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Compare Business Loan - Tata Capital vs SBI

Bank
Parameters
Interest Rate
Interest Rate
21.00% - 23.00%
11.20% - 16.30%
Processing Fees
Processing Fees
From 1.50% to 2.50%
From 2% to 3%
Loan Amount
Loan Amount
₹ 5 Lakh to ₹ 50 Lakh
₹ 5 Lakh to ₹ 100 Cr
Loan Tenure
Loan Tenure
12 to 48 Months
12 to 48 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 3,097
₹ 2,594
Part Payment Charges
Part Payment Charges
Not Allowed
Allowed after 0 months at 3%
Foreclosure Charges
Foreclosure Charges
Allowed after 6 months at 4.5% of outstanding balance
Allowed after 6 months at 3%
Borrower’s Age
Borrower’s 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
₹ 20 Lakh
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
5/5.0
3.3/5.0
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Compare EMI of Tata Capital and SBI Business Loan

Loan Amount Tata Capital SBI
₹ 1 Lakh ₹ 3,097 ₹ 2,594
₹ 5 Lakh ₹ 15,483 ₹ 12,971
₹ 10 Lakh ₹ 30,966 ₹ 25,943
₹ 15 Lakh ₹ 46,449 ₹ 38,914

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

SBI offers lower Business Loan EMI at 2594 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 SBI is currently at 3.3/5.0 which makes it a good choice for taking a Business Loan.

How does SBI Business Loan compare with Tata Capital Business Loan?

A detailed comparison of SBI 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 SBI Business Loan is 11.20%, which is lower than the lowest interest rate of Tata Capital at 21.00%. Hence, SBI 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 SBI charges a processing fees of From 2% to 3%.
  • SBI offers Business Loan upto an amount of ₹ 100 Cr while Tata Capital offer Business Loan upto an amount of ₹ 50 Lakh. SBI 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. SBI and Tata Capital gives the option to close the loan after 6 months at 3% and 4.5% of outstanding balance. This makes SBI a better option for Business Loan.
  • SBI allows part payment on Business Loan after Zero months at 3%, while Tata Capital does not offer part payment facility on Business Loan. This makes SBI a better option for customers who want to retain the flexibility of reducing their loans whenever they have surplus funds available.
  • SBI gives business loan at a minimum turnover of ₹ 20 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 SBI.
  • SBI 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, SBI should be a preferred choice for relatively new enterprises.
  • Tata Capital has an average customer ratings of 5, while SBI has an average customer rating of 3.3, based on which it is clear that Tata Capital has a high customer service focus, an easy Business Loan process and a quick turnaround.

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

As per the current rates, SBI offers a lower interest rate of 11.20% on Business Loan when compared to Tata Capital which offers a Business Loan at 21.00%.

Know all about Business Loan

Know more about Tata Capital Business Loan

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Compare Tata Capital Business Loan With Other Banks

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Know About MSMEs and Mudra Loan

Business Loan News - Apr 2021
  • 2021-04-12 : Rs. 15 lakh crores sanctioned under the Mudra Yojna in last 6 years
    The finance ministry reported that banks and financial institutions have sanctioned Rs. 15 lakh crores to over 28.68 crores beneficiaries in the last 6 years. Prime Minister Mudra Yojna or PMMY was launched in April 2015 with an aim to promote entrepreneurship.
  • 2021-04-07 : IIFL Home Finance signs co-lending agreement with Standard Chartered Bank
    IIFL Home Finance and Standard Chartered Bank have entered into a co-lending arrangement for extending credit. Under this agreement, IIFL Home Finance and the Standard Chartered Bank will co-originate these loans and the IIFL Home Finance will service the customers through the entire loan life-cycle including sourcing, documentation, collection and loan servicing.
  • 2021-04-05 : Yes Bank Jan-March deposits up 54% to 162, 947
    Yes Bank reported that the bank’s loan and advances which include home, personal, LAP, gold, two-wheeler, car and doctor loans along with business and mudra loans increased by 0.8% in year-on-year (YoY) terms to Rs. 172,850 crores. In addition to this, the bank deposit which includes fixed and recurring deposits grew 54.7% to Rs. 162,947 crores as compared to ₹105,364 crores on a yearly basis. The CASA(current and savings account) was up 51.8% to Rs. 42,587 crores against Rs. 28,063 crores YoY.
  • 2021-04-05 : Karnataka Bank targeting 1.42 lakh business turnover in FY 22
    Karnataka Bank is looking for 12% business growth in the current fiscal and targeting 1.42 lakh business turnover. The bank emphasised that it is planning to leverage digital banking to achieve its target.
  • 2021-03-26 : Digital Banking likely to play a major role in the banking sector
    RBI Governor emphasised that digital lending is going to play a major role in the coming years and the market will be more technology-dependent. Further, he suggested that banks need to adapt to new technologies and adapt to the changes and transformations which are happening in the world of digital lending to remain in sync with time.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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