Business Loan Abohar

Best Banks for Business Loan in Abohar

Business Loan in Abohar Features

• An Overdraft facility without any protection is offered by Business Loan Abohar.
• Avail of a loan of up to Rs. Forty lakhs (in some selected places, up to Rs. 50 lakhs) without any protection.
• Tenure for a period of 12-48 months.
• Attractive Interest Rate @10.45% p.a.
• For the first six months of the limit setting period, no foreclosure/part closing is allowed.
• In just 60 seconds, check your Company Development Loan eligibility online or at any office.
• Loans can be charged on the basis of past home loan instalments, car loans, and credit cards.

Business Loan in Abohar Interest Rates

Business Loan in Abohar Documents Required

Salaried Customers:

• PAN Card of the individual making use of the loan from the firm.
• Residence Evidence required for loans (Owned / Rented / Company provided).
• Passport-sized pictures-2.
• Identity evidence provided by the Abohar Business Loan (Aadhar Card / Driving License / Voter I d)
• The applicant’s payslips for the last three months are also required.
• Bank accounts of the person applying for a loan for the previous 6 months.

NOTE: Leasing contracts need to be inserted in the case of leased properties.

Self-Employed Customers:

• Card Aadhar
• In order to apply, residence verification (current and permanent) is required.
• Two passport-sized pictures of the person asking for a loan.
• The client wants all financial records (Balance Sheet, P&L Analysis, as well as ITR files).
• It is mandatory to apply for a PAN Passport.

Business Loan in Abohar Eligibility Criteria

Salaried Applicants

• It should also note the applicant’s work position.
• The lowest salary of INR 25,000 a month may also be for a creditor.
• The minimum age for a person should be 21 years and the highest age should be 60.
• The three-year work experience and payroll can also be gained only in their accounts.
• Candidates would have an outstanding history of credit.

Self-Employed Applicants

• It should be equal to the credit score of the shortlisted candidates and no debt or dues should be left with the person.
• The applicants’ annual revenue should be a minimum of Rs 2.5 lakh.
• The full documentation of the business loan system is that the borrowers are expected to apply their financial and bank accounts for the intervening three months.
• For an adult citizen, the minimum age should be 25 years.
• Applicants seeking a business loan may have been allowed to have an ITR file for the last three years.
• The business could continue to operate from the previous three years onwards.

How to Apply for Business Loan in Abohar?

1. Meet Dialabank on our homepage
2. On the tab, go to the loan segment and click on the Business Loan tab.
3. The borrower can supply you with all the specifics of the business loan where, according to their preferences, they will select their preferred city.
4. You should dial 9878981166 for more information on Company Loans and Free Management.

Processing Fees / Prepayment Charges on Business Loan in Abohar

For the processing of your loan applications, every bank and NBFC charges a fee. The payment fees paid on Business Loan Abohar by the bank or NBFCs are up to 2.50 percent of the amount of the loan.

Every financing firm charges you a penal prepayment fee for the loan term negotiated in advance if you close the loan prior to the approved loan duration in the agreements. In most cases, the debt will not be repaid within 12 months of the date on which the debt is used. The costs may vary based on how many years the loan has been taken out. Below are the Prepayment Charges:

• 07-24 Months – 4% of Principal Outstanding
• >36 Months – 2% of Principal Outstanding
• 25-36 Months – 3% of Principal Outstanding

Business Loan EMI Calculator Abohar

Business Loan Abohar Contact Number

Call 9878981166 and get immediate assistance and permission to use the Company Loan Abohar.

Pre Calculated EMI Table for Business Loan Abohar