Business Loan Hoshiarpur

Best Banks for Business Loan Hoshiarpur

Business Loan Hoshiarpur Features

Business loan helps in gearing up the business of an individual. Business loans can be used in a way for a particular business. In this type of loan, one does not need any asset to deposit as collateral with the bank.

Dialabank, the best financial helpline in India, is serving a business loan at a very affordable and low rate of interest.

Business Loan Hoshiarpur Interest Rates

Business Loan Hoshiarpur Documents Required

Salaried Customers:

• Mandatory Document – PAN Card
• Identity Proof – Aadhar card/ PAN Card/ Driving License
•  Passport-sized colored photos – 2 
• Address proof(Rental/ Owned) both permanent and current is important and needed as a residence verification during a loan.
• Salary slips – Last 3 working months.
• Bank statements –  Last 6 months.

Self-Employed Customers:

• Mandatory – PAN Card Copy is required for availing a business loan
• Aadhar Card Copy for availing of a business loan is mandatory for self-employed applicants.
•  passport-sized photos – 2 colored photographs are essential.
• Address Proof – Aadhar Card/ Driving License, both works as a proof of residence of an applicant
• Financial documents (Balance Sheet, Profit, and Loss Statement and Income Tax Return records).

Business Loan Hoshiarpur Eligibility Criteria

Salaried Applicants:

• A good Credit Score is required to be chosen by the bank.
• The current position of work suited by the applicant should be mentioned in an application for a Business loan.
• The minimum income of INR 25,000 per month of the applicant is required to apply for a business loan.
• The minimum age of twenty-one years and a maximum of sixty years is the eligibility to avail of the business loan.
• The least job experience of three years is required in any field and pay is to be held in the salary account of an applicant only.

Self-Employed Applicants:

• The CIBIL/ credit score should be clean and more than 700 in most of the cases with no debt or dues pending.
• The yearly earnings of the candidate should be at least Rs 2.5 lakh.
• The company should be in operation for the past three years continuously.
• The minimum age of the candidate should be 25 years when applying for a loan in your city.
• A record of Income Tax Records for the last three years is needed when applying for the loan.
• The complete documentation process requires bank and bank statements for the past three months.

How to Apply for Business Loan Hoshiarpur?

1. Visit the website of Dialabank.
2. Go to the loan section and click on Business Loan.
3. Fill in details appearing on the form as per your own city.

For further information and free guidance, contact us on 9878981166.

Processing Fees / Prepayment Charges on Business Loan Hoshiarpur

Almost every bank and loaning institute charges a fee for processing your Business loan. Processing Fees charged by the Bank or NBFCs on Business Loan is charged on the amount of the loan availed by you. This is an essential part of loan advancement.

If you settle your loan before the fixed loan period, you need to pay a penalty payment fee for the same. It should be less than at least a year. The Prepayment charges are explained 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 Hoshiarpur

Business Loan Hoshiarpur Contact Number

Contact 9878981166 for immediate relief and approval of your Business Loan or any of the other cities.

Pre Calculated EMI Table for Business Loan Hoshiarpur