Best Banks for Business Loans in Jammu
1% - 2.5% of the Loan Amt
Business Loan in Jammu Features
- Business Loan Jammu gives an Overdraft convenience without any security.
- Avail of a loan up to Rs. Forty lakhs (up to Rs. 50 lakhs in some selected areas) without any protection.
- Tenure fluctuating from 12-48 months.
- Attractive Rate of Interest @10.45% p.a.
- No Foreclosure/part Closure shall be sanctioned during the first six months of the limit setting.
- Evaluate your Business Growth Loan eligibility online or at any office in just 60 seconds.
- Loans will be adjusted based on the previous payment of home loans, auto credits, and credit cards.
Business Loan in Jammu Interest Rates
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Business Loan in Jammu Documents Required
Salaried Customers:
- PAN Card of the personality availing the Business loan.
- Residence Proof wanted(Owned/Rented/Company provided) for loans.
- Passport-sized images–2.
- Identity verification required by the Business loan Jammu (Aadhar card/driving license/Voter Id)
- Payslips of the last three months of the applicant is also asked.
- Bank statements for the past six months of the person who is asking for a loan.
*NOTE: In case of rented houses, rent arrangement needs to be attached.
Self-Employed Customers:
- Aadhar Card
- Residence confirmation(Current and Permanent) is required for applying for Business Loans.
- Two passport-sized photos of the person asking for a loan.
- All financial records are needed of the consumer(Balance Sheet, P&L Statement as well as ITR files).
- PAN Card is required for applying.
Business Loan in Jammu Eligibility Criteria
Salaried Applicants:
- The job position of the candidate should also be considered.
- A borrower should also have the least income of INR 25,000 per month.
- The least age of the person should be 21 years plus a maximum of 60 years.
- Work experience of the three years and the payroll should also be permitted in their accounts only.
- Candidates must have an excellent credit history.
Self-Employed Applicants:
- The credit score of the individual applicants should be fair, and there should not be any debt or dues left of the person.
- The annual income of the candidates should be a least Rs 2.5 lakh.
- The whole documentation process of the Business loan is that the applicants have to show their financial and bank statements of the previous three months.
- The least age for an independent body should be 25 years.
- The claimants asking for the Business loan should need to have a record of ITR for the last three years.
- The organization should be running for the prior three years continuously.
How to Apply for Business Loan in Jammu?
- Please tour our website Dialabank
- Go to the loan part on the side and click on the Business loan section.
- The candidate will address you all the details of the Business loan where they can take their favoured city, according to their needs.
- For more knowledge on Business loan Jammu and free administration, you may call on 9878981166.
Processing Fees / Prepayment Charges on Business Loan in Jammu
Every Bank and NBFC charges a fee for preparing your loan request. Processing Fees charged by the Bank or NBFCs on Business Loan Jammu is up to 2.50% of the loan amount.
If you close your loan before the received loan tenure in the documents, every lending business charges you a penal prepayment fee for the loan period agreed beforehand. In most states, you cannot settle your loan before 12 months from the date of availing the loan. Post that the charges also differ depending on how many years the credit has been done. The Prepayment charges are stated 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 Jammu
CIBIL Score Required for Business Loan Jammu
A minimum CIBIL score is needed to process Business Loan demand Jammu. Most organizations require the least score of CIBIL of 750 to process your loan application.
The organizations require detailed acknowledgement of the previous loans taken. This covers details on the type of loan taken and the sum borrowed. Any delayed payments for prior loans can act as a hindrance to your availing of a new loan.
Business Loan Jammu Agents/Broker
Dialabank is the most suitable agent for availing Business Loan in Jammu.
You can apply online at Dialabank or give a bell at 9878981166.
Business Loan Jammu Contact Number
Call 9878981166 and get immediate help and approval for availing of Business Loan Jammu.
Pre Calculated EMI Table for Business Loan Jammu
About Jammu
Jammu and Kashmir was a region formerly administered by India as a state from 1954 to 2019, constituting the southern and southeastern portion of the larger Kashmir region, which has been the subject of a dispute between India, Pakistan, and China since the mid-20th century.
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