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Compare Business Loan - United Bank of India vs Ftcash

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Bank
Parameters
Interest Rate
Interest Rate
13.00% - 13.00%
18.00% - 24.00%
Processing Fees
Processing Fees
1.15%
2% of loan amount
Loan Amount
Loan Amount
₹ 5 Lakh to ₹ 15 Lakh
₹ 50,000 to ₹ 1 Cr
Loan Tenure
Loan Tenure
12 to 60 Months
1 to 36 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,275
₹ 3,615
Part Payment Charges
Part Payment Charges
Allowed after 0 months at 2% of Outstanding Balance
Not Allowed
Foreclosure Charges
Foreclosure Charges
Allowed after 0 months at 2% of Outstanding Balance
Allowed after 1 month at Nil foreclosure charges
Eligible Age
Eligible Age
25 to 65 Years
21 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
24 Months
12 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 50 Lakh
₹ 6 Lakh
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare EMI of United Bank of India and Ftcash Business Loan

Loan Amount United Bank of India Ftcash
₹ 1 Lakh ₹ 2,275 ₹ 3,615
₹ 5 Lakh ₹ 11,377 ₹ 18,076
₹ 10 Lakh ₹ 22,753 ₹ 36,152
₹ 15 Lakh ₹ 34,130 ₹ 54,229

Which is a better bank for Business Loan – United Bank of India or Ftcash?

United Bank of India offers lower Business Loan EMI at 2275 on a Business Loan for 60 Months as compared to Ftcash with a minimum EMI of 3615 for 36 Months. Average customer ratings for United Bank of India is currently at /5.0 which makes it a good choice for taking a Business Loan.

How does United Bank of India Business Loan compare with Ftcash Business Loan?

A detailed comparison of United Bank of India and Ftcash 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 United Bank of India Business Loan is 13.00%, which is lower than the lowest interest rate of Ftcash at 18.00%. Hence, United Bank of India is offering a cheaper loan option.
  • When compared on other Business Loan charges such as processing fees, United Bank of India charges a processing fees of 1.15% while Ftcash charges a processing fees of 2% of loan amount.
  • Ftcash offers Business Loan upto an amount of ₹ 1 Cr while United Bank of India offer Business Loan upto an amount of ₹ 15 Lakh. Ftcash 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. United Bank of India gives the option to close the loan after Zero months at 2% of Outstanding Balance and Ftcash gives the option to close the loan after 1 months at Nil foreclosure charges. This makes United Bank of India a better option for Business Loan.
  • United Bank of India allows part payment on Business Loan after Zero months at 2% of Outstanding Balance, while Ftcash does not offer part payment facility on Business Loan. This makes United Bank of India a better option for customers who want to retain the flexibility of reducing their loans whenever they have surplus funds available.
  • Ftcash gives business loan at a minimum turnover of ₹ 6 Lakh. However, the turnover requirement for a business loan from United Bank of India is ₹ 50 Lakh. Hence, small businesses may find is easier to get a loan from Ftcash.
  • Ftcash can be a better option if you are looking for fund requirements after 12 months. United Bank of India offers a business loan once if business is 24 months old. Hence, Ftcash should be a preferred choice for relatively new enterprises.
  • with an average customer ratings of is equally comparable to with an average customer rating of . Hence, the customer can expect the same kind of service levels from these banks.

Which bank offers lower interest rate on Business Loan – United Bank of India or Ftcash?

As per the current rates, United Bank of India offers a lower interest rate of 13.00% on Business Loan when compared to Ftcash which offers a Business Loan at 18.00%.

Know all about Business Loan

Know more about United Bank of India Business Loan

Know more about Ftcash Business Loan

Compare United Bank of India Business Loan With Other Banks

Compare Ftcash Business Loan With Other Banks

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*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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