Business Loan Customer Reviews

Average Business Loan Customer Rating 4.3/5 by 31 customers
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    4.4/5.0
  • Banks Service
    4.2/5.0
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Business Loan Reviews

BAJARANG LAL , Delhi Reviewed on 14th Jun 2019
4.5 / 5 stars

HDFC Bank Business Loan Availed in Jun 2019

It is a good and smooth mechanism established by M Read more...

ramu m , Dharmapuri Reviewed on 11th Jun 2019
5 / 5 stars

Lendingkart Business Loan Availed in Jun 2019

I took loan for the first time. Really I could jus Read more...

RAMADASS NALLASAMY S , Erode Reviewed on 28th May 2019
5 / 5 stars

Lendingkart Business Loan Availed in May 2019

Overall good service, also good response from your Read more...

Nikita Agarwal , Bangalore Reviewed on 22nd May 2019
3.5 / 5 stars

Bajaj Finserv Business Loan Availed in May 2019

Superb from your end. Geetika is very helpful. But Read more...

Savita Ganesh Singh , Pune Reviewed on 08th May 2019
5 / 5 stars

Lendingkart Business Loan Availed in May 2019

Service received from MyLoanCare was very good, th Read more...

Kishor Dholakia , Mumbai Reviewed on 03rd May 2019
4 / 5 stars

HDFC Bank Business Loan Availed in Apr 2019

Prompt service, less documentation and fastest dis Read more...

Sumit Rajendra , Pune Reviewed on 03rd May 2019
5 / 5 stars

Bajaj Finserv Business Loan Availed in Apr 2019

Good service from MyLoanCare and your customer rep Read more...

Kashif Zafar , Kanpur Reviewed on 25th Apr 2019
4.5 / 5 stars

Lendingkart Business Loan Availed in Apr 2019

It was something remarkable. I applied for Busines Read more...

Chidrawar Rohit , Hyderabad Reviewed on 23rd Apr 2019
5 / 5 stars

Lendingkart Business Loan Availed in Apr 2019

Overall experience is good but they took 13 days t Read more...

Praveen Bairaveni , Hyderabad Reviewed on 19th Apr 2019
5 / 5 stars

Lendingkart Business Loan Availed in Apr 2019

Excellent service hassle-free loan process for the Read more...

Sri fuels , Coimbatore Reviewed on 02nd Apr 2019
4 / 5 stars

Lendingkart Business Loan Availed in Mar 2019

MyLoanCare has been very helpful and coordinating Read more...

Dr mandeep singh shekha , Jaipur Reviewed on 02nd Mar 2019
5 / 5 stars

Yes Bank Business Loan Availed in Mar 2019

Excellent job and quick response both sides thanks Read more...

RAJAT MAHESHWARI , Reviewed on 24th Oct 2018
5 / 5 stars

HDFC Bank Business Loan Availed in Aug 2018

VERY GOOD SERVICES AND SUPPORT STAFF OF MYLOANCARE Read more...

Arjun Rathore , Indore Reviewed on 01st Sep 2018
5 / 5 stars

Tata Capital Business Loan Availed in Aug 2018

Piyush and Mafi really worked well to get this wor Read more...

Aditya Pandey , Indore Reviewed on 30th Jul 2018
5 / 5 stars

HDFC Bank Business Loan Availed in Jul 2018

Conversing and sharing the details with Mr Ankur i Read more...

Shrikanth , Hyderabad Reviewed on 30th Jul 2018
5 / 5 stars

Lendingkart Business Loan Availed in Jul 2018

Good and fast process. Thanks for MyLoanCare. Help Read more...

Rahul Mishra , Reviewed on 13th Jun 2018
5 / 5 stars

Lendingkart Business Loan Availed in Apr 2018

very good services received from my loan care, AND Read more...

hibond petroleum , Rajkot Reviewed on 16th Mar 2018
5 / 5 stars

HDFC Bank Business Loan Availed in Mar 2018

Experience with Mafi Devi is very good and I am 10 Read more...

Nishtha Sachdev , Pune Reviewed on 29th Oct 2017
3 / 5 stars

Jammu And Kashmir Bank Business Loan Availed in Oct-18

I availed a business loan from J&K Bank as i also Read more...

Anand Venkatesulu , Bangalore Reviewed on 26th Sep 2017
4 / 5 stars

Lendingkart Business Loan Availed in Sep-17

It was good Service Provided by My Loan Care but I Read more...

Shruti Sharma , Chandigarh Reviewed on 11th Jun 2017
4 / 5 stars

Ujjivan Business Loan Availed in Oct-18

I have a woking current account with Ujjivan and i Read more...

