MyLoanCare is a FREE of cost service for borrowers

Get Cashback of Upto ₹1,000* on Business Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0

Compare Yes Bank vs Ftcash Business Loan

Download Comparison
Bank
Interest Rate
Interest Rate
16.25% - 19.99%
18.00% - 24.00%
Processing Fees
Processing Fees
Up to 2%
2% of loan amount
Loan Amount
Loan Amount
₹ 5 Lakh to ₹ 50 Lakh
₹ 50,000 to ₹ 1 Cr
Loan Tenure
Loan Tenure
12 to 36 Months
1 to 36 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 3,528
₹ 3,615
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 foreclosure charges
Eligible Age
Eligible Age
25 to 65 Years
21 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
36 Months
12 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 1 Cr
₹ 6 Lakh
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
5/5.0
5/5.0
Add Bank

Compare Business Loan EMI of Yes Bank and Ftcash

Loan Amount Yes Bank Ftcash
₹ 1 Lakh ₹ 3,528 ₹ 3,615
₹ 5 Lakh ₹ 17,640 ₹ 18,076
₹ 10 Lakh ₹ 35,281 ₹ 36,152
₹ 15 Lakh ₹ 52,921 ₹ 54,229

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

Yes Bank offers lower Business Loan EMI at Rs. 3528 for 36 Months compared to Ftcash with a minimum EMI of Rs. 3615 for 36 Months. In addition, average customer ratings for Yes Bank is currently at 5/5.0, making it a good choice for taking a Business Loan.

How does Yes Bank Business Loan compare with Ftcash Business Loan?

A detailed comparison of Yes Bank 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 Yes Bank Loan is 16.25%, which is lower than the lowest interest rate of Ftcash at 18.00%. Hence, Yes Bank 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 Ftcash charges a processing fee of Upto 2% of loan amount.
  • Ftcash offers Business Loan upto an amount of ₹ 1 Cr, while Yes Bank offers Loan upto an amount of ₹ 50 Lakh. Therefore, 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 the foreclosure facility. Ftcash gives the option to close the loan after 1 months at Nil foreclosure charges and Yes Bank gives the option to close the loan after 12 months at Up to 4%. This makes Ftcash a better option for Business Loan.
  • Yes Bank allows part payment on Business Loan after 12 months at 2% charges, while Ftcash 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.
  • Ftcash gives business loan at a minimum turnover of ₹ 6 Lakh. 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 Ftcash.
  • Ftcash can be a better option if you are looking for fund requirements after 12 months. Yes Bank offers a business loan once if business is 36 months old. Hence, Ftcash should be a preferred choice for relatively new enterprises.
  • Ftcash 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 – Yes Bank or Ftcash?

As per the current rates, Yes Bank offers a lower interest rate of 16.25% on loans compared to Ftcash, which offers a Business Loan at 18.00%.

Know all about Business Loan

Know more about Yes Bank Business Loan

Know more about Ftcash Business Loan

Compare Yes Bank Business Loan With Other Banks

Compare Ftcash Business Loan With Other Banks

Know About MSMEs and Mudra Loan

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.50%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 6.90%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 7.05%.

    Invest Now
Business Loan News - Jan 2022
  • 2022-01-20 : Cholamandalam Launches Three New Business Verticals
    Cholamandalam Investment and Finance Company has created three new business divisions, Consumer & Small Enterprise Loan (CSEL), Secured Business & Personal Loan (SBPL) and SME Loan (SME), to drive the next wave of growth.
  • 2022-01-20 : Union Lenders Approves Reimbursement Amount of ₹974 cr for Pandemic Loan Moratorium.
    The Union Cabinet has approved a sanction of ₹973.74 crores for lenders to reimburse the loan moratorium. Earlier, on March 27, 2020, the Reserve Bank of India (RBI) had announced a loan moratorium on payment of instalments of term loans falling due between March 1 and May 31, 2020, due to the pandemic, which was extended to August 31.
  • 2022-01-19 : SIDBI Sanctions ₹650 cr to AU and Jana Small Finance Banks
    Small Industries Development Bank of India or SIDBI has sanctioned funds aggregating ₹650 crores to two small finance banks, AU SFB and Jana SFB. The funds will support small-sized non-banking financial companies (NBFCs) and microfinance institutions (MFIs) to provide financial assistance to small businesses and micro-entrepreneurs.
  • 2022-01-12 : Federal Bank Launches Online Lending Platform for MSME
    Federal Bank has launched an online portal, federalinstaloans.com. for MSME. The online platform facilitates quick and hassle-free credit approvals of up to ₹50 lakh for Micro, Small & Medium Enterprises across India.
  • 2022-01-11 : Indian Bank and Edelweiss Group Joins Hands for Co-lending
    Edelweiss Group has announced its partnership with Indian Bank to offer co-lending to or lending to priority sector areas. These include agriculture, micro-enterprises and advances to weaker sections of the society.
*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
Loader
Please wait while your information is being processed...