Business Loan Madikeri

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Best Banks for Business Loan in Madikeri

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 Madikeri Features

Business Loan Madikeri brings an innovative plan to meet any kind of funding request for ideas of business payment. It presents monetary aid for the growth of business and enhances the credit for future lending. The application for this loan is instantly reached by following a simple scheme. We present the idea of unsecured debts for getting financed with convenient processing of documents without any collateral requirement.

We provide Business Loan Madikeri with the least documents to help you enjoy a good status in the industry you work for! Dialabank, the best financial helpline of India, lend a helping hand by providing money and is an NBFC for acquiring unsecured debts and getting financed with convenient processing of documents.

Business Loan in Madikeri 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 Madikeri Documents Required

Salaried Applicants:

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 Applicants:

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 Madikeri 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 clear with no debt or dues pending are eligible people.
The yearly earnings of the candidate should be at least Rs 2.5 lakh are eligible people.
The company should be in operation from the past three years in continuous terms are eligible people.
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 statements for the past three months are eligible people.

How to Apply for Business Loan Madikeri?

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 place respectively.

For further information and free guidance, contact us on 9878981166.

Processing Fees / Prepayment Charges on Business Loan in Madikeri

All Banks and NBFCs charge a processing fee for your Business loan Madikeri application.

If you end your loan before the decided loan period, the lending organisation charge a penalty payment fee for the same. Mostly, it is not allowed to close your loan before one year from the date of obtaining. The charges differ as per the time period your credit has been terminated before.

The prepayment charges on Business Loan in Madikeri city are as mentioned 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 Madikeri