Business Loan Hosur

Best Banks for Business Loan Hosur

Business Loan Hosur Features

In order to start a business or expand a business, an individual must seek financial support and dependence. Nothing is better than a Business loan for an entrepreneur. A business loan helps an individual to avail capital that he can use in his business with a low rate of interest. Also, without depositing any kind of collateral as a security to 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 Hosur Interest Rates

Business Loan Hosur Documents Required

Salaried Customers:

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

Self-Employed Customers:

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

Business Loan Hosur 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 Hosur?

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 Hosur

A processing fee is an amount charged by almost every bank from an applicant in order to process the loan for them. Processing Fees charged by the Bank or NBFCs on Business Loan is charged on the amount of the loan that an applicant is willing to avail. 

If you settle your loan before the fixed loan period, you need to pay a penalty payment fee for the same. Such type of charge by the bank s called the prepayment charge. 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 Hosur

Business Loan Hosur 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 Hosur