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Compare RBL Bank vs Ftcash Business Loan

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Bank
Interest Rate
Interest Rate
18.50% - 21.00%
18.00% - 24.00%
Processing Fees
Processing Fees
2.50-3.00% of loan amount
2% of loan amount
Loan Amount
Loan Amount
₹ 1 Lakh to ₹ 10 Lakh
₹ 50,000 to ₹ 1 Cr
Loan Tenure
Loan Tenure
12 to 36 Months
1 to 36 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 3,640
₹ 3,615
Part Payment Charges
Part Payment Charges
Not Allowed
Not Allowed
Foreclosure Charges
Foreclosure Charges
Allowed after 12 months at NIL foreclosure charges
Allowed after 1 month at Nil foreclosure charges
Eligible Age
Eligible Age
27 to 65 Years
21 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
36 Months
12 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 1 Cr
₹ 6 Lakh
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Business Loan EMI of RBL Bank and Ftcash

Loan Amount RBL Bank Ftcash
₹ 1 Lakh ₹ 3,640 ₹ 3,615
₹ 5 Lakh ₹ 18,202 ₹ 18,076
₹ 10 Lakh ₹ 36,404 ₹ 36,152
₹ 15 Lakh ₹ 54,606 ₹ 54,229

Which is a better bank for Business Loan – Ftcash or RBL Bank?

Ftcash offers lower Business Loan EMI at Rs. 3615 for 36 Months compared to RBL Bank with a minimum EMI of Rs. 3640 for 36 Months. In addition, average customer ratings for Ftcash is currently at /5.0, making it a good choice for taking a Business Loan.

How does Ftcash Business Loan compare with RBL Bank Business Loan?

A detailed comparison of Ftcash and RBL 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 Ftcash Loan is 18.00%, which is lower than the lowest interest rate of RBL Bank at 18.50%. Hence, Ftcash is offering a cheaper loan option.
  • Compared to other Business Loan charges such as processing fees, RBL Bank charges a processing fee of 2.50-3.00% of loan amount, while Ftcash charges a processing fee of Upto 2% of loan amount.
  • Ftcash offers Business Loan upto an amount of ₹ 1 Cr, while RBL Bank offers Loan upto an amount of ₹ 10 Lakh. Therefore, Ftcash 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. Ftcash gives the option to close the loan after 1 months at Nil foreclosure charges and RBL Bank gives the option to close the loan after 12 months at NIL foreclosure charges . This makes Ftcash a better option for Business Loan.
  • Ftcash gives business loan at a minimum turnover of ₹ 6 Lakh. However, the turnover requirement for a business loan from RBL Bank is ₹ 1 Cr. Hence, small businesses may find is easier to get a loan from Ftcash.
  • Ftcash can be a better option if you are looking for fund requirements after 12 months. RBL Bank offers a business loan once if business is 36 months old. Hence, Ftcash should be a preferred choice for relatively new enterprises.
  • with an average customer rating of is equally comparable to with an average customer rating of . Hence, the customer can expect the same kind of service levels from these banks.

Which bank offers a lower interest rate on Business Loan – Ftcash or RBL Bank?

As per the current rates, Ftcash offers a lower interest rate of 18.00% on loans compared to RBL Bank, which offers a Business Loan at 18.50%.

Know all about Business Loan

Know more about RBL Bank Business Loan

Know more about Ftcash Business Loan

Compare RBL Bank Business Loan With Other Banks

Compare Ftcash Business Loan With Other Banks

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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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