Best Banks for Business Loan in Bhubaneswar
1% - 2.5% of the Loan Amt
Business Loan in Bhubaneswar Features
There are a large number of small and large scale industries which require financial aid for a successful business plan. The ultimate business guide can be provided with the help of a Business Loan Bhubaneswar, which can be applied by writing a simple formal application without giving any lengthy details. We present the idea of unsecured debts for getting financed with convenient processing of documents without any collateral. We provide Business Loan Bhubaneswar with the least documents to help you enjoy a good status in the industry you work for! Dialabank, the best financial helpline of India, lend a helping hand by providing money and is an NBFC for acquiring unsecured debts and getting financed with convenient processing of documents.
Business Loan in Bhubaneswar Interest Rates
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Business Loan in Bhubaneswar Documents Required
Salaried Applicants:
- PAN Card Copy
- Identity Verification Proof
- Two Passport-sized photos
- Proof of Residence (Rental/ Owned)
- Slips of pay for the last three months
- Bank statements for the previous six months
Self-Employed Applicants:
- PAN Card Copy
- Aadhar Card Copy
- Two passport-sized photos
- Residence Verification Proof (Aadhar Card/ Driving License)
- Financial documents (Balance Sheet, Profit and Loss Statement and Income Tax Return records).
Business Loan in Bhubaneswar Eligibility Criteria
Salaried Applicants:
- Excellent credit history of the candidate is required while applying for the loan.
- The work position of the candidate should be stated while applying for the loan.
- The minimum income of INR 25,000 per month of the applicant is required to apply.
- The minimum age of twenty-one years and a maximum of sixty years to avail the loan.
- The least job experience of three years and pay to be held in the candidate account.
Self-Employed Applicants:
- The CIBIL/ credit score should be clear with no debt or dues pending are eligible people.
- The yearly earnings of the candidate should be at least Rs 2.5 lakh are eligible people.
- The company should be in operation from the past three years in continuous terms are eligible people.
- The minimum age of the candidate should be 25 years when applying for the loan in your city.
- A record of Income Tax Records for the last three years is needed when applying for the loan.
- The complete documentation process requires bank statements for the past three months are eligible people.
How to Apply for Business Loan Bhubaneswar?
- Visit the website of Dialabank.
- Go to the loan section and click on Business Loan.
- Fill in details appearing on the form as per your own place respectively.
For further information and free guidance, contact us on 9878981166.
Processing Fees / Prepayment Charges on Business Loan in Bhubaneswar
All Banks and NBFCs charge a processing fee for your Business loan Bhubaneswar application.
If you end your loan before the decided loan period, the lending organization charges a penalty payment fee for the same. Mostly, it is not allowed to close your loan before one year from the date of obtaining. The charges differ as per the time period your credit has been terminated before.
The prepayment charges on Business Loan in Bhubaneswar are as 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 Bhubaneswar
Business Loan Bhubaneswar Contact Number
Contact 9878981166 for immediate help and approval of your Business Loan Bhubaneswar or any other city.
Pre Calculated EMI Table for Business Loan Bhubaneswar
Other Business Loan Cities In India
Business Loan Chennai | Business Loan Mahbubnagar |
Business Loan Warangal | Business Loan Kothagudem |
Business Loan Ramagundam | Business Loan Kodad |
Business Loan Nizamabad | Business Loan Khammam |
FAQs About Business Loan Bhubaneswar
✅ What are the minimum and maximum loan amounts I can get as a business loan Bhubaneswar?
The minimum loan amount offered in a business loan Bhubaneswar 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 Bhubaneswar?
The age limit is usually 21-65 years for availing of a business loan Bhubaneswar.
✅ What is the tenure period for business loan Bhubaneswar repayment?
You can repay the Bhubaneswar 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 Bhubaneswar may even extend the tenure period.