Business Loan Rajnandgaon

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No Collateral Required
Loans Up to 1 Crore
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Best Banks for Business Loan in Rajnandgaon

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 Rajnandgaon Features

business loan rajnandgaon

  • Business Loan Rajnandgaon provides overdraft facility without any security
  • Avail maximum loan amount up to Rs. 40 lakhs ( up to Rs. 50 lakhs in some locations) without any collateral
  • Business Loan Rajnandgaon offers a Reasonable Rate of Interest starts at 10.45% per annum
  • Loan Tenure ranging from 12 – 48 months
  • No foreclosure/ part closure shall be accepted during the first 6 months of the limit setting
  • No guarantor is required
  • Check out your Business Loan eligibility online or at any branch in just 60 seconds.
  • Loan disbursal depends on the last repayment of home loans, auto loans, and credit cards.

Business Loan in Rajnandgaon 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 Rajnandgaon Documents Required

Salaried Applicants:

  1. PAN Card of the person for availing of a Business Loan.
  2. Residence Proof required (Owned/Rented/Company provided) for loans.
  3. Two Passport-sized photographs
  4. Identity proof required for the Business Loan Rajnandgaon (Aadhar card/driving license/Voter Id)
  5. Salary slips of the previous three months of the applier are required.
  6. Bank statements for the last 6 months of the person applying for a Business Loan.

*NOTE: In case of rented accommodations, the rental agreement must be attached.

Self-Employed Applicants:

  1. Aadhar Card is needed to get a business loan.
  2. Residence Proof( Current and Permanent) is required for applying.
  3. Two passport-sized photographs
  4. All financials are required of the applicant(Balance Sheet, P&L Statement as well as ITR files).
  5. PAN Card is mandatory

Business Loan in Rajnandgaon Eligibility Criteria

Salaried Applicants

  1. The job locality of the candidate should also be mentioned.
  2.  An individual should have a minimum earning of INR 25,000/month
  3. The minimum age of the applicant should be 21 years and a maximum of 65 years.
  4. Work experience of the three years and the stipend must get in their accounts only.
  5. Applicants should have an outstanding credit history.

Self-Employed Applicants

  1. The credit score of the individual must be good and there must not be any debt or dues left.
  2. The yearly stipend of the consumers should be a minimum of Rs 2.5 lakh.
  3. The whole documentation process of the business loan is that the candidates have to present their financial and bank statements for the previous three months.
  4. The minimum age for an independent person must be 25 years.
  5. The applicants applying for the business loan must need to have a file of ITR for the last three years.
  6. For the businessmen, the business should be functioning from the past three years.

How to apply for Business Loan in Rajnandgaon?

  1. Visit our website www.dialabank.com
  2. Go to the loan section on the page and click on the business loan link.
  3. The applicant will be directed to all the details of the business loan where they can choose their preferred city, according to their needs.
  4. For more information regarding business loans and free assistance, you may call on 9878981166.

Processing Fees / Prepayment Charges on Business Loan in Rajnandgaon

Every Bank and NBFC charges a fee for processing your Business Loan application. Business Loan Rajnandgaon charges a processing fee of up to 2.50% of the loan amount.

If you want to close your loan before the agreed loan tenure duration in the documents, every lending organization charges you a penal prepayment fee for the loan duration agreed earlier. In most cases, you will not be able to close the loan before the duration of 12 months from the date of availing the loan. After that, the charges depend on how many years the loan has been done.

The prepayment charges on Business Loan Rajnandgaon are:

  • 07-24 Months – 4% of Principal Outstanding
  • 25-36 Months – 3% of Principal Outstanding
  • For more than 36 months, the charges up to 2% of Principal Outstanding

Business Loan EMI Calculator Rajnandgaon

Business Loan Rajnandgaon Contact Number

You can easily apply online for a Business Loan Rajnandgaon at Dialabank

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

Pre-Calculated EMI Table for Business Loan Rajnandgaon

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 Rajnandgaon

Rajnandgaon is a city in the Rajnandgaon district in Chattisgarh state, India. According to the 2011 census, it had a population of 163,122.

Major Localities in Rajnandgaon for availing Business Loan

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