Compare Business Loan - PNB vs ICICI Bank
Bank |
SBI
HDFC Bank
RBL Bank
Tata Capital
Lendingkart
Bajaj Finserv
IDFC First Bank
IIFL
Bank of Maharashtra
IndusInd Bank
Kotak Bank
Fullerton India
Ftcash
Indifi
Neogrowth
IDBI Bank
Allahabad Bank
Yes Bank
PNB
OBC
Indian Overseas Bank
Dhan Laxmi Bank
DCB Bank
Andhra Bank
United Bank of India
Corporation Bank
Syndicate Bank
Bank of Baroda
|
SBI
HDFC Bank
ICICI Bank
RBL Bank
Tata Capital
Lendingkart
Bajaj Finserv
IDFC First Bank
IIFL
Bank of Maharashtra
IndusInd Bank
Kotak Bank
Fullerton India
Ftcash
Indifi
Neogrowth
IDBI Bank
Allahabad Bank
Yes Bank
OBC
Indian Overseas Bank
Dhan Laxmi Bank
DCB Bank
Andhra Bank
United Bank of India
Corporation Bank
Syndicate Bank
Bank of Baroda
|
---|---|---|
Parameters | ||
Interest Rate | Interest Rate 12.65% - 15.65% |
16.49% - 18.99% |
Processing Fees | Processing Fees 1.8% + taxes |
Starting from 0.99%, Up to 2% |
Loan Amount | Loan Amount ₹ 50,000 to ₹ 15 Lakh |
₹ 1 Lakh to ₹ 40 Lakh |
Loan Tenure | Loan Tenure 12 to 60 Months |
12 to 36 Months |
Lowest EMI Per Lakh | Lowest EMI Per Lakh ₹ 2,257 |
₹ 3,540 |
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 6 months at 5% |
Borrower’s Age | Borrower’s Age 21 to 58 Years |
25 to 65 Years |
Minimum Years in Business Required | Minimum Years in Business Required 0 Months |
36 Months |
Minimum Turnover Required | Minimum Turnover Required ₹ 0 |
₹ 60 Lakh |
Customer Ratings (Read Reviews) | Customer Ratings (Read Reviews) 3.8/5.0 |
3.5/5.0 |
Compare EMI of PNB and ICICI Bank Business Loan
Loan Amount | PNB | ICICI Bank |
---|---|---|
₹ 1 Lakh | ₹ 2,257 | ₹ 3,540 |
₹ 5 Lakh | ₹ 11,287 | ₹ 17,700 |
₹ 10 Lakh | ₹ 22,574 | ₹ 35,399 |
₹ 15 Lakh | ₹ 33,861 | ₹ 53,099 |
Which is a better bank for Business Loan – PNB or ICICI Bank?
PNB offers lower Business Loan EMI at 2257 on a Business Loan for 60 Months as compared to ICICI Bank with a minimum EMI of 3540 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 ICICI Bank Business Loan?
A detailed comparison of PNB and ICICI Bank 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:
Which bank offers lower interest rate on Business Loan – PNB or ICICI Bank?
As per the current rates, PNB offers a lower interest rate of 12.65% on Business Loan when compared to ICICI Bank which offers a Business Loan at 16.49%.
Know all about Business Loan
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Know About MSMEs and Mudra Loan
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