Business Loan Nagpur

Best Banks for Business Loan Nagpur

Business Loan Nagpur Features

• It gives an Overdraft convenience without any security. 
• Avail of a loan up to Rs. Forty lakhs without any protection.
• Tenure fluctuating from 12-48 months.
• Attractive Rate of Interest @10.45% p.a.
• No Foreclosure/part Closure shall be sanctioned during the first six months of the limit setting.
• Evaluate your Business Growth Loan eligibility online or at any office in just 60 seconds.
• Loans will be adjusted based on the previous payment of home loans, auto credits, and credit cards.

Business Loan Nagpur Interest Rates

Business Loan Nagpur Documents Required

Salaried Customers:

• PAN Card of the personality availing the Business loan.
• Residence Proof wanted(Owned/Rented/Company provided) for loans.
• Passport-sized images–2.
• Identity verification required (Aadhar card/driving license/Voter Id)
• Payslips of the last three months of the applicant is also asked.
• Bank statements for the past 6 months of the person who is asking for a loan.

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

Self-Employed Customers:

• Aadhar Card 
• Residence confirmation(Current and Permanent) is required for applying for Business Loan.
• Two passport-sized photos of the person asking for a loan.
• All financial records are needed of the consumer(Balance Sheet, P&L Statement as well as ITR files).
• PAN Card is required for applying.

Business Loan Nagpur Eligibility Criteria

Salaried Applicants:

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

Self-Employed Applicants:

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

How to Apply for Business Loan Nagpur

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

Processing Fees / Prepayment Charges on Business Loan Nagpur

Every Bank and NBFC charges a fee for preparing your loan request. Processing Fees charged by the Bank or NBFCs on Business Loan Baroda is up to 2.50% of the loan amount.

If you close your loan before the received loan tenure in the documents, every lending business charges you a penal prepayment fee for the loan period agreed beforehand. In most states, you cannot settle your loan before 12 months from the date of availing the loan. Post that the charges also differ depending on how many years the credit has been done. The Prepayment charges are stated below:

• 07-24 Months – 4% of Principal Outstanding
• 25-36 Months – 3% of Principal Outstanding
• >36 Months – 2% of Principal Outstanding

Business Loan Nagpur EMI Calculator 

CIBIL Score required for Business Loan Nagpur

A minimum CIBIL score is needed to process Business Loan demand in Baroda. Most organisations require the least score of CIBIL of 750 to process your loan application.

The organizations require detailed acknowledgement of the previous loans taken. This covers details on the type of loan taken and the sum borrowed. Any delayed payments for past loans can act as a barrier to your availing of a fresh loan.

Business Loan Nagpur Agents/Broker

Dialabank is the most suitable agent for availing Business Loan in Baroda.

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

Business Loan Nagpur Contact Number

Call 9878981166 and get immediate help and approval for availing of Business Loan Baroda.

Pre Calculated EMI Table for Business Loan Nagpur

Major localities in India for availing Business Loan