Business Loan Thiruvananthapuram

Best Banks for Business Loan in Thiruvananthapuram

Business Loan in Thiruvananthapuram Features

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

Business Loan in Thiruvananthapuram Interest Rates

To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates

Business Loan in Thiruvananthapuram Documents Required

Salaried Applicants:

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

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

Self-Employed Applicants:

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

Business Loan in Thiruvananthapuram