Business Loan Tiruchirapally

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Best Banks for Business Loan in Tiruchirapally

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 Tiruchirapally FeaturesBusiness Loan Tiruchirapally

  • The Tiruchirapally Business Loan offers an Overdraft facility without any protection.
  • Availability of loans of up to Rs. Forty lakhs (in some selected areas up to Rs. 50 lakhs) without any protection.
  • Tenure of 12 to 48 months.
  • In just 60 seconds, check your Company Development Loan eligibility online or in any
  • office.
  • Loans are charged on the basis of past mortgage loan contributions, car loans, and credit cards.
  • Attractive Interest rate @10.45 percent p.a.
  • No foreclosure/part closing is required within the first six months of the setting of the cap.

Business Loan in Tiruchirapally 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 Tiruchirapally Documents Required

Salaried Customers:

  • PAN Card of the person availing the Business loan.
  • Passport-sized photos–2.
  • Identity proof needed by the Business loan Tiruchirapally(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.
  • Residence Proof required (Owned/Rented/Company provided) for loans.

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

Self-Employed Customers:

  • Aadhar Card
  • 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.
  • Residence verification( Current and Permanent) is needed for applying.

Business Loan in Tiruchirapally Eligibility Criteria

Salaried Applicants

  • The job position of the applicant should also be mentioned.
  • The least age of the person should be 21 years and a 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.
  • A borrower should also have the least income of INR 25,000 per month.

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 annual income of the applicants should be a least of Rs 2.5 lakh.
  • The least age for an independent person 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.
  • 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.

How to Apply for Business Loan in Tiruchirapally?

  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 favored city, according to their needs.
  4. For more information on Business loans and free administration, you may call on 9878981166.

Processing Fees / Prepayment Charges on Business Loan in Tiruchirapally

For processing your loan application, every bank and NBFC charges a fee. Processing fees paid by the Tiruchirapally Business Loan Bank or NBFCs are up to 2.50 percent of the amount of the loan.

If you close the loan in the documentation prior to the approved loan tenure, each credit institution will owe you a penal prepayment fee for the previously negotiated loan duration. In most cases, the debt will not be repaid within 12 months of the day the debt is used. The costs may vary based on how many years the credit has been taken out. The fees for prepayments are described 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 Tiruchirapally

Business Loan Tiruchirapally Contact Number

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

Pre Calculated EMI Table for Business Loan Tiruchirapally

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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