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Compare PNB vs Lendingkart Business Loan

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Bank
Interest Rate
Interest Rate
12.65% - 15.65%
12.00% - 24.00%
Processing Fees
Processing Fees
1.8% + taxes
2% to 3% 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
₹ 3,321
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
₹ 90,000
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
3.8/5.0
4.7/5.0
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Compare Business Loan EMI of PNB and Lendingkart

Loan Amount PNB Lendingkart
₹ 1 Lakh ₹ 2,257 ₹ 3,321
₹ 5 Lakh ₹ 11,287 ₹ 16,607
₹ 10 Lakh ₹ 22,574 ₹ 33,214
₹ 15 Lakh ₹ 33,861 ₹ 49,821

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

PNB offers lower Business Loan EMI at Rs. 2257 for 60 Months compared to Lendingkart with a minimum EMI of Rs. 3321 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 Lendingkart Business Loan compare with PNB Business Loan?

A detailed comparison of Lendingkart and PNB 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 Lendingkart Loan is 12.00%, which is lower than the lowest interest rate of PNB at 12.65%. Hence, Lendingkart 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 Lendingkart charges a processing fee of Upto 2% to 3% of loan amount.
  • Lendingkart offers Business Loan upto an amount of ₹ 1 Cr, while PNB offers Loan upto an amount of ₹ 15 Lakh. Therefore, Lendingkart 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. PNB gives the option to close the loan after Zero months at Nil prepayment charges and Lendingkart 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 Lendingkart 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 gives business loan at a minimum turnover of ₹ 0 . However, the turnover requirement for a business loan from Lendingkart is ₹ 90,000 . Hence, small businesses may find is easier to get a loan from PNB.
  • Lendingkart and PNB offer a business loan if your business has completed 12 months. Hence, Lendingkart and PNB both can be a preferred choice for relatively new enterprises.
  • Lendingkart has an average customer rating of 4.7. In contrast, PNB has an average customer rating of 3.8, based on which it is clear that Lendingkart has a high customer service focus, an easy process and a quick turnaround.

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

As per the current rates, Lendingkart offers a lower interest rate of 12.00% on loans compared to PNB, which offers a Business Loan at 12.65%.

Know all about Business Loan

Know more about PNB Business Loan

Know more about Lendingkart Business Loan

Compare PNB Business Loan With Other Banks

Compare Lendingkart Business Loan With Other Banks

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    The bank has registered a net profit of ₹411.63 crores in the Q2 of 2022-23. In the corresponding quarter, it saw ₹125.61 crores, thus registering a growth of 227.70 percent.
  • 2022-10-18 : SBI Credit Card Holders ALERT! State Bank hikes charges on EMI transactions, Rent Payments
    In a move that may further make credit card usage costlier, the State Bank of India has revised certain charges for its credit card users. The new charges will come into effect from November 15. The processing fee on merchant EMI transactions has been revised to Rs 199 + applicable taxes from earlier Rs 99 + applicable taxes. Processing fee on rent payment transactions will be Rs 99 + applicable taxes," said the bank.
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    As part of the Union government’s initiative, a digital banking unit (DBU) of the State Bank of India (SBI) was inaugurated in Goa. The initiative aims to ensure that the benefits of digital banking reach every nook and corner of the country. The DBUs will offer banking products and services to the customers 24x7.
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    India’s largest private sector lender HDFC Bank is aiming at introducing the 10-seconds loan service for everyone including those who do not have an account with the bank. The bank has been a paradigm pioneer in 10-second loans for existing customers and has been able to deliver this over the past six years.
  • 2022-08-18 : HDFC bank opens its first all women branch in Kerela`s kozhikode.
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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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