Business Loan Bathinda

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No Collateral Required
Loans Up to 1 Crore
Hassle-free Disbursal
Doorstep Service
Unbiased Experts Advice

Best Banks for Business Loan in Bathinda

Feature
HDFC Bank
ICICI Bank
Bajaj Finance
Interest Rate
10.75% - 17%
11.25% - 18.5%
12%
Min Loan Amt
Metro : 75000 & Non Metro: 50000
50000
100000
Max Loan Amt
50 Lacs
50 Lacs
1 Cr
Loan Tenure
1 - 5 Years
1 - 5 Years
1 - 5 Years
Processing Fee
0.25% - 2% of the Loan Amt

1% - 2.5% of the Loan Amt

0.5% - 2% of the Loan Amt
Preclosure Charges
2%, Nil foreclosure charges after 12 months
2%, Nil foreclosure charges after 24 months
Nil
Overdraft Facility
No
No
Yes

Business Loan in Bathinda Features

Business Loan Bathinda

In the era of booming entrepreneurship, everyone is aspiring to establish their own business. But finances often become a hurdle on the road of accomplishment. Dialabank brings you the Business Loan that supports your idea of setting up a business.

  • Business Loan Bathinda provides the borrower with an overdraft facility that liberates the customer to invest as much as is required.
  • Easily avail of a business loan of up to Rs 40 lakhs (up to Rs 50 lakhs in some selected areas) without any security.
  • Flexible tenure ranging from 12-48 months.
  • Savvy Interest Rates @10.45% p.a.
  • Pre-closing and post-tenure repayments are not permitted by any financial institution.
  • Such loans are easy to avail of just a click and you are few steps away from your financial help.
  • The Loan Amount is dependent on the history of payments whether credit or debit.

Business Loan in Bathinda Interest Rates

Bank
Processing Fee
Prepayment Charges
HDFC Bank Personal Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 3 months
Axis Bank Personal Loan
0.50% to 1.50%
Nil
ICICI Bank Personal Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 9 months
SBI Personal Loan
500/- to 0.50%
Nil
Kotak Personal Loan
1% to 2%
2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Personal Loan
Nil
Nil
Muthoot Personal Loan
Nil
Nil
Manappauram Personal Loan
Nil
Nil
PNB Personal Loan
0.70% to 1%
Nil
Canara Bank Personal Loan
1%
Nil
Andhra Bank Personal Loan
Nil
Nil

To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates

Business Loan in Bathinda Documents Required

Essential Documents required for Business Loan Bathinda are:

Salaried Customers:

  • Residential Proof: can be Owned/Rented/Company provided for loans.
  • PAN Card: belonging to the applicant.
  • Passport-sized: photos–2 of the applicant.
  • Proof of Identity: (Aadhar card/driving license/Voter Id)
  • Payslips: for the last three months of the candidate is also required.
  • Bank statements: for the past 6 months of the applicant.

*NOTE: In case of rented houses, rent agreement needs to be attached.

Self-Employed Customers:

  • Identity proof: Adhar Card of the applicant.
  • Residence verification: (Current and Permanent) is needed for applying.
  • Photographs: 2 passport sized photographs of the applicant.
  •  Financial documents: belonging to the applicant (Balance Sheet, P&L Statement as well as ITR files).
  • PAN Card: It is mandatory for applying.

Business Loan in Bathinda Eligibility Criteria

The necessary criteria for availing Business Loan Bathinda:

Salaried Applicants

  • The designation of the applicant in operating employment should be specified in the given documents.
  • A min work experience of three years is required with proof of the regular payrolls in a personal bank account.
  • A borrower should also have the least income of INR 25,000 per month.
  • Candidates must have an excellent credit history.
  • The least age of the person should be either 21 years or a maximum of 60 years.

Self-Employed Applicants

  • The credit score of the candidate should be acceptable and no dues pending from past loans.
  • The income of the applicant on yearly basis should be a minimum of Rs 2.5 lakh.
  • The applicant must possess the papers relating to financial statements.
  • The minimum age of the applicant should be no less than 25 years.
  • The company should be running from the prior three years continuously.
  • The applicants asking for the Business loan should need to have a file of ITR for the last three years.

How to Apply for Business Loan in Bathinda?

  1. Visit our website Dialabank
  2. Navigate to the loan part on the page and click on the Business loan section.
  3. The applicant will address you all the details of the Business loan where they can choose their favored city, according to their needs.
  4. For more information on Business loans and free administration, you may call on 9878981166.

Processing Fees / Prepayment Charges on Business Loan in Bathinda

Every Bank and NBFC charges a fee for processing your loan request. Processing Fees charged by the Bank or NBFCs on Business Loan Bathinda 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 Bathinda

Business Loan Bathinda Contact Number

Call 9878981166 and get instant help and approval for availing Business Loan Bathinda on our website Dialabank.

Pre Calculated EMI Table for Business Loan Bathinda

Rate
5 Yrs
4 Yrs
3 Yrs
10.50%
2149
2560
3250
11.00%
2174
2584
3273
11.50%
2199
2608
3297
12.00%
2224
2633
3321
12.50%
2249
2658
3345
13.00%
2275
2682
3369
13.50%
2300
2707
3393
14.00%
2326
2732
3417
14.50%
2352
2757
3442
15.00%
2378
2783
3466

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