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Compare Business Loan - OBC vs Indifi

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Bank
Parameters
Interest Rate
Interest Rate
11.95% - 0.00%
15.00% - 24.00%
Processing Fees
Processing Fees
0.50% of Loan Amount
2% of the loan amount
Loan Amount
Loan Amount
₹ 1 Lakh to ₹ 2 Cr
₹ 0 to ₹ 5 Lakh
Loan Tenure
Loan Tenure
12 to 84 Months
36 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,763
₹ 3,467
Part Payment Charges
Part Payment Charges
Allowed after 0 months at Nil Prepayment Charges
Allowed after 0 months at Nil charges
Foreclosure Charges
Foreclosure Charges
Allowed after 0 months at Nil Prepayment Charges
Allowed after 0 months at 4% charges
Eligible Age
Eligible Age
25 to 65 Years
23 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
0 Months
0 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 0
₹ 0
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
5/5.0
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Compare EMI of OBC and Indifi Business Loan

Loan Amount OBC Indifi
₹ 1 Lakh ₹ 1,763 ₹ 3,467
₹ 5 Lakh ₹ 8,813 ₹ 17,333
₹ 10 Lakh ₹ 17,626 ₹ 34,665
₹ 15 Lakh ₹ 26,439 ₹ 51,998

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

OBC offers lower Business Loan EMI at 1763 on a Business Loan for 84 Months as compared to Indifi with a minimum EMI of 3467 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 Indifi Business Loan?

A detailed comparison of OBC and Indifi 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 11.95%, which is lower than the lowest interest rate of Indifi at 15.00%. 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 Indifi charges a processing fees of 2% of the loan amount.
  • OBC offers Business Loan upto an amount of ₹ 2 Cr while Indifi offer Business Loan upto an amount of ₹ 5 Lakh. 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 foreclosure facility. Indifi and OBC gives the option to close the loan after Zero months at 4% charges and Nil Prepayment Charges. This makes Indifi a better option for Business Loan.
  • Indifi and OBC allow part payment on Business Loan after Zero months at Nil charges. Indifi applies a charge of Nil charges and OBC charges Nil charges on Business Loan.
  • Indifi and OBC offer a business loan if your business has completed 0 months. Hence, Indifi and OBC both can be a preferred choice for relatively new enterprises.
  • Indifi has an average customer ratings of 5, while has an average customer rating of , based on which it is clear that Indifi has a high customer service focus, an easy Business Loan process and a quick turnaround.

Which bank offers lower interest rate on Business Loan – OBC or Indifi?

As per the current rates, OBC offers a lower interest rate of 11.95% on Business Loan when compared to Indifi which offers a Business Loan at 15.00%.

Know all about Business Loan

Know more about OBC Business Loan

Know more about Indifi Business Loan

Compare OBC Business Loan With Other Banks

Compare Indifi Business Loan With Other Banks

Know About MSMEs and Mudra Loan

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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
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