Business Loan Machilipatnam

Best Banks for Business Machilipatnam

Business Loan Machilipatnam Features

• 10.45% interest rates are provided for the business loan.
• Forty lakhs to fifty lakhs of the amount can be loaned without needing collateral.
• A year to 3 years is available as a loan duration for a business loan. 
• The business loan provides the overdraft without any deposition of security.
  
• No Foreclosure/part Closure shall be permitted during the initial 6 months of the limit setting.
• The Business growth loan can be checked both online and offline within a time duration of 60 seconds.
• Loans will be paid based on the previous payment of home loans, auto loans, and credit cards.

Business Loan Machilipatnam Interest Rates

Business Loan in Machilipatnam Documents Required

Salaried Customers:

• The identity proof  (Aadhar card/driving license/Voter Id)
• The passport-sized coloured pictures, at least two.
• Proof of residence of a candidate (Owned/Rented/Company provided) for the advance.
• The PAN Card of an applicant is required for availing of a loan.
• The payslips are required for at least of recent three months.
• Bank statements for the previous 6 months of the person who is looking for a loan.

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

Self-Employed Customers:

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

Business Loan in Machilipatnam Eligibility Criteria

Salaried Applicants:

• The applicant should mention their job position in an application.
• INR 25000 monthly, should be required at least for a loan.
• The minimum age of an applicant: 21 years and a maximum:60 years.
• Work experience is required for at least 3 years.
• The requirement of good credit history is important for availing of a loan.

Self-Employed Applicants:

• The candidate should have a good credit history and should not have any debt left.
• The annual salary of the applicants should be a least Rs 2,50,000.
• The bank statements of three months should be given for the documentation.
• A candidate should be 25 years for availing of a loan.
• The applicants asking for the Business loan should need to have a file of ITR for the last three years.
• The company should be running for the prior 3 years continuously.

How to Apply for Business Loan Machilipatnam?

1. Visit our website Dialabank
2. Go to the loan part on the page and click on the Business loan section.
3. The applicant will address you all the details of the Business loan where they can choose their favoured city, according to their needs.
4. For more information on Business loans and free administration, you may call on 9878981166.

Processing Fees / Prepayment Charges on Business Loan Machilipatnam

The fee charged by every bank in order to avail of a client loan is the processing fee. The processing fee for a business loan is up to 2.50% of the loan amount.

It is possible to end the loan tenure before the fixed time but then the banks charge a pre-payment penalty fee from the customer. In most cases, you cannot settle your loan before 12 months from the date of availing the loan. Post that the charges also vary depending on how many years the credit has been done. The Prepayment charges are mentioned below:

• 07months- 2years – 4% of Principal Outstanding
• 25-36 Months – 3% of Principal Outstanding
• >36 Months – 2% of Principal Outstanding

Business Loan Machilipatnam Agents/Broker

Dialabank is the best agent for availing Business Loan.

You can simply apply online at Dialabank or give a bell at 9878981166.

Business Loan Machilipatnam Contact Number

Call 9878981166 and get instant help and approval for availing Business Loan.

Pre Calculated EMI Table for Business Loan Machilipatnam

About Machilipatnam

The city is located in the state of Andhra Pradesh in the Krishna district.

Major localities in Machilipatnam for availing Business Loan