Business Loan Chhindwara

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Best Banks for Business Loan in Chhindwara

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 Chhindwara Features

The wealth which is given by the banks to the professional businessmen for establishing their business is identified as a Business Loan Chhindwara.

Business Loan Chhindwara is the most suitable solution to obtain relief from all of the business difficulties at once without much hassle. They provide financial support through the loan to improve the business with the least documents requirement and to help you enjoy a good status in the industry you work with Dialabank.

There are two categories of these loans. One is a secured loan and the latter is an unsecured loan. Secured Loans need security in form of property or a newly bought asset, whereas unsecured loans do not require any such security.

Business Loan in Chhindwara 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 Chhindwara 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 Proof for verification (Aadhar Card/ Driving License)
Financial documents for verification (Balance Sheet, Profit and Loss Statement and Income Tax Return records).

Business Loan in Chhindwara 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 candidate is eligible to apply.
The minimum age of twenty-one years and a maximum of sixty years to avail of 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 candidates.
The yearly earnings of the candidate should be at least Rs 2.5 lakh are eligible candidates.
The company should be in operation for the past three years in continuous terms are eligible candidates.
The minimum age of the candidate should be 25 years when applying for a 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 qualified candidates.

How to Apply for Business Loan Chhindwara?

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 supervision, contact us on 9878981166.

Processing Fees / Prepayment Charges on Business Loan Chhindwara

All Banks and NBFCs charge you a processing fee for your Business loan Chhindwara application.

If you end your loan before the decided loan period, the lending institution charges a penalty payment fee for the same. Generally, it is not allowed to conclude your loan before one year from the date of receiving. The charges differ as per the time period your credit has been terminated before.

The prepayment charges on Business Loan in Chhindwara city are as mentioned below for you:

07-24 Months – 4% of the Principal Outstanding
25-36 Months – 3% of the Principal Outstanding
>36 Months – 2% of the Principal Outstanding

Business Loan EMI Calculator Chhindwara