Business Loan Ramagundam

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Best Banks for Business Loan in Ramagundam

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 Ramagundam Features

If you require monetary aid for carrying out your business operations, count on availing of the best-suited Business Loan. Business Loan Ramagundam is planned for people who carry their own business and need funds to expand the same. There is no need to guarantee any important asset to obtain this type of loan.

Dialabank, the chief financial helpline of the country, is working on the laws of the less rate of interest for availing the Business Loan Ramagundam and in many other cities of India. We present you with an idea of money-making with speedy processing of documents and on no security basis.

We give a reliable financing plan for your business to help you experience a good reputation!

Business Loan in Ramagundam 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 Ramagundam Documents Required

Salaried Customers:

PAN Card Copy
Identity Verification Proof
Two Passport-sized photos
Proof of Residence (Rental/ Owned)
Slips of pay for the last three months
Bank statements for the previous six months

Self-Employed Customers:

PAN Card Copy
Aadhar Card Copy
Two passport-sized photos
Residence Verification Proof (Aadhar Card/ Driving License)
Financial documents (Balance Sheet, Profit and Loss Statement and Income Tax Return files).

Business Loan in Ramagundam Eligibility Criteria

Salaried Applicants:

Excellent credit history of the candidate is required while applying for the loan.
The work position of the candidate should be stated while applying for the loan.
The minimum income of INR 25,000 per month of the applicant is required to apply.
The minimum age of twenty-one years and a maximum of sixty years to avail the loan.
The minimum job experience of three years and salary to be received in the applicant’s account.

Self-Employed Applicants:

The CIBIL/ credit score should be clean with no debt or dues pending.
The yearly earnings of the candidate should be minimum of Rs 2.5 lakh.
The company should be in action for the past three years continuously.
The minimum age of the person should be 25 years when applying for a 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 financial and bank statements for the past three months.

How to Apply for Business Loan Ramagundam?

Visit the website of Dialabank.
Go to the loan section and click on Business Loan.
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 in Ramagundam

Every Bank and NBFC charges a fee for processing your Business loan Ramagundam request. Processing Fees charged by the Bank or NBFCs on Business Loan Pune is up to 2.50% of the loan amount.

If you settle your loan before the allowed loan period, every lending organisation requires you to pay a penalty payment fee for the same. Mostly, it is not allowed to end your loan before one year from the date of obtaining Hence, the charges differ depending on how many years the credit has been terminated. Here are the Prepayment charges are discussed:

07-24 Months – 4% of Principal Outstanding
25-36 Months – 3% of Principal Outstanding
>36 Months – 2% of Principal Outstanding

Business Loan EMI Calculator Ramagundam