Business Loan Quilon

Best Banks for Business Loan in Quilon

Business Loan in Quilon Features

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

Business Loan in Quilon Interest Rates

Business Loan in Quilon Documents Required

Salaried Customers:

• Any of the following as Identity proof: Aadhaar Card, Passport, Voter’s ID Card, PAN Card, Driving License
• 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 previous 6 months.

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

Self-Employed Customers:

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

Business Loan in Quilon Eligibility Criteria

Salaried Applicants

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

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 a least of Rs 2.5 lakh.
• The whole documentation method of Business loan Quilon is that the applicants have to present their financial and bank statements of the previous three months.
• 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.

How to Apply for Business Loan in Quilon?

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 Quilon 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 Quilon

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

Business Loan Quilon Contact Number

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

Pre Calculated EMI Table for Business Loan Quilon