MyLoanCare is a FREE of cost service for borrowers

Get Voucher of Upto ₹1,000* on Business Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0

Compare RBL Bank vs Fullerton India Business Loan

Download Comparison
Bank
Interest Rate
Interest Rate
18.50% - 21.00%
17.00% - 21.00%
Processing Fees
Processing Fees
2.50-3.00% of loan amount
2%
Loan Amount
Loan Amount
₹ 1 Lakh to ₹ 10 Lakh
₹ 1.50 Lakh to ₹ 20 Lakh
Loan Tenure
Loan Tenure
12 to 36 Months
12 to 48 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 3,640
₹ 2,886
Part Payment Charges
Part Payment Charges
Not Allowed
Allowed after 6 months at 3 - 7%
Foreclosure Charges
Foreclosure Charges
Allowed after 12 months at NIL foreclosure charges
Allowed after 6 months at 3 - 7%
Eligible Age
Eligible Age
27 to 65 Years
27 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
36 Months
36 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 1 Cr
₹ 20 Lakh
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
3.5/5.0
Add Bank

Compare Business Loan EMI of RBL Bank and Fullerton India

Loan Amount RBL Bank Fullerton India
₹ 1 Lakh ₹ 3,640 ₹ 2,886
₹ 5 Lakh ₹ 18,202 ₹ 14,428
₹ 10 Lakh ₹ 36,404 ₹ 28,855
₹ 15 Lakh ₹ 54,606 ₹ 43,283

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

Fullerton India offers lower Business Loan EMI at Rs. 2886 for 48 Months compared to RBL Bank with a minimum EMI of Rs. 3640 for 36 Months. In addition, average customer ratings for Fullerton India is currently at 3.5/5.0, making it a good choice for taking a Business Loan.

How does Fullerton India Business Loan compare with RBL Bank Business Loan?

A detailed comparison of Fullerton India 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 Fullerton India Loan is 17.00%, which is lower than the lowest interest rate of RBL Bank at 18.50%. Hence, Fullerton India 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 Fullerton India charges a processing fee of Upto 2%.
  • Fullerton India offers Business Loan upto an amount of ₹ 20 Lakh, while RBL Bank offers Loan upto an amount of ₹ 10 Lakh. Therefore, Fullerton India 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. Fullerton India gives the option to close the loan after 6 months at 3 - 7% and RBL Bank gives the option to close the loan after 12 months at NIL foreclosure charges . This makes Fullerton India a better option for Business Loan.
  • Fullerton India allows part payment on Business Loan after 6 months at 3 - 7%, while RBL Bank does not offer a part payment facility. This makes Fullerton India a better option for customers who want to retain the flexibility of reducing their loans whenever they have surplus funds available.
  • Fullerton India gives business loan at a minimum turnover of ₹ 20 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 Fullerton India.
  • Fullerton India and RBL Bank offer a business loan if your business has completed 36 months. Hence, Fullerton India and RBL Bank both can be a preferred choice for relatively new enterprises.
  • Fullerton India has an average customer rating of 3.5. In contrast, has an average customer rating of , based on which it is clear that Fullerton India has a high customer service focus, an easy process and a quick turnaround.

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

As per the current rates, Fullerton India offers a lower interest rate of 17.00% 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 Fullerton India Business Loan

Compare RBL Bank Business Loan With Other Banks

Compare Fullerton India Business Loan With Other Banks

Know About MSMEs and Mudra Loan

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 8.15%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 8.10%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 7.05%.

    Invest Now
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
Loader
Please wait while your information is being processed...