Business Loan Nanded

Looking For a Loan?

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Why Apply with Dialabank?

Compare across 18 Banks
Get Money in 30 Mins
Loan Amount Up to 5 Crore
Hassle-free Disbursal
Unbiased Experts Advice

Best Banks for Business Loan in Nanded

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 Nanded Features

  • Business Loan Nanded provides an Overdraft facility without any security. 
  • Avail of a loan up to Rs. Forty lakhs (up to Rs. 50 lakhs in some selected areas) without any collateral.  business loan nanded
  • Tenure varying from 12-48 months.
  • Engaging Rate of Interest @10.45% p.a.
  • No Foreclosure/part Closure shall be allowed during the first six months of the limit setting.
  • Examine your Business Growth Loan eligibility online or at any office in just 60 seconds.
  • Loans will be given based on the previous payment of home loans, auto loans, and credit cards.

Business Loan in Nanded 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 Nanded Documents Required

Salaried Customers:

  • PAN Card of the body availing the Business loan.
  • Residence Proof needed (Owned/Rented/Company provided) for loans.
  • Passport-sized photos–2.
  • Identity proof required by the Business loan Nanded (Aadhar card/driving license/Voter Id)
  • Payslips of the latest three months.
  • Bank statements for the previous six months of the person who is asking for a loan.

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

Self-Employed Customers:

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

Business Loan in Nanded Eligibility Criteria

Salaried Applicants

  • The job status of the applicant should also be mentioned.
  •  A borrower needs to have the least income of INR 25,000 per month.
  • The least age of the person 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 excellent credit history.

Self-Employed Applicants

  • The credit score of the individual applicants should be fair, and there should not be any debt or dues left of the individual.
  • The yearly income of the applicants should be a least of Rs 2.5 lakh.
  • 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 least age for an independent person 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 working from the prior three years continuously.

How to Apply for Business Loan in Nanded?

  1. Visit our website Dialabank
  2. Go to the loan part on the page and succeed on the Business loan section.
  3. The applicant will address you all the details of the Business loan where they can take 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 Nanded

Every Bank and NBFC charges a fee for processing your loan request. Processing Fees charged by the Bank or NBFCs on Business Loan Nanded 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 Nanded

CIBIL Score required for Business Loan Nanded

Every lending institution has its criteria for the least CIBIL score required for processing Business Loan requests in Nanded. Most institutions require the least score of CIBIL of 750 to process your loan application.

The organizations don’t just look at the overall score but also the detailed response on the previous loans taken. This includes details on the type of loan taken and the sum borrowed. Any delayed payments for past loans can act as a hindrance to your availing of a new loan.

Business Loan Nanded Agents/Broker

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

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

Business Loan Nanded Contact Number

Call9878981166 and get instant help and approval for availing Business Loan Nanded.

Pre Calculated EMI Table for Business Loan Nanded

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 Nanded

Nanded is a city in Maharashtra. It is the eighth largest urban agglomeration of the state and the seventy-ninth most populous city in India.

Major localities in India for availing Business Loan

Business Loan Kohima Business Loan Cuttack
Business Loan Dimapur Business Loan Bhubaneshwar
Business Loan Rourkela Business Loan Bhubaneswar
Business Loan Puri Business Loan Berhampur
Menu