Best Banks for Business Loan in Hanumangarh
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 Hanumangarh Features
- The loans are available up to Rs. 40 lakhs without any security.
- The loans are available at a @10.45% rate of interest.
- Business Loan Hanumangarh gives an Overdraft facility without any security.
- Overdraft Facility is available up to Rs.5 Lac – 15 Lac*(Terms and Conditions apply).
- At some locations, the loans are available up to Rs. 50 lakhs without any security.
- You can check your Business growth Loan eligibility online or at any branch in just 60 seconds.
- Flexible tenures are available. The tenures are ranging from 12-48 months.
- Tax benefits are also applicable as per laws.
- No guarantor/security is required.
Business Loan in Hanumangarh 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 Hanumangarh Documents Required
Salaried Customers:
- Any of the following as Identity proof:
- Aadhaar Card
- Passport
- Voter’s ID Card
- PAN Card
- Driving License
- A copy of any of the following documents as address proof:
- Aadhaar Card
- Passport
- Voter’s ID Card
- Driving License
- Two passport-sized photographs are required.
- Payslips of the last three months of the candidate is also required.
- Bank statements for the last 6 months.
*NOTE: In case of rented houses, rent agreement needs to be attached.
Self-Employed Customers:
- PAN Card is compulsory for applying.
- Two passport-sized photos of the applicant are required.
- Aadhar Card as identity proof.
- Residence verification( Current and Permanent) is required for applying.
- All financial documents are required of the customer(Balance Sheet, P&L Statement as well as ITR files).
Business Loan in Hanumangarh Eligibility Criteria
Salaried Applicants
- The minimum age of the applicant should be 21 years.
- The maximum age of the applicant should be 60 years.
- The minimum income of the applicant should be INR 25,000 per month.
- The job position of the applicant should be mentioned.
- Candidate must have a decent credit history.
- Work experience of the three years and the payroll should also be received in their accounts only.
Self-Employed Applicants
- The annual income of the applicants should be a least of Rs 2.5 lakh.
- The minimum age of the applicant should be 25 years.
- Individuals who have been in the current business for a minimum of 3 years are eligible.
- The credit score of the individual candidates should be fair, and there should not be any debt or dues left of the individual.
- The whole documentation method of Business loan Hanumangarh is that the applicants have to present their financial and bank statements of the previous three months.
How to Apply for Business Loan in Hanumangarh?
- Visit our website Dialabank
- Go to the loan part on the page and click on the Business loan section.
- The applicant will address all the details of the Business loan Hanumangarh and also they can choose their favored 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 Hanumangarh
Every Bank and NBFC charges a fee for processing your loan request. Processing Fees charged by the Bank or NBFCs on Business Loan Hanumangarh is up to 2.50% of the loan amount.
If you close your loan before the accepted loan tenure in the documents, every lending company charges you a penal prepayment fee for the loan period agreed beforehand. 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:
- 07-24 Months – 4% of Principal Outstanding
- 25-36 Months – 3% of Principal Outstanding
- >36 Months – 2% of Principal Outstanding
Business Loan EMI Calculator Hanumangarh
Business Loan Hanumangarh Contact Number
Call 9878981166 and get instant help and approval for availing Business Loan Hanumangarh.
Pre Calculated EMI Table for Business Loan Hanumangarh
Rate |
5 Yrs |
4 Yrs |
3 Yrs |
10.50% |
2149 |
2560 |
3250 |
11.00% |
2174 |
2584 |
3273 |
11.50% |
2199 |
2608 |
3297 |
12.00% |
2224 |
2633 |
3321 |
12.50% |
2249 |
2658 |
3345 |
13.00% |
2275 |
2682 |
3369 |
13.50% |
2300 |
2707 |
3393 |
14.00% |
2326 |
2732 |
3417 |
14.50% |
2352 |
2757 |
3442 |
15.00% |
2378 |
2783 |
3466 |
Major localities offering 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 |