Best Banks for Business Loan in Anakapalle
1% - 2.5% of the Loan Amt
Business Loan in Anakapalle Features
Business Loan Anakapalle provides an overdraft facility without any security- Get maximum loan amount up to Rs. 40 lakhs (up to Rs. 50 lakhs in some locations) without any security
- Business Loan Anakapalle offers a Reasonable Rate of Interest starts at 10.45% per annum
- Loan Tenure ranging from 12 – 48 months
- No foreclosure/ part closure will be accepted during the first 6 months of the limit setting
- No guarantor is required
- Check out your Business Loan eligibility online or at any branch in just 60 seconds.
- Loan disbursal depends on the previous repayment of home loans, auto loans, and credit cards.
Business Loan in Anakapalle Interest Rates
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Business Loan in Anakapalle Documents Required
Salaried Applicants:
- PAN Card of the candidate for getting a Business Loan.
- Residence Proof required (Owned/Rented/Company provided) for loans.
- Two Passport-sized photographs
- Identity proof required for the Business Loan Anakapalle (Aadhar card/driving license/Voter Id)
- Salary slips of the last three months of the applier are required.
- 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:
- Aadhar Card is needed to avail of the loan.
- Residence Proof( Current and Permanent) is required for applying.
- Two passport-sized photographs of the consumer applying for a loan.
- All financials are required of the applicant(Balance Sheet, P&L Statement as well as ITR files).
- PAN Card is mandatory
Business Loan in Anakapalle Eligibility Criteria
Salaried Applicants
- The job location of the consumer must also be mentioned.
- A borrower must have a minimum earning of INR 25,000/month
- The age of the applicant must be a 21 years minimum and a maximum of 65 years.
- Work experience of the three years and the income should get in their accounts only.
- Applicants should have an outstanding credit history.
Self-Employed Applicants
- The credit score of the individual should be good and there must not be any debt left.
- The yearly stipend of the candidates should be a minimum of Rs 2.5 lakh.
- The whole documentation process of the business loan is that the applicants have to present their financial and bank statements for the last three months.
- The minimum age for an individual must be 25 years.
- The applicants applying for the business loan should require to have a file of ITR for the last three years.
- For the businessmen, the business should be successfully functioning from the past three years.
How to apply for Business Loan in Anakapalle?
- Visit our website Dialabank
- Go to the loan section on the page and click on the link.
- The applicant will be directed to all the details of the business loan where they can select their preferred city, according to their needs.
- For more information on business loans and free assistance, you may call on 9878981166.
Processing Fees / Prepayment Charges on Business Loan in Anakapalle
Every Bank and NBFC charges a fee for processing your Business Loan application. Business Loan Anakapalle charges a processing fee of up to 2.50% of the loan amount.
If you wish 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 period of 12 months from the date of availing the loan. After that, the charges is dependent on how many years the loan has been done.
The prepayment charges on Business Loan Anakapalle 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 Anakapalle
Business Loan Anakapalle Contact Number
You can easily apply online for a Business Loan Anakapalle at Dialabank
Call 9878981166 and get instant help and approval for availing Business Loan Anakapalle.
Pre-Calculated EMI Table for Business Loan Anakapalle
About Anakapalle
Anakapalle is a town in Andhra Pradesh. It is very popular for its jaggery market and is ranked 2nd in terms of jaggery imports and exports. It is a famous business center in the region. Many people from the rural areas around the town cites of Anakapalle consider this as their destination for their shopping and medical needs.
Major Localities in Anakapalle for availing Business Loan
| Business Loan Guwahati | Business Loan Gaya |
| Business Loan Bongaigaon | Business Loan Chandigarh |
| Business Loan Samastipur | Business Loan Baddi |
| Business Loan Patna | Business Loan Ambala |
FAQs About Business Loan Anakapalle
✅ What are the minimum and maximum loan amounts I can get as a business loan Anakapalle?
The minimum loan amount offered in a business loan Anakapalle 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 Anakapalle?
The age limit is usually 21-65 years for availing of a business loan Anakapalle.
✅ What is the tenure period for business loan Anakapalle repayment?
You can repay the Anakapalle 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 Anakapalle may even extend the tenure period.
