Business Loan Bhubaneswar

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Loan Amount Up to 5 Crore
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Best Banks for Business Loan in Bhubaneswar

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 Bhubaneswar Features

There are a large number of small and large scale industries which require financial aid for a successful business plan. The ultimate business guide can be provided with business loan bhubaneswarthe help of a Business Loan Bhubaneswar, which can be applied by writing a simple formal application without giving any lengthy details. We present the idea of unsecured debts for getting financed with convenient processing of documents without any collateral.

We provide Business Loan Bhubaneswar with the least documents to help you enjoy a good status in the industry you work for! Dialabank, the best financial helpline of India, lend a helping hand by providing money and is an NBFC for acquiring unsecured debts and getting financed with convenient processing of documents.

Business Loan in Bhubaneswar 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 Bhubaneswar Documents Required

Salaried Applicants:

  • PAN Card Copy
  • Identity Verification Proof 
  • Two Passport-sized photos
  • Proof of Residence (Rental/ Owned) 
  • Slips of pay for the last three months
  • Bank statements for the previous six months

Self-Employed Applicants:

  • PAN Card Copy
  • Aadhar Card Copy
  • Two passport-sized photos
  • Residence Verification Proof (Aadhar Card/ Driving License)
  • Financial documents (Balance Sheet, Profit and Loss Statement and Income Tax Return records).

Business Loan in Bhubaneswar Eligibility Criteria

Salaried Applicants:

  • Excellent credit history of the candidate is required while applying for the loan.
  • The work position of the candidate should be stated while applying for the loan.
  • The minimum income of INR 25,000 per month of the applicant is required to apply.
  • The minimum age of twenty-one years and a maximum of sixty years to avail the loan.
  • The least job experience of three years and pay to be held in the candidate account.

Self-Employed Applicants:

  • The CIBIL/ credit score should be clear with no debt or dues pending are eligible people.
  • The yearly earnings of the candidate should be at least Rs 2.5 lakh are eligible people.
  • The company should be in operation from the past three years in continuous terms are eligible people.
  • The minimum age of the candidate should be 25 years when applying for the loan in your city.
  • A record of Income Tax Records for the last three years is needed when applying for the loan.
  • The complete documentation process requires bank statements for the past three months are eligible people.

How to Apply for Business Loan Bhubaneswar?

  1. Visit the website of Dialabank.
  2. Go to the loan section and click on Business Loan.
  3. Fill in details appearing on the form as per your own place respectively.

For further information and free guidance, contact us on 9878981166.

Processing Fees / Prepayment Charges on Business Loan in Bhubaneswar

All Banks and NBFCs charge a processing fee for your Business loan Bhubaneswar application.

If you end your loan before the decided loan period, the lending organization charges a penalty payment fee for the same. Mostly, it is not allowed to close your loan before one year from the date of obtaining. The charges differ as per the time period your credit has been terminated before.

The prepayment charges on Business Loan in Bhubaneswar are as 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 Bhubaneswar

Business Loan Bhubaneswar Contact Number

Contact 9878981166 for immediate help and approval of your Business Loan Bhubaneswar or any other city.

Pre Calculated EMI Table for Business Loan Bhubaneswar

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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