Business Loan Customer Reviews

Average Business Loan Customer Rating 4.3/5 by 34 customers
  • MyLoanCare Service
    4.4/5.0
  • Banks Service
    4.2/5.0
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Business Loan Reviews

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...

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...

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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 - Jan 2020
  • 2020-01-21 : Bank of Maharashtra reports Q3 profit of 135 crores news
    State-run Bank Of Maharashtra reported a Q3 profit of 135 crores in the quarter ending December. Net interest income increased to 36% to 1186 crore and fixed and recurring deposits increased by 4.4% to Rs 1,41,986 crore. According to RBI, Bank restructured 3445 MSME account which constitutes business loans worth Rs 24747 lakh in the 2nd quarter of the current FY.
  • 2019-12-17 : Retail loans expected to double in next 5 years to 96 trillion.
    As per an ICICI Bank-CRISIL report, the retail loan of financiers is expected to reach 96 trillion by March 2020 as compared to Rs 48 trillion in March 2019. This growth will be due to increased private consumption, consumer willingness to take the loan, growth in low-cost housing, and MSME loans.
  • 2019-12-17 : Realme announced Realme Paysa for quick digital loans
    Realme made its foray into digital payment by Realme Paysa App. It will offer personal loans, business loans, screen insurance, and free credit report. Paysa will provide small personal loans ranging from as low as Rs 8,000 and going all the way up to Rs 1 lakh. Business owners can get loans ranging from as little as Rs 50,000 and go all the way up to Rs 5 lakhs.
  • 2019-12-04 : Syndicate Bank plans to provide loan restructure facility to MSMEs
    In a bid to make business loans more affordable for MSMEs, Syndicate Bank is set to offer loan restructuring facility to Micro, Small and Medium Enterprises (MSMEs). The facility will allow MSMEs to plan the repayment structure of the loan according to their convenience. Further, the offer will make MSME loans an attractive offer for buyers and will also help the bank strengthen its business loan portfolio.
  • 2019-12-02 : RBI expected to cut rates this month
    Due to the slowdown in the country’s economy, the Reserve Bank of India is expected to cut down rates this month. The central bank is expected to cut around 25 basis points and will announce the new rates by December 5, 2019. This will further benefit retail loan borrowers due to the impact of the rate cut on the repo linked lending rates, thus cheaper home, personal, and business loans.
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