Business Loan Ambala

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Best Banks for Business Loan in Ambala

Feature	HDFC Bank	Private 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 Ambala Features

Do you wish to start your venture? Do Financial constraints keep you from accomplishing your goals? Congratulations! You’ve reached your destination to a perfect start to your start-up with the help of Business Loan Ambala.

Business Loan Ambala gives an Overdraft facility without any security.
Avail of a loan up to Rs 40 lakhs (up to Rs 50 lakhs in some selected areas) without any security.
Flexible tenure ranging from 12-48 months.
Attractive Interest Rates @10.45% p.a.
Pre-closing and post-tenure repayments are not permitted by any financial institution.
Such loans are easy to avail just a click and you are few steps away from your financial help.
The Loan Amount is dependent on the history of payments whether credit or debit.

Business Loan in Ambala 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

Private 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 Ambala Documents Required

Essential Documents required for Business Loan Ambala are:

Salaried Customers:

Residential Proof can be Owned/Rented/Company provided for loans.
PAN Card belonging to the applicant.
Passport-sized photos–2 of the applicant.
Proof of Identity (Aadhar card/driving license/Voter Id)
Payslips of the last three months of the candidate is also required.
Bank statements for the past 6 months of the applicant.

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

Self-Employed Customers:

The applicant’s Adhaar Card is for identity verification purposes.
Residence verification( Current and Permanent) is needed for applying.
Photographs- 2 passports sized photographs of the applicant.
All financial documents belonging to the applicant (Balance Sheet, P&L Statement as well as ITR files).
PAN Card is mandatory for applying.

Business Loan in Ambala Eligibility Criteria

The necessary criteria for availing Business Loan Ambala:

Salaried Applicants

The designation of the applicant in operating employment needs to be mentioned.
A borrower should also have the least income of INR 25,000 per month.
A min work experience of three years is required with proof of the regular payrolls in a personal bank account.
The least age of the person should be either 21 years or a maximum of 60 years.
Candidates possess to have an excellent credit history.

Self-Employed Applicants

The credit score of the candidate should be acceptable and no dues pending from past loans.
The annual income of the applicants should be a minimum of Rs 2.5 lakh.
The applicant must possess the documents relating to financial statements.
The minimum age of the 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 for the prior three years continuously.

How to Apply for Business Loan in Ambala?

Visit our website Dialabank
Go to the loan part on the page and click on the Business loan section.
The applicant will address you all the details of the Business loan where they can choose their favoured city, according to their needs.
For more information on Business loans and free administration, you may call on 9878981166.

Processing Fees / Prepayment Charges on Business Loan in Ambala

Every Bank and NBFC charges a fee for processing your loan request. Processing Fees charged by the Bank or NBFCs on Business Loan Ambala is up to 2.50% of the loan amount.

If you close your loan before the accepted loan tenure in the documents, every lending company charges you a penal prepayment fee for the loan period agreed beforehand. 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 been 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 Ambala