Business Loan Nizamabad

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Business Loan Nizamabad

Best Banks for Business Loan Nizamabad

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 Nizamabad Features

Business Loan NizamabadIf the capital is what you require to gear up your business, Go for a proven Business loan. The business loan can be used in particular for any sort of business. In this type of loan, one does not need any asset to deposit as collateral with the banker. Dialabank, the best financial helpline of India, is serving a business loan at a very affordable and low rate of interest in Nizamabad.

Business Loan Nizamabad 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 Nizamabad Documents Required

Salaried Customers:

  • PAN Card Copy is a mandatory document during a loan procedure.
  • Character Verification also called the identity proof is done through a document aligned by the Nation.
  • Two Passport-sized colored photos are required.
  • Address proof(Rental/ Owned) both permanent and current is important and needed as a residence verification during loan.
  • Salary slips of the last three working months.
  • Bank statements for the previous six months is also required.

Self-Employed Customers:

  • PAN Card Copy
  • Aadhar Card Copy for availing a business loan is mandatory for self-employed applicants.
  • 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 Nizamabad Eligibility Criteria

Salaried Applicants

  • A fulfilling credit score of the applicant is required while applying for the loan.
  • The work position of an applicant should be stated while applying for the loan.
  • The minimum income of INR 25,000 per month of the applicant is required to apply for a business loan.
  • The minimum age of twenty-one years and a maximum of sixty years is the eligibility to avail of the business loan.
  • The least job experience of three years is required in any field and pay to be held in the salary account of an applicant only.

Self-Employed Applicants

  • The CIBIL/ credit score should be clean and more than 700 in most of the cases with no debt or dues pending.
  • The yearly earnings of the candidate should be at least Rs 2.5 lakh.
  • The company should be in operation from the past three years continuously.
  • 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 and bank statements for the past three months.

How to Apply for Business Loan Nizamabad?

  1. Visit the website of Dialabank.
  2. Go to the loan section and click on Business Loan.
  3. Fill in details appearing on the form as per your own city.

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

Processing Fees / Prepayment Charges on Business Loan Nizamabad

Almost every bank and loaning institute charges a fee for processing your Business loan. Processing Fees charged by the Bank or NBFCs on Business Loan is charged on the amount of the loan availed by you.

If you settle your loan before the fixed loan period, you need to pay a penalty payment fee for the same. It should be less than at least a year. The Prepayment charges are explained 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 Nizamabad

Business Loan Nizamabad Contact Number

Contact 9878981166 for immediate relief and approval of your Business Loan or any other city.

Pre Calculated EMI Table for Business Loan Nizamabad

Rate
5 Yrs
4 Yrs
3 Yrs
10.50%
2149
2560
3250
11.00%
2174
2584
3273
11.50%
2199
2608
3297
12.00%
2224
2633
3321
12.50%
2249
2658
3345
13.00%
2275
2682
3369
13.50%
2300
2707
3393
14.00%
2326
2732
3417
14.50%
2352
2757
3442
15.00%
2378
2783
3466

 

FAQs About Business Loan Nizamabad

What are the minimum and maximum loan amounts I can get as a business loan Nizamabad?

The minimum loan amount offered in a business loan Nizamabad 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 Nizamabad?

The age limit is usually 21-65 years for availing of a business loan Nizamabad.

What is the tenure period for business loan Nizamabad repayment?

You can repay the Nizamabad 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 Nizamabad may even extend the tenure period.