Best Banks for Business Loan Faizabad
1% - 2.5% of the Loan Amt
Business Loan Faizabad Features
- The amount of around 40 lakhs to 50 lakhs don’t need collateral by an individual to avail of a loan.
- The time span of a loan can be varied from three years to four years.
- Rate of Interest @10.45% p.a.is generally provided by Dialabank
- No Foreclosure/part Closure shall be permitted during the first six months of the limit setting.
- Review your Business Growth Loan eligibility online or at any office in just a minute.
- Loans will be paid based on the previous payment of home loans, auto loans, and credit cards.
Business Loan Faizabad Interest Rates
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Business Loan in Faizabad Documents Required
Salaried Customers:
- PAN Card of an applicant is required.
- Proof of residence of an applicant (Owned/Rented/Company provided) for loans.
- Two Passport-sized photos.
- Identity proof needed by the Business loan Ahmednagar (Aadhar card/driving license/Voter Id)
- Payslips of the last three months of the candidate is also required.
- Bank statements for the previous 6 months of the person who is asking for a loan.
*NOTE: In case of rented houses, rent agreement needs to be attached.
Self-Employed Customers:
- Aadhar Card of an applicant
- Address proof( 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 Faizabad Eligibility Criteria
Salaried Applicants:
- The job position of the applicant should also be mentioned.
- An applicant should at least earn 25000 per month to be eligible.
- The minimum age of an applicant should be 21 years and a maximum of 60 years.
- Work experience of the three years and the payroll should also be received in their accounts only.
- Candidates must have an excellent credit history.
Self-Employed Applicants:
- The candidate should have a good credit score and should not have any debt left.
- 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 minimum age of an applicant 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 from the prior three years continuously.
How to Apply for Business Loan in Faizabad?
- Visit our website Dialabank
- Go to the loan part on the page and select the Business loan section of the website.
- The applicant will address all the details of the Business loan where they can choose their favoured city they want to avail the loan from, according to their comforts.
- For more information on Business loans and free administration, you may call on 9878981166.
Processing Fees / Prepayment Charges on Business Loan in Faizabad
The fee charged by every bank in order to avail of a client loan is the processing fee. The processing fee for a business loan is generally 2.50% of the loaning out by the bank from the applicant.
It is possible to end the loan tenure before the fixed time but then the banks charge a pre-payment penalty fee from the customer. 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 Faizabad
Business Loan Faizabad Agents/Broker
Dialabank is the best agent for availing Business Loan.
You can simply apply online at Dialabank or give a bell at 9878981166.
Business Loan Faizabad Contact Number
Call 9878981166 and get instant help and approval for availing Business Loan Pune.
Pre Calculated EMI Table for Business Loan Faizabad
Major localities Faizabad for availing Business Loan
Business Loan Nagpur | Business Loan Latur |
Business Loan Nashik | Business Loan Kolhapur |
Business Loan Nanded | Business Loan Jalna |
Business Loan Pune | Business Loan Jalgaon |