Business Loan Muzzafarnagar

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Business Loan Muzzafarnagar

Best Banks for Business Loan Muzzafarnagar

Feature
HDFC Bank
Private 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 Muzzafarnagar Features

business loan Muzaffarnagar

  • No security requirement: Business loans do not need to pledge any collateral to the bank.
  • For every business needs: Business Debt can be used for almost every business purpose without knowing the reason for availing the loan.
  • Less processing time: Business debt takes less time to get approved.
  • Less paperwork involved: Business Finance requires only a small set of documents like ITR proof and turnover.
  • Easily available: Business loan requires only 5-7 days to get approved.

Business Loan in Muzzafarnagar 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
Private 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 Muzzafarnagar Documents Required

Salaried Customers:

  • PAN Card of the individual making use of the loan from the company. 
  • The applicant‘s payslips for the last three months are also required. 
  • Residence Proof required for loans (Owned Rented Company provided). 
  • Passport-sized pictures-2. 
  • Bank statements of the person applying for loan for the previous months.
  • Identity evidence required by the Business Loan (Aadhar Card Driving License Voter d) 

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

Self-Employed Customers:

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

Business Loan in Muzzafarnagar Eligibility Criteria

Salaried Applicants

  • The applicant‘s work status should also be noted.
  • A borrower should also have the lowest salary of INR 25,000 per month.
  • A person should have minimum age of 21 and maximum age of 60.
  • The three years of work experience and the payroll should also only be received in their accounts.
  • Applicants must have an outstanding credit record

Self-Employed Applicants

  • The credit score of the individual candidates should be fair, and there should not be any debt or dues left of the individual.
  • The company should be running from the prior three years continuously.
  • The whole documentation method of the Business loan is that the applicants have to present their financial and bank statements of the previous three months.
  • The applicants asking for the Business loan should need to have a file of ITR for the last three years.
  • The least age for an independent person should be 25 years.
  • The annual income of the applicants should be a least of Rs 2.5 lakh.

How to Apply for Business Loan in Muzzafarnagar?

  1. Visit our website Dialabank
  2. Go to the loan part on the page and click on the Business loan section.
  3. The borrower will provide you with 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 Muzzafarnagar

For the processing of your loan request, every bank and NBFC charges fee. Up to 2.50 per cent of the loan, sum is transaction fees paid by the bank or NBFCs on Business Loan Muzzafarnagar.

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 been 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 Muzzafarnagar

Business Loan Muzzafarnagar Contact Number

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

Pre Calculated EMI Table for Business Loan Muzzafarnagar

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

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