Business Loan Ongole

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Why us?

No Collateral Required
Loans Up to 1 Crore
Hassle-free Disbursal
Doorstep Service
Unbiased Experts Advice

Best Banks for Business Loan in Ongole

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 Ongole Features

Business Loan Ongole

Want to take your business to success height or start your company? For any kind of business to run or start you need the financial support that fulfills the requirements of your specified business in no time. Business Loan Ongole helps you achieve the the goals that you’ve aspired for your business, a plan that suits your business.

Dialabank brings you the Business Loan that  makes your dream of setting up a business come true.

  • The candidates easily get a Business Loan of up to 40 lakh that helps you grow your business.
  • Smart Interest Rates 10.45% annually.
  • The loan tenures are multidimensional in nature that are suitable for the borrower.
  • Business Loan Ongole provides an overdraft facility that gives the applicants the freedom to approve more amount as per requirement.
  • Business Loans require basic testament.
  • Pre-closing and post-tenure repayment in an ongoing loan is not permitted.
  • You require a good credit score for Business loan Ongole approval.

Business Loan in Ongole 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 Ongole Documents Required

Essential documents required for Business Loan Ongole are:

Salaried Customers:

  • Pan card that belongs to the applicant
  • Proof of Identity (Adhar Card)
  • Any recent 2 Passport-sized 
  • The Last three month’s Salary Slips of the borrower
  • Submit up to six month’s  Bank statements

*NOTE: In case of rented houses, rent agreement is mandatory to attach.

Self-Employed Customers:

  • (Current and Permanent) legal address is needed for Residence verification
  • Adhaar card is used as the Identity proof
  • Photographs: 2 passports sized photographs.
  • Financial documents: that belong to the applicant (Balance Sheet, P&L Statement as well as ITR files).
  • PAN Card: for verification, it is obligatory while applying for Business Loan Ongole.

Business Loan in Ongole Eligibility Criteria

The must criteria for availing Business Loan Ongole:

Salaried Applicants

  1. The job position of the applicant in operating employment should be specified in the given documents.
  2. The candidate must possess documented proof of employment for the past three years with regular payrolls.
  3. A borrower should also earn a min income of INR 25,000 per month.
  4. Candidates should have a clear credit history.
  5. The least age of the person should lie between 21 years to a maximum of 60 years.

Self-Employed Applicants

  1. The minimum age criteria for the applicant is 25 years.
  2. The applicant is needed to have a satisfactory credit history.
  3. The income of the applicant annually basis should be a minimum of Rs 2.5 lakh.
  4. The applicant must attach all financial statements that belong to him/her.
  5. The company should be operating from the prior three years consistently.
  6. The applicants asking for the Business loan is needed to have a file of ITR for the last three years.

How to Apply for Business Loan Ongole?

  1. Visit us on our website Dialabank
  2. Select the business loan option from the given page.
  3. In the business loan section, select your city from the drop-down list.
  4. For any institutional or processing assistance, you may call on 9878981166.

Processing Fees / Prepayment Charges on Business Loan Ongole

A business Loan is inclusive of a certain fee that is charged while getting the amount processed from any establishment that permits a Business Loan that is known as Processing Fee. Every Loaning institute charges a moderate fee of up to 2.50% from the total loan amount.

I to wish to pre-close the loan tenure, every lending company or institution charges you a penal prepayment fee for the loan period which is approved prior.

Mostly, the individuals are not allowed to settle the loan before 12 months from the date of availing the loan. After which the charges also contradict depending on how many years the credit has done.

The Prepayment charges for Business Loan Ongole are given 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 Ongole

Business Loan Ongole Contact Number

Call 9878981166 and get instant help and approval for processing your Business Loan Ongole on our website Dialabank.

Pre Calculated EMI Table for Business Loan Ongole

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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