Business Loan Rajamundry

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

Best Banks for Business Loan in Rajamundry

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 Rajamundry FeaturesBusiness Loan Rajamundry

  • The business loan Rajamundry requires no security for the overdraft.
  • The loan amount that can be availed without collateral is 40lakhs(50 lakhs in some particular cases).
  • The duration of the loan can vary from a year to three years.
  • Attractive Rate of Interest @10.45% p.a.
  • No Foreclosure/part Closure shall be permitted during the first six months of the limit setting.
  • Review your Business Growth Loan eligibility online or at any office in just 60 seconds.
  • Loans will be paid based on the previous payment of home loans, auto loans, and credit cards.

Business Loan in Rajamundry 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 Rajamundry Documents Required

Salaried Customers:

  • PAN Card of an applicant is required.
  • Proof of residence of an applicant (Owned/Rented/Company provided) for loans.
  • Two Passport-sized photos.
  • Identity proof needed by the Business loan Rajamundry (Aadhar card/driving license/Voter Id)
  • Payslips of the last three months of the candidate is also required.
  • Bank statements for the previous six months of the person who is asking for a loan.

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

Self-Employed Customers:

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

Business Loan in Rajamundry Eligibility Criteria

Salaried Applicants

  • The job position of the applicant should also be mentioned.
  •  An applicant should at least earn 25000 a month.
  • The minimum age of an applicant should be 21 years and maximum of 60 years.
  • Work experience of the three years and the payroll should also be received in their accounts only.
  • Candidates must have an excellent credit history.

Self-Employed Applicants

  • The candidate should have a good credit score and should not have any debt left.
  • The annual 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 of a candidate 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 running from the prior three years continuously.

How to Apply for Business Loan in Rajamundry?

  1. Visit our website Dialabank
  2. Go to the loan part on the page and click on the Business loan section.
  3. The applicant will address you all the details of the Business loan where they can choose their favoured city, according to their needs.
  4. For more information on Business loan Rajamundry and free administration, you may call on 9878981166.

Processing Fees / Pre-payment Charges on Business Loan in Rajamundry

The fee charged by every bank to avail a client loan is the processing fee. The processing fee for business loan Rajamundry is up to 2.50% of the loan amount.

It is possible to end the loan tenure before the fixed time, but then the banks charge a pre-payment penalty fee from the customer. 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 Pre-payment 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 Rajamundry

Business Loan Rajamundry Agents/Broker

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

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

Business Loan Rajamundry Contact Number

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

Pre Calculated EMI Table for Business Loan Rajamundry

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

Major localities in Rajamundry for availing Business Loan

Business Loan Eluru Business Loan Itanagar
Business Loan Chittoor Business Loan Tinsukia
Business Loan Anakapalle Business Loan Silchar
Business Loan Anantapur Business Loan Jorhat
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