Best Banks for Business Loan Roorkee
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 Roorkee Features
Company Loan Roorkee without any protection, provides an Overdraft service.
- Attractive Interest Rate @10,45 percent p.a.
- For the first six months after setting the cap, no foreclosure/part closing is authorized.
- Accessible with a loan of up to Rs. Without any protection, forty lakhs (up to Rs. 50 lakhs in some chosen areas).
- Tenure from 12-48 months.
- Online or at any location, check your Company Development Loan eligibility in just 60 seconds.
- Loans can be charged based on past mortgage loan contributions, vehicle loans, and credit cards.
Business Loan in Roorkee 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 Roorkee Documents Required
Salaried Customers:
- PAN Card of the individual utilizing the loan from the firm.
- Residence Evidence required for loans (Owned / Rented / Company supplied).
- Payslips for the last three months is also required for the applicant.
- The passport-sized pictures-2.
- The Business Loan Roorkee(Aadhar Card / Driving License / Voter Id) needs identity verification.
- Bank statements of the person seeking the 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
- All financial documents are needed of the customer(Balance Sheet, P&L Statement, and ITR files).
- PAN Card is compulsory for applying.
- Residency verification (Current and Permanent) is needed for applying.
- Two passport-sized photos of the person applying for a loan.
Business Loan Roorkee Eligibility Criteria
Salaried Applicants
- The job position of the applicant should also be mentioned.
- A borrower should also have the least income of INR 25,000 per month.
- Candidates must have an excellent credit history.
- The least age of the person should be 21 years and a maximum of 60 years.
- Work experience of the three years and the payroll should also be received in their accounts only.
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 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 annual income of the applicants should be the least Rs 2.5 lakh.
- The company should be running for the prior three years continuously.
How to Apply for Business Loan in Roorkee?
- Visit our website Dialabank.
- Go to the loan portion of the website and press the segment on Company Loan.
- The specifics of the business loan will be presented to you by the borrower, where, according to their requirements, they will pick their preferred city.
- For more information on Business loans and free administration, you may call on 9878981166.
Processing Fees / Prepayment Charges on Business Loan Roorkee
For the processing of your loan applications, each bank and NBFC charges a fee. Processing fees paid on Business Loan Roorkee by the bank or NBFCs are up to 2.50 per cent of the loan amount.
Every financing firm charge you a penal advance payment fee for the loan term negotiated in advance if you close the loan before the approved loan duration in the documents. In most cases, the loan will not be repaid until 12 months from the date of the loan’s availability. The payments often vary based on how many years the loan has been through. The prepayment fees are listed 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 Roorkee
Business Loan Roorkee Contact Number
Call 9878981166 and get instant help and approval for availing Business Loan Roorkee.
Pre Calculated EMI Table for Business Loan Roorkee
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 |