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Compare Business Loan - PNB vs Ftcash

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Bank
Parameters
Interest Rate
Interest Rate
12.65% - 15.65%
18.00% - 24.00%
Processing Fees
Processing Fees
1.8% + taxes
2% of loan amount
Loan Amount
Loan Amount
₹ 50,000 to ₹ 15 Lakh
₹ 50,000 to ₹ 1 Cr
Loan Tenure
Loan Tenure
12 to 60 Months
1 to 36 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,257
₹ 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
21 to 58 Years
21 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
12 Months
12 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 0
₹ 6 Lakh
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
3.8/5.0
3.8/5.0
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Compare EMI of PNB and Ftcash Business Loan

Loan Amount PNB Ftcash
₹ 1 Lakh ₹ 2,257 ₹ 3,615
₹ 5 Lakh ₹ 11,287 ₹ 18,076
₹ 10 Lakh ₹ 22,574 ₹ 36,152
₹ 15 Lakh ₹ 33,861 ₹ 54,229

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

PNB offers lower Business Loan EMI at 2257 on a Business Loan for 60 Months as compared to Ftcash with a minimum EMI of 3615 for 36 Months. Average customer ratings for PNB is currently at 3.8/5.0 which makes it a good choice for taking a Business Loan.

How does PNB Business Loan compare with Ftcash Business Loan?

A detailed comparison of PNB 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 PNB Business Loan is 12.65%, which is lower than the lowest interest rate of Ftcash at 18.00%. Hence, PNB is offering a cheaper loan option.
  • When compared on other Business Loan charges such as processing fees, PNB charges a processing fees of 1.8% + taxes while Ftcash charges a processing fees of 2% of loan amount.
  • Ftcash offers Business Loan upto an amount of ₹ 1 Cr while PNB 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. PNB 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 PNB a better option for Business Loan.
  • PNB 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 PNB a better option for customers who want to retain the flexibility of reducing their loans whenever they have surplus funds available.
  • PNB 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 PNB.
  • Ftcash and PNB offer a business loan if your business has completed 12 months. Hence, Ftcash and PNB both can be a preferred choice for relatively new enterprises.
  • Ftcash with an average customer ratings of 3.8 is equally comparable to PNB with an average customer rating of 3.8. Hence, the customer can expect the same kind of service levels from these banks.

Which bank offers lower interest rate on Business Loan – PNB or Ftcash?

As per the current rates, PNB 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 PNB Business Loan

Know more about Ftcash Business Loan

Compare PNB Business Loan With Other Banks

Compare Ftcash 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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