Best Banks for Business Loan in Berhampur
1% - 2.5% of the Loan Amt
1% - 2.5% of the Loan Amt
Business Loan Berhampur Features
- The business loan Berhampur requires no security for the overdraft.
- The loan amount that can be availed without collateral is 40lakhs(50 lakhs in some particular cases).
- The duration of loans can vary from a year to three years.
- 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 Berhampur Interest Rates
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Ratesi.e. 10.45%
Business Loan Berhampur Documents Required
- PAN Card of an applicant is required.
- Proof of residence of an applicant (Owned/Rented/Company provided) for loans.
- Two Passport-sized photos.
- Identity proof needed by the Business loan (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.
- Aadhar Card of an applicant
- Address proof( 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 Berhampur Eligibility Criteria
- The job position of the applicant should also be mentioned.
- An applicant should at least earn 25000 a month.
- The minimum age of an applicant 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.
- The candidate should have a good credit score and should not have any debt left.
- 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 minimum age of an applicant 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 Berhampur?
- 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 Berhampur
The fee charged by every bank in order to avail of a client loan is the processing fee. The processing fee for a business loan is up to 2.50% of the loan amount.
It is possible to end the loan tenure before the fixed time but then the banks charge a pre-payment penalty fee from the customer. 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 Berhampur
Business Loan Berhampur Agents/Broker
Dialabank is the best agent for availing Business Loan.
Business Loan Berhampur Contact Number
Call 9878981166 and get instant help and approval for availing Business Loan Pune.
Pre Calculated EMI Table for Business Loan Berhampur
Major localities in Ahmednagar for availing Business Loan
|Business Loan Nagpur||Business Loan Latur|
|Business Loan Nashik||Business Loan Kolhapur|
|Business Loan Nanded||Business Loan Jalna|
|Business Loan Pune||Business Loan Jalgaon|
FAQs About Business Loan Berhampur
✅ What are the minimum and maximum loan amounts I can get as a business loan Berhampur?
The minimum loan amount offered in a business loan Berhampur 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 Berhampur?
The age limit is usually 21-65 years for availing of a business loan Berhampur.
✅ What is the tenure period for business loan Berhampur repayment?
You can repay the Berhampur 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 Berhampur may even extend the tenure period.
Table of Contents
- 1 Best Banks for Business Loan in Berhampur
- 2 Business Loan Berhampur Features
- 3 Business Loan Berhampur Interest Rates
- 4 Business Loan Berhampur Documents Required
- 5 Business Loan Berhampur Eligibility Criteria
- 6 How to Apply for Business Loan in Berhampur?
- 7 Processing Fees / Prepayment Charges on Business Loan Berhampur
- 8 Business Loan EMI Calculator Berhampur
- 9 Business Loan Berhampur Agents/Broker
- 10 Business Loan Berhampur Contact Number
- 11 Pre Calculated EMI Table for Business Loan Berhampur
- 12 FAQs About Business Loan Berhampur