Kashi Gomti Samyut Gramin Bank Business Loan

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Kashi Gomti Samyut Gramin Bank Business Loan

Kashi Gomti Samyut Gramin Bank Business Loan Key Features

Kashi Gomti Samyut Gramin Bank Interest Rate 11.2%
Tenure up to 36 months
Lowest EMI per lakh ₹ 3,423
Loan Amount Min ₹ 1 lakh and Max ₹ 8 lakh
Part Prepayment, Charges Allowed after 1 EMI’s,
Early Foreclosure, Charges Allowed after 1 EMI’s
Kashi Gomti Samyut Gramin Bank Processing Charges Up to 2.50% of the loan amount (Min. Rs. 1 lakh – Max. Rs. 8 lakh)
Prepayment Charges 07-24 Months – 4% of Principal Outstanding Amount

 

25-36 Months – 3% of Principal Outstanding Amount

More than 36 Months – 2% of Principal Outstanding Amount

Repayment Period 12 – 48 months
Prepayment Condition No pre-payment permitted until repayment of 6 EMIs
Collateral Not required

Interest Rate, Fees, and Charges (Self Employed Non-Professional)

Facility Charges
Interest Rate Charges 11.2%
Loan Processing Charges Up to 2.50% + GST as applicable
Prepayment No pre-payment permitted until repayment of 6 EMIs
No Due Certificate / No Objection Certificate (NOC) NIL
Duplicate no due certificate / NOC NIL
Solvency Certificate Not applicable
Charges for late payment of EMI @ 24%  p.a.
Charges for changing from fixed to floating rate of interest Not applicable
Charges for changing from floating to a fixed rate of interest Not applicable
Stamp Duty & other statutory charges As per applicable laws of the state
Credit assessment charges Not applicable
Nonstandard repayment charges Not applicable
Cheque swapping charges ₹ 500/-
Amortization Schedule charges ₹ 200/-
Loan cancellation charges NIL (However Interest would be charged for the interim period between the date of loan disbursement and date of loan cancellation and processing fees would be retained)
Cheque Bounce Charges ₹ 550/- per cheque bounce
Legal / incidental charges At actual
CIBIL Report Copy Charges ₹ 50 Per Copy

Interest Rate, Fees, and Charges (Self Employed Professional)

TABLE WILL APPEAR

Advantages of Kashi Gomti Samyut Gramin Bank Business Loan

Kashi Gomti Samyut Gramin Bank offers personalized goods to its customers in order to satisfy the requirements of its unique customer segments. Furthermore, Kashi Gomti Samyut Gramin company gives:

  1. No intervention by the bank in the way the applicant’s company works.Kashi Gomti Samyut Gramin Bank Business Loan
  2. Unlimited free ATM transactions in India at Tamilnad Mercantile Bank and other VISA ATM banks.
  3. No charges on transactions of NEFT / RTGS and demand draughts.
  4. If the loan is accepted, the funds are quick and easy to access.
  5. Reimbursement plan-a a distinct current account for smooth monitoring of reimbursement.
  6. With Instant Welcome Packs (IWP), workers assisted with the digital account opening.
  7. Applicants with a rich relationship with the bank would have competitive interest rates.
  8. Preferential rates on home and personal loans.

Kashi Gomti Samyut Gramin Bank Business Loan Eligibility Criteria

Eligibility Criteria Description
Age 21 to 60 years
Minimum Turnover ₹ 0
Business Existence (in months) 0 months
ITR (months) 6 months
Loan Amount ₹ 1 Lakh to ₹ 8 Lakh
Loan Tenure up to 36 months
Owned House or Place of Work Not Required
CIBIL Score 750 and above

Kashi Gomti Samyut Gramin Bank Business Loan Documents Required

Common Documents:

  • Valid Proof for Identity: Passport / Ration card / Electricity Bill / Voter ID card / Passport / Driving License/ PAN Card and MAPIN card/ Lease agreement  / Sales Tax certificate/Trade licence
  •  Residence Proof: Lease agreement / Passport / Trade license / Electricity Bill / Sales Tax Certificate
  • Age Proof: Passport / PAN card / Voter’s identity card
  • Financial Documents: Copy of IT returns for the last two years and the latest Bank statements for 6 months along with the Profit and Loss balance sheet for the last two years audited by a C.A.
  • Copy of  Bank Statement
  • Latest ITR and statement of computation of Income for the last 2 yrs.
  • Proof of continuity of business
  • Other Mandatory Documents that are Sole Proprietorship Declaration, Certified copy of Memorandum & Articles of Association certified by a director
  • Original Board resolution
  •  Financials audited/ certified  by a CA

* (If Pvt ltd Co. Then Partnership Authorization Letter/ co-borrower if partnership firm just a co-borrower

Self Employed (Private Ltd. Co. and Partnership Firms)

