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Compare Business Loan - RBL Bank vs Lendingkart

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Bank
Parameters
Interest Rate
Interest Rate
18.50% - 21.00%
12.00% - 24.00%
Processing Fees
Processing Fees
2.50-3.00% of loan amount
2% to 3% 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
₹ 3,321
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
₹ 90,000
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.7/5.0
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Compare EMI of RBL Bank and Lendingkart Business Loan

Loan Amount RBL Bank Lendingkart
₹ 1 Lakh ₹ 3,640 ₹ 3,321
₹ 5 Lakh ₹ 18,202 ₹ 16,607
₹ 10 Lakh ₹ 36,404 ₹ 33,214
₹ 15 Lakh ₹ 54,606 ₹ 49,821

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

Lendingkart offers lower Business Loan EMI at 3321 on a Business Loan for 36 Months as compared to RBL Bank with a minimum EMI of 3640 for 36 Months. Average customer ratings for Lendingkart is currently at 4.7/5.0 which makes it a good choice for taking a Business Loan.

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

A detailed comparison of Lendingkart 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 Lendingkart Business Loan is 12.00%, which is lower than the lowest interest rate of RBL Bank at 18.50%. Hence, Lendingkart is offering a cheaper loan option.
  • When compared on other Business Loan charges such as processing fees, RBL Bank charges a processing fees of 2.50-3.00% of loan amount while Lendingkart charges a processing fees of 2% to 3% of loan amount.
  • Lendingkart offers Business Loan upto an amount of ₹ 1 Cr while RBL Bank offer Business Loan upto an amount of ₹ 10 Lakh. 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 foreclosure facility. Lendingkart 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 Lendingkart a better option for Business Loan.
  • Lendingkart gives business loan at a minimum turnover of ₹ 90,000 . 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 Lendingkart.
  • Lendingkart 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, Lendingkart should be a preferred choice for relatively new enterprises.
  • Lendingkart has an average customer ratings of 4.7, while has an average customer rating of , based on which it is clear that Lendingkart has a high customer service focus, an easy Business Loan process and a quick turnaround.

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

As per the current rates, Lendingkart offers a lower interest rate of 12.00% on Business Loan when 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 Lendingkart Business Loan

Compare RBL Bank Business Loan With Other Banks

Compare Lendingkart Business Loan With Other Banks

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Business Loan News - Jul 2021
  • 2021-07-16 : Amalgamation of Bank of Baroda, erstwhile Vijaya Bank and erstwhile Dena Bank
    Bank of Baroda, on its website, stated that the IFSC codes of the erstwhile Vijaya Bank and Dena Bank were discontinued on March 1, 2021. Customers have been asked to apply for cheque books with the new MICR code at the earliest.
  • 2021-07-16 : UBI update on change in IFSC code for merged banks - Andhra Bank and Corporation Bank
    Union Bank of India (UBI) on Friday said the IFSC codes of the erstwhile e-Andhra Bank and e-Corporation Bank branches will change with effect from July 1, 2021. Customers of the erstwhile banks will have to get new cheque books with changed IFSC and MICR codes
  • 2021-07-16 : Bandhan Bank total loans rise 8% to ₹80,128 crore in Q1, deposits up 28%
    Bandhan Bank witnessed an 8% rise in its loans and advances to ₹80,128 crores in the June quarter this fiscal. The loans and advances during the same period of 2020 stood at ₹74,331 crore. Compared sequentially, it was down by 8% from ₹87,043 crores in the March quarter. Total deposits grew by 28% year-on-year to ₹77,336 crores, while the CASA (current account and savings account) deposits jumped by 48% to ₹33,197 crores in the first quarter of 2021-22.
  • 2021-07-15 : Indian Bank merger with Allahabad Bank - Change in IFSC
    The Indian Bank, which has merged with the Allahabad Bank, carried out a software migration over the weekend. As the merger got completed, new rules had been issued by the bank with regard to its services. Existing customers were asked on July 1 to get a new IFSC code to carry out online transactions smoothly.
  • 2021-07-15 : OBC & UBI merged with PNB
    After the merger of OBC and UBI with PNB in April 2020, PNB has now updated the IFSC codes of all the branches of PNB and UBI. New IFSC codes have come into effect from July 1, 2021.
*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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