Compare PNB vs OBC Business Loan

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Bank	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 PNB 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
Interest Rate	Interest Rate 12.65% - 15.65%	11.95% - 0.00%
Processing Fees	Processing Fees 1.8% + taxes	0.50% of Loan Amount
Loan Amount	Loan Amount ₹ 50,000 to ₹ 15 Lakh	₹ 1 Lakh to ₹ 2 Cr
Loan Tenure	Loan Tenure 12 to 60 Months	12 to 84 Months
Lowest EMI Per Lakh	Lowest EMI Per Lakh ₹ 2,257	₹ 1,763
Part Payment Charges	Part Payment Charges Allowed after 0 months at Nil prepayment charges	Allowed after 0 months at Nil Prepayment Charges
Foreclosure Charges	Foreclosure Charges Allowed after 0 months at Nil prepayment charges	Allowed after 0 months at Nil Prepayment 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	NA
Minimum Turnover Required	Minimum Turnover Required ₹ 0	₹ 0
Customer Ratings (Read Reviews)	Customer Ratings (Read Reviews) 3.8/5.0	3.8/5.0

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Compare Business Loan EMI of PNB and OBC

Loan Amount	PNB	OBC
₹ 1 Lakh	₹ 2,257	₹ 1,763
₹ 5 Lakh	₹ 11,287	₹ 8,813
₹ 10 Lakh	₹ 22,574	₹ 17,626
₹ 15 Lakh	₹ 33,861	₹ 26,439

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

OBC offers lower Business Loan EMI at Rs. 1763 for 84 Months compared to PNB with a minimum EMI of Rs. 2257 for 60 Months. In addition, average customer ratings for OBC is currently at 3.8/5.0, making it a good choice for taking a Business Loan.

How does OBC Business Loan compare with PNB Business Loan?

A detailed comparison of OBC 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 OBC Loan is 11.95%, which is lower than the lowest interest rate of PNB at 12.65%. Hence, OBC 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 OBC charges a processing fee of Upto 0.50% of Loan Amount.
OBC offers Business Loan upto an amount of ₹ 2 Cr, while PNB offers Loan upto an amount of ₹ 15 Lakh. Therefore, OBC 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. OBC and PNB gives the option to close the loan after Zero months at Nil Prepayment Charges and Nil prepayment charges. This makes OBC a better option for Business Loan.
OBC and PNB allow part payment on Business Loan after Zero months at Nil charges. OBC 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. OBC offers a business loan once if business is NA months old. Hence, PNB should be a preferred choice for relatively new enterprises.
OBC 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 – OBC or PNB?

As per the current rates, OBC offers a lower interest rate of 11.95% on loans compared to PNB, which offers a Business Loan at 12.65%.

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Business Loan News - Aug 2022

2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year.
2022-05-03 : HDFC Profit Rises by 16% for Q4 of FY 2022
Housing Development Finance Corporation has reported a 16% year-on-year rise in its standalone net profit for the March quarter to Rs 3,700 crore on the back of strong growth in loans and net interest income (NII).
2022-04-29 : Axis Bank Net Profit Jumps to Rs 4,118 crore in March Quarter
The bank has reported a 54 percent jump in its standalone net profit to Rs 4,117.77 crore from a net profit of Rs 2,677.06 crore in the year-ago period for the quarter ended March 2022.
2022-04-29 : ICICI Bank Launches Digital Ecosystem for MSMEs
The new digital ecosystem comprises three pillars, including enhanced banking services for existing customers, MSMEs who are customers of other banks, and other value-added services for all.
2022-04-28 : Union Bank Rolls out Automated Solution for Recovery of Bad Loans
Union Bank of India will be using a first-of-its-kind stressed asset recovery automated solution (SARAS) to help the bank enforce securities, track recoveries, and enhance monitoring of stressed assets.

*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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