Business Loan Kavarathy

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Best Banks for Business Loan in Kavarathy

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 Kavarathy Features

An offers the capacity without any safety is provided by Business Loan Kavarathy.
Quality of a loan of up to Rs. Forty lakhs (in some designated points, up to Rs. 50 lakhs) without any defense.
The term in office for a span of twelve-48 months.
Desirable Interest Rate @10.45% p.a.
For maybe the first six months of the limitation setting period, no foreclosure/part closing is authorized.
In just 60 seconds, update your business systems loan application online or at any office.
Loans can be compensated on the analysis of previous home loan transactions, car loans, and credit cards.

Business Loan in Kavarathy 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 Kavarathy Documents Required

Salaried Customers:

Identity proof needed by the Business loan Kavarathy(Aadhar card/driving license/Voter Id)
Payslips of the last three months of the candidate is also required.
PAN Card of the person availing the Business loan.
Residence Proof required (Owned/Rented/Company provided) for loans.
Passport-sized photos–2.
Bank statements for the previous 6 months of the person who is asking for a loan.

*NOTE: In case of rented houses, rent agreement needs to be attached.

Self-Employed Customers:

All financial documents are needed of the customer(Balance Sheet, P&L Statement as well as ITR files).
PAN Card is compulsory for applying.
Aadhar Card
Residence verification( Current and Permanent) is needed for applying.
Two passport-sized photos of the person applying for a loan.

Business Loan in Kavarathy Eligibility Criteria

Salaried Applicants:

Work experience of the three years and the payroll should also be received in their accounts only.
The job position of the applicant should also be mentioned.
A borrower should also have the least income of INR 25,000 per month.
The least age of the person should be 21 years and a maximum of 60 years.
Candidates must have an excellent credit history.

Self-Employed Applicants:

The least age for an independent person should be 25 years.
The applicants asking for the Business loan should need to have a file of ITR for the last three years.
The credit score of the individual candidates should be fair, and there should not be any debt or dues left of the individual.
The annual income of the applicants should be a least of Rs 2.5 lakh.
The whole documentation method of the Business loan is that the applicants have to present their financial and bank statements of the previous three months.
The company should be running from the prior three years continuously.

How to Apply for Business Loan in Kavarathy?

Attend Dialabank on our platform
On the section, go to the loan fraction and click on the Business Loan part.
All the information on the business loan will be communicated to you by the borrower were, and according to their preferences, they can choose their favorite city.
You could dial 9878981166 for more knowledge on Company Loans and Secure Management.

Processing Fees / Prepayment Charges on Business Loan in Kavarathy

For the processing of your loan application, every bank and NBFC charges a fee. The transaction fees paid on Business Loan Kavarathy by the bank or NBFCs are up to 2.50 percent of the loan volume.

Every mortgage firm charges you a penal prepayment fee for the previously negotiated loan term if you close the loan prior to the approved loan duration in the agreements. In most cases, the debt will not be repaid until 12 months from the day the debt is used. The payments often vary based on how many years the loan has been taken out. Prepayment payments are listed 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 Kavarathy