Compare Business Loan - Tata Capital vs Bajaj Finserv
Bank |
SBI
HDFC Bank
ICICI Bank
RBL Bank
Tata Capital
Lendingkart
IDFC First Bank
IIFL
Bank of Maharashtra
IndusInd Bank
Kotak Bank
Fullerton India
Ftcash
Indifi
IDBI Bank
Neogrowth
Yes 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
|
SBI
HDFC Bank
ICICI Bank
RBL Bank
Lendingkart
Bajaj Finserv
IDFC First Bank
IIFL
Bank of Maharashtra
IndusInd Bank
Kotak Bank
Fullerton India
Ftcash
Indifi
IDBI Bank
Neogrowth
Yes 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
|
---|---|---|
Parameters | ||
Interest Rate | Interest Rate 21.00% - 23.00% |
18.00% - 22.00% |
Processing Fees | Processing Fees From 1.50% to 2.50% |
Upto 2% of loan amount |
Loan Amount | Loan Amount ₹ 5 Lakh to ₹ 50 Lakh |
₹ 5 Lakh to ₹ 30 Lakh |
Loan Tenure | Loan Tenure 12 to 48 Months |
12 to 48 Months |
Lowest EMI Per Lakh | Lowest EMI Per Lakh ₹ 3,097 |
₹ 2,937 |
Part Payment Charges | Part Payment Charges Not Allowed |
Allowed after 1 month at 2% |
Foreclosure Charges | Foreclosure Charges Allowed after 6 months at 4.5% of outstanding balance |
Allowed after 1 month at 4% |
Borrower’s Age | Borrower’s Age 25 to 65 Years |
25 to 65 Years |
Minimum Years in Business Required | Minimum Years in Business Required 60 Months |
36 Months |
Minimum Turnover Required | Minimum Turnover Required ₹ 1 Cr |
₹ 12 Lakh |
Customer Ratings (Read Reviews) | Customer Ratings (Read Reviews) 5/5.0 |
4/5.0 |
Compare EMI of Tata Capital and Bajaj Finserv Business Loan
Loan Amount | Tata Capital | Bajaj Finserv |
---|---|---|
₹ 1 Lakh | ₹ 3,097 | ₹ 2,938 |
₹ 5 Lakh | ₹ 15,483 | ₹ 14,688 |
₹ 10 Lakh | ₹ 30,966 | ₹ 29,375 |
₹ 15 Lakh | ₹ 46,449 | ₹ 44,062 |
Which is a better bank for Business Loan – Bajaj Finserv or Tata Capital?
Bajaj Finserv offers lower Business Loan EMI at 2937 on a Business Loan for 48 Months as compared to Tata Capital with a minimum EMI of 3097 for 48 Months. Average customer ratings for Bajaj Finserv is currently at 4/5.0 which makes it a good choice for taking a Business Loan.
How does Bajaj Finserv Business Loan compare with Tata Capital Business Loan?
A detailed comparison of Bajaj Finserv and Tata Capital 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 – Bajaj Finserv or Tata Capital?
As per the current rates, Bajaj Finserv offers a lower interest rate of 18.00% on Business Loan when compared to Tata Capital which offers a Business Loan at 21.00%.
Know all about Business Loan
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Know About MSMEs and Mudra Loan
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