Business Loan Gwalior

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No Collateral Required
Loans Up to 1 Crore
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Best Banks for Business Loan in Gwalior

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 Gwalior FeaturesBusiness Loan Gwalior

  • Business Loan Gwalior provides an Overdraft means without any security. 
  • Avail of credit up to Rs. Forty lakhs (up to Rs. 50 lakhs in some selected areas) without any warranty.
  • Tenure ranging from 12-48 months.
  • Vey less Rate of Interest @10.45% p.a.
  • No Foreclosure/part Closure shall be permitted during the first six months of the limit setting.
  • Evaluate your Business Growth Loan eligibility online or at any department in just 60 seconds.
  • Credits will be paid based on the prior payment of home loans, auto loans, and credit cards.

Business Loan in Gwalior 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 Gwalior Documents Required

Salaried Customers:

  • PAN Card.
  • Residence Documentation (Owned/Rented/Company provided).
  • Passport-sized photos–2.
  • Identity documentation needed for the Business loan Gwalior(Aadhar card/driving license/Voter Id)
  • Payslips of the last three months of the candidate.
  • Bank statements for the previous six months.

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

Self-Employed Customers:

  • Aadhar Card
  • Residence verification( Current and Permanent)
  • Two passport-sized photos of the person.
  • All financial documents of the customer(Balance Sheet, P&L Statement, as well as ITR files).
  • PAN Card

Business Loan in Gwalior Eligibility Criteria

Salaried Applicants

  • The job position of the candidate should also be mentioned.
  •  A borrower should also have the least pay of INR 25,000 per month.
  • The least age of the body 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.
  • Applicants must have an attractive credit history.

Self-Employed Applicants

  • The credit score of the individual appellants should be fair, and there should not be any debt or dues left of the individual.
  • The annual income of the applicants should be a least of Rs 2.5 lakh.
  • The whole documentation process of the Business loan is that the candidates have to present their business and bank statements of the previous three months.
  • The least age for a candidate 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 operating from the prior three years continuously.

How to Apply for Business Loan in Gwalior?

  1. Please tour our website Dialabank
  2. Go to the loan section on the page and click on the Business loan part.
  3. The candidate will address you all the details of the Business loan where they can pick their favoured 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 Gwalior

Every Bank and NBFC imposes a fee for processing your loan request. Processing Fees required by the Bank or NBFCs on Business Loan Gwalior is up to 2.50% of the loan amount.

If you close your loan before the secured loan tenure in the documents, every lending company prices you a penal prepayment fee for the loan period agreed beforehand. In most circumstances, you cannot pay 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 prices 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 Gwalior

CIBIL Score Required for Business Loan Gwalior

Every lending institution has its criteria for the least CIBIL score required for processing Business Loan demand Gwalior. Most organisations need the least score of CIBIL of 750 to process your loan application.

The companies don’t just look at the overall score but also the exact answer on the previous loans taken. This includes specifications on the type of loan taken and the sum obtained. Any delayed adjustments for past loans can act as an obstacle to your availing a new loan.

Business Loan Gwalior Agents/Broker

Dialabank is the most fitting agent for availing Business Loan Gwalior.

You can administer online at Dialabank or give a bell at 9878981166.

Business Loan Gwalior Contact Number

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

Pre Calculated EMI Table for Business Loan Gwalior

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 Gwalior

Gwalior is a significant city in the primary Indian state of Madhya Pradesh and one of the Counter-magnet centres. A study of urban contamination in 2016 found the city to have the most significant level of air pollution in India, and the second-highest in the world.

Major localities in Gwalior for availing Business Loan

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