Best Banks for Business Loan in Sirsi
1% - 2.5% of the Loan Amt
Business Loan in Sirsi Features
- Business Loan Sirsi 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 security
- Business Loan Sirsi offers a Reasonable Rate of Interest starts at 10.45% per annum.
- Loan Tenure ranging from 12 – 48 months
- No foreclosure/ part closure shall be accepted in the first six 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 or refund of home loans, auto loans, and credit cards.
Business Loan in Sirsi Interest Rates
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Business Loan in Sirsi Documents Required
Salaried Applicants:
- PAN Card of the customer for getting a Business Loan.
- Residence Proof required (Owned/Rented/Company provided) for loans.
- Two Passport-sized photographs
- Identity proof necessary for the Business Loan Sirsi (Aadhar card/driving license/Voter Id)
- Salary slips of the last three months of the applicant are required.
- Bank statements for the previous 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
- Residence Proof( Current and Permanent) is required for applying.
- Two passport-sized photographs of the consumer applying for a loan.
- All financials are required of the applicant(Balance Sheet, P&L Statement as well as ITR files).
- PAN Card is mandatory
Business Loan in Sirsi Eligibility Criteria
Salaried Applicants
- The job location of the applicant must also be mentioned.
- A borrower should have a minimum earning of INR 25,000/month
- The minimum age of the applicant should be 21 years and a maximum of 65 years.
- Work experience of the three years and the stipend must be received in their accounts only.
- Candidates should have an outstanding credit history.
Self-Employed Applicants
- The credit score of the individual should be fair, and there should not be any debt or dues left.
- The yearly stipend of the candidates with a minimum of Rs 2.5 lakh.
- The entire documentation procedure of the business loan is that the applicants have to present their financial and bank statements for the previous three months.
- The minimum age requirement for an independent person must be 25 years.
- The applicants applying for the business loan should need to have a file of ITR for the last three years.
- For the businessmen, the business should be functioning from the past three years.
How to apply for Business Loan in Sirsi?
- Visit our website Dialabank
- Go to the loan section on the page and click the business loan link.
- The applicant will be directed to all the details of the business loan where they can choose their preferred city, according to their needs.
- For more information on business loans and free assistance, you may call on 9878981166.
Processing Fees / Prepayment Charges on Business Loan in Sirsi
Every Bank and NBFC charges a fee for processing your Business Loan application. Business Loan Sirsi charges a processing fee of up to 2.50% of the loan amount.
If you want to close your loan before the accepted loan tenure in the documents, every lending institution charges you a penal prepayment fee for the loan duration agreed earlier. In most cases, you cannot close the loan before the period of 12 months from the time of availing the loan. After that, the charges depend on how many years the loan has been done.
The prepayment charges on Business Loan Sirsi 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 Sirsi
Business Loan Sirsi Contact Number
You can easily apply online for a Business Loan Sirsi at Dialabank
Call 9878981166 and get instant help and approval for availing Business Loan Sirsi.
Pre-Calculated EMI Table for Business Loan Sirsi
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