Business Loan Gulbarga

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Best Banks for Business Loan in Gulbarga

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 Gulbarga FeaturesBusiness Loan Gulbarga

  •  Business Loan Gulbarga provides an overdraft facility without any security
  • Get maximum loan amount up to Rs. 40 lakhs ( up to Rs. 50 lakhs in some locations) without any security
  • Affordable Rate of Interest starts at 10.45% per annum
  • Loan Tenure ranging from 12 – 48 months
  • No foreclosure/ part closure will be agreed during the first 6 months of the limit setting
  • No guarantor is required
  • Check out your Business Loan eligibility online or at any bank branch within 60 seconds.
  • Loan disbursal depends on the previous refund of home loans, auto loans, and credit cards.

Business Loan in Gulbarga 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 Gulbarga Documents Required

Salaried Applicants:

  1. PAN Card of the person for availing of a Business Loan.
  2. Residence Proof required (Owned/Rented/Company provided) for loans.
  3. Two Passport-sized photographs
  4. Identity proof necessary for the Business Loan Gulbarga (Aadhar card/driving license/Voter Id)
  5. Salary slips of the last three months of the candidate are required.
  6. Bank statements for the previous 6 months of the candidate applying for a Business Loan.

*NOTE: In case of rented accommodations, the rental agreement must be attached.

Self-Employed Applicants:

  1. Aadhar Card
  2. Residence Proof( Current and Permanent) is required for applying.
  3. Two passport-sized photographs of the candidate
  4. All financials are required of the applicant(Balance Sheet, P&L Statement as well as ITR files).
  5. PAN Card is mandatory

Business Loan in Gulbarga Eligibility Criteria

Salaried Applicants

  1. The job locality of the applicant must also be mentioned.
  2.  A borrower must have a minimum earning of INR 25,000/month
  3. The least age of the applicant should be 21 years and a maximum of 65 years.
  4. Work experience of the three years and the income should be received in their accounts only.
  5. Candidates should have an excellent credit history.

Self-Employed Applicants

  1. The credit score of the applicants should be fair, and there must not be any dues left of the individual.
  2. The yearly salary of the candidates should be a minimum of Rs 2.5 lakh.
  3. The whole documentation process of the business loan is that the applicants have to show their financial and bank statements for the previous three months.
  4. The least age for an independent person must be 25 years.
  5. The applicants applying for the business loan should require to have a file of ITR for the last three years.
  6. For the businessmen, the business should be functioning from the past three years continuously.

How to apply for Business Loan in Gulbarga?

  1. Visit our website Dialabank
  2. Go to the loan section on the page and click on the business loan link.
  3. The applicant will be directed to all the details of the business loan where they can choose their fair city, according to their needs.
  4. For more information on business loans and free guidance, you may call on 9878981166.

Processing Fees / Prepayment Charges on Business Loan in Gulbarga

Every Bank and NBFC charges a fee for the processing of the Business Loan application. Business Loan Gulbarga charges a processing fee of up to 2.50% of the loan amount.

If you close your loan before the agreed loan tenure in the documents, every lending foundation charges you a penal prepayment fee for the loan duration agreed earlier. In most cases, you cannot close the loan before the period of 12 months from the date of getting the loan. After that, the prepayment charges depend on how many years the loan has finished.

The prepayment charges on Business Loan in Gulbarga are:

  • 07-24 Months – 4% of Principal Outstanding
  • 25-36 Months – 3% of Principal Outstanding
  • For more than 36 months, the charges up to 2% of Principal Outstanding

Business Loan EMI Calculator Gulbarga

CIBIL Score required for Business Loan Gulbarga

Every lending institution has its criteria for the minimum CIBIL score required for processing the Business Loan application in Gulbarga. Most foundations need a minimum score of CIBIL of 750 to process your Business Loan Gulbarga application.

Apart from the CIBIL score, the foundations look for problematic behavior on the previous loans that you have taken. This includes the type of loan taken and the loan amount borrowed. Any delay payments of earlier loans can act as a barricade to your availing of a new loan.

Business Loan Gulbarga Agents/Broker

Dialabank is the best agent for availing Business Loan in Gulbarga.

You can easily apply online for a Business Loan at Dialabank or contact at 9878981166

Business Loan Gulbarga Contact Number

Call 9878981166 and get instant help and approval for availing Business Loan Gulbarga.

Pre-Calculated EMI Table for Business Loan Gulbarga

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

About Gulbarga

Gulbarga, also recognized as Kalaburagi, is a city in the Indian state of Karnataka. It is the official headquarters of Gulbarga district and is the most big-hearted city in the Hyderabad-Karnataka section of North Karnataka.

Major Localities in Gulbarga for availing Business Loan

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