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Compare OBC vs Dhan Laxmi Bank Business Loan

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Bank
Interest Rate
Interest Rate
11.95% - 0.00%
10.50% - 13.10%
Processing Fees
Processing Fees
0.50% of Loan Amount
Upto 3% of the loan amount
Loan Amount
Loan Amount
₹ 1 Lakh to ₹ 2 Cr
₹ 10 Lakh to ₹ 5 Cr
Loan Tenure
Loan Tenure
12 to 84 Months
12 to 60 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,763
₹ 2,149
Part Payment Charges
Part Payment Charges
Allowed after 0 months at Nil Prepayment Charges
Allowed after 6 months at 3%
Foreclosure Charges
Foreclosure Charges
Allowed after 0 months at Nil Prepayment Charges
Allowed after 0 months at 2 - 5%
Eligible Age
Eligible Age
25 to 65 Years
23 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
NA
48 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 0
₹ 0
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Business Loan EMI of OBC and Dhan Laxmi Bank

Loan Amount OBC Dhan Laxmi Bank
₹ 1 Lakh ₹ 1,763 ₹ 2,149
₹ 5 Lakh ₹ 8,813 ₹ 10,747
₹ 10 Lakh ₹ 17,626 ₹ 21,494
₹ 15 Lakh ₹ 26,439 ₹ 32,241

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

OBC offers lower Business Loan EMI at Rs. 1763 for 84 Months compared to Dhan Laxmi Bank with a minimum EMI of Rs. 2149 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 Dhan Laxmi Bank Business Loan compare with OBC Business Loan?

A detailed comparison of Dhan Laxmi 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 Dhan Laxmi Bank Loan is 10.50%, which is lower than the lowest interest rate of OBC at 11.95%. Hence, Dhan Laxmi 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 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 OBC offers Loan upto an amount of ₹ 2 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 and OBC gives the option to close the loan after Zero months at 2 - 5% and Nil Prepayment Charges. This makes Dhan Laxmi Bank a better option for Business Loan.
  • Dhan Laxmi Bank and OBC allow part payment on Business Loan after 6 months at 3%. Dhan Laxmi Bank applies a charge of 3% and OBC charges Nil charges on Business Loan.
  • Dhan Laxmi Bank can be a better option if you are looking for fund requirements after 48 months. OBC offers a business loan once if business is NA months old. Hence, Dhan Laxmi Bank should 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 – Dhan Laxmi Bank or OBC?

As per the current rates, Dhan Laxmi Bank offers a lower interest rate of 10.50% on loans compared to OBC, which offers a Business Loan at 11.95%.

Know all about Business Loan

Know more about OBC Business Loan

Know more about Dhan Laxmi Bank Business Loan

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Compare Dhan Laxmi Bank Business Loan With Other Banks

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*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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