Business Loan Khammam

Best Banks for Business Loan in Khammam

Business Loan in Khammam Features

• Business Loan Khammam gives an Overdraft facility without any security.
• The loans are available at an attractive @10.45% rate of interest.
• The loans are available up to Rs. 40 lakhs without any security.
• The loans are available up to Rs. 50 lakhs without any security at some locations.
• You can check your Business growth Loan eligibility online or at any branch in just 60 seconds.
• Flexible tenures are available.
• Tax benefits are also applicable as per laws.
• No guarantor/security is required.

Business Loan in Khammam Interest Rates

Business Loan in Khammam Documents Required

Salaried Customers:

• Any of the following documents as identity proof:
  • Aadhaar Card
  • Passport
  • Voter’s ID Card
  • PAN Card
  • Driving License
• Any of the following documents as address proof:
  • Aadhaar Card
  • Passport
  • Voter’s ID Card
  • Driving License
• Two passport-sized photographs are required.
• Payslips of the last three months of the candidate is also required.
• Bank statements for the last 6 months.

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

Self-Employed Customers:

• PAN Card is compulsory for applying.
• Aadhar Card as identity proof.
• Two passport-sized photos of the applicant are required. 
• Residence verification( Current and Permanent) is required for applying.
• All financial documents are required of the customer(Balance Sheet, P&L Statement as well as ITR files).

Business Loan in Khammam Eligibility Criteria

Salaried Applicants

• The minimum age of the applicant should be 21 years and the maximum age should be 60 years.
• The minimum income of the applicant should be INR 25,000 per month.
• The job position of the applicant should be mentioned.
• Candidate must have a decent credit history.
• Work experience of the three years and the payroll should also be received in their accounts only.

Self-Employed Applicants

• The minimum age of the applicant should be 25 years.
• Individuals who have been in the current business for a minimum of 3 years are eligible.
• The whole documentation method of Business loan Khammam is that the applicants have to present their financial and bank statements of the previous three months.
• The annual income of the applicants should be a least of Rs 2.5 lakh.
• The credit score of the individual candidates should be fair, and there should not be any debt or dues left of the individual.

How to apply for Business Loan in Khammam?

1. Visit our website Dialabank
2. Go to the loan part on the page and click on the Business loan section.
3. The applicant will address all the details of the Business loan Khammam and also they can choose their favored 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 Khammam

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

If you close your loan before the accepted loan tenure in the documents, every lending company charges you a penal prepayment fee for the loan period agreed beforehand. In most cases, you cannot settle 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 charges 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 Khammam

Business Loan Khammam Contact Number

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

Pre Calculated EMI Table for Business Loan Khammam