Compare Business Loan - SBI vs Yes Bank
Bank |
SBI
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
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% |
16.25% - 19.99% |
Processing Fees | Processing Fees From 2% to 3% |
Up to 2% |
Loan Amount | Loan Amount ₹ 5 Lakh to ₹ 100 Cr |
₹ 5 Lakh to ₹ 50 Lakh |
Loan Tenure | Loan Tenure 12 to 48 Months |
12 to 36 Months |
Lowest EMI Per Lakh | Lowest EMI Per Lakh ₹ 2,594 |
₹ 3,528 |
Part Payment Charges | Part Payment Charges Allowed after 0 months at 3% |
Allowed after 12 months at 2% charges |
Foreclosure Charges | Foreclosure Charges Allowed after 6 months at 3% |
Allowed after 12 months at Up to 4% |
Borrower’s Age | Borrower’s 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 |
₹ 1 Cr |
Customer Ratings (Read Reviews) | Customer Ratings (Read Reviews) 3.3/5.0 |
5/5.0 |
Compare EMI of SBI and Yes Bank Business Loan
Loan Amount | SBI | Yes Bank |
---|---|---|
₹ 1 Lakh | ₹ 2,594 | ₹ 3,528 |
₹ 5 Lakh | ₹ 12,971 | ₹ 17,640 |
₹ 10 Lakh | ₹ 25,943 | ₹ 35,281 |
₹ 15 Lakh | ₹ 38,914 | ₹ 52,921 |
Which is a better bank for Business Loan – SBI or Yes Bank?
SBI offers lower Business Loan EMI at 2594 on a Business Loan for 48 Months as compared to Yes Bank with a minimum EMI of 3528 for 36 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 Yes Bank Business Loan?
A detailed comparison of SBI and Yes 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:
Which bank offers lower interest rate on Business Loan – SBI or Yes Bank?
As per the current rates, SBI offers a lower interest rate of 11.20% on Business Loan when compared to Yes Bank which offers a Business Loan at 16.25%.
Know all about Business Loan
Know more about SBI Business Loan
Know more about Yes Bank Business Loan
Compare SBI Business Loan With Other Banks
Compare Yes Bank Business Loan With Other Banks
Know About MSMEs and Mudra Loan
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Bandhan Bank reported an overall collection efficiency of 96% for the quarter ending March 2021. Total advances which include retail loans like home, personal, business, car, two-wheeler education and doctor loan along with business and mudra loans grew by 21% at ₹87,054 crores. Deposits which includes fixed and recurring deposits grew by 37% at ₹77,972 crores. Further, CASA deposits increased by 61 per cent at ₹33,827 crores. - 2021-04-12 : Rs. 15 lakh crores sanctioned under the Mudra Yojna in last 6 years
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.
