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Compare PNB vs Kotak Bank Business Loan

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Interest Rate
Interest Rate
12.65% - 15.65%
16.00% - 19.99%
Processing Fees
Processing Fees
1.8% + taxes
Maximum 2% of the loan
Loan Amount
Loan Amount
₹ 50,000 to ₹ 15 Lakh
₹ 3 Lakh to ₹ 75 Lakh
Loan Tenure
Loan Tenure
12 to 60 Months
24 to 60 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,257
₹ 2,432
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 0 months at 5% charges
Eligible Age
Eligible Age
21 to 58 Years
25 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 Kotak Bank

Loan Amount PNB Kotak Bank
₹ 1 Lakh ₹ 2,257 ₹ 2,432
₹ 5 Lakh ₹ 11,287 ₹ 12,159
₹ 10 Lakh ₹ 22,574 ₹ 24,318
₹ 15 Lakh ₹ 33,861 ₹ 36,477

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

PNB offers lower Business Loan EMI at Rs. 2257 for 60 Months compared to Kotak Bank with a minimum EMI of Rs. 2432 for 60 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 Kotak Bank Business Loan?

A detailed comparison of PNB and Kotak 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:

  • Lowest Interest rate of PNB Loan is 12.65%, which is lower than the lowest interest rate of Kotak Bank at 16.00%. 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 Kotak Bank charges a processing fee of Upto Maximum 2% of the loan.
  • Kotak Bank offers Business Loan upto an amount of ₹ 75 Lakh, while PNB offers Loan upto an amount of ₹ 15 Lakh. Therefore, Kotak Bank 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. Kotak Bank and PNB gives the option to close the loan after Zero months at 5% charges and Nil prepayment charges. This makes Kotak Bank a better option for Business Loan.
  • PNB allows part payment on Business Loan after Zero months at Nil charges, while Kotak Bank does not offer a part payment facility. 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 can be a better option if you are looking for fund requirements after 12 months. Kotak Bank offers a business loan once if business is NA months old. Hence, PNB should be a preferred choice for relatively new enterprises.
  • Kotak Bank with an average customer rating 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 a lower interest rate on Business Loan – PNB or Kotak Bank?

As per the current rates, PNB offers a lower interest rate of 12.65% on loans compared to Kotak Bank, which offers a Business Loan at 16.00%.

Know all about Business Loan

Know more about PNB Business Loan

Know more about Kotak Bank Business Loan

Compare PNB Business Loan With Other Banks

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