Business Loan Neemuch

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Best Banks for Business Loan in Neemuch

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 Neemuch Features

There will be a loan value ranging from Rs 50,000 to one crore.
It is a hassle-free loan with no necessary collateral or guarantees.
With simple EMIs, you can quickly pay back the whole amount of the loan.
This involves simple processes and fast loan approvals.

Business Loan in Neemuch 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 Neemuch Documents Required

Salaried Customers:

PAN Card of the individual making use of the loan from the company.
Residence Proof required for loans (Owned / Rented / Company provided).
Passport-sized pictures-2.
Identity evidence required by the Business Loan (Aadhar Card / Driving License / Voter I d)
The applicant‘s payslips for the last three months are also required.
Bank statements of the person applying for a loan for the previous 6 months.

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

Self-Employed Customers:

Aadhar Card
Residence verification( Current and Permanent) is needed for applying.
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 compulsory for applying.

Business Loan in Neemuch Eligibility Criteria

Salaried Applicants:

It should also note the applicant’s job position.
The lowest salary of INR 25,000 per month should also be for a borrower.
An individual should have a minimum age of 21 years and a maximum age of 60 years.
Job experience of the three years and the payroll should also be earned in their accounts only.
Candidates must have an outstanding history of credit.

Self-Employed Applicants:

The credit score of the individual candidates should be fair, and there should not be any debt or dues left of the individual.
The annual income of the applicants should be the least 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 running for the prior three years continuously.

How to Apply for Business Loan in Neemuch?

Visit our website Dialabank
Go to the loan part on the page and click on the Business loan section.
The borrower will provide you with all the details of the business loan, where they can pick their favoured 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 Neemuch

For the processing of your loan request, every bank and NBFC charges a fee. Up to 2.50 percent of the loan sum is transaction fees paid by the bank or NBFCs on Business Loan Neemuch.

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 been 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 Neemuch