Best Banks for Business Loan in Solan
1% - 2.5% of the Loan Amt
Business Loan in Solan Features
- Business Loan Solan provides business loans at an attractive @10.45% rate of interest.
- The loans are available up to Rs. 40 lakhs without any security.
- Business Loan Solan gives an Overdraft facility without any security.
- You can check your Business growth Loan eligibility online or at any branch in just 60 seconds.
- The tenure is ranging from 12-48 months.
- No Foreclosure/part Closure shall be permitted during the first 6 months.
- Tax benefits are also applicable as per laws.
- No guarantor/security is required.
Business Loan in Solan Interest Rates
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Business Loan in Solan Documents Required
Salaried Customers:
- For Identity proof:
- Aadhaar Card
- Passport
- Voter’s ID Card
- PAN Card
- Driving License
- For Address proof:
- Aadhaar Card
- Passport
- Voter’s ID Card
- Driving License
- Two passport-sized photographs are required.
- Payslips of the last three months of the candidate is also required.
- Bank statements for the last 6 months.
*NOTE: In case of rented houses, rent agreement needs to be attached.
Self-Employed Customers:
- PAN Card is compulsory for applying.
- Two passport-sized photos of the applicant are required.
- Aadhar Card as identity proof.
- Residence verification( Current and Permanent) is required for applying.
- All financial documents are required of the customer(Balance Sheet, P&L Statement as well as ITR files).
Business Loan in Pithapuram Eligibility Criteria
Salaried Applicants
- The minimum age of the applicant should be 21 years and the maximum age should be 60 years.
- The minimum income of the applicant should be INR 25,000 per month.
- The job position of the applicant should be mentioned.
- The candidate must have a decent credit history.
- Work experience of the three years and the payroll should also be received in their accounts only.
Self-Employed Applicants
- The annual income of the applicants should be a least of Rs 2.5 lakh.
- The minimum age of the applicant should be 25 years.
- Individuals who have been in the current business for a minimum of 3 years are eligible.
- 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 Business loan Solan is that the applicants have to present their financial and bank statements of the previous three months.
How to Apply for Business Loan in Solan?
- Visit our website Dialabank
- Go to the loan part on the page and click on the Business loan section.
- The applicant will address all the details of the Business loan Solan and also 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 in Solan
Every Bank and NBFC charges a fee for processing your loan request. Processing Fees charged by the Bank or NBFCs on Business Loan Solan is up to 2.50% of the loan amount.
If you close your loan before the accepted loan tenure in the documents, every lending company charges you a penal prepayment fee for the loan period agreed beforehand. In most cases, you cannot settle your loan before 12 months from the date of availing the loan. Post that the charges also vary depending on how many years the credit has been done. The Prepayment charges are mentioned 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 Solan
Business Loan Solan Contact Number
Call 9878981166 and get instant help and approval for availing Business Loan Solan.
Pre Calculated EMI Table for Business Loan Solan
Major localities offering Business Loan
Business Loan Nagpur | Business Loan Latur |
Business Loan Nashik | Business Loan Kolhapur |
Business Loan Nanded | Business Loan Jalna |
Business Loan Pune | Business Loan Jalgaon |