Best Banks for Business Loan in Jaipur

Business Loan in Jaipur Features

• Business Loan Jaipur provides an overdraft facility without any security
• Avail maximum loan amount up to Rs. 40 lakhs ( up to Rs. 50 lakhs in some locations) without any security
• The affordable Rate of Interest starts at 10.45% per annum
• Loan Tenure Period ranging from 12 – 48 months
• No foreclosure/ part closure shall be allowed 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 in just 60 seconds.
• Loan disbursal depends on the previous repayment of home loans, auto loans, and credit cards.

Business Loan in Jaipur Interest Rates

To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates

Business Loan in Jaipur Documents Required

Salaried Applicants:

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

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

Self-Employed Applicants:

1. Aadhar Card is needed for getting the loan.
2. Residence Proof( Current and Permanent) is required for applying.
3. Two passport-sized photographs of the candidate applying for a loan.
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 Jaipur Eligibility Criteria

Salaried Applicants:

1. The job location of the candidate must also be mentioned.
2.  A borrower should have a minimum earning of INR 25,000/month
3. The minimum 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. Applicants should have an excellent credit history.

Self-Employed Applicants:

1. The credit score of the individual applicants should be good and there must not be any debt of the individual.
2. The yearly income 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 present their financial and bank statements for the previous three months.
4. The minimum age required for an independent person must be 25 years.
5. The applicants applying for the business loan should need to have a file of ITR for the last three years.
6. For the businessmen, the business should be functioning for the past three years constantly.

How to apply for Business Loan in Jaipur?

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 preferred city, according to their needs.
4. For more information on business loans and free assistance, you may call on 9878981166.

Processing Fees / Prepayment Charges on Business Loan in Jaipur

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

If you want to close your loan before the agreed loan tenure in the documents, every lending institution charges you a penal prepayment fee for the loan period agreed earlier. In most cases, you will not be able to close the loan before the duration of 12 months from the date of availing the loan. After that, the prepayment charges depend on how many years the loan has been done.

The prepayment charges on Business Loan in Jaipur 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 Jaipur

CIBIL Score required for Business Loan Jaipur

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

Apart from the CIBIL score, the foundations also look for the detailed behaviour on the previous loans that you have taken. This includes the type of loan taken and the loan amount borrowed. Any late payments for previous loans can act as a hurdle to your availing of a new loan.

Business Loan Jaipur Agents/Broker

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

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

Business Loan Jaipur Contact Number

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

Pre-Calculated EMI Table for Business Loan Jaipur

Major Localities in Jaipur for availing Business Loan