Farhin Ahmed , Dibrugarh Reviewed on 24th Mar 2017
5 / 5 stars

Bank of Baroda Business Loan Availed in Mar-17

Thanks a lot for the helping hand which is provide Read more...

Rajesh Chauhan , Bhiwadi Reviewed on 19th Mar 2017
3 / 5 stars

Bajaj Finserv Business Loan Availed in

Got loan with best rates and processing fee. Pre s Read more...

Harinder Singh , Chandigarh Reviewed on 11th Feb 2017
4 / 5 stars

Karur Vysya Bank Business Loan Availed in

Loan was processed on time and transparency mainta Read more...

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MyLoanCare Assurance

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Customer Ratings - 4.3/5.0

  • Bank Neutral Advise
    MyLoanCare works with 24+ partner banks and uses technology to filter out the best loan offers.
  • No Unsolicited Calls
    MyLoanCare will call only after you authorize us to contact you.
  • Free Service and Quality Response
    You will be assisted by a dedicated loan advisor throughout the loan process.
  • Digital + Doorstep Service
    MyLoanCare assures hassle free loan process with an option to upload documents digitally or manually at your doorstep.
  • Delivery in 1100+ Cities
    MyLoanCare through its partner banks has a pan India reach and has delivered loans in over 1100 cities in India.
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    MyLoanCare offers complimentary cashback of up to Rs. 2,500* to its customers after loan disbursement.
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Illustration on Business Loan

Maximum Annual Percentage Rate (APR)13.50% to 22%
Representative example of the total cost of the loan, including all applicable fees
Here is an illustration of the total cost of the loan:
  • Total amount borrowed: Rs. 1 Lakh
  • Time period: 12 months to 60 months
  • business Loan Interest Rate: 13.50% to 22%
  • Processing Fee payable : Upto Rs. 2,000
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From Rs. 2,301 for a months Rs. 1 Lakh loan at 13.50% (lowest rate, longest time period) to Rs. 9,359 for a 12 months Rs. 1 Lakh loan at 22% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 13.50% to 22%
  • Total cost payable over loan tenure: Rs. 14,313 for 12 months loan to Rs. 40,059 for 60 months loan
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Business Loan News - Jun 2019
  • 2019-06-14 : Edelweiss ties up with Bank of Baroda for MSME loans news
    ECL Finance, a unit of Edelweiss Financial Services had signed an agreement with Bank of Baroda (BoB) to co-lend to small businesses. Under the arrangement, both the entities will jointly offer loans at discounted rates as well as expertise to micro, small and medium enterprises (MSMEs) besides self-employed as well as priority sector groups to help them grow.
  • 2019-06-14 : Fullerton India Home Finance Company opens a new branch in Vijayawada news
    NBFC Fullerton India Home Finance Company Limited which operates under the brand Grihashakti has launched its new branch in Vijayawada at Bhaskar Plaza, 4th Floor, Gopala Reddy Road, Governorpeta. With the opening of this new branch, the total number of bank branches has reached 82 in Andhra Pradesh. The bank branch will offer facilities like savings account deposits, loans, including personal loans, and business loans.
  • 2019-06-10 : Corporation Bank plans to raise Rs. 4,000 crore capital in two years news
    Public sector lender, Corporation Bank is planning to raise capital of up to Rs. 4,000 crore over two years to augment its retail loan growth. The lender is planning to look at combinations of equity, tier I capital based on market conditions. The bank has said that it will use the raised funds to expand its loan book that includes home loans and business loans.
  • 2019-06-07 : Repo rate cut by RBI to make loans affordable to MSMEs news
    The repo rate cut by the RBI will help boost economy of India by making loans affordable to MSMEs, exporters and home buyers. The rates have been reduced from 6% to 5.75% respectively. Besides this, RBI has also announced to remove charges from NEFT and RTGS transactions to promote digital India initiative.
  • 2019-06-06 : ICICI Bank announces the launch of dedicated MSME center in Bengaluru to avail business loans news
    In a bid to offer hassle-free business solutions to MSMEs and start-ups, private sector lender, ICICI Bank has launched a centre in Bengaluru. The center would provide a host of services including working capital loans of up to Rs. 20 crores, business loans of up to Rs. 1 crore, instant overdraft facility of up to Rs. 15 lakh and cash management services, among others.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. MyLoanCare is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not undertake any liability with respect to the correctness of the content, information and calculations. Information is subject to change without notice. By submitting your query or using any tools or calculators, you authorize MyLoanCare to share your information with lender(s), consent for such lender(s) to access your credit information report and contact you regarding your query overriding your number being in National Do Not Call Registry. This is a free service and no charges are payable by the borrower to MyLoanCare. The Company may receive remuneration from lenders for services provided to them.
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