Business Loan Karaikal

Best Banks for Business Loan Karaikal

Business Loan Karaikal Features

If the capital is what you require to gear up your business, Go for a proven Business loan. The business loan can be used in particular for any sort of business. In this type of loan, one does not need any asset to deposit as collateral with the banker.

Dialabank, the best financial helpline in India, is serving a business loan at a very affordable and low rate of interest in Nizamabad.

Business Loan Karaikal Interest Rates

Business Loan Karaikal Documents Required

Salaried Customers:

• PAN Card Copy is a mandatory document during a loan procedure.
• Character Verification also called identity proof is done through a document aligned by the Nation.
• Two Passport-sized coloured photos are required.
• Address proof(Rental/ Owned) both permanent and current is important and needed as a residence verification during the loan.
• Salary slips of the last three working months.
• Bank statements for the previous six months are also required.

Self-Employed Customers:

• PAN Card Copy
• Aadhar Card Copy for availing of a business loan is mandatory for self-employed applicants.
• Two passport-sized photos
• Residence Verification Proof (Aadhar Card/ Driving License)
• Financial documents (Balance Sheet, Profit, and Loss Statement and Income Tax Return records).

Business Loan Karaikal Eligibility Criteria

Salaried Applicants:

• A fulfilling credit score of the applicant is required while applying for the loan.
• The work position of an applicant should be stated while applying for the 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 Karaikal?

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 Karaikal

Almost every bank and loaning institute charges a fee for processing your Business loan. Processing Fees charged by the Bank or NBFCs on Business Loan is charged on the amount of the loan availed by you.

If you settle your loan before the fixed loan period, you need to pay a penalty payment fee for the same. 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 Karaikal

Business Loan Karaikal Contact Number

Contact 9878981166 for immediate relief and approval of your Business Loan or any other city.

Pre Calculated EMI Table for Business Loan Karaikal