Best Banks for Business Loan in Gangtok
1% - 2.5% of the Loan Amt
Business Loan in Gangtok Features
For self-business aspirants, financial shortages often become a barrier on the journey to becoming a business tycoon. Everybody needs a reliable money source that approves required money in a short duration.
Dialabank brings you the Business Loan that supports your idea of setting up a business.
- Business Loan Gangtok provides the borrower with an efficient overdraft facility that gives the customer independence to invest as much as is required.
- You get the Smart Interest Rates @10.45% p.a.
- Approve a Business Loan of up to 40 lakh that helps you grow your business.
- You get the perks of flexible loan tenures.
- Such loans are easy to avail of with just a click and you are few steps away from your financial help.
- Pre-closing and post-tenure repayments shall not be considered by the financial institutions.
- Along with basic paperwork, you require a good credit score for Business loan Gangtok approval.
Business Loan in Gangtok 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 Gangtok Documents Required
Essential Documents required for Business Loan Gangtok are:
Salaried Customers:
- PAN Card: that belongs to the borrower
- Proof of Identity: Adhar Card that verifies the customer’s identity
- Proof of Identity: (Aadhar card/driving license/Voter Id)
- Passport-sized: photos–2 of the applicant.
- Salary Slips: for the last three months of the candidate is also required.
- Bank statements: for the past 6 months of the applicant.
*NOTE: In the case of rented houses, a rent agreement needs to be attached.
Self-Employed Customers:
- Identity proof: Adhar Card of the applicant.
- Residence verification: (Current and Permanent) is needed for applying.
- Photographs: 2 passport sized photographs of the applicant.
- Financial documents: belonging to the applicant (Balance Sheet, P&L Statement as well as ITR files).
- PAN Card: It is mandatory for applying.
Business Loan in Gangtok Eligibility Criteria
The necessary criteria for availing Business Loan Gangtok:
Salaried Applicants:
- The designation of the applicant in operating employment should be specified in the given documents.
- The aspirant must have documented proof of employment for the past three years with regular payrolls.
- A borrower should also have the least income of INR 25,000 per month.
- Candidates shall possess a clear credit history.
- The least age of the person should be either 21 years or a maximum of 60 years.
Self-Employed Applicants:
- The credit score of the candidate should be acceptable and no dues pending from past loans.
- The income of the applicant on yearly basis should be a minimum of Rs 2.5 lakh.
- The applicant must possess the papers relating to financial statements.
- The company should be running for the prior three years consistently.
- The minimum age of the applicant should belong to the age group of 25 years.
- The applicants asking for the Business loan is needed to have a file of ITR for the last three years.
How to Apply for Business Loan in Gangtok?
- Visit our website Dialabank
- Navigate through the loan part on the page and click on the Business loan section.
- Check the page thoroughly and select the city of your choice from the drop-down list.
- For more information on Business loans and free administration, you may call on 9878981166.
Processing Fees / Prepayment Charges on Business Loan in Gangtok
When we talk about loan processing and approval, every loaning institute charges a certain amount of fee for loan processing that is called the processing fee. The processing fee is up to 2.50% of the total loan amount.
Pre-closure of the loan tenure in official documents, every lending company or institution charges you a penal prepayment fee for the loan period agreed prior.
Mostly, 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 Gangtok
Business Loan Gangtok Contact Number
Call 9878981166 and get instant help and approval for availing Business Loan Gangtok on our website Dialabank.
Pre Calculated EMI Table for Business Loan Gangtok