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Compare Business Loan - RBL Bank vs Tata Capital

Bank
Parameters
Interest Rate
Interest Rate
16.25% - 21.00%
21.00% - 23.00%
Processing Fees
Processing Fees
1.80-2.20% of loan amount
From 1.50% to 2.50%
Loan Amount
Loan Amount
₹ 1 Lakh to ₹ 10 Lakh
₹ 5 Lakh to ₹ 50 Lakh
Loan Tenure
Loan Tenure
12 to 36 Months
12 to 48 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 3,528
₹ 3,097
Part Payment Charges
Part Payment Charges
Not Allowed
Not Allowed
Foreclosure Charges
Foreclosure Charges
Allowed after 12 months at NIL foreclosure charges
Allowed after 6 months at 4.5% of outstanding balance
Borrower’s Age
Borrower’s Age
25 to 65 Years
25 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
36 Months
60 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 25 Lakh
₹ 1 Cr
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
5/5.0
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Compare EMI of RBL Bank and Tata Capital Business Loan

Loan Amount RBL Bank Tata Capital
₹ 1 Lakh ₹ 3,528 ₹ 3,097
₹ 5 Lakh ₹ 17,640 ₹ 15,483
₹ 10 Lakh ₹ 35,281 ₹ 30,966
₹ 15 Lakh ₹ 52,921 ₹ 46,449

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

Tata Capital offers lower Business Loan EMI at 3097 on a Business Loan for 48 Months as compared to RBL Bank with a minimum EMI of 3528 for 36 Months. Average customer ratings for Tata Capital is currently at 5/5.0 which makes it a good choice for taking a Business Loan.

How does RBL Bank Business Loan compare with Tata Capital Business Loan?

A detailed comparison of RBL Bank 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 RBL Bank Business Loan is 16.25%, which is lower than the lowest interest rate of Tata Capital at 21.00%. Hence, RBL Bank is offering a cheaper loan option.
  • When compared on other Business Loan charges such as processing fees, RBL Bank charges a processing fees of 1.80-2.20% of loan amount 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 RBL Bank offer Business Loan upto an amount of ₹ 10 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. Tata Capital gives the option to close the loan after 6 months at 4.5% of outstanding balance and RBL Bank gives the option to close the loan after 12 months at NIL foreclosure charges . This makes Tata Capital a better option for Business Loan.
  • RBL Bank gives business loan at a minimum turnover of ₹ 25 Lakh. 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 RBL Bank.
  • RBL Bank can be a better option if you are looking for fund requirements after 36 months. Tata Capital offers a business loan once if business is 60 months old. Hence, RBL Bank should be a preferred choice for relatively new enterprises.
  • Tata Capital has an average customer ratings of 5, while has an average customer rating of , 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 – RBL Bank or Tata Capital?

As per the current rates, RBL Bank offers a lower interest rate of 16.25% on Business Loan when compared to Tata Capital which offers a Business Loan at 21.00%.

Know all about Business Loan

Know more about RBL Bank Business Loan

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Know About MSMEs and Mudra Loan

Business Loan News - Apr 2021
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    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.
  • 2021-03-26 : Digital Banking likely to play a major role in the banking sector
    RBI Governor emphasised that digital lending is going to play a major role in the coming years and the market will be more technology-dependent. Further, he suggested that banks need to adapt to new technologies and adapt to the changes and transformations which are happening in the world of digital lending to remain in sync with time.
*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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