Compare Tata Capital vs SBI Business Loan

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Bank	HDFC Bank 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%	11.20% - 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 ₹ 2,990	₹ 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%
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	₹ 20 Lakh
Customer Ratings (Read Reviews)	Customer Ratings (Read Reviews) 5/5.0	3.3/5.0

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Compare Business Loan EMI of Tata Capital and SBI

Loan Amount	Tata Capital	SBI
₹ 1 Lakh	₹ 2,990	₹ 2,594
₹ 5 Lakh	₹ 14,950	₹ 12,971
₹ 10 Lakh	₹ 29,900	₹ 25,943
₹ 15 Lakh	₹ 44,850	₹ 38,914

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

SBI offers lower Business Loan EMI at Rs. 2594 for 48 Months compared to Tata Capital with a minimum EMI of Rs. 2990 for 48 Months. In addition, average customer ratings for SBI is currently at 3.3/5.0, making 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 Loan is 11.20%, which is lower than the lowest interest rate of Tata Capital at 19.00%. Hence, SBI 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 SBI charges a processing fee of Upto From 2% to 3%.
SBI offers Business Loan upto an amount of ₹ 100 Cr, while Tata Capital offers Loan upto an amount of ₹ 50 Lakh. Therefore, 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 the 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 a part payment facility. 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 rating of 5. In contrast, 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 process and a quick turnaround.

Which bank offers a 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 loans compared to Tata Capital, which offers a Business Loan at 19.00%.

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