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Compare SBI vs RBL Bank Business Loan

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Bank
Interest Rate
Interest Rate
11.20% - 16.30%
18.50% - 21.00%
Processing Fees
Processing Fees
From 2% to 3%
2.50-3.00% of loan amount
Loan Amount
Loan Amount
₹ 5 Lakh to ₹ 100 Cr
₹ 1 Lakh to ₹ 10 Lakh
Loan Tenure
Loan Tenure
12 to 48 Months
12 to 36 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,594
₹ 3,640
Part Payment Charges
Part Payment Charges
Allowed after 0 months at 3%
Not Allowed
Foreclosure Charges
Foreclosure Charges
Allowed after 6 months at 3%
Allowed after 12 months at NIL foreclosure charges
Eligible Age
Eligible 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
₹ 1 Cr
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
3.3/5.0
3.3/5.0
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Compare Business Loan EMI of SBI and RBL Bank

Loan Amount SBI RBL Bank
₹ 1 Lakh ₹ 2,594 ₹ 3,640
₹ 5 Lakh ₹ 12,971 ₹ 18,202
₹ 10 Lakh ₹ 25,943 ₹ 36,404
₹ 15 Lakh ₹ 38,914 ₹ 54,606

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

SBI offers lower Business Loan EMI at Rs. 2594 for 48 Months compared to RBL Bank with a minimum EMI of Rs. 3640 for 36 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 RBL Bank Business Loan?

A detailed comparison of SBI 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:

  • Lowest Interest rate of SBI Loan is 11.20%, which is lower than the lowest interest rate of RBL Bank at 18.50%. 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 RBL Bank charges a processing fee of Upto 2.50-3.00% of loan amount.
  • SBI offers Business Loan upto an amount of ₹ 100 Cr, while RBL Bank offers Loan upto an amount of ₹ 10 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. SBI gives the option to close the loan after 6 months at 3% and RBL Bank gives the option to close the loan after 12 months at NIL foreclosure charges . This makes SBI a better option for Business Loan.
  • SBI allows part payment on Business Loan after Zero months at 3%, while RBL Bank does not offer a part payment facility. This makes SBI a better option for customers who want to retain the flexibility of reducing their loans whenever they have surplus funds available.
  • SBI gives business loan at a minimum turnover of ₹ 20 Lakh. However, the turnover requirement for a business loan from RBL Bank is ₹ 1 Cr. Hence, small businesses may find is easier to get a loan from SBI.
  • RBL Bank and SBI offer a business loan if your business has completed 36 months. Hence, RBL Bank and SBI both can be a preferred choice for relatively new enterprises.
  • RBL Bank with an average customer rating of 3.3 is equally comparable to SBI with an average customer rating of 3.3. Hence, the customer can expect the same kind of service levels from these banks.

Which bank offers a lower interest rate on Business Loan – SBI or RBL Bank?

As per the current rates, SBI offers a lower interest rate of 11.20% on loans compared to RBL Bank, which offers a Business Loan at 18.50%.

Know all about Business Loan

Know more about SBI Business Loan

Know more about RBL Bank Business Loan

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Business Loan News - Dec 2022
  • 2022-11-02 : Karnataka Bank Registers Net Profit in the Q2 of 2022-23
    The bank has registered a net profit of ₹411.63 crores in the Q2 of 2022-23. In the corresponding quarter, it saw ₹125.61 crores, thus registering a growth of 227.70 percent.
  • 2022-10-18 : SBI Credit Card Holders ALERT! State Bank hikes charges on EMI transactions, Rent Payments
    In a move that may further make credit card usage costlier, the State Bank of India has revised certain charges for its credit card users. The new charges will come into effect from November 15. The processing fee on merchant EMI transactions has been revised to Rs 199 + applicable taxes from earlier Rs 99 + applicable taxes. Processing fee on rent payment transactions will be Rs 99 + applicable taxes," said the bank.
  • 2022-10-18 : SBI launches its digital banking unit in Goa
    As part of the Union government’s initiative, a digital banking unit (DBU) of the State Bank of India (SBI) was inaugurated in Goa. The initiative aims to ensure that the benefits of digital banking reach every nook and corner of the country. The DBUs will offer banking products and services to the customers 24x7.
  • 2022-09-09 : HDFC Bank to introduce 10-second personal loan service
    India’s largest private sector lender HDFC Bank is aiming at introducing the 10-seconds loan service for everyone including those who do not have an account with the bank. The bank has been a paradigm pioneer in 10-second loans for existing customers and has been able to deliver this over the past six years.
  • 2022-08-18 : HDFC bank opens its first all women branch in Kerela`s kozhikode.
    HDFC has opened its first all-women branch in Kozhikode. The branch, located in Cherootty Road, the hub of traders in the district, will have 4 women bankers. HDFC Bank is driving diversity and inclusion within the organization with a special focus on enhancing gender diversity.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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