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Compare Business Loan - Tata Capital vs DCB Bank

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Bank
Parameters
Interest Rate
Interest Rate
19.00% - 0.00%
9.25% - 16.00%
Processing Fees
Processing Fees
From 1.50% to 2.50%
Upto 2% of the loan amount
Loan Amount
Loan Amount
₹ 5 Lakh to ₹ 50 Lakh
₹ 1 Lakh to ₹ 40 Lakh
Loan Tenure
Loan Tenure
12 to 48 Months
12 to 60 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,990
₹ 2,088
Part Payment Charges
Part Payment Charges
Not Allowed
Allowed after 6 months at 7-36 Months: 4%, >36 Months: 6%
Foreclosure Charges
Foreclosure Charges
Allowed after 6 months at 4.5% of outstanding balance
Allowed after 12 months at 4 - 6%
Eligible Age
Eligible Age
25 to 65 Years
25 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
60 Months
0 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 1 Cr
₹ 50 Lakh
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
5/5.0
5/5.0
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Compare EMI of Tata Capital and DCB Bank Business Loan

Loan Amount Tata Capital DCB Bank
₹ 1 Lakh ₹ 2,990 ₹ 2,088
₹ 5 Lakh ₹ 14,950 ₹ 10,440
₹ 10 Lakh ₹ 29,900 ₹ 20,880
₹ 15 Lakh ₹ 44,850 ₹ 31,320

Which is a better bank for Business Loan – DCB Bank or Tata Capital?

DCB Bank offers lower Business Loan EMI at 2088 on a Business Loan for 60 Months as compared to Tata Capital with a minimum EMI of 2990 for 48 Months. Average customer ratings for DCB Bank is currently at 5/5.0 which makes it a good choice for taking a Business Loan.

How does DCB Bank Business Loan compare with Tata Capital Business Loan?

A detailed comparison of DCB Bank 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:

  • Lowest Interest rate of DCB Bank Business Loan is 9.25%, which is lower than the lowest interest rate of Tata Capital at 19.00%. Hence, DCB Bank is offering a cheaper loan option.
  • When compared on other Business Loan charges such as processing fees, Tata Capital charges a processing fees of From 1.50% to 2.50% while DCB Bank charges a processing fees of Upto 2% of the loan amount.
  • Tata Capital offers Business Loan upto an amount of ₹ 50 Lakh while DCB Bank offer Business Loan upto an amount of ₹ 40 Lakh. Tata Capital can be a better option if you are looking for a high value amount.
  • One feature that makes Business Loan a better option is foreclosure facility. Tata Capital gives the option to close the loan after 6 months at 4.5% of outstanding balance and DCB Bank gives the option to close the loan after 12 months at 4 - 6%. This makes Tata Capital a better option for Business Loan.
  • DCB Bank allows part payment on Business Loan after 6 months at 7-36 Months: 4%, >36 Months: 6%, while Tata Capital does not offer part payment facility on Business Loan. This makes DCB Bank a better option for customers who want to retain the flexibility of reducing their loans whenever they have surplus funds available.
  • DCB Bank gives business loan at a minimum turnover of ₹ 50 Lakh. However, the turnover requirement for a business loan from Tata Capital is ₹ 1 Cr. Hence, small businesses may find is easier to get a loan from DCB Bank.
  • DCB Bank can be a better option if you are looking for fund requirements after 0 months. Tata Capital offers a business loan once if business is 60 months old. Hence, DCB Bank should be a preferred choice for relatively new enterprises.
  • DCB Bank with an average customer ratings of 5 is equally comparable to Tata Capital with an average customer rating of 5. Hence, the customer can expect the same kind of service levels from these banks.

Which bank offers lower interest rate on Business Loan – DCB Bank or Tata Capital?

As per the current rates, DCB Bank offers a lower interest rate of 9.25% on Business Loan when compared to Tata Capital which offers a Business Loan at 19.00%.

Know all about Business Loan

Know more about Tata Capital Business Loan

Know more about DCB Bank Business Loan

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Compare DCB Bank Business Loan With Other Banks

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Business Loan News - Jul 2021
  • 2021-07-16 : Amalgamation of Bank of Baroda, erstwhile Vijaya Bank and erstwhile Dena Bank
    Bank of Baroda, on its website, stated that the IFSC codes of the erstwhile Vijaya Bank and Dena Bank were discontinued on March 1, 2021. Customers have been asked to apply for cheque books with the new MICR code at the earliest.
  • 2021-07-16 : UBI update on change in IFSC code for merged banks - Andhra Bank and Corporation Bank
    Union Bank of India (UBI) on Friday said the IFSC codes of the erstwhile e-Andhra Bank and e-Corporation Bank branches will change with effect from July 1, 2021. Customers of the erstwhile banks will have to get new cheque books with changed IFSC and MICR codes
  • 2021-07-16 : Bandhan Bank total loans rise 8% to ₹80,128 crore in Q1, deposits up 28%
    Bandhan Bank witnessed an 8% rise in its loans and advances to ₹80,128 crores in the June quarter this fiscal. The loans and advances during the same period of 2020 stood at ₹74,331 crore. Compared sequentially, it was down by 8% from ₹87,043 crores in the March quarter. Total deposits grew by 28% year-on-year to ₹77,336 crores, while the CASA (current account and savings account) deposits jumped by 48% to ₹33,197 crores in the first quarter of 2021-22.
  • 2021-07-15 : Indian Bank merger with Allahabad Bank - Change in IFSC
    The Indian Bank, which has merged with the Allahabad Bank, carried out a software migration over the weekend. As the merger got completed, new rules had been issued by the bank with regard to its services. Existing customers were asked on July 1 to get a new IFSC code to carry out online transactions smoothly.
  • 2021-07-15 : OBC & UBI merged with PNB
    After the merger of OBC and UBI with PNB in April 2020, PNB has now updated the IFSC codes of all the branches of PNB and UBI. New IFSC codes have come into effect from July 1, 2021.
*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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