Business Loan Customer Reviews

Average Business Loan Customer Rating 4.4/5 by 37 customers
  • MyLoanCare Service
    4.5/5.0
  • Banks Service
    4.3/5.0
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Business Loan Reviews

PRASHANT GUPTA , Delhi Reviewed on 21st Mar 2020
5 / 5 stars

Indifi Business Loan Availed in Mar 2020

Good for taking loan for a new customer.
Read more...

Nilesh Agarwal , Pune Reviewed on 03rd Feb 2020
5 / 5 stars

HDFC Bank Business Loan Availed in Jan 2020

It was a hassle-free process and there were good f Read more...

Shivam Kabra , Bangalore Reviewed on 24th Jan 2020
5 / 5 stars

Bajaj Finserv Business Loan Availed in Jan 2020

Very good team. I got the loan disbursed quickly w Read more...

surendra kumar agraw , Others Reviewed on 28th Dec 2019
4 / 5 stars

Lendingkart Business Loan Availed in Jan 2019

Experience is good. Overall satisfied. A good comp Read more...

Ankit patel , Mehsana Reviewed on 25th Jun 2019
5 / 5 stars

HDFC Bank Business Loan Availed in Jun 2019

Thanks. Good service as I expected. I am very happ Read more...

Mohit Jain , Neemuch Reviewed on 16th Jun 2019
5 / 5 stars

Lendingkart Business Loan Availed in Jun 2019

MyLoanCare executives helped me a lot during the w Read more...

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...

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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.
  • Attractive Cashback
    MyLoanCare offers complimentary cashback of up to Rs. 2,500* to its customers after loan disbursement.
Apply Business Loan

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 - Mar 2020
  • 2020-03-30 : All bank branches to be operational from Monday news
    The government instructed all the Indian banks to keep all banking channels to be opened and ensure banking branches and business correspondents function throughout the lockdown period. The government is aiming to provide a speedy and smooth offer of retail loans like home and personal loans along with business loans amid the lockdown.
  • 2020-03-27 : RBI cuts repo rate by 75 bps to 4.40% news
    Reserve Bank of India reduced the repo rate by 75 bps to 4.40% and lowered the reverse repo rate by 90 bps to 4%. RBI is aiming to mitigate the economic disruption caused by Covid-19 and subsequent nationwide lockdown. Revised rates will impact the retail loans like home and personal loan along with the business loan.
  • 2020-03-27 : RBI allowed three months moratorium on term loans news
    Reserve bank of India permitted banks and other financial institutions a moratorium of three months on payment of term loans. Further, the credit report of the customers will not be impacted. It was done to provide respite to the banks and customers amid the pandemic and subsequent nationwide lockdown.
  • 2020-03-27 : FM ensured the bank amalgamation is on track news
    Finance Minister stated that the merger of ten PSBs in four anchor banks is on track and will not be impacted due to the onslaught of Covid 19. It will take effect from 1 April 2020. The merger will create large PSBs with scale and nationwide reach; it would help develop banks with a level comparable to global banks. It will further help in the speedy and efficient offer of retail loans like home, personal, and car loans along with business loans.
  • 2020-03-27 : RBI to infuse Rs. 3.7 trillion to boost liquidity news
    RBI announced that it would inject Rs. 3.7 trillion to boot liquidity in the financial system to stave off the economic disruption caused by the Covid 19. Further, the central bank also reduced the cash reserve ratio requirement for all the banks by 100 bps to 3%. It will impact retail loans like home, personal, and car loans along with business loans.
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