Best Banks for Business Sangrur
1% - 2.5% of the Loan Amt
Business Loan Sangrur Features
The rate of interest provided for a business loan is 10.45%. Forty lakhs to fifty lakhs of the amount can be loaned without needing collateral. The duration of loans can vary from 12 to 48 months of time duration. The business loan provides the overdraft without any security. No Foreclosure/part Closure shall be permitted during the initial 6 months of the limit setting. The Business growth loan can be checked both online and offline within a time duration of 60 seconds. Loans will be paid based on the previous payment of home loans, auto loans, and credit cards.
Business Loan Sangrur Interest Rates
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Business Loan in Sangrur Documents Required
Salaried Customers:
- Identity verification needed through Aadhar card/driving license/Voter Id.
- The passport-sized colored pictures, at least two.
- Proof of address
- The PAN Card of an applicant is required for availing a loan.
- The payslips are required for at least the last 3 months.
- Bank statements for the previous 6 months of the person who is looking for a loan.
*NOTE: In case of rented houses, rent agreement needs to be attached.
Self-Employed Customers:
- Aadhar Card of a candidate is necessary.
- Residence proof( Current and Permanent) is needed for applying.
- Two pictures passport-sized needed.
- All financial documents are needed of the customer(Balance Sheet, P&L Statement as well as ITR files).
- The mandatory document for applying a loan is a PAN card.
Business Loan in Sangrur Eligibility Criteria
Salaried Applicants
- The applicant should mention their job position in an application.
- An applicant should at least salaried by INR 25000 monthly.
- The minimum age of an applicant: 21 years and a maximum:60 years.
- Work experience of the 3 years and the payroll should also be received in their accounts only.
- The requirement of good credit history is important for availing of a loan.
Self-Employed Applicants
- The candidate should have a good credit history and should not have any debt left.
- The annual salary of the applicants should be a least Rs 2,50,000.
- The bank statements of three months should be given for the documentation.
- A candidate should be 25 years for availing a loan.
- The applicants asking for the Business loan should need to have a file of ITR for the last three years.
- The company should be running from the prior 3 years continuously.
How to Apply for Business Loan Sangrur?
- Visit our website Dialabank
- Go to the loan part on the page and click on the Business loan section.
- The applicant will address you all the details of the Business loan where they can choose their favored city, according to their needs.
- For more information on Business loans and free administration, you may call on 9878981166.
Processing Fees / Prepayment Charges on Business Loan Sangrur
The fee charged by every bank in order to avail of a client loan is the processing fee. The processing fee for a business loan is up to 2.50% of the loan amount.
It is acceptable to end the loan residency before the fixed time however then the banks charge a pre-installment punishment expense from the client. As a rule, you can’t settle your advance before a year from the date of benefiting the advance. Post that the charges likewise shift contingent upon how long the credit has done. The Prepayment charges are referenced beneath:
- 07months- 2years – 4% of Principal Outstanding
- 25-36 Months – 3% of Principal Outstanding
- >36 Months – 2% of Principal Outstanding
Business Loan EMI Calculator Sangrur
Business Loan Sangrur Agents/Broker
Dialabank is the best agent for availing Business Loan.
You can simply apply online at Dialabank or give a bell at 9878981166.
Business Loan Sangrur Contact Number
Call 9878981166 and get instant help and approval for availing Business Loan.
Pre Calculated EMI Table for Business Loan Sangrur
About Sangrur
Sangrur is a district of the Punjab State.
Major localities in Sagar for availing Business Loan
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