Business Loan Pithapuram

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Business Loan Pithapuram

Best Banks for Business Loan Pithapuram

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 Pithapuram Features

  • Business Loan PithapuramBusiness Loan Pithapuram gives an Overdraft facility without any security.
  • The loans are available up to Rs. 40 lakhs without any security.
  • At some locations, the loans are available up to Rs. 50 lakhs without any security.
  • You can check your Business growth Loan eligibility online or at any branch in just 60 seconds.
  • The loans are available at a @10.45% rate of interest.
  • The tenure is ranging from 12-48 months.
  • No Foreclosure/part Closure shall be permitted during the first 6 months.
  • Tax benefits are also applicable as per laws.
  • No guarantor/security is required.

Business Loan in Pithapuram 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 Pithapuram Documents Required

Salaried Customers:

  • Any of the following as Identity proof:
    • Aadhaar Card
    • Passport
    • Voter’s ID Card
    • PAN Card
    • Driving License
  • A copy of any of the following documents as address proof:
    • Aadhaar Card
    • Passport
    • Voter’s ID Card
    • Driving License
  • Two passport-sized photographs are required.
  • Payslips of the last three months of the candidate is also required.
  • Bank statements for the last 6 months.

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

Self-Employed Customers:

  • PAN Card is compulsory for applying.
  • Two passport-sized photos of the applicant are required. 
  • Aadhar Card as identity proof.
  • Residence verification( Current and Permanent) is required for applying.
  • All financial documents are required of the customer(Balance Sheet, P&L Statement as well as ITR files).

Business Loan in Pithapuram Eligibility Criteria

Salaried Applicants

  • The minimum age of the applicant should be 21 years.
  • The maximum age of the applicant should be 60 years.
  • The minimum income of the applicant should be INR 25,000 per month.
  • The job position of the applicant should be mentioned.
  • Candidate must have a decent credit history.
  • Work experience of the three years and the payroll should also be received in their accounts only.

Self-Employed Applicants

  • The annual income of the applicants should be a least of Rs 2.5 lakh.
  • The minimum age of the applicant should be 25 years.
  • Individuals who have been in the current business for a minimum of 3 years are eligible.
  • The credit score of the individual candidates should be fair, and there should not be any debt or dues left of the individual.
  • The whole documentation method of Business loan Pithapuram is that the applicants have to present their financial and bank statements of the previous three months.

How to Apply for Business Loan in Pithapuram?

  1. Visit our website Dialabank
  2. Go to the loan part on the page and click on the Business loan section.
  3. The applicant will address all the details of the Business loan Pithapuram and also they can choose their favored city, according to their needs.
  4. For more information on Business loans and free administration, you may call on 9878981166.

Processing Fees / Prepayment Charges on Business Loan in Pithapuram

Every Bank and NBFC charges a fee for processing your loan request. Processing Fees charged by the Bank or NBFCs on Business Loan Pithapuram 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 Pithapuram

Business Loan Pithapuram Contact Number

Call 9878981166 and get instant help and approval for availing Business Loan Pithapuram.

Pre Calculated EMI Table for Business Loan Pithapuram

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

Major localities offering Business Loan

Business Loan Nagpur Business Loan Latur
Business Loan Nashik Business Loan Kolhapur
Business Loan Nanded Business Loan Jalna
Business Loan Pune Business Loan Jalgaon

FAQs About Business Loan Pithapuram

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

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

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

✅ What is the tenure period for business loan Pithapuram repayment?

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