Business Loan Sivakasi

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Best Banks for Business Loan Sivakasi

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 Sivakasi Features

  • The amount of around 40 lakhs to 50 lakhs don’t need collateral by an individual to avail of a loan.
  • The time span of a loan can be varied from three years to four years.
  •  Rate of Interest of 10.45% p.a.is generally provided by Dialabankbusiness loan sivakasi
  • During the first six months, no closure is permitted for the loan
  • Review your Business Growth Loan eligibility online or at any office in just a minute.
  • Loans will be paid based on the previous loan amount and payback of the same.

Business Loan Sivakasi 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 Sivakasi Documents Required

Salaried Customers:

  • PAN Card of a candidate is required.
  • Proof of residence of a candidate (Owned/Rented/Company provided) for loans.
  • Two Passport-sized photos.
  • Identity proof needed by the Business loan (Aadhar card/driving license/Voter Id)
  • Payslips of the last three months of the candidate is also required.
  • Bank statements for the previous 6 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 needed of the customer(Balance Sheet, P&L Statement as well as ITR files).
  • PAN Card is compulsory for applying.

Business Loan in Sivakasi Eligibility Criteria

Salaried Applicants

  • The job position of the applicant should also be mentioned.
  • Monthly Income required – Minimum of INR 25000.
  • The minimum age of an applicant should be 21 years and a maximum of 60 years.
  • Work experience of the three years is required.
  • The loan amount should also be received in their salary accounts only.
  • Candidates must have an excellent credit score and no debts.

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 minimum age of an applicant 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 Sivakasi?

  1. Visit our website Dialabank
  2. Go to the loan part on the page and select on the Business loan section of the website.
  3. The applicant will address all the details of the Business loan where they can choose their favored city they want to avail the loan from, according to their comforts.
  4. For more information on Business loans and free administration, you may call on 9878981166.

Processing Fees / Prepayment Charges on Business Loan Sivakasi

The fee charged by every bank in order to avail of a client loan is the processing fee. The processing fee for a business loan is generally 2.50% of the loaning out by the bank from the applicant.

If customers want to pay the remaining loan amount before the fixed tenure of time, it is also possible with a penalty charge called the prepayment charge. This is applicable on the applicants through the bank. 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 Sivakasi

Business Loan Sivakasi Agents/Broker

Dialabank is the best agent for availing Business Loan.

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

Business Loan Sivakasi Contact Number

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

Pre Calculated EMI Table for Business Loan Sivakasi

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 Sivakasi  for availing Business Loan

Business Loan Nagpur Business Loan Latur
Business Loan Nashik Business Loan Kolhapur
Business Loan Nanded Business Loan Jalna
Business Loan Pune Business Loan Jalgaon
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