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Compare PNB vs Indifi Business Loan

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Interest Rate
Interest Rate
12.65% - 15.65%
15.00% - 24.00%
Processing Fees
Processing Fees
1.8% + taxes
2% of the loan amount
Loan Amount
Loan Amount
₹ 50,000 to ₹ 15 Lakh
₹ 0 to ₹ 5 Lakh
Loan Tenure
Loan Tenure
12 to 60 Months
36 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,257
₹ 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
21 to 58 Years
23 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
12 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 PNB and Indifi

Loan Amount PNB Indifi
₹ 1 Lakh ₹ 2,257 ₹ 3,467
₹ 5 Lakh ₹ 11,287 ₹ 17,333
₹ 10 Lakh ₹ 22,574 ₹ 34,665
₹ 15 Lakh ₹ 33,861 ₹ 51,998

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

PNB offers lower Business Loan EMI at Rs. 2257 for 60 Months compared to Indifi with a minimum EMI of Rs. 3467 for 36 Months. In addition, average customer ratings for PNB is currently at 3.8/5.0, making it a good choice for taking a Business Loan.

How does PNB Business Loan compare with Indifi Business Loan?

A detailed comparison of PNB 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 PNB Loan is 12.65%, which is lower than the lowest interest rate of Indifi at 15.00%. Hence, PNB is offering a cheaper loan option.
  • Compared to other Business Loan charges such as processing fees, PNB charges a processing fee of 1.8% + taxes, while Indifi charges a processing fee of Upto 2% of the loan amount.
  • PNB offers Business Loan upto an amount of ₹ 15 Lakh, while Indifi offers Loan upto an amount of ₹ 5 Lakh. Therefore, PNB 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. Indifi and PNB 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 PNB allow part payment on Business Loan after Zero months at Nil charges. Indifi applies a charge of Nil charges and PNB charges Nil charges on Business Loan.
  • PNB can be a better option if you are looking for fund requirements after 12 months. Indifi offers a business loan once if business is NA months old. Hence, PNB should be a preferred choice for relatively new enterprises.
  • Indifi has an average customer rating of 5. In contrast, PNB has an average customer rating of 3.8, based on which it is clear that Indifi has a high customer service focus, an easy process and a quick turnaround.

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

As per the current rates, PNB offers a lower interest rate of 12.65% on loans compared to Indifi, which offers a Business Loan at 15.00%.

Know all about Business Loan

Know more about PNB Business Loan

Know more about Indifi Business Loan

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