Business Loan Chhindwara

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Loans Up to 1 Crore
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Unbiased Experts Advice

Best Banks for Business Loan in Chhindwara

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 Chhindwara Features

Business Loan Chhindwara

The wealth which is given by the banks to the professional businessmen for establishing their business is identified as a Business Loan Chhindwara.

Business Loan Chhindwara is the most suitable solution to obtain relief from all of the business difficulties at once without much hassle. They provide financial support through the loan to improve the business with the least documents requirement and to help you enjoy a good status in the industry you work with Dialabank.

There are two categories of these loans. One is a secured loan and the later is an unsecured loan. Secured Loans need security in form of property or a newly bought asset, whereas unsecured loans do not require any such security.

Business Loan in Chhindwara 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 Chhindwara 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 Proof for verification (Aadhar Card/ Driving License)
  • Financial documents for verification (Balance Sheet, Profit and Loss Statement and Income Tax Return records).

Business Loan in Chhindwara 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 candidate is eligible 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 candidates.
  • The yearly earnings of the candidate should be at least Rs 2.5 lakh are eligible candidates.
  • The company should be in operation from the past three years in continuous terms are eligible candidates.
  • 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 qualified candidates.

How to Apply for Business Loan Chhindwara?

  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 supervision, contact us on 9878981166.

Processing Fees / Prepayment Charges on Business Loan Chhindwara

All Banks and NBFCs charge you with a processing fee for your Business loan Chhindwara application.

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

The prepayment charges on Business Loan in Chhindwara city are as mentioned below for you:

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

Business Loan EMI Calculator Chhindwara

Business Loan Chhindwara Contact Number

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

Pre Calculated EMI Table for Business Loan Chhindwara

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

Other Business Loan Cities In Madhya Pradesh

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