Business Loan vs Home Loan


Business loans Versus home loan, gold loan, credit card debt, car loan, Personal loan, Loan against shares, term loan, loan against property.

In this section you can compare business loan with other type of loan. Comparisons are as follows: -

business loan vs home loan

Business loan
Home loan
  • Its can be both secured or unsecured loan
  • It’s a secured loan
  • This loan can be provided without any security
  • This loan is provided by mortgaging of the property

  • Higher interest rates ranging from 12.5% to 18.5%
  • One of the cheapest interest rates ranging from 12% to 15%.
  • Higher EMIs
  • Lower EMIs
  • Maximum of loan tenure upto 5 years
  • Maximum of loan tenure upto 20 years

business loan vs gold loan

Business loan
Gold loan
  • Its can be both secured or unsecured loan
  • It’s a secured loan
  • This loan can be provided without any security
  • This loan is provided against gold as security

  • more documentation
  • less documentation
  • Credit score required
  • no credit score required
  • Time of approval process may be few days
  • Time of approval process is within hours
  • Higher interest rates ranging from 12.5% to 18.5%
  • One of the cheapest interest rates ranging from 12% to 18%.
  • repayment tenure is from 1 year to 5 years
  • repayment tenure is from 3 months to 12 months


business loan vs credit card debt

Business loan
Credit card debt
  • Comparatively lower interest rates
  • Comparatively higher interest rates
  • repayment tenure is from 1 year to 5 years
  • Indefinite tenure depending on the outstanding amount
  • Documentation required to take the loan
  • to take this debt all you need is a credit card
  • Comparatively higher loan amount
  • Comparatively lower loan amount
  • Its can be both secured or unsecured loan
  • It’s an unsecured loan



business loan vs car loan

Business loan
Car loan
  • Its can be both secured or unsecured loan
  • It’s a secured loan
  • Comparatively lower interest rates
  • Comparatively higher interest rates
  • money can be used only for business purpose
  • money can only be used to buy a car
  • 60% to 70% of loan amount required is provided
  • 60% to 90% of the amount needed to buy a car is provided

business loan vs  personal loan

Business loan
Personal loan
  • It’s a secured loan
  • Its an unsecured loan
  • Comparatively lower interest rates
  • Comparatively higher interest rates
  • money can only be used for business purposes
  • money can be used for any purpose
  • comparatively higher loan amount
  • Lower loan amount
  • Lower EMIs
  • Higher EMIs


business loan vs Loan against shares


Business loan
Loan against shares
  • Its can be both secured or unsecured loan
  • It’s a secured loan
  • This loan can be provided without any security
  • This loan is provided against shares as security

  • more documentation
  • less documentation
  • Credit score required
  • no credit score required
  • Time of approval process may be few days
  • Time of approval process is within hours
  • Higher interest rates ranging from 12.5% to 18.5%
  • One of the cheapest interest rates ranging from 12% to 18%.
  • repayment tenure is from 1 year to 5 years
  • no fixed repayment time



business loan vs term loan

Business loan
Term loan
  • Its a loan for any business
  • It’s a loan only for limited companies
  • This loan is provided with or without any security depending on the company
  • a third party guarantee or personal guarantee of managing director is needed

  • upto 70 % amount provided
  • up to 75% of amount required provided
  • personal credit score required
  • company's market value required
  • repayment tenure is from 1 year to 5 years
  • repayment tenure is from 1 year to 10 years


business loan vs loan against property
                  
Business loan
Loan against property
  • Its can be both secured or unsecured loan
  • It’s a secured loan
  • This loan can be provided without any security
  • This loan is provided by mortgaging
            the property

  • Higher interest rates ranging from 12.5% to 18.5%
  • One of the cheapest interest rates ranging from 12% to 21%.
  • Higher EMIs
  • Lower EMIs
  • Loan eligibility determined by person's income
  • Loan eligibility determined by value of property
  • Maximum of loan tenure upto 5 years
  • Maximum of loan tenure upto 15 years

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