Compare Business Loan - RBL Bank vs Syndicate Bank
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
OBC
Indian Overseas Bank
Dhan Laxmi Bank
DCB Bank
Andhra Bank
United Bank of India
Corporation Bank
Bank of Baroda
|
SBI
HDFC Bank
ICICI 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
OBC
Indian Overseas Bank
Dhan Laxmi Bank
DCB Bank
Andhra Bank
United Bank of India
Corporation Bank
Syndicate Bank
Bank of Baroda
|
---|---|---|
Parameters | ||
Interest Rate | Interest Rate 16.25% - 21.00% |
12.65% - 13.65% |
Processing Fees | Processing Fees 1.80-2.20% of loan amount |
0.5%, Min Rs. 500 |
Loan Amount | Loan Amount ₹ 1 Lakh to ₹ 10 Lakh |
₹ 50,000 to ₹ 5 Lakh |
Loan Tenure | Loan Tenure 12 to 36 Months |
12 to 60 Months |
Lowest EMI Per Lakh | Lowest EMI Per Lakh ₹ 3,528 |
₹ 2,257 |
Part Payment Charges | Part Payment Charges Not Allowed |
Allowed after 0 months at Nil prepayment charges |
Foreclosure Charges | Foreclosure Charges Allowed after 12 months at NIL foreclosure charges |
Allowed after 0 months at Nil prepayment charges |
Borrower’s Age | Borrower’s Age 25 to 65 Years |
21 to 58 Years |
Minimum Years in Business Required | Minimum Years in Business Required 36 Months |
0 Months |
Minimum Turnover Required | Minimum Turnover Required ₹ 25 Lakh |
₹ 0 |
Customer Ratings (Read Reviews) | Customer Ratings (Read Reviews) |
|
Compare EMI of RBL Bank and Syndicate Bank Business Loan
Loan Amount | RBL Bank | Syndicate Bank |
---|---|---|
₹ 1 Lakh | ₹ 3,528 | ₹ 2,257 |
₹ 5 Lakh | ₹ 17,640 | ₹ 11,287 |
₹ 10 Lakh | ₹ 35,281 | ₹ 22,574 |
₹ 15 Lakh | ₹ 52,921 | ₹ 33,861 |
Which is a better bank for Business Loan – Syndicate Bank or RBL Bank?
Syndicate Bank offers lower Business Loan EMI at 2257 on a Business Loan for 60 Months as compared to RBL Bank with a minimum EMI of 3528 for 36 Months. Average customer ratings for Syndicate Bank is currently at /5.0 which makes it a good choice for taking a Business Loan.
How does Syndicate Bank Business Loan compare with RBL Bank Business Loan?
A detailed comparison of Syndicate Bank 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:
Which bank offers lower interest rate on Business Loan – Syndicate Bank or RBL Bank?
As per the current rates, Syndicate Bank offers a lower interest rate of 12.65% on Business Loan when compared to RBL Bank which offers a Business Loan at 16.25%.
Know all about Business Loan
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Compare Syndicate Bank Business Loan With Other Banks
Know About MSMEs and Mudra Loan
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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.
