MyLoanCare is a FREE of cost service for borrowers

Get Voucher of Upto ₹1,000* on Business Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0

Compare Syndicate Bank vs Corporation Bank Business Loan

Download Comparison
Bank
Interest Rate
Interest Rate
12.65% - 13.65%
13.55% - 14.55%
Processing Fees
Processing Fees
0.5%, Min Rs. 500
1.5%, Min Rs. 500
Loan Amount
Loan Amount
₹ 50,000 to ₹ 5 Lakh
₹ 2 Lakh to ₹ 5 Cr
Loan Tenure
Loan Tenure
12 to 60 Months
12 to 84 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,257
₹ 1,849
Part Payment Charges
Part Payment Charges
Allowed after 0 months at Nil prepayment charges
Allowed after 0 months at Nil prepayment charges
Foreclosure Charges
Foreclosure Charges
Allowed after 0 months at Nil prepayment charges
Allowed after 0 months at Nil prepayment charges
Eligible Age
Eligible Age
21 to 58 Years
21 to 58 Years
Minimum Years in Business Required
Minimum Years in Business Required
NA
12 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 0
₹ 0
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
Add Bank

Compare Business Loan EMI of Syndicate Bank and Corporation Bank

Loan Amount Syndicate Bank Corporation Bank
₹ 1 Lakh ₹ 2,257 ₹ 1,849
₹ 5 Lakh ₹ 11,287 ₹ 9,246
₹ 10 Lakh ₹ 22,574 ₹ 18,492
₹ 15 Lakh ₹ 33,861 ₹ 27,738

Which is a better bank for Business Loan – Syndicate Bank or Corporation Bank?

Corporation Bank offers lower Business Loan EMI at Rs. 1849 for 84 Months compared to Syndicate Bank with a minimum EMI of Rs. 2257 for 60 Months. In addition, average customer ratings for Corporation Bank is currently at /5.0, making it a good choice for taking a Business Loan.

How does Syndicate Bank Business Loan compare with Corporation Bank Business Loan?

A detailed comparison of Syndicate Bank and Corporation 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 Syndicate Bank Loan is 12.65%, which is lower than the lowest interest rate of Corporation Bank at 13.55%. Hence, Syndicate Bank is offering a cheaper loan option.
  • Compared to other Business Loan charges such as processing fees, Syndicate Bank charges a processing fee of 0.5%, Min Rs. 500, while Corporation Bank charges a processing fee of Upto 1.5%, Min Rs. 500.
  • Corporation Bank offers Business Loan upto an amount of ₹ 5 Cr, while Syndicate Bank offers Loan upto an amount of ₹ 5 Lakh. Therefore, Corporation Bank 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. Corporation Bank and Syndicate Bank gives the option to close the loan after Zero months at Nil prepayment charges and Nil prepayment charges. This makes Corporation Bank a better option for Business Loan.
  • Corporation Bank and Syndicate Bank allow part payment on Business Loan after Zero months at Nil charges. Corporation Bank applies a charge of Nil charges and Syndicate Bank charges Nil charges on Business Loan.
  • Corporation Bank can be a better option if you are looking for fund requirements after 12 months. Syndicate Bank offers a business loan once if business is NA months old. Hence, Corporation Bank should be a preferred choice for relatively new enterprises.
  • with an average customer rating of is equally comparable to with an average customer rating of . Hence, the customer can expect the same kind of service levels from these banks.

Which bank offers a lower interest rate on Business Loan – Syndicate Bank or Corporation Bank?

As per the current rates, Syndicate Bank offers a lower interest rate of 12.65% on loans compared to Corporation Bank, which offers a Business Loan at 13.55%.

Know all about Business Loan

Know more about Syndicate Bank Business Loan

Know more about Corporation Bank Business Loan

Compare Syndicate Bank Business Loan With Other Banks

Compare Corporation Bank Business Loan With Other Banks

Know About MSMEs and Mudra Loan

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 7.15%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 8.10%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 7.05%.

    Invest Now
Business Loan News - Aug 2022
  • 2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
    The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year.
  • 2022-05-03 : HDFC Profit Rises by 16% for Q4 of FY 2022
    Housing Development Finance Corporation has reported a 16% year-on-year rise in its standalone net profit for the March quarter to Rs 3,700 crore on the back of strong growth in loans and net interest income (NII).
  • 2022-04-29 : Axis Bank Net Profit Jumps to Rs 4,118 crore in March Quarter
    The bank has reported a 54 percent jump in its standalone net profit to Rs 4,117.77 crore from a net profit of Rs 2,677.06 crore in the year-ago period for the quarter ended March 2022.
  • 2022-04-29 : ICICI Bank Launches Digital Ecosystem for MSMEs
    The new digital ecosystem comprises three pillars, including enhanced banking services for existing customers, MSMEs who are customers of other banks, and other value-added services for all.
  • 2022-04-28 : Union Bank Rolls out Automated Solution for Recovery of Bad Loans
    Union Bank of India will be using a first-of-its-kind stressed asset recovery automated solution (SARAS) to help the bank enforce securities, track recoveries, and enhance monitoring of stressed assets.
*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
Loader
Please wait while your information is being processed...