Business Loan Kanpur

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Best Banks for Business Loans in Kanpur

Feature	HDFC Bank	Private Bank	Bajaj Finance
Interest Rate	10.75% - 17%	11.25% - 18.5%	12%
Min Loan Amt	Metro : 75000 & Non Metro: 50000	50000	100000
Max Loan Amt	50 Lacs	50 Lacs	1 Cr
Loan Tenure	1 - 5 Years	1 - 5 Years	1 - 5 Years
Processing Fee	0.25% - 2% of the Loan Amt	1% - 2.5% of the Loan Amt	0.5% - 2% of the Loan Amt
Preclosure Charges	2%, Nil foreclosure charges after 12 months	2%, Nil foreclosure charges after 24 months	Nil
Overdraft Facility	No	No	Yes

Business Loan in Kanpur Features

Business Loan Kanpur 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 Kanpur Interest Rates

Bank

Processing Fee

Prepayment Charges

HDFC Bank Personal Loan

0.25% to 1.50%

2%, Nil foreclosure charges after 3 months

Axis Bank Personal Loan

0.50% to 1.50%

Nil

Private Bank Personal Loan

0.25% to 1.50%

2%, Nil foreclosure charges after 9 months

SBI Personal Loan

500/- to 0.50%

Nil

Kotak Personal Loan

1% to 2%

2.25% of fore closure amount if closed 1 month ahead of the tenure.

IIFL Personal Loan

Nil

Nil

Muthoot Personal Loan

Nil

Nil

Manappauram Personal Loan

Nil

Nil

PNB Personal Loan

0.70% to 1%

Nil

Canara Bank Personal Loan

1%

Nil

Andhra Bank Personal Loan

Nil

Nil

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

Business Loan in Kanpur 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 Kanpur (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 Kanpur 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 Kanpur?

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 Patna and free administration, you may call on 9878981166.

Processing Fees / Prepayment Charges on Business Loan in Kanpur

Every Bank and NBFC charges a fee for preparing your loan request. Processing Fees charged by the Bank or NBFCs on Business Loan Kanpur 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 Kanpur

CIBIL Score Required for Business Loan Kanpur

A minimum CIBIL score is needed to process Business Loan demand Kanpur. 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.