Compare Yes Bank vs Neogrowth Business Loan

Download Comparison

Bank	SBI HDFC Bank ICICI Bank RBL Bank Tata Capital Lendingkart Bajaj Finserv IDFC First Bank IIFL Bank of Maharashtra IndusInd Bank Kotak Bank Fullerton India IDBI Bank Ftcash Indifi 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 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 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 16.25% - 19.99%	24.00% - 0.00%
Processing Fees	Processing Fees Up to 2%	Upto 3% of loan amount
Loan Amount	Loan Amount ₹ 5 Lakh to ₹ 50 Lakh	₹ 1 Lakh to ₹ 8 Lakh
Loan Tenure	Loan Tenure 12 to 36 Months	9 to 24 Months
Lowest EMI Per Lakh	Lowest EMI Per Lakh ₹ 3,528	₹ 5,287
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 charges
Eligible Age	Eligible Age 25 to 65 Years	23 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	₹ 24 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 Neogrowth

Loan Amount	Yes Bank	Neogrowth
₹ 1 Lakh	₹ 3,528	₹ 5,287
₹ 5 Lakh	₹ 17,640	₹ 26,436
₹ 10 Lakh	₹ 35,281	₹ 52,871
₹ 15 Lakh	₹ 52,921	₹ 79,307

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

Yes Bank offers lower Business Loan EMI at Rs. 3528 for 36 Months compared to Neogrowth with a minimum EMI of Rs. 5287 for 24 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 Neogrowth Business Loan?

A detailed comparison of Yes Bank and Neogrowth 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 Neogrowth at 24.00%. 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 Neogrowth charges a processing fee of Upto Upto 3% of loan amount.
Yes Bank offers Business Loan upto an amount of ₹ 50 Lakh, while Neogrowth offers Loan upto an amount of ₹ 8 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. Neogrowth gives the option to close the loan after 1 months at Nil charges and Yes Bank gives the option to close the loan after 12 months at Up to 4%. This makes Neogrowth a better option for Business Loan.
Yes Bank allows part payment on Business Loan after 12 months at 2% charges, while Neogrowth 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.
Neogrowth gives business loan at a minimum turnover of ₹ 24 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 Neogrowth.
Neogrowth 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, Neogrowth should be a preferred choice for relatively new enterprises.
Neogrowth 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 Neogrowth?

As per the current rates, Yes Bank offers a lower interest rate of 16.25% on loans compared to Neogrowth, which offers a Business Loan at 24.00%.

Know all about Business Loan

Know more about Yes Bank Business Loan

Know more about Neogrowth Business Loan

Compare Yes Bank Business Loan With Other Banks

Compare Neogrowth 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 - May 2022

2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year.
2022-05-03 : HDFC Profit Rises by 16% for Q4 of FY 2022
Housing Development Finance Corporation has reported a 16% year-on-year rise in its standalone net profit for the March quarter to Rs 3,700 crore on the back of strong growth in loans and net interest income (NII).
2022-04-29 : Axis Bank Net Profit Jumps to Rs 4,118 crore in March Quarter
The bank has reported a 54 percent jump in its standalone net profit to Rs 4,117.77 crore from a net profit of Rs 2,677.06 crore in the year-ago period for the quarter ended March 2022.
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

Calculate Your Income Tax ☺

Please wait while your information is being processed...