Business Loan Srikakulam

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Best Banks for Business Loan in Srikakulam

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 Srikakulam FeaturesBusiness Loan Srikakulam

  • Business Loan Srikakulam offers an Overdraft facility without any protection.
  • Avail of a loan of up to Rs. Forty lakhs (in some selected places, up to Rs. 50 lakhs) without any protection.
  • Tenure for a period of 12-48 months.
  • Attractive Interest Rate @10.45% p.a.
  • For the first six months of the limit setting period, no foreclosure/part closing is allowed.
  • In just 60 seconds, check your Company Development Loan eligibility online or at any office.
  • Loans can be charged based on past home loan installments, car loans, and credit cards.

Business Loan in Srikakulam 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 Srikakulam Documents Required

Salaried Customers:

  • PAN Card of the individual making use of the loan from the firm.
  • Residence Evidence required for loans (Owned / Rented / Company provided).
  • Passport-sized pictures-2.
  • Identity evidence provided by the Srikakulam Business Loan (Aadhar Card / Driving License / Voter I d)
  • The applicant’s payslips for the last three months are also required.
  • Bank accounts of the person applying for a loan for the previous six months.

NOTE: Leasing contracts need to be inserted in the case of leased properties.

Self-Employed Customers:

  • Card Aadhar
  • To apply, residence verification (current and permanent) is required.
  • Two passport-sized pictures of the person asking for a loan.
  • The client wants all financial records (Balance Sheet, P&L Analysis, as well as ITR files).
  • It is mandatory to apply for a PAN Passport.

Business Loan in Srikakulam Eligibility Criteria

Salaried Applicants

  • It should also note the applicant’s work position.
  • The lowest salary of INR 25,000 a month may also be for a creditor.
  • The minimum age for a person should be 21 years, and the highest age should be 60.
  • The three-year work experience and payroll can also be gained only in their accounts.
  • Candidates would have a distinguished history of credit.

Self-Employed Applicants

  • It should be equal to the credit score of the shortlisted candidates, and no debt or dues should be left with the person.
  • The applicants’ annual revenue should be a minimum of Rs 2.5 lakh.
  • The full documentation of the business loan system is that the borrowers are expected to apply their financial and bank accounts for the intervening three months.
  • For an adult citizen, the minimum age should be 25 years.
  • Applicants seeking a business loan may have been allowed to have an ITR file for the last three years.
  • The business could continue to operate from the previous three years onwards.

How to Apply for Business Loan in Srikakulam?

  1. Meet Dialabank on our homepage
  2. On the tab, go to the loan segment and click on the Business Loan tab.
  3. The borrower can supply you with all the specifics of the business loan Srikakulam where, according to their preferences, they will select their preferred city.
  4. You should dial 9878981166 for more information on Business Loan Srikakulam and Free Management.

Processing Fees / Prepayment Charges on Business Loan in Srikakulam

For the processing of your loan applications, every bank and NBFC charges a fee. The payment fees paid on Business Loan Srikakulam by the bank or NBFCs are up to 2.50 per cent of the amount of the loan.

Every financing firm charges you a penal prepayment fee for the loan term negotiated in advance if you close the loan before the approved loan duration in the agreements. In most cases, the debt will not be repaid within 12 months of the date on which the debt is used. The costs may vary based on how many years the loan has been taken out. Below are the Prepayment Charges:

  • 07-24 Months – 4% of Principal Outstanding
  • >36 Months – 2% of Principal Outstanding
  • 25-36 Months – 3% of Principal Outstanding

Business Loan EMI Calculator Srikakulam

Business Loan Srikakulam Contact Number

Call 9878981166 and get immediate assistance and permission to use the Business Loan Srikakulam.

Pre Calculated EMI Table for Business Loan Srikakulam

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

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