Business Loan Belgaum

Best Banks for Business Loan in Belgaum

Business Loan in Belgaum Features

• Business Loan Belgaum 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 protection
• Reasonable Interest Rate starts at 10.45% per annum.
• Loan Tenure ranging from 12 – 48 months
• No foreclosure/ part closure shall be accepted during the first six 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 Belgaum Interest Rates

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

Business Loan in Belgaum Documents Required

Salaried Applicants:

1. PAN Card of the applicant for getting a Business Loan.
2. Residence Proof required (Owned/Rented/Company provided) for loans.
3. Two Passport-sized photographs
4. Identity proof necessary for the Business Loan Belgaum (Aadhar card/driving license/Voter Id)
5. Salary slips of the last three months of the applicant are required.
6. Bank statements for the previous 6 months of the applicant applying for a Business Loan.

*NOTE: In case of rented accommodations, the rental agreement must be attached.

Self-Employed Applicants:

1. Aadhar Card
2. Residence Proof( Current and Permanent) is required for applying.
3. Two passport-sized photographs
4. All financials are required of the candidate(Balance Sheet, P&L Statement as well as ITR files).
5. PAN Card is mandatory

Business Loan in Belgaum Eligibility Criteria

Salaried Applicants

1. The work location of the applicant should also be mentioned.
2.  A borrower should have a minimum earning of INR 25,000/month
3. The minimum age of the consumer must 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. Candidates should have an excellent credit history.

Self-Employed Applicants

1. The credit score of the applicants should be fair, and there must not be any debt left of the individual.
2. The yearly income of the individuals should be a minimum of Rs 2.5 lakh.
3. The whole documentation process of the business loan is that the candidates have to present 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 continuously.

How to apply for Business Loan in Belgaum?

1. Visit our website Dialabank
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 select their preferred city, according to their needs.
4. For more information on business loans and free assistance, you may call on 9878981166.

Processing Fees / Prepayment Charges on Business Loan in Belgaum

Every Bank and NBFC charges a fee for processing your Business Loan application. Business Loan Belgaum 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 period of 12 months from the date of availing the loan. After that, the prepayment charges will depend on how many years the loan has done.

The prepayment charges on Business Loan in Belgaum 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 Belgaum

CIBIL Score required for Business Loan Belgaum

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

Apart from the CIBIL score, the foundations look for the problematic behaviour on the previous loans taken. This includes the type of loan you have taken and the loan amount borrowed. Any late payments of earlier loans can act as an obstacle to your availing of a new loan.

Business Loan Belgaum Agents/Broker

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

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

Business Loan Belgaum Contact Number

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

Pre-Calculated EMI Table for Business Loan Belgaum

About Belgaum

Belgaum is a municipality in the Indian state of Karnataka established in its northern part along the Western Ghats. It is the official headquarters of the eponymous Belgaum division.