Business Loan Kota

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Best Banks for Business Loan in Kota

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 Kota FeaturesBusiness Loan Kota

  • Business Loan Kota 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
  • Reasonable 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 six months of the limit setting.
  • No guarantor is required.
  • Check out your eligibility for Business Loan 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 Kota 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 Kota Documents Required

Salaried Applicants:

  1. PAN Card
  2. Residence Proof (Owned/Rented/Company provided)
  3. Two Passport-sized photographs
  4. Identity proof(Aadhar card/driving license/Voter Id)
  5. Salary slips of the last three months 
  6. Bank statements for the previous 6 months

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

Self-Employed Applicants:

  1. Aadhar Card
  2. Residence Proof( Current and Permanent)
  3. Two passport-sized photographs
  4. All financial records(Balance Sheet, P&L Statement, as well as ITR files).
  5. PAN Card

Business Loan in Kota Eligibility Criteria

Salaried Applicants

  1. The job position of the applicant must 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 must 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 fair, and there must not be any debt or dues left 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 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 from the past three years regularly.

How to apply for Business Loan in Kota?

  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 guidance and assistance, you may call on 9878981166.

Processing Fees / Prepayment Charges on Business Loan in Kota

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

If you wish to close your loan before the agreed loan tenure in the documents, every lending institution 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 availing the loan. After that, the prepayment charges depend on how many years the loan has done.

The prepayment charges on Business Loan in Kota 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 Kota

CIBIL Score required for Business Loan Kota

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

Apart from the CIBIL score, the foundations 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 of earlier loans can create a barricade to your availing of a new loan.

Business Loan Kota Agents/Broker

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

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

Business Loan Kota Contact Number

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

Pre-Calculated EMI Table for Business Loan Kota

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 Kota

Kota, earlier known as Kotah, is a city founded in the southeast of the northern Indian state of Rajasthan. Kota is a primary coaching hub of the country for competitive examination arrangements and has several engineering and medical coaching institutes.

Major Localities in Kota for availing Business Loan

Business Loan Kishangarh Business Loan Jalore
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Business Loan Jaipur Business Loan Bharatpur
Business Loan Jaisalmer Business Loan Bikaner

 

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