Best Banks for Business Loan Nanded
1% - 2.5% of the Loan Amt
Business Loan in Nanded Features
Business Loan Nanded provides an Overdraft facility without any security. - Avail of a loan up to Rs. Forty lakhs (up to Rs. 50 lakhs in some selected areas) without any collateral.
- Tenure varying from 12-48 months.
- Engaging Rate of Interest @10.45% p.a.
- No Foreclosure/part Closure shall be allowed during the first six months of the limit setting.
- Examine your Business Growth Loan eligibility online or at any office in just 60 seconds.
- Loans will be given based on the previous payment of home loans, auto loans, and credit cards.
Business Loan in Nanded Interest Rates
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Business Loan in Nanded Documents Required
Salaried Customers:
- PAN Card of the body availing the Business loan.
- Residence Proof needed (Owned/Rented/Company provided) for loans.
- Passport-sized photos–2.
- Identity proof required by the Business loan Nanded (Aadhar card/driving license/Voter Id)
- Payslips of the latest three months.
- Bank statements for the previous six months of the person who is asking for a loan.
*NOTE: In case of rented houses, the rent contract needs to be attached.
Self-Employed Customers:
- Aadhar Card
- Residence confirmation( Current and Permanent) is needed for applying.
- Two passport-sized photos of the person asking for a loan.
- All financial documents are required of the consumer(Balance Sheet, P&L Statement as well as ITR files).
- PAN Card is obligatory for applying.
Business Loan in Nanded Eligibility Criteria
Salaried Applicants
- The job status of the applicant should also be mentioned.
- A borrower needs to 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.
- Work experience of the three years and the payroll should also be received in their accounts only.
- Applicants must have an excellent 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 individual.
- The yearly 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 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 company should be working from the prior three years continuously.
How to Apply for Business Loan in Nanded?
- Visit our website Dialabank
- Go to the loan part on the page and succeed on the Business loan section.
- The applicant will address you all the details of the Business loan where they can take their favored city, according to their needs.
- For more information on Business loans and free administration, you may call on 9878981166.
Processing Fees / Prepayment Charges on Business Loan in Nanded
Every Bank and NBFC charges a fee for processing your loan request. Processing Fees charged by the Bank or NBFCs on Business Loan Nanded is up to 2.50% of the loan amount.
If you close your loan before the accepted loan tenure in the documents, every lending company charges you a penal prepayment fee for the loan period agreed beforehand. 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 done. The Prepayment charges are 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 Nanded
CIBIL Score required for Business Loan Nanded
Every lending institution has its criteria for the least CIBIL score required for processing Business Loan requests in Nanded. Most institutions require the least score of CIBIL of 750 to process your loan application.
The organizations don’t just look at the overall score but also the detailed response on the previous loans taken. This includes details on the type of loan taken and the sum borrowed. Any delayed payments for past loans can act as a hindrance to your availing of a new loan.
Business Loan Nanded Agents/Broker
Dialabank is the best agent for availing Business Loan in Nanded.
You can apply online at Dialabank or give a bell at 9878981166.
Business Loan Nanded Contact Number
Call9878981166 and get instant help and approval for availing Business Loan Nanded.
Pre Calculated EMI Table for Business Loan Nanded
About Nanded
Nanded is a city in Maharashtra. It is the eighth largest urban agglomeration of the state and the seventy-ninth most populous city in India.
Major localities in India for availing Business Loan
| Business Loan Kohima | Business Loan Cuttack |
| Business Loan Dimapur | Business Loan Bhubaneshwar |
| Business Loan Rourkela | Business Loan Bhubaneswar |
| Business Loan Puri | Business Loan Berhampur |
FAQs About Business Loan Nanded
✅ What are the minimum and maximum loan amounts I can get as a business loan Nanded?
The minimum loan amount offered in a business loan Nanded is Rs. 5,000 and the maximum loan amount can extend up to Rs. 2 crores, depending on the requirements and eligibility.
✅ What is the age limit of availing a business loan Nanded?
The age limit is usually 21-65 years for availing of a business loan Nanded.
✅ What is the tenure period for business loan Nanded repayment?
You can repay the Nanded loan amount in a minimum of 12 months and a maximum of up to 5 years, depending on the respective bank or NBFC. Some institutes in Nanded may even extend the tenure period.
