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Compare Yes Bank vs RBL Bank Business Loan

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Bank
Interest Rate
Interest Rate
16.25% - 19.99%
18.50% - 21.00%
Processing Fees
Processing Fees
Up to 2%
2.50-3.00% of loan amount
Loan Amount
Loan Amount
₹ 5 Lakh to ₹ 50 Lakh
₹ 1 Lakh to ₹ 10 Lakh
Loan Tenure
Loan Tenure
12 to 36 Months
12 to 36 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 3,528
₹ 3,640
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 12 months at NIL foreclosure charges
Eligible Age
Eligible Age
25 to 65 Years
27 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
36 Months
36 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 1 Cr
₹ 1 Cr
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 RBL Bank

Loan Amount Yes Bank RBL Bank
₹ 1 Lakh ₹ 3,528 ₹ 3,640
₹ 5 Lakh ₹ 17,640 ₹ 18,202
₹ 10 Lakh ₹ 35,281 ₹ 36,404
₹ 15 Lakh ₹ 52,921 ₹ 54,606

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

Yes Bank offers lower Business Loan EMI at Rs. 3528 for 36 Months compared to RBL Bank with a minimum EMI of Rs. 3640 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 RBL Bank Business Loan?

A detailed comparison of Yes Bank and RBL 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 Yes Bank Loan is 16.25%, which is lower than the lowest interest rate of RBL Bank at 18.50%. 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 RBL Bank charges a processing fee of Upto 2.50-3.00% of loan amount.
  • Yes Bank offers Business Loan upto an amount of ₹ 50 Lakh, while RBL Bank offers Loan upto an amount of ₹ 10 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. RBL Bank and Yes Bank gives the option to close the loan after 12 months at NIL foreclosure charges and Up to 4%. This makes RBL Bank a better option for Business Loan.
  • Yes Bank allows part payment on Business Loan after 12 months at 2% charges, while RBL Bank 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.
  • RBL Bank and Yes Bank offer a business loan if your business has completed 36 months. Hence, RBL Bank and Yes Bank both can be a preferred choice for relatively new enterprises.
  • RBL Bank 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 RBL Bank?

As per the current rates, Yes Bank offers a lower interest rate of 16.25% on loans compared to RBL Bank, which offers a Business Loan at 18.50%.

Know all about Business Loan

Know more about Yes Bank Business Loan

Know more about RBL Bank Business Loan

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Business Loan News - Oct 2021
  • 2021-10-18 : HDFC Bank Posts 17.2 Percent Profits In Q2
    Private sector bank, HDFC Bank has posted a 17.6 percent rise in net profit at Rs 8,834.3 crore in the second quarter ended September 30, 2021. The lender had posted a net profit of Rs 7,513.1 crore in Q2 of 2020.
  • 2021-10-11 : IIFL Finance Launches Instant Business Loan
    IIFL Finance has launched instant business loans on WhatsApp to avail of loan amount upto Rs. 10 Lakhs with benefits such as minimum documentation and quick approval.
  • 2021-10-05 : IndusInd Bank Advances Grow by 10% Y-O-Y
    IndusInd Bank has posted a growth in advances by 10% on a Y-O-Y basis. Retail Deposits and Deposits from Small Business Customers amounted to Rs 1,11,749 crore as of 30 September 2021 as compared to Rs 1,05,737 crore as of 30 June 2021.
  • 2021-10-05 : HDFC Bank Reports Growth in Advances in Q2
    HDFC Bank has reported a growth in advances by 15.4% in quarter 2. As a result, the advances have grown to ₹ 11.98 lakh crore as of September 30, 2021, from ₹ 10.38 lakh crore a year ago.
  • 2021-10-04 : Yes Bank Posts Growth in Loans and Deposits
    Yes Bank has posted growth of 3.6% (year-on-year) in advances at Rs 1,72,945 crore for the quarter ended September 2021 (Q2FY22). Its advances stood at Rs 1,66,923 crore at end of September 2020 (Q2FY21).
*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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