Compare Business Loan - RBL Bank vs Tata Capital
Bank |
SBI
HDFC Bank
ICICI Bank
RBL Bank
Lendingkart
Bajaj Finserv
IDFC First Bank
IIFL
Bank of Maharashtra
IndusInd Bank
Kotak Bank
Fullerton India
Ftcash
Indifi
IDBI Bank
Neogrowth
Yes Bank
Allahabad Bank
PNB
OBC
Indian Overseas Bank
Dhan Laxmi Bank
DCB Bank
Andhra Bank
United Bank of India
Corporation Bank
Syndicate 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% |
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 |
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:
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
Know more about Tata Capital Business Loan
Compare RBL Bank Business Loan With Other Banks
Compare Tata Capital Business Loan With Other Banks
Know About MSMEs and Mudra Loan
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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
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