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 Business Loan - Lendingkart vs IndusInd Bank

Download Comparison
Bank
Parameters
Interest Rate
Interest Rate
12.00% - 24.00%
13.00% - 29.00%
Processing Fees
Processing Fees
2% to 3% of loan amount
2.50%
Loan Amount
Loan Amount
₹ 50,000 to ₹ 1 Cr
₹ 50,000 to ₹ 15 Lakh
Loan Tenure
Loan Tenure
1 to 36 Months
12 to 60 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 3,321
₹ 2,275
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 4%
Eligible Age
Eligible Age
21 to 65 Years
25 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
12 Months
24 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 EMI of Lendingkart and IndusInd Bank Business Loan

Loan Amount Lendingkart IndusInd Bank
₹ 1 Lakh ₹ 3,321 ₹ 2,275
₹ 5 Lakh ₹ 16,607 ₹ 11,377
₹ 10 Lakh ₹ 33,214 ₹ 22,753
₹ 15 Lakh ₹ 49,821 ₹ 34,130

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

IndusInd Bank offers lower Business Loan EMI at 2275 on a Business Loan for 60 Months as compared to Lendingkart with a minimum EMI of 3321 for 36 Months. Average customer ratings for IndusInd Bank is currently at 4.7/5.0 which makes it a good choice for taking a Business Loan.

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

A detailed comparison of Lendingkart and IndusInd 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 Lendingkart Business Loan is 12.00%, which is lower than the lowest interest rate of IndusInd Bank at 13.00%. Hence, Lendingkart is offering a cheaper loan option.
  • When compared on other Business Loan charges such as processing fees, Lendingkart charges a processing fees of 2% to 3% of loan amount while IndusInd Bank charges a processing fees of 2.50%.
  • Lendingkart offers Business Loan upto an amount of ₹ 1 Cr while IndusInd Bank offer Business Loan upto an amount of ₹ 15 Lakh. 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 foreclosure facility. Lendingkart gives the option to close the loan after 1 months at Nil foreclosure charges and IndusInd Bank gives the option to close the loan after 12 months at 4%. This makes Lendingkart a better option for Business Loan.
  • IndusInd 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 IndusInd Bank.
  • Lendingkart can be a better option if you are looking for fund requirements after 12 months. IndusInd Bank offers a business loan once if business is 24 months old. Hence, Lendingkart should be a preferred choice for relatively new enterprises.
  • IndusInd Bank with an average customer ratings 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 lower interest rate on Business Loan – Lendingkart or IndusInd Bank?

As per the current rates, Lendingkart offers a lower interest rate of 12.00% on Business Loan when compared to IndusInd Bank which offers a Business Loan at 13.00%.

Know all about Business Loan

Know more about Lendingkart Business Loan

Know more about IndusInd Bank Business Loan

Compare Lendingkart Business Loan With Other Banks

Compare IndusInd Bank Business Loan With Other Banks

Know About MSMEs and Mudra Loan

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.65%. 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 9.50% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 7.20%. 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 - Jul 2021
  • 2021-07-16 : Amalgamation of Bank of Baroda, erstwhile Vijaya Bank and erstwhile Dena Bank
    Bank of Baroda, on its website, stated that the IFSC codes of the erstwhile Vijaya Bank and Dena Bank were discontinued on March 1, 2021. Customers have been asked to apply for cheque books with the new MICR code at the earliest.
  • 2021-07-16 : UBI update on change in IFSC code for merged banks - Andhra Bank and Corporation Bank
    Union Bank of India (UBI) on Friday said the IFSC codes of the erstwhile e-Andhra Bank and e-Corporation Bank branches will change with effect from July 1, 2021. Customers of the erstwhile banks will have to get new cheque books with changed IFSC and MICR codes
  • 2021-07-16 : Bandhan Bank total loans rise 8% to ₹80,128 crore in Q1, deposits up 28%
    Bandhan Bank witnessed an 8% rise in its loans and advances to ₹80,128 crores in the June quarter this fiscal. The loans and advances during the same period of 2020 stood at ₹74,331 crore. Compared sequentially, it was down by 8% from ₹87,043 crores in the March quarter. Total deposits grew by 28% year-on-year to ₹77,336 crores, while the CASA (current account and savings account) deposits jumped by 48% to ₹33,197 crores in the first quarter of 2021-22.
  • 2021-07-15 : Indian Bank merger with Allahabad Bank - Change in IFSC
    The Indian Bank, which has merged with the Allahabad Bank, carried out a software migration over the weekend. As the merger got completed, new rules had been issued by the bank with regard to its services. Existing customers were asked on July 1 to get a new IFSC code to carry out online transactions smoothly.
  • 2021-07-15 : OBC & UBI merged with PNB
    After the merger of OBC and UBI with PNB in April 2020, PNB has now updated the IFSC codes of all the branches of PNB and UBI. New IFSC codes have come into effect from July 1, 2021.
*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...