Best Banks for Business Loan in Satna
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 Satna Features
If you need finance to keep your business going successfully, you can simply go for a Business Loan Satna. One can use the loan amount for the continuous progress of the company. In this type of loan, one does not need any asset to pledge as collateral with the banker.
Dialabank, the best financial helpline of India, is an NBFC serving on the policies of the low rate of interest for taking the Business Loan Satna and in many other places in the nation. We present before you the idea of getting financed with convenient processing of documents without any collateral demand.
We provide Business Loan Satna with a good framework for your business to help you experience a good status!
Business Loan in Satna 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 Satna 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 records).
Business Loan in Satna 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 least job experience of three years and pay to be held in the candidate 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 at least Rs 2.5 lakh.
- The company should be in operation from the past three years continuously.
- The minimum age of the candidate should be 25 years when applying for the 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 bank and bank statements for the past three months.
How to Apply for Business Loan Satna?
- 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 Satna
Each Bank and NBFC charges a fee for processing your Business loan Satna offer. Processing Fees charged by the Bank or NBFCs on Business Loan is charged on the amount of the loan availed by you.
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. The Prepayment charges are explained 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 Satna
Business Loan Satna Contact Number
Contact 9878981166 for immediate help and approval of your Business Loan Satna or any other city.
Pre Calculated EMI Table for Business Loan Satna
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 |
Other Business Loan Cities In Madhya Pradesh
Business Loan Khandwa | Business Loan Itarsi |
Business Loan Katni | Business Loan Hoshangabad |
Business Loan Jabalpur | Business Loan Gwalior |
Business Loan Indore | Business Loan Dewas |