Compare Tata Capital vs HDFC Bank Business Loan

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Bank	SBI 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	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
Interest Rate	Interest Rate 19.00% - 0.00%	11.90% - 21.35%
Processing Fees	Processing Fees From 1.50% to 2.50%	₹ 499
Loan Amount	Loan Amount ₹ 5 Lakh to ₹ 50 Lakh	₹ 50,000 to ₹ 50 Lakh
Loan Tenure	Loan Tenure 12 to 48 Months	12 to 48 Months
Lowest EMI Per Lakh	Lowest EMI Per Lakh ₹ 2,990	₹ 2,628
Part Payment Charges	Part Payment Charges Not Allowed	Not Allowed
Foreclosure Charges	Foreclosure Charges Allowed after 6 months at 4.5% of outstanding balance	Allowed after 12 months at 2 - 4%
Eligible Age	Eligible Age 25 to 65 Years	21 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	₹ 1 Cr
Customer Ratings (Read Reviews)	Customer Ratings (Read Reviews) 5/5.0	4.5/5.0

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Compare Business Loan EMI of Tata Capital and HDFC Bank

Loan Amount	Tata Capital	HDFC Bank
₹ 1 Lakh	₹ 2,990	₹ 2,628
₹ 5 Lakh	₹ 14,950	₹ 13,142
₹ 10 Lakh	₹ 29,900	₹ 26,285
₹ 15 Lakh	₹ 44,850	₹ 39,427

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

HDFC Bank offers lower Business Loan EMI at Rs. 2628 for 48 Months compared to Tata Capital with a minimum EMI of Rs. 2990 for 48 Months. In addition, average customer ratings for HDFC Bank is currently at 4.5/5.0, making it a good choice for taking a Business Loan.

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

A detailed comparison of HDFC 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 HDFC Bank Loan is 11.90%, which is lower than the lowest interest rate of Tata Capital at 19.00%. Hence, HDFC Bank is offering a cheaper loan option.
Compared to other Business Loan charges such as processing fees, Tata Capital charges a processing fee of From 1.50% to 2.50%, while HDFC Bank charges a processing fee of Upto ₹ 499.
One feature that makes Business Loan a better option is the foreclosure facility. Tata Capital gives the option to close the loan after 6 months at 4.5% of outstanding balance and HDFC Bank gives the option to close the loan after 12 months at 2 - 4%. This makes Tata Capital a better option for Business Loan.
HDFC Bank can be a better option if you are looking for fund requirements after 36 months. Tata Capital offers a business loan once if business is 60 months old. Hence, HDFC Bank should be a preferred choice for relatively new enterprises.
Tata Capital has an average customer rating of 5. In contrast, HDFC Bank has an average customer rating of 4.5, based on which it is clear that Tata Capital has a high customer service focus, an easy process and a quick turnaround.

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

As per the current rates, HDFC Bank offers a lower interest rate of 11.90% on loans compared to Tata Capital, which offers a Business Loan at 19.00%.

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Business Loan News - Aug 2022

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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

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