Best Banks for Business Loan in Balotra
1% - 2.5% of the Loan Amt
Business Loan in Balotra Features
Business Loan Balotra gives an Overdraft facility without any security. - Avail of a loan up to Rs. Forty lakhs (up to Rs. 50 lakhs in some selected areas) without any security.
- Tenure ranging from 12-48 months.
- Attractive Rate of Interest @10.45% p.a.
- No Foreclosure/part Closure shall be permitted during the first six months of the limit setting.
- Review your Business Growth Loan eligibility online or at any office in just 60 seconds.
- Loans will be paid based on the previous payment of home loans, auto loans, and credit cards.
Business Loan in Balotra Interest Rates
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Business Loan in Balotra Documents Required
Salaried Customers:
- PAN Card of the person availing the Business loan.
- Residence Proof required (Owned/Rented/Company provided) for loans.
- Passport-sized photos–2.
- Identity proof needed by the Business loan Balotra(Aadhar card/driving license/Voter Id)
- Payslips of the last three months of the candidate is also required.
- Bank statements for the previous 6 months of the person who is asking for a loan.
*NOTE: In case of rented houses, rent agreement needs to be attached.
Self-Employed Customers:
- Aadhar Card
- Residence verification( Current and Permanent) is needed for applying.
- Two passport-sized photos of the person applying for a loan.
- All financial documents are needed of the customer(Balance Sheet, P&L Statement as well as ITR files).
- PAN Card is compulsory for applying.
Business Loan in Balotra Eligibility Criteria
Salaried Applicants
- The job position of the applicant should also be mentioned.
- A borrower should also have the least income of INR 25,000 per month.
- The least age of the person should be 21 years and a maximum of 60 years.
- Work experience of the three years and the payroll should also be received in their accounts only.
- Candidates must have an excellent credit history.
Self-Employed Applicants
- The credit score of the individual candidates should be fair, and there should not be any debt or dues left of the individual.
- The annual income of the applicants should be a least of Rs 2.5 lakh.
- The whole documentation method of the Business loan is that the applicants have to present their financial and bank statements of the previous three months.
- The least age for an independent person should be 25 years.
- The applicants asking for the Business loan should need to have a file of ITR for the last three years.
- The company should be running from the prior three years continuously.
How to Apply for Business Loan in Balotra?
- Visit our website Dialabank
- Go to the loan part on the page and click on the Business loan section.
- The applicant will address you all the details of the Business loan where they can choose their favored city, according to their needs.
- For more information on Business loans and free administration, you may call on 9878981166.
Processing Fees / Prepayment Charges on Business Loan in Balotra
Every Bank and NBFC charges a fee for processing your loan request. Processing Fees charged by the Bank or NBFCs on Business Loan Balotra is up to 2.50% of the loan amount.
If you close your loan before the accepted loan tenure in the documents, every lending company charges you a penal prepayment fee for the loan period agreed beforehand. In most cases, you cannot settle your loan before 12 months from the date of availing the loan. Post that the charges also vary depending on how many years the credit has done. The Prepayment charges are mentioned below:
- 07-24 Months – 4% of Principal Outstanding
- 25-36 Months – 3% of Principal Outstanding
- >36 Months – 2% of Principal Outstanding
Business Loan EMI Calculator Balotra
Business Loan Balotra Contact Number
Call 9878981166 and get instant help and approval for availing Business Loan Balotra.
Pre Calculated EMI Table for Business Loan Balotra
FAQs About Business Loan Balotra
✅ What are the minimum and maximum loan amounts I can get as a business loan Balotra?
The minimum loan amount offered in a business loan Balotra is Rs. 5,000 and the maximum loan amount can extend up to Rs. 2 crores, depending on the requirements and eligibility.
✅ What is the age limit of availing a business loan Balotra?
The age limit is usually 21-65 years for availing of a business loan Balotra.
✅ What is the tenure period for business loan Balotra repayment?
You can repay the Balotra loan amount in a minimum of 12 months and a maximum of up to 5 years, depending on the respective bank or NBFC. Some institutes in Balotra may even extend the tenure period.
