lendingkart with a minimum EMI of Rs. 3321 for 36 Months. In addition, average customer ratings for HDFC Bank is currently at 4.5/5.0, making it a good choice for taking a Business Loan.

How does HDFC Bank Business Loan compare with Lendingkart Business Loan?

A detailed comparison of HDFC 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 HDFC Bank Loan is 11.90%, which is lower than the lowest interest rate of Lendingkart at 12.00%. Hence, HDFC 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 HDFC Bank charges a processing fee of Upto ₹ 499.
  • Lendingkart offers Business Loan upto an amount of ₹ 1 Cr, while HDFC Bank offers Loan upto an amount of ₹ 50 Lakh. Therefore, Lendingkart 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. Lendingkart gives the option to close the loan after 1 months at Nil foreclosure charges and HDFC Bank gives the option to close the loan after 12 months at 2 - 4%. This makes Lendingkart a better option for Business Loan.
  • Lendingkart gives business loan at a minimum turnover of ₹ 90,000 . However, the turnover requirement for a business loan from HDFC Bank is ₹ 1 Cr. Hence, small businesses may find is easier to get a loan from Lendingkart.
  • Lendingkart can be a better option if you are looking for fund requirements after 12 months. HDFC Bank offers a business loan once if business is 36 months old. Hence, Lendingkart should be a preferred choice for relatively new enterprises.
  • Lendingkart has an average customer rating of 4.7. In contrast, HDFC Bank has an average customer rating of 4.5, based on which it is clear that Lendingkart has a high customer service focus, an easy process and a quick turnaround.

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

As per the current rates, HDFC Bank offers a lower interest rate of 11.90% 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 HDFC Bank Business Loan

Compare Lendingkart Business Loan With Other Banks

Compare HDFC Bank Business Loan With Other Banks

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Business Loan News - Oct 2021
  • 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.
  • 2021-10-04 : Yes Bank Posts Growth in Loans and Deposits
    Yes Bank has posted growth of 3.6% (year-on-year) in advances at Rs 1,72,945 crore for the quarter ended September 2021 (Q2FY22). Its advances stood at Rs 1,66,923 crore at end of September 2020 (Q2FY21).
*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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