Best Banks for Business Loan in Varanasi
1% - 2.5% of the Loan Amt
Business Loan in Varanasi Features
Finances play a significant role to keep a business running. But we don’t always have sufficient funds to keep the business afloat. Business loans help you get through such situation. Business Loan Varanasi provides you with required funds to get your business in odd times. Dialabank brings you the Business Loan that supports your idea of setting up a business. The candidate can easily get a Business Loan of up to 40 lakh that helps you grow your business. The Interest Rates are 10.45% p.a. The Loan tenures are customer-friendly that is suitable for the borrower.
- Business Loan
Varanasi provides the borrower with a privilege i.e. overdraft facility that liberalizes the amount limitations. - Business Loans are the simplest loan that you can easily avail in a few simple steps that make the financial help available for you.
- No institution permits any sort of pre-closing and post-tenure repayment in an ongoing loan.
- In addition to the basic testament, you require a good credit score for Business loan Varanasi approval.
Business Loan in Varanasi Interest Rates
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Business Loan in Varanasi Documents Required
Essential declarations required for Business Loan Varanasi are:
Salaried Customers:
- Candidate’s PAN Card is required for loan approval
- An Adhar Card that verifies Proof of Identity is required
- 2 Passport-sized Photographs of the applicant is mandatory
- Last three month’s Salary Slips of the candidate is obligatory
- Up to six month’s Bank statements of the applicant
*NOTE: In case of rented houses, rent agreement is compulsory to attach.
Self-Employed Customers:
- Adhar card is used as the Identity proof
- (Current and Permanent) legal address is needed for Residence verification
- Financial documents: that belong to the applicant (Balance Sheet, P&L Statement as well as ITR files).
- Photographs: 2 passports sized photographs.
- PAN Card: It is obligatory while applying for Business Loan in Varanasi.
Business Loan in Varanasi Eligibility Criteria
The must criteria for availing Business Loan in Varanasi:
Salaried Applicants
- The job position of the applicant in operating employment should be specified in the given documents.
- The candidate must possess documented proof of employment for the past three years with regular payrolls.
- A borrower should also earn a min income of INR 25,000 per month.
- Candidates should have a clear credit history.
- The least age of the person should lie between 21 years to a maximum of 60 years.
Self-Employed Applicants
- The minimum age criteria for the applicant is 25 years.
- The applicant is needed to have a satisfactory credit history.
- The income of the applicant annually basis should be a minimum of Rs 2.5 lakh.
- The applicant must attach all financial statements that belong to him/her.
- The company should be operating from the prior three years consistently.
- 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 Varanasi?
- Visit us on our website Dialabank
- Choose the loan part on the page and go to the Business loan section.
- Check out the page and select the city of your choice from the drop-down list.
- For any administrative or processing assistance you may call on 9878981166.
Processing Fees / Prepayment Charges on Business Loan in Varanasi
A business Loan is inclusive of a certain fee that is charged while getting the amount processed from any establishment that permits a Business Loan that is known as Processing Fee. Every Loaning institute charges a moderate fee of up to 2.50% from the total loan amount.
In case of Pre-closing of the loan tenure, every lending company or institution charges you a penal prepayment fee for the loan period which is approved prior.
Mostly, the individuals are not allowed to settle the loan before 12 months from the date of availing the loan. After which the charges also contradict depending on how many years the credit has done.
The Prepayment charges for Business Loan in Varanasi are given 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 Varanasi
Business Loan Varanasi Contact Number
Call 9878981166 and get instant help and for further loan processing Business Loan Varanasi on our website Dialabank.
Pre Calculated EMI Table for Business Loan Varanasi
FAQs About Business Loan Varanasi
✅ What are the minimum and maximum loan amounts I can get as a business loan Varanasi?
The minimum loan amount offered in a business loan Varanasi is Rs. 5,000 and the maximum loan amount can extend up to Rs. 2 crores, depending on the requirements and eligibility.
✅ What is the age limit of availing a business loan Varanasi?
The age limit is usually 21-65 years for availing of a business loan Varanasi.
✅ What is the tenure period for business loan Varanasi repayment?
You can repay the Varanasi loan amount in a minimum of 12 months and a maximum of up to 5 years, depending on the respective bank or NBFC. Some institutes in Varanasi may even extend the tenure period.
