Compare Business Loan - SBI vs Fullerton India
Bank |
SBI
HDFC Bank
ICICI Bank
RBL Bank
Tata Capital
Lendingkart
Bajaj Finserv
IDFC First Bank
IIFL
Bank of Maharashtra
IndusInd Bank
Kotak Bank
IDBI Bank
Ftcash
Indifi
Neogrowth
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
|
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
Syndicate Bank
Bank of Baroda
|
---|---|---|
Parameters | ||
Interest Rate | Interest Rate 11.20% - 16.30% |
20.00% - 33.50% |
Processing Fees | Processing Fees From 2% to 3% |
2% |
Loan Amount | Loan Amount ₹ 5 Lakh to ₹ 100 Cr |
₹ 1.50 Lakh to ₹ 20 Lakh |
Loan Tenure | Loan Tenure 12 to 48 Months |
12 to 48 Months |
Lowest EMI Per Lakh | Lowest EMI Per Lakh ₹ 2,594 |
₹ 3,043 |
Part Payment Charges | Part Payment Charges Allowed after 0 months at 3% |
Allowed after 6 months at 3 - 7% |
Foreclosure Charges | Foreclosure Charges Allowed after 6 months at 3% |
Allowed after 6 months at 3 - 7% |
Borrower’s Age | Borrower’s Age 21 to 65 Years |
27 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 |
₹ 20 Lakh |
Customer Ratings (Read Reviews) | Customer Ratings (Read Reviews) 3.3/5.0 |
3.5/5.0 |
Compare EMI of SBI and Fullerton India Business Loan
Loan Amount | SBI | Fullerton India |
---|---|---|
₹ 1 Lakh | ₹ 2,594 | ₹ 3,043 |
₹ 5 Lakh | ₹ 12,971 | ₹ 15,215 |
₹ 10 Lakh | ₹ 25,943 | ₹ 30,430 |
₹ 15 Lakh | ₹ 38,914 | ₹ 45,646 |
Which is a better bank for Business Loan – SBI or Fullerton India?
SBI offers lower Business Loan EMI at 2594 on a Business Loan for 48 Months as compared to Fullerton India with a minimum EMI of 3043 for 48 Months. Average customer ratings for SBI is currently at 3.3/5.0 which makes it a good choice for taking a Business Loan.
How does SBI Business Loan compare with Fullerton India Business Loan?
A detailed comparison of SBI and Fullerton India 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 – SBI or Fullerton India?
As per the current rates, SBI offers a lower interest rate of 11.20% on Business Loan when compared to Fullerton India which offers a Business Loan at 20.00%.
Know all about Business Loan
Know more about SBI Business Loan
Know more about Fullerton India Business Loan
Compare SBI Business Loan With Other Banks
Compare Fullerton India Business Loan With Other Banks
Know About MSMEs and Mudra Loan
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