Business Loan Ferozepur

Best Banks for Business Loan in Ferozepur

Business Loan Ferozepur Features

• The most attractive interest rate provided by the bank on a business loan is 10.45%
• The loan amount that can be availed without collateral is 40lakhs(50 lakhs in some particular cases).
• The duration of loans can vary from 12 to 48 months of time duration.
• The business loan Ferozepur provides the overdraft without any security.
  
• No Foreclosure/part Closure shall be permitted during the first six months of the limit setting.
• The Business growth loan can be checked both online and offline within a time duration of 1 minute.
• Loans will be paid based on the previous payment of home loans, auto loans, and credit cards.

Business Loan Ferozepur Interest Rates

Business Loan in Ferozepur Documents Required

Salaried Customers:

• Proof of a character is needed by the Business loan (Aadhar card/driving license/Voter Id)
• The passport-sized colored pictures, at least two.
• Proof of address an applicant (Owned/Rented/Company provided) for loans.
• The PAN Card of a candidate.
• The recent three months payslips.
• 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 Ferozepur Eligibility Criteria

Salaried Applicants:

• The job position of the applicant should also be mentioned.
• An applicant should at least salaried by INR 25000 per month.
• The minimum age of an applicant should be 21 years and a maximum of 60 years are acceptable.
• Work experience of the three years and the payroll should also be received in their accounts only.
• Candidates must have a required credit score.

Self-Employed Applicants:

• The candidate should have a good credit history and should not have any debt left.
• The annual salary of the applicants should be a least of Rs 2,50,000.
• The bank statements of three months should be given for the documentation.
• A candidate should be 25 years for availing a loan.
• 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 3 years continuously.

How to Apply for Business Loan Ferozepur?

1. Visit our website Dialabank
2. Go to the loan part on the page and click on the Business loan section.
3. The applicant will address you all the details of the Business loan where they can choose their favored city, according to their needs.
4. For more information on Business loans and free administration, you may call on 9878981166.

Processing Fees / Prepayment Charges on Business Loan Ferozepur

The fee charged by every bank in order to avail of a client loan is the processing fee. The processing fee for business loan Ferozepur is up to 2.50% of the loan amount.

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 done. The Prepayment charges are mentioned below:

• 07months- 2years – 4% of Principal Outstanding
• 25-36 Months – 3% of Principal Outstanding
• >36 Months – 2% of Principal Outstanding

Business Loan Ferozepur 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 Ferozepur Contact Number

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

Pre Calculated EMI Table for Business Loan Ferozepur

About Ferozepur

Ferozepur is situated on the banks of the River Satluj of the state of Punjab.

Major localities in Ferozepur for availing Business Loan