Best Banks for Business Loan in Rajapalayam
1% - 2.5% of the Loan Amt
Business Loan in Rajapalayam Features
- Business Loan Rajapalayam provides an Overdraft facility without any security.
- The loans are available up to Rs. 40 lakhs (up to 50 lakhs at select locations) without any security.
- You can check your Business growth Loan eligibility online or at any branch in just 60 seconds.
- The loans are available at a @10.45% rate of interest.
- The tenure is ranging from 12-48 months.
- No Foreclosure shall be permitted during the first 6 months.
- No guarantor/security is required.
- Tax benefits are available as per applicable laws.
- Loans will be paid based on the previous payment of home loans, auto loans, and credit cards.
Business Loan in Rajapalayam Interest Rates
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Business Loan in Rajapalayam Documents Required
Salaried Customers:
- Any of the following as Identity proof:
-
- Aadhaar Card
- Passport
- Voter’s ID Card
- PAN Card
- Driving License
- A copy of any of the following documents as address proof:
-
- Aadhaar Card
- Passport
- Voter’s ID Card
- Driving License
- Two passport-sized photographs are required.
- Payslips of the last three months of the candidate is also required.
- Bank statements for the previous 6 months.
*NOTE: In case of rented houses, rent agreement needs to be attached.
Self-Employed Customers:
- PAN Card is compulsory
- Aadhar Card as identity proof.
- Two passport-sized photos are required.
- Residence verification( Current and Permanent) is required for applying.
- All financial documents are required of the customer(Balance Sheet, P&L Statement as well as ITR files).
Business Loan in Rajapalayam Eligibility Criteria
Salaried Applicants
- The job position of the applicant should be mentioned.
- The minimum income:- INR 25,000 per month.
- The minimum age:- 21 years.
- The maximum age:- 60 years.
- Work experience of the three years and the payroll should also be received in their accounts only.
- Candidates must have a good credit history profile.
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 minimum annual income should be:- Rs 2.5 lakh.
- The whole documentation method of Business loan Rajapalayam is that the applicants have to present their financial and bank statements of the previous three months.
- The minimum age should be:- 25 years.
- Individuals who have been in the current business for a minimum of 3 years are eligible.
How to Apply for Business Loan in Rajapalayam?
- Visit our website Dialabank
- Go to the loan part on the page and click on the Business loan section.
- The applicant will address all the details of the Business loan Rajapalayam and also they can choose their favored city, according to their needs.
- For more information on Business loans and free administration, you may call on 9878981166.
Processing Fees / Prepayment Charges on Business Loan in Rajapalayam
Every Bank and NBFC charges a fee for processing your loan request. Processing Fees charged by the Bank or NBFCs on Business Loan Rajapalayam 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 Rajapalayam
Business Loan Rajapalayam Contact Number
Call 9878981166 and get instant help and approval for availing of Business Loan Rajapalayam.
Pre Calculated EMI Table for Business Loan Rajapalayam
Business Loans in Other Cities
Business Loan Nagpur | Business Loan Latur |
Business Loan Nashik | Business Loan Kolhapur |
Business Loan Nanded | Business Loan Jalna |
Business Loan Pune | Business Loan Jalgaon |