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Compare Business Loan - PNB vs Tata Capital

Bank
Parameters
Interest Rate
Interest Rate
12.65% - 15.65%
21.00% - 23.00%
Processing Fees
Processing Fees
1.8% + taxes
From 1.50% to 2.50%
Loan Amount
Loan Amount
₹ 50,000 to ₹ 15 Lakh
₹ 5 Lakh to ₹ 50 Lakh
Loan Tenure
Loan Tenure
12 to 60 Months
12 to 48 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,257
₹ 3,097
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 4.5% of outstanding balance
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
60 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 0
₹ 1 Cr
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
3.8/5.0
5/5.0
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Compare EMI of PNB and Tata Capital Business Loan

Loan Amount PNB Tata Capital
₹ 1 Lakh ₹ 2,257 ₹ 3,097
₹ 5 Lakh ₹ 11,287 ₹ 15,483
₹ 10 Lakh ₹ 22,574 ₹ 30,966
₹ 15 Lakh ₹ 33,861 ₹ 46,449

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

PNB offers lower Business Loan EMI at 2257 on a Business Loan for 60 Months as compared to Tata Capital with a minimum EMI of 3097 for 48 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 Tata Capital Business Loan?

A detailed comparison of PNB and Tata Capital 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 Business Loan is 12.65%, which is lower than the lowest interest rate of Tata Capital at 21.00%. Hence, PNB is offering a cheaper loan option.
  • When compared on other Business Loan charges such as processing fees, PNB charges a processing fees of 1.8% + taxes while Tata Capital charges a processing fees of From 1.50% to 2.50%.
  • Tata Capital offers Business Loan upto an amount of ₹ 50 Lakh while PNB offer Business Loan upto an amount of ₹ 15 Lakh. Tata Capital can be a better option if you are looking for a high value amount.
  • One feature that makes Business Loan a better option is foreclosure facility. PNB gives the option to close the loan after Zero months at Nil prepayment charges and Tata Capital gives the option to close the loan after 6 months at 4.5% of outstanding balance. This makes PNB a better option for Business Loan.
  • PNB allows part payment on Business Loan after Zero months at Nil charges, while Tata Capital does not offer part payment facility on Business Loan. 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 Tata Capital is ₹ 1 Cr. Hence, small businesses may find is easier to get a loan from PNB.
  • PNB can be a better option if you are looking for fund requirements after 0 months. Tata Capital offers a business loan once if business is 60 months old. Hence, PNB should be a preferred choice for relatively new enterprises.
  • Tata Capital has an average customer ratings of 5, while PNB has an average customer rating of 3.8, based on which it is clear that Tata Capital has a high customer service focus, an easy Business Loan process and a quick turnaround.

Which bank offers lower interest rate on Business Loan – PNB or Tata Capital?

As per the current rates, PNB offers a lower interest rate of 12.65% on Business Loan when compared to Tata Capital which offers a Business Loan at 21.00%.

Know all about Business Loan

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Know About MSMEs and Mudra Loan

Business Loan News - Apr 2021
  • 2021-04-13 : Bandhan Bank’s collection efficiency ratio at 96% in Q4
    Bandhan Bank reported an overall collection efficiency of 96% for the quarter ending March 2021. Total advances which include retail loans like home, personal, business, car, two-wheeler education and doctor loan along with business and mudra loans grew by 21% at ₹87,054 crores. Deposits which includes fixed and recurring deposits grew by 37% at ₹77,972 crores. Further, CASA deposits increased by 61 per cent at ₹33,827 crores.
  • 2021-04-12 : Rs. 15 lakh crores sanctioned under the Mudra Yojna in last 6 years
    The finance ministry reported that banks and financial institutions have sanctioned Rs. 15 lakh crores to over 28.68 crores beneficiaries in the last 6 years. Prime Minister Mudra Yojna or PMMY was launched in April 2015 with an aim to promote entrepreneurship.
  • 2021-04-07 : IIFL Home Finance signs co-lending agreement with Standard Chartered Bank
    IIFL Home Finance and Standard Chartered Bank have entered into a co-lending arrangement for extending credit. Under this agreement, IIFL Home Finance and the Standard Chartered Bank will co-originate these loans and the IIFL Home Finance will service the customers through the entire loan life-cycle including sourcing, documentation, collection and loan servicing.
  • 2021-04-05 : Yes Bank Jan-March deposits up 54% to 162, 947
    Yes Bank reported that the bank’s loan and advances which include home, personal, LAP, gold, two-wheeler, car and doctor loans along with business and mudra loans increased by 0.8% in year-on-year (YoY) terms to Rs. 172,850 crores. In addition to this, the bank deposit which includes fixed and recurring deposits grew 54.7% to Rs. 162,947 crores as compared to ₹105,364 crores on a yearly basis. The CASA(current and savings account) was up 51.8% to Rs. 42,587 crores against Rs. 28,063 crores YoY.
  • 2021-04-05 : Karnataka Bank targeting 1.42 lakh business turnover in FY 22
    Karnataka Bank is looking for 12% business growth in the current fiscal and targeting 1.42 lakh business turnover. The bank emphasised that it is planning to leverage digital banking to achieve its target.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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