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Compare SBI vs Bajaj Finserv Business Loan

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Interest Rate
Interest Rate
11.20% - 16.30%
18.00% - 22.00%
Processing Fees
Processing Fees
From 2% to 3%
Upto 2% of loan amount
Loan Amount
Loan Amount
₹ 5 Lakh to ₹ 100 Cr
₹ 5 Lakh to ₹ 30 Lakh
Loan Tenure
Loan Tenure
12 to 48 Months
12 to 48 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,594
₹ 2,937
Part Payment Charges
Part Payment Charges
Allowed after 0 months at 3%
Allowed after 1 month at 2%
Foreclosure Charges
Foreclosure Charges
Allowed after 6 months at 3%
Allowed after 1 month at 4%
Eligible Age
Eligible Age
21 to 65 Years
25 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
36 Months
36 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 20 Lakh
₹ 12 Lakh
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Business Loan EMI of SBI and Bajaj Finserv

Loan Amount SBI Bajaj Finserv
₹ 1 Lakh ₹ 2,594 ₹ 2,938
₹ 5 Lakh ₹ 12,971 ₹ 14,688
₹ 10 Lakh ₹ 25,943 ₹ 29,375
₹ 15 Lakh ₹ 38,914 ₹ 44,062

Which is a better bank for Business Loan – SBI or Bajaj Finserv?

SBI offers lower Business Loan EMI at Rs. 2594 for 48 Months compared to Bajaj Finserv with a minimum EMI of Rs. 2937 for 48 Months. In addition, average customer ratings for SBI is currently at 3.3/5.0, making it a good choice for taking a Business Loan.

How does SBI Business Loan compare with Bajaj Finserv Business Loan?

A detailed comparison of SBI and Bajaj Finserv 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 SBI Loan is 11.20%, which is lower than the lowest interest rate of Bajaj Finserv at 18.00%. Hence, SBI is offering a cheaper loan option.
  • Compared to other Business Loan charges such as processing fees, SBI charges a processing fee of From 2% to 3%, while Bajaj Finserv charges a processing fee of Upto Upto 2% of loan amount.
  • SBI offers Business Loan upto an amount of ₹ 100 Cr, while Bajaj Finserv offers Loan upto an amount of ₹ 30 Lakh. Therefore, SBI 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. Bajaj Finserv gives the option to close the loan after 1 months at 4% and SBI gives the option to close the loan after 6 months at 3%. This makes Bajaj Finserv a better option for Business Loan.
  • Bajaj Finserv and SBI allow part payment on Business Loan after 1 months at 2%. Bajaj Finserv applies a charge of 2% and SBI charges 3% on Business Loan.
  • Bajaj Finserv gives business loan at a minimum turnover of ₹ 12 Lakh. However, the turnover requirement for a business loan from SBI is ₹ 20 Lakh. Hence, small businesses may find is easier to get a loan from Bajaj Finserv.
  • Bajaj Finserv and SBI offer a business loan if your business has completed 36 months. Hence, Bajaj Finserv and SBI both can be a preferred choice for relatively new enterprises.
  • Bajaj Finserv has an average customer rating of 4. In contrast, SBI has an average customer rating of 3.3, based on which it is clear that Bajaj Finserv has a high customer service focus, an easy process and a quick turnaround.

Which bank offers a lower interest rate on Business Loan – SBI or Bajaj Finserv?

As per the current rates, SBI offers a lower interest rate of 11.20% on loans compared to Bajaj Finserv, which offers a Business Loan at 18.00%.

Know all about Business Loan

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Know more about Bajaj Finserv Business Loan

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