  • Identity proof of the company: PAN ID /VAT /Service tax / Sales tax /Excise registration, / IT return of the concern/ Electricity bill /Water bill/ Registration under Shops and Establishment Act/Municipal tax bill in the name of the concern, Articles of Association and Memorandum
  • Proof of identity: To be submitted with two authorized signatories such as 2 Directors including the managing director, with (any one of the following): PAN card, Voter’s identity card, Passport, and Driving license
  • Financial Documents: Copies of IT returns for the last two years and Profit and Loss balance sheet for the last two years audited by a C.A

Self Employed Individuals – Professionals

  •  Identity Proof for Sole Proprietorship: PAN ID / IT return of the concern or Municipal tax, Water bill, and electricity bill in the name of the concern.
  • Identity proof for the Sole Proprietor: Passport, Voter’s identity card, Driving license, PAN card.
  • Address Proof for the Sole Proprietor: Driving license, Voter’s identity card, Ration card, Passport
  • Financial Documents: Copies of IT returns for the last two years and Bank statements for the last 6 months along with the Profit and Loss balance sheet for the last two years audited by a C.A

Self Employed Individuals – Non Professionals:

  • Identity proof: Documents to be submitted for the sole proprietorship as well as for the individual’s (owner) identity.
  • Copy of periodic stock, age-wise book-debt and creditors-statement for latest three months
  • Copy of bank statement of main banker/copy of bank statement for the term loan for last  months
  • Financial Documents: Profit and Loss balance sheet for the last two years audited by a C.A, Sales tax returns for a minimum of 3 years, and the Copies of IT returns for the last three years.

Business Loan EMI Calculator for Kashi Gomti Samyut Gramin Bank

The following is the EMI calculated table for Kashi Gomti Samyut Gramin Bank Business loan:

Loan Amount 10 Year Loan 15 Year Loan 25 Year Loan
₹ 20 Lakh ₹ 24,958 ₹ 19,871 ₹ 16,307
₹ 30 Lakh ₹ 37,437 ₹ 29,807 ₹ 24,461
₹ 50 Lakh ₹ 62,395 ₹ 49,678 ₹ 40,768

Calculate EMIs with the help of Dialabank’s fast and accurate EMI Calculator!

Compare Kashi Gomti Samyut Gramin Bank Business Loan With Other Banks

Bank
Interest Rate 15.65% – 21.35% 11.2%
Processing Fees Starting from 0.99%, Max 2.50% Starting from 1%, Max 2.50%
Loan Amount ₹ 50,000 to ₹ 50 Lakh ₹ 1 lakh to ₹ 8 Lakh
Loan Tenure 12 to 48 Months up to 38 Months
Lowest EMI Per Lakh ₹ 2,816 per lakh ₹ 3,423 per lakh
Part Payment Charges Not Allowed Not Allowed
Foreclosure Charges Allowed after 12 months at 2 – 4% Allowed after 1 EMI’s
Borrower’s Age 21 to 65 Years 25 to 65 Years
Minimum Years in Business Required 36 Months 36 Months
Minimum Turnover Required ₹ 1 Cr ₹ 60 Lakh

More Banks to compare with Kashi Gomti Samyut Gramin Bank Business Loan:

Barclays Bank Canara Bank Private Bank ING Vysya Bank
HSBC Citibank Kotak Mahindra Bank

Video: How to apply for Kashi Gomti Samyut Gramin Bank Business Loan

VIDEO WILL APPEAR!

Purpose of Business Loan from Kashi Gomti Samyut Gramin Bank

Availing a Business Loan from Kashi Gomti Samyut Gramin Bank can cover and help with:

  • Maintaining a healthy cash flow to make payments to the suppliers on time.
  • Instant availability of liquidity to finance the everyday needs of the business.
  • The loan amount can be used to cover up all the expenses related to business expansion.
  • Covers the cost of buying new or upgrading machinery or equipment.
  • Covers the cost of purchasing new inventories.

EMIs of Several Banks and NBFCs for Different Tenures

The following table shows the approximate values of EMI’s offered by banks and NBFC’s other than Kashi Gomti Samyut Gramin Bank

Total Loan Amount Loan Tenure
Loan Amount (Rs.) 10 years 15 years 25 years
2,500,000 ₹ 31,197 ₹ 24,839 20,384
5,000,000 ₹ 62,395 ₹ 49,678 40,768
7,500,000 ₹ 93,592 ₹ 74,516 61,152
10,000,000 ₹ 1.25 Lakh ₹ 99,355 81,536

Other Loan Products from Kashi Gomti Samyut Gramin Bank

Personal Loan Gold Loan
Car Loan Education Loan

Why should you apply for Kashi Gomti Samyut Gramin Bank Business Loan at Dialabank?

DialaBank is India’s first helpline service for online banking. By minimizing the complicated paperwork and application process, it acts as a bridge between you and your desired bank collection. Dialabank ‘s key master card is the best deal according to your requirements, as it has successfully offered all the terms promised to all its customers without any disappointment.

Dialabank has been approved by its own customers and other authorized bodies and that is why it is placed on the top of its competitor’s leaderboard.

Know guide regarding Dialabank by going us digitally or by dialling on 9878981166.

How to calculate EMI for Kashi Gomti Samyut Gramin Bank Business Loan?

Table Showing EMI, Interest Outgo, and Total Repayment Amount

LOAN AMOUNT INTEREST RATE TENURE MONTHLY INSTALMENT TOTAL INTEREST AMOUNT TOTAL AMOUNT
₹ 3,00,000 11.2% 1 ₹ 26,555 ₹ 18,661 ₹ 3,18,661
₹ 3,00,000 11.2% 2 ₹ 14,023 ₹ 36,547 ₹ 3,36,547
₹ 3,00,000 11.2% 3 ₹ 9863 ₹ 55,063 ₹ 3,55,063
₹ 3,00,000 11.2% 4 ₹ 7796 ₹ 74,207 ₹ 3,74,207
₹ 3,00,000 11.2% 5 ₹ 6566 ₹ 93,972 ₹ 3,93,972

You can also calculate the specific loan amount EMIs on Dialabank’s EMI Calculator.

Benefits of Kashi Gomti Samyut Gramin Bank Business Loan

Kashi Gomti Samyut Gramin Bank provides self-employed and businessmen with business loans to fund their company’s growth or working capital needs. There are many benefits of availing loan from the Kashi Gomti Samyut Gramin Bank:

  • Dropline Overdraft to save interest.
  • High loan amount up to Rs. 8 Lakh.
  • No collateral or guarantor is required.
  • The balance transfer option is available.
  • Flexible tenure and easy process.
  • Fast Approvals and disbursals.
  • Low and flexible interest rates.
  • Simple and minimum paperwork required.

Kashi Gomti Samyut Gramin Bank Business Loan Processing Time

In the case of loan applications for Commercial Banking customers, the Bank will take 30 working days to communicate the decision after the customer has duly submitted all the details requested by the Bank.

Kashi Gomti Samyut Gramin Bank Business Loan Preclosure

Kashi Gomti Samyut Gramin Bank’s Business Loan Preclosure charges vary between 2% to 2.5% of the disbursed limit.

Pre Calculated EMI Table for Kashi Gomti Samyut Gramin Bank Business Loan

The Loan EMI in Kashi Gomti Samyut Gramin Bank depends upon the occupation (businessmen, self-employed, salaried), loan amount, loan tenure, and interest rate.

Loan Amount 5 Year Loan 7 Year Loan 15 Year Loan
₹ 20 Lakh ₹ 42,298 ₹ 32,996 ₹ 21,248
₹ 30 Lakh ₹ 63,446 ₹ 49,494 ₹ 31,872
₹ 50 Lakh ₹ 1,05,744 ₹ 82,490 ₹ 53,120

How to Apply for Kashi Gomti Samyut Gramin Bank Business Loan Online?

  1. Visit Dialabank.
  2. Go to the loan section and click on the Business Loan link.
  3. Check the eligibility criteria for the Business loan offered by Kashi Gomti Samyut Gramin Bank and fill a user-friendly online application form for Business Loan.
  4. One of our relationship managers will soon get in touch with you for further process
  5. For more information and free guidance, you may call on +919878981166.

Kashi Gomti Samyut Gramin Bank Business Loan Status

You can find the loan status by Calling at +919878981166 or by visiting the Main Bank of Kashi Gomti Samyut Gramin Bank Site.

Dialabank Kashi Gomti Samyut Gramin Bank Business Loan Customer Care Number

To find the answer to your questions concerning a business loan, give a call at +919878981166

By providing you with a comprehensive market analysis of different banks, Dialabank allows you to find the best alternative for banks and NBFCs so that you can make the correct decision.

Kashi Gomti Samyut Gramin Bank Business Loan FAQs

✅ Is a guarantor required for the Kashi Gomti Samyut Gramin Bank Business Loan?

No form of security is required while applying for Kashi Gomti Samyut Gramin Bank’s Business Loan.

 How do I repay my business loan?

It really should be repayment through stand orders and a post-dated cheque via EMIs.

What are the minimum and maximum range of tenure of business loans in the Kashi Gomti Samyut Gramin Bank?

These loans are loans with a shorter term. Within a flexible duration of at least up to 38 months, you will repay your loan.

How much business loan amount I can borrow from the Kashi Gomti Samyut Gramin Bank?

Kashi Gomti Samyut Gramin Bank offers you a loan if you need a minimum amount of ₹ 1 lakh to a maximum amount of ₹ 8 Lakh.