Business Loan Itanagar

Best Banks for Business Loan in Itanagar

Business Loan in Itanagar Features

• Business Loan Itanagar provides an overdraft facility without any security
• Avail loan amount up to Rs. 40 lakhs ( up to Rs. 50 lakhs in some locations) without any security
• Business Loan Itanagar offer a reasonable Rate of Interest starts at 10.45% per annum
• Loan Tenure ranging from 12 – 48 months
• No foreclosure/ part closure will be accepted during the first 6 months of the limit setting
• No guarantor is required
• Examine your Business Loan eligibility online or at any branch in 60 seconds.
• Loan disbursal depends on the previous repayment of home loans, auto loans, and credit cards.

Business Loan in Itanagar Interest Rates

To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates

Business Loan in Itanagar Documents Required

Salaried Applicants:

1. PAN Card of the applicant for getting a Business Loan.
2. Residence Proof required (Owned/Rented/Company provided) for loans.
3. Two Passport-sized photographs
4. Identity proof required for the Business Loan Itanagar (Aadhar card/driving license/Voter Id)
5. Salary slips of the last three months of the applier are required.
6. Bank statements for the last 6 months of the person applying for a Business Loan.

*NOTE: In the case of rented houses, the rental agreement must be attached.

Self-Employed Applicants:

1. Aadhar Card is needed to avail of the loan.
2. Accommodation Proof( Current and Permanent) is required for applying.
3. Two passport-sized photographs of the consumer applying for a loan.
4. All financials are required of the applicant(Balance Sheet, P&L Statement as well as ITR files).
5. PAN Card is mandatory

Business Loan in Itanagar Eligibility Criteria

Salaried Applicants:

1. The job location of the applicant must also be mentioned.
2.  A borrower should have a minimum earning of INR 25,000/month
3. The minimum age of the applicant should be 21 years and a maximum of 65 years.
4. Work experience of the three years and the income should get in their accounts only.
5. Applicants should have an outstanding credit history.

Self-Employed Applicants:

1. The credit score of the individual should be good and there must not be any debt or dues left.
2. The yearly stipend of the candidates should be a minimum of Rs 2.5 lakh.
3. The whole documentation process of the business loan is that the applicants have to present their financial and bank statements for the previous three months.
4. The minimum age for an independent person must be 25 years.
5. The applicants applying for the business loan should require to have a file of ITR for the last three years.
6. For the businessmen, the business should be continuously functioning for the past three years.

How to apply for Business Loan in Itanagar?

1. Visit our website Dialabank
2. Go to the loan section on the page and click on the business loan link.
3. The applicant will be directed to all the details of the business loan where they can select their preferred city, according to their needs.
4. For more information on business loans and free assistance, you may call on 9878981166.

Processing Fees / Prepayment Charges on Business Loan in Itanagar

Every Bank and NBFC charges a fee for processing your Business Loan application. Business Loan Itanagar charges a processing fee of up to 2.50% of the loan amount.

If you desire to close your loan before the agreed loan tenure in the documents, every lending institution charges you a penal prepayment fee for the loan duration agreed earlier. In most cases, you cannot close the loan before 1 year from the date of availing the loan. After that, the charges depend on how many years the loan has been done.

The prepayment charges on Business Loan Itanagar are:

• 07-24 Months – 4% of Principal Outstanding
• 25-36 Months – 3% of Principal Outstanding
• For more than 36 months, the charges up to 2% of Principal Outstanding

Business Loan EMI Calculator Itanagar

Business Loan Itanagar Contact Number

You can easily apply online for a Business Loan Itanagar at Dialabank.

Call 9878981166 and get instant help and approval for availing of Business Loan Itanagar.

Pre-Calculated EMI Table for Business Loan Itanagar

Major Localities in Itanagar for availing Business Loan