Best Banks for Business Loan Anand
1% - 2.5% of the Loan Amt
Business Loan Anand Features
- No security requirement: Business loans do not need to pledge any collateral to the bank.
- For every business needs: Business Debt can be used for almost every business purpose without knowing the reason for availing the loan.
- Less processing time: Business debt takes less time to get approved.
- Less paperwork involved: Business Finance requires only a small set of documents like ITR proof and turnover.
- Easily available: A business loan requires only 5-7 days to get approved.
Business Loan Anand Interest Rates
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Business Loan Anand Documents Required
Salaried Customers:
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PAN Card of the individual making use of the loan from the company.
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Residence Proof required for loans (Owned / Rented / Company provided).
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Passport-sized pictures-2.
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Identity evidence required by the Anand Business Loan (Aadhar Card / Driving License / Voter I d)
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The applicant‘s payslips for the last three months are also required.
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Bank statements of the person applying for a loan for the previous 6 months.
*NOTE: In the case of rented houses, a rent agreement needs to be attached.
Self-Employed Customers:
- Aadhar Card
- Residence verification( Current and Permanent) is needed for applying.
- 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.
Business Loan in Anand Eligibility Criteria
Salaried Applicants
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It should also note the applicant’s job position.
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The lowest salary of INR 25,000 per month should also be for a borrower.
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An individual should have a minimum age of 21 years and a maximum age of 60 years.
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Job experience of the three years and the payroll should also be earned in their accounts only.
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Candidates must have an outstanding history of credit.
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 whole documentation method of the Business loan is that the applicants have to present their financial and bank statements of the previous three months.
- 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 for the prior three years continuously.
How to Apply for Business Loan in Anand?
- Visit our website Dialabank
- Go to the loan part on the page and click on the Business loan section.
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The borrower will provide you with all the details of the business loan, where they can pick 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 Anand
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 Anand
Business Loan Anand Contact Number
Call 9878981166 and get instant help and approval for availing of Business Loan Anand.
Pre Calculated EMI Table for Business Loan Anand