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Compare OBC vs DCB Bank Business Loan

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Bank
Interest Rate
Interest Rate
11.95% - 0.00%
9.25% - 16.00%
Processing Fees
Processing Fees
0.50% of Loan Amount
Upto 2% of the loan amount
Loan Amount
Loan Amount
₹ 1 Lakh to ₹ 2 Cr
₹ 1 Lakh to ₹ 40 Lakh
Loan Tenure
Loan Tenure
12 to 84 Months
12 to 60 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,763
₹ 2,088
Part Payment Charges
Part Payment Charges
Allowed after 0 months at Nil Prepayment Charges
Allowed after 6 months at 7-36 Months: 4%, >36 Months: 6%
Foreclosure Charges
Foreclosure Charges
Allowed after 0 months at Nil Prepayment Charges
Allowed after 12 months at 4 - 6%
Eligible Age
Eligible Age
25 to 65 Years
25 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
NA
NA
Minimum Turnover Required
Minimum Turnover Required
₹ 0
₹ 50 Lakh
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Business Loan EMI of OBC and DCB Bank

Loan Amount OBC DCB Bank
₹ 1 Lakh ₹ 1,763 ₹ 2,088
₹ 5 Lakh ₹ 8,813 ₹ 10,440
₹ 10 Lakh ₹ 17,626 ₹ 20,880
₹ 15 Lakh ₹ 26,439 ₹ 31,320

Which is a better bank for Business Loan – DCB Bank or OBC?

OBC offers lower Business Loan EMI at Rs. 1763 for 84 Months compared to DCB Bank with a minimum EMI of Rs. 2088 for 60 Months. In addition, average customer ratings for OBC is currently at /5.0, making it a good choice for taking a Business Loan.

How does DCB Bank Business Loan compare with OBC Business Loan?

A detailed comparison of DCB Bank and OBC 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 DCB Bank Loan is 9.25%, which is lower than the lowest interest rate of OBC at 11.95%. Hence, DCB Bank is offering a cheaper loan option.
  • Compared to other Business Loan charges such as processing fees, OBC charges a processing fee of 0.50% of Loan Amount, while DCB Bank charges a processing fee of Upto Upto 2% of the loan amount.
  • OBC offers Business Loan upto an amount of ₹ 2 Cr, while DCB Bank offers Loan upto an amount of ₹ 40 Lakh. Therefore, OBC 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. OBC gives the option to close the loan after Zero months at Nil Prepayment Charges and DCB Bank gives the option to close the loan after 12 months at 4 - 6%. This makes OBC a better option for Business Loan.
  • DCB Bank and OBC allow part payment on Business Loan after 6 months at 7-36 Months: 4%, >36 Months: 6%. DCB Bank applies a charge of 7-36 Months: 4%, >36 Months: 6% and OBC charges Nil charges on Business Loan.
  • OBC gives business loan at a minimum turnover of ₹ 0 . However, the turnover requirement for a business loan from DCB Bank is ₹ 50 Lakh. Hence, small businesses may find is easier to get a loan from OBC.
  • DCB Bank and OBC offer a business loan if your business has completed NA months. Hence, DCB Bank and OBC both can be a preferred choice for relatively new enterprises.
  • with an average customer rating of is equally comparable to with an average customer rating of . Hence, the customer can expect the same kind of service levels from these banks.

Which bank offers a lower interest rate on Business Loan – DCB Bank or OBC?

As per the current rates, DCB Bank offers a lower interest rate of 9.25% on loans compared to OBC, which offers a Business Loan at 11.95%.

Know all about Business Loan

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Business Loan News - Oct 2021
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  • 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.
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    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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