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Compare Syndicate Bank vs Ftcash Business Loan

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Bank
Interest Rate
Interest Rate
12.65% - 13.65%
18.00% - 24.00%
Processing Fees
Processing Fees
0.5%, Min Rs. 500
2% of loan amount
Loan Amount
Loan Amount
₹ 50,000 to ₹ 5 Lakh
₹ 50,000 to ₹ 1 Cr
Loan Tenure
Loan Tenure
12 to 60 Months
1 to 36 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,257
₹ 3,615
Part Payment Charges
Part Payment Charges
Allowed after 0 months at Nil prepayment charges
Not Allowed
Foreclosure Charges
Foreclosure Charges
Allowed after 0 months at Nil prepayment charges
Allowed after 1 month at Nil foreclosure charges
Eligible Age
Eligible Age
21 to 58 Years
21 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
NA
12 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 0
₹ 6 Lakh
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Business Loan EMI of Syndicate Bank and Ftcash

Loan Amount Syndicate Bank Ftcash
₹ 1 Lakh ₹ 2,257 ₹ 3,615
₹ 5 Lakh ₹ 11,287 ₹ 18,076
₹ 10 Lakh ₹ 22,574 ₹ 36,152
₹ 15 Lakh ₹ 33,861 ₹ 54,229

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

Syndicate Bank offers lower Business Loan EMI at Rs. 2257 for 60 Months compared to Ftcash with a minimum EMI of Rs. 3615 for 36 Months. In addition, average customer ratings for Syndicate Bank is currently at /5.0, making it a good choice for taking a Business Loan.

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

A detailed comparison of Syndicate Bank and Ftcash 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 Ftcash at 18.00%. 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 Ftcash charges a processing fee of Upto 2% of loan amount.
  • Ftcash offers Business Loan upto an amount of ₹ 1 Cr, while Syndicate Bank offers Loan upto an amount of ₹ 5 Lakh. Therefore, Ftcash 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. Syndicate Bank gives the option to close the loan after Zero months at Nil prepayment charges and Ftcash gives the option to close the loan after 1 months at Nil foreclosure charges. This makes Syndicate Bank a better option for Business Loan.
  • Syndicate Bank allows part payment on Business Loan after Zero months at Nil charges, while Ftcash does not offer a part payment facility. This makes Syndicate Bank a better option for customers who want to retain the flexibility of reducing their loans whenever they have surplus funds available.
  • Syndicate Bank gives business loan at a minimum turnover of ₹ 0 . However, the turnover requirement for a business loan from Ftcash is ₹ 6 Lakh. Hence, small businesses may find is easier to get a loan from Syndicate Bank.
  • Ftcash 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, Ftcash 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 Ftcash?

As per the current rates, Syndicate Bank offers a lower interest rate of 12.65% on loans compared to Ftcash, which offers a Business Loan at 18.00%.

Know all about Business Loan

Know more about Syndicate Bank Business Loan

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*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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