Business Loan Siliguri

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Best Banks for Business Loan in Siliguri

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 Siliguri Features

Business Loan Siliguri provides an overdraft facility without any security
Avail maximum loan amount up to Rs. 40 lakhs ( up to Rs. 50 lakhs in some locations) without any protection
Reasonable Rate of Interest starts at 10.45% per annum
Loan Tenure ranging from 12 – 48 months
No foreclosure/ part closure shall be admitted during the first 6 months of the limit setting
No guarantor is required
Check out your Business Loan eligibility online or at any bank branch within 60 seconds.
Loan disbursal depends on the previous repayment of home loans, auto loans, and credit cards.

Business Loan in Siliguri 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 Siliguri Documents Required

Salaried Applicants:

PAN Card of the candidate for getting a Business Loan.
Residence Proof required (Owned/Rented/Company provided) for loans.
Two Passport-sized photographs
Identity proof required for the Business Loan Siliguri (Aadhar card/driving license/Voter Id)
Salary slips of the last three months of the candidate are required.
Bank statements for the last 6 months of the person applying for a Business Loan.

*NOTE: In case of rented accommodations, the rental agreement must be attached.

Self-Employed Applicants:

Aadhar Card is required.
Accommodation Proof( Current and Permanent) is required for applying.
Two passport-sized photographs
All financials are essential of the applicant(Balance Sheet, P&L Statement as well as ITR files).
PAN Card is mandatory

Business Loan in Siliguri Eligibility Criteria

Salaried Applicants

The job locality of the candidate must also be mentioned.
A borrower should have a least earning of INR 25,000/month
The minimum age of the candidate should be 21 years and a maximum of 65 years.
Work experience of the three years and the income should be received in their accounts only.
Applicants must have an outstanding credit history.

Self-Employed Applicants

The credit score of the applicants should be good and there must not be any debt or dues left of the individual.
The annum salary of the applicants must be a minimum of Rs 2.5 lakh.
The entire documentation process of the business loan is that the applicants have to present their financial and bank statements for the previous three months.
The minimum age required for an independent body should be 25 years.
The applicants applying for the business loan should require to have a file of ITR for the last three years.
For the businessmen, the business should be functioning from the past three years constantly.

How to apply for Business Loan in Siliguri?

Visit our website www.dialabank.com
Go to the loan section on the page and click on the business loan link.
The applicant will be directed to all the details of the business loan where they can pick their preferred city, according to their needs.
For more information about business loans and free assistance, you may call on 9878981166.

Processing Fees / Prepayment Charges on Business Loan in Siliguri

Every Bank and NBFC charges a fee for processing your Business Loan application. Business Loan Siliguri charges a processing fee of up to 2.50% of the loan amount.

If you close your loan before the agreed loan tenure in the documents, every lending foundation charges you a penal prepayment fee for the loan duration agreed earlier. In most cases, you cannot close the loan before the duration of 1 year from the date of availing the loan. After that, the charges depend on how many years the loan has done.

The prepayment charges on Business Loan in Siliguri are:

07-24 Months – 4% of Principal Outstanding
25-36 Months – 3% of Principal Outstanding
For more than 36 months, the charges up to 2% of Principal Outstanding

Business Loan EMI Calculator Siliguri

CIBIL Score required for Business Loan Siliguri

Every lending institution has its criteria for the minimum CIBIL score required for processing the Business Loan application in Siliguri. Most foundations require a minimum score of CIBIL of 750 to process your Business Loan Siliguri application.

Apart from the CIBIL score, the foundations also look for the detailed behavior on the previous loans taken. It covers the type of loan taken and the loan amount borrowed. Any late payments for previous loans can act as a barricade to your availing of a new loan.