Business Loan Kodad

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Best Banks for Business Loan in Kodad

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 Kodad Features

Finance is that part of a business enterprise which is needed at every progressive step. The largest concern is to run your business smoothly and thus, a company will choose a Business Loan. The loan is unsecured while not creating any additional security. Business Loan Kodad is that the one might treat for the honest progress of his/her business.

Dialabank, a money helpline of India, is an NBFC serving on the policies of the low rate of interest for taking the Business Loan Kodad and in several other places within the nation. We aim before you to the concept of being supported with convenient documentation with none collateral demand. We provide a loan with an aim to assist you!

Business Loan in Kodad 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 Kodad Documents Required

Salaried Customers:

PAN Card Copy
Identity Verification Proof
Two Passport-sized photos
Proof of Residence (Rental/ Owned)
Slips of pay for the last three months
Bank statements for the previous six months

Self-Employed Customers:

PAN Card Copy
Aadhar Card Copy
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 in Kodad Eligibility Criteria

Salaried Applicants

Excellent credit history of the candidate is required while applying for the loan.
The work position of the candidate should be stated while applying for the loan.
The minimum income of INR 25,000 per month of the applicant is required to apply.
The minimum age of twenty-one years and a maximum of sixty years to avail the loan.
The least job experience of three years and pay to be held in the candidate account.

Self-Employed Applicants

The CIBIL/ credit score should be clean 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 from the past three years continuously.
The minimum age of the candidate should be 25 years when applying for the 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 Kodad?

Visit the website of Dialabank.
Go to the loan section and click on Business Loan.
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 Kodad

Each Bank and NBFC charges a fee for processing your Business loan Kodad offer. 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 allowed loan period, every lending organisation requires you to pay a penalty payment fee for the same. Mostly, it is not allowed to end your loan before one year from the date of obtaining Hence, the charges differ depending on how many years the credit has been terminated. 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 Kodad