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Compare Business Loan - OBC vs Ftcash

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Bank
Parameters
Interest Rate
Interest Rate
12.65% - 15.65%
18.00% - 24.00%
Processing Fees
Processing Fees
0.50% of Loan Amount
2% of loan amount
Loan Amount
Loan Amount
₹ 1 Lakh to ₹ 15 Lakh
₹ 50,000 to ₹ 1 Cr
Loan Tenure
Loan Tenure
12 to 84 Months
1 to 36 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,800
₹ 3,615
Part Payment Charges
Part Payment Charges
Allowed after 0 months at Nil Prepayment Charges
Not Allowed
Foreclosure Charges
Foreclosure Charges
Allowed after 0 months at Nil Prepayment Charges
Allowed after 1 month at Nil foreclosure charges
Eligible Age
Eligible Age
25 to 65 Years
21 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
0 Months
12 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 0
₹ 6 Lakh
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare EMI of OBC and Ftcash Business Loan

Loan Amount OBC Ftcash
₹ 1 Lakh ₹ 1,800 ₹ 3,615
₹ 5 Lakh ₹ 9,001 ₹ 18,076
₹ 10 Lakh ₹ 18,002 ₹ 36,152
₹ 15 Lakh ₹ 27,003 ₹ 54,229

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

OBC offers lower Business Loan EMI at 1800 on a Business Loan for 84 Months as compared to Ftcash with a minimum EMI of 3615 for 36 Months. Average customer ratings for OBC is currently at /5.0 which makes it a good choice for taking a Business Loan.

How does OBC Business Loan compare with Ftcash Business Loan?

A detailed comparison of OBC and Ftcash 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 OBC Business Loan is 12.65%, which is lower than the lowest interest rate of Ftcash at 18.00%. Hence, OBC is offering a cheaper loan option.
  • When compared on other Business Loan charges such as processing fees, OBC charges a processing fees of 0.50% of Loan Amount while Ftcash charges a processing fees of 2% of loan amount.
  • Ftcash offers Business Loan upto an amount of ₹ 1 Cr while OBC offer Business Loan upto an amount of ₹ 15 Lakh. Ftcash 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. OBC gives the option to close the loan after Zero months at Nil Prepayment Charges and Ftcash gives the option to close the loan after 1 months at Nil foreclosure charges. This makes OBC a better option for Business Loan.
  • OBC allows part payment on Business Loan after Zero months at Nil charges, while Ftcash does not offer part payment facility on Business Loan. This makes OBC a better option for customers who want to retain the flexibility of reducing their loans whenever they have surplus funds available.
  • OBC gives business loan at a minimum turnover of ₹ 0 . However, the turnover requirement for a business loan from Ftcash is ₹ 6 Lakh. Hence, small businesses may find is easier to get a loan from OBC.
  • OBC can be a better option if you are looking for fund requirements after 0 months. Ftcash offers a business loan once if business is 12 months old. Hence, OBC should be a preferred choice for relatively new enterprises.
  • with an average customer ratings 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 lower interest rate on Business Loan – OBC or Ftcash?

As per the current rates, OBC offers a lower interest rate of 12.65% on Business Loan when compared to Ftcash which offers a Business Loan at 18.00%.

Know all about Business Loan

Know more about OBC Business Loan

Know more about Ftcash Business Loan

Compare OBC Business Loan With Other Banks

Compare Ftcash Business Loan With Other Banks

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Business Loan News - Jun 2021
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    To help the families of employees who lost their lives due to covid, IDFC First Bank is offering compensation of upto 4 times of the CTC along with a salary of two years. Along with that, the bank is also wavering the loans of such employees to reduce the burden on the employees’ family.
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    As the borrowers are continuously facing the issues created by the pandemic, India Ratings - a rating agency reported that the collections of Rural Loan which includes Home Loan, Loan Against Property, Business Loan, Personal Loan, etc. will be vastly affected because of the second wave of Covid-19.
  • 2021-06-10 : Edelweiss to become co-lending partners with Central Bank of India
    Edelweiss Retail Finance Ltd. (ERFL) strengthened its co-lending partnership with the Central Bank of India in order to ensure priority sector lending to the MSMEs. MSMEs can now avail collateral free loans of upto 50 lakhs and Loan against property of upto Rs 10 crores.
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    Edelweiss Retail Finance Ltd. (ERFL) strengthened its co-lending partnership with the Central Bank of India in order to ensure priority sector lending to the MSMEs. MSMEs can now avail collateral free loans of upto 50 lakhs and Loan against property of upto Rs 10 crores.
  • 2021-06-09 : Healthcare business loan to be provided by Canara Bank
    Under the recently announced ‘Canara Jeevanrekha healthcare business loan’, loans of upto Rs 2 crores will be offered by Canara Bank at concessional interest rates. The loan is offered to the manufacturers and suppliers, especially of healthcare products.
*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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