Business Loan Raigarh

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Best Banks for Business Loan in Raigarh

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 Raigarh Features

If you need finance to keep your business going successfully, you can go for a Business Loan Raigarh. One can use the loan amount for the continuous progress of the company. In this type of loan, one does not need any asset to pledge as collateral with the banker. Dialabank, the best financial helpline of India, is an NBFC serving on the policies of the low rate of interest for taking the Business Loan Raigarh and in many other places in the nation. We present before you the idea of getting financed with convenient processing of documents without any collateral requirement,

We provide Business Loans with a useful framework for your business to help you experience a good status!

Business Loan in Raigarh 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 Raigarh Documents Required

Salaried Customers:

PAN Card Copy
Identity Verification Proof
Two Passport-sized photos
Proof of Residence (Rental/ Owned)
Slips of pay for the last three months
Bank statements for the previous six months

Self-Employed Customers:

PAN Card Copy
Aadhar Card Copy
Two passport-sized photos
Residence Verification Proof (Aadhar Card/ Driving License)
Financial documents (Balance Sheet, Profit, and Loss Statement and Income Tax Return records).

Business Loan in Raigarh Eligibility Criteria

Salaried Applicants

Excellent credit history of the candidate is required while applying for the loan.
The work position of the candidate should be stated while applying for the loan.
The minimum income of INR 25,000 per month of the applicant is required to apply.
The minimum age of twenty-one years and a maximum of sixty years to avail the loan.
The least job experience of three years and pay to be held in the candidate account.

Self-Employed Applicants

The CIBIL/ credit score should be clean with no debt or dues pending.
The yearly earnings of the candidate should be at least Rs 2.5 lakh.
The company should be in operation for the past three years continuously.
The minimum age of the candidate should be 25 years when applying for the loan in your city.
A record of Income Tax Records for the last three years is needed when applying for the loan.
The complete documentation process requires bank and bank statements for the past three months.

How to Apply for Business Loan Raigarh?

Visit the website of Dialabank.
Go to the loan section and click on Business Loan.
Fill in details appearing on the form as per your city.

For further information and free guidance, contact us on 9878981166.

Processing Fees / Prepayment Charges on Business Loan in Raigarh

Each Bank and NBFC charges a fee for processing your Business loan Raigarh offer. Processing Fees charged by the Bank or NBFCs on Business Loan is set on the amount of the loan availed by you.

If you settle your loan before the allowed loan period, every lending organization requires you to pay a penalty payment fee for the same. Mostly, it is not allowed to end your loan before one year from the date of obtaining. Hence, the charges differ depending on how many years the credit has been terminated. The Prepayment charges are explained 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 Raigarh