Business Loan Gwalior

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Best Banks for Business Loan in Gwalior

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 Gwalior Features

Business Loan Gwalior provides an Overdraft means without any security.
Avail of credit up to Rs. Forty lakhs (up to Rs. 50 lakhs in some selected areas) without any warranty.
Tenure ranging from 12-48 months.
Vey less Rate of Interest @10.45% p.a.
No Foreclosure/part Closure shall be permitted during the first six months of the limit setting.
Evaluate your Business Growth Loan eligibility online or at any department in just 60 seconds.
Credits will be paid based on the prior payment of home loans, auto loans, and credit cards.

Business Loan in Gwalior 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 Gwalior Documents Required

Salaried Customers:

PAN Card.
Residence Documentation (Owned/Rented/Company provided).
Passport-sized photos–2.
Identity documentation needed for the Business loan Gwalior(Aadhar card/driving license/Voter Id)
Payslips of the last three months of the candidate.
Bank statements for the previous six months.

*NOTE: In the case of rented houses, the rent agreement needs to be connected.

Self-Employed Customers:

Aadhar Card
Residence verification( Current and Permanent)
Two passport-sized photos of the person.
All financial documents of the customer(Balance Sheet, P&L Statement, as well as ITR files).
PAN Card

Business Loan in Gwalior Eligibility Criteria

Salaried Applicants:

The job position of the candidate should also be mentioned.
A borrower should also have the least pay of INR 25,000 per month.
The least age of the body 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.
Applicants must have an attractive credit history.

Self-Employed Applicants:

The credit score of the individual appellants should be fair, and there should not be any debt or dues left of the individual.
The annual income of the applicants should be a least of Rs 2.5 lakh.
The whole documentation process of the Business loan is that the candidates have to present their business and bank statements of the previous three months.
The least age for a candidate 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 operating from the prior three years continuously.

How to Apply for Business Loan in Gwalior?

Please tour our website Dialabank
Go to the loan section on the page and click on the Business loan part.
The candidate will address you all the details of the Business loan where they can pick their favoured city, according to their needs.
For more information on Business loans and free administration, you may call on 9878981166.

Processing Fees / Prepayment Charges on Business Loan in Gwalior

Every Bank and NBFC imposes a fee for processing your loan request. Processing Fees required by the Bank or NBFCs on Business Loan Gwalior is up to 2.50% of the loan amount.

If you close your loan before the secured loan tenure in the documents, every lending company prices you a penal prepayment fee for the loan period agreed beforehand. In most circumstances, you cannot pay 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 prices 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 Gwalior

CIBIL Score Required for Business Loan Gwalior

Every lending institution has its criteria for the least CIBIL score required for processing Business Loan demand Gwalior. Most organisations need the least score of CIBIL of 750 to process your loan application.

The companies don’t just look at the overall score but also the exact answer on the previous loans taken. This includes specifications on the type of loan taken and the sum obtained. Any delayed adjustments for past loans can act as an obstacle to your availing a new loan.