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Compare Yes Bank vs Bank of Baroda Business Loan

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Bank
Interest Rate
Interest Rate
16.25% - 19.99%
14.10% - 14.10%
Processing Fees
Processing Fees
Up to 2%
Upto 1.00%
Loan Amount
Loan Amount
₹ 5 Lakh to ₹ 50 Lakh
₹ 1 Lakh to ₹ 2 Lakh
Loan Tenure
Loan Tenure
12 to 36 Months
12 to 36 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 3,528
₹ 3,423
Part Payment Charges
Part Payment Charges
Allowed after 12 months at 2% charges
Not Allowed
Foreclosure Charges
Foreclosure Charges
Allowed after 12 months at Up to 4%
Allowed after 1 month at Nil prepayment charges
Eligible Age
Eligible Age
25 to 65 Years
21 to 60 Years
Minimum Years in Business Required
Minimum Years in Business Required
36 Months
NA
Minimum Turnover Required
Minimum Turnover Required
₹ 1 Cr
₹ 0
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
5/5.0
5/5.0
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Compare Business Loan EMI of Yes Bank and Bank of Baroda

Loan Amount Yes Bank Bank of Baroda
₹ 1 Lakh ₹ 3,528 ₹ 3,423
₹ 5 Lakh ₹ 17,640 ₹ 17,113
₹ 10 Lakh ₹ 35,281 ₹ 34,226
₹ 15 Lakh ₹ 52,921 ₹ 51,339

Which is a better bank for Business Loan – Bank of Baroda or Yes Bank?

Bank of Baroda offers lower Business Loan EMI at Rs. 3423 for 36 Months compared to Yes Bank with a minimum EMI of Rs. 3528 for 36 Months. In addition, average customer ratings for Bank of Baroda is currently at 5/5.0, making it a good choice for taking a Business Loan.

How does Bank of Baroda Business Loan compare with Yes Bank Business Loan?

A detailed comparison of Bank of Baroda and Yes Bank 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 Bank of Baroda Loan is 14.10%, which is lower than the lowest interest rate of Yes Bank at 16.25%. Hence, Bank of Baroda is offering a cheaper loan option.
  • Compared to other Business Loan charges such as processing fees, Yes Bank charges a processing fee of Up to 2%, while Bank of Baroda charges a processing fee of Upto Upto 1.00%.
  • Yes Bank offers Business Loan upto an amount of ₹ 50 Lakh, while Bank of Baroda offers Loan upto an amount of ₹ 2 Lakh. Therefore, Yes Bank 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. Bank of Baroda gives the option to close the loan after 1 months at Nil prepayment charges and Yes Bank gives the option to close the loan after 12 months at Up to 4%. This makes Bank of Baroda a better option for Business Loan.
  • Yes Bank allows part payment on Business Loan after 12 months at 2% charges, while Bank of Baroda does not offer a part payment facility. This makes Yes Bank a better option for customers who want to retain the flexibility of reducing their loans whenever they have surplus funds available.
  • Bank of Baroda gives business loan at a minimum turnover of ₹ 0 . However, the turnover requirement for a business loan from Yes Bank is ₹ 1 Cr. Hence, small businesses may find is easier to get a loan from Bank of Baroda.
  • Yes Bank can be a better option if you are looking for fund requirements after 36 months. Bank of Baroda offers a business loan once if business is NA months old. Hence, Yes Bank should be a preferred choice for relatively new enterprises.
  • Bank of Baroda with an average customer rating of 5 is equally comparable to Yes Bank with an average customer rating of 5. Hence, the customer can expect the same kind of service levels from these banks.

Which bank offers a lower interest rate on Business Loan – Bank of Baroda or Yes Bank?

As per the current rates, Bank of Baroda offers a lower interest rate of 14.10% on loans compared to Yes Bank, which offers a Business Loan at 16.25%.

Know all about Business Loan

Know more about Yes Bank Business Loan

Know more about Bank of Baroda Business Loan

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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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