Business Loan Varanasi

Best Banks for Business Loan in Varanasi

Business Loan in Varanasi Features

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

Business Loan in Varanasi Interest Rates

To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates

Business Loan in Varanasi Documents Required

Salaried Applicants:

1. PAN Card of the candidate for getting 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 Varanasi(Aadhar card/driving license/Voter Id)
5. Salary slips of the last three months of the candidate 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 avail of the loan.
2. Residence Proof( Current and Permanent) is required for applying.
3. Two passport-sized photographs of the applicant applying for a loan.
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 Varanasi Eligibility Criteria

Salaried Applicants

1. The workplace of the applicant must also be mentioned.
2.  An applier 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 income must be received in their accounts only.
5. Applicants should have an outstanding credit history.

Self-Employed Applicants

1. The credit score of the applicants should be good and there must not be any debt or dues left of the individual.
2. The yearly income of the candidates should be a minimum of Rs 2.5 lakh.
3. The whole documentation process of the business loan is that the applicants have to show 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 should 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 Varanasi?

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, as per their needs.
4. For more information on business loans and free guidance, you may call on 9878981166.

Processing Fees / Prepayment Charges on Business Loan in Varanasi

Every Bank and NBFC charges a fee for processing your Business Loan application. Business Loan Varanasi 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 in the documents, every lending institution charges you a penal prepayment fee for the loan duration agreed earlier. In most cases, you cannot 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 done.

The prepayment charges on Business Loan in Varanasi 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 Varanasi

CIBIL Score Required for Business Loan Varanasi

Every lending institution has its criteria for the minimum CIBIL score required for processing the Business Loan Varanasi application. Most foundations require a minimum score of CIBIL of 750 to process your Business Loan Varanasi application.

Apart from the CIBIL score, the foundations check the record of the previous loans that you have taken. This comprises the type of loan taken and the loan amount you have borrowed. Any late payments for previous loans can act as a barricade to your availing of a new loan.

Business Loan Varanasi Agents/Broker

Dialabank is the best agent for availing Business Loan in Varanasi.

You can easily apply online for a Business Loan at Dialabank or contact at 9878981166

Business Loan Varanasi Contact Number

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

Pre-Calculated EMI Table for Business Loan Varanasi

Major Localities in India for availing Business Loan

FAQs About Business Loan Varanasi

✅ What are the minimum and maximum loan amounts I can get as a business loan Varanasi?

The minimum loan amount offered in a business loan Varanasi is Rs. 5,000 and the maximum loan amount can extend up to Rs. 2 crores, depending on the requirements and eligibility.

✅ What is the age limit of availing a business loan Varanasi?

The age limit is usually 21-65 years for availing of a business loan Varanasi.

✅ What is the tenure period for business loan Varanasi repayment?

You can repay the Varanasi loan amount in a minimum of 12 months and a maximum of up to 5 years, depending on the respective bank or NBFC. Some institutes in Varanasi may even extend the tenure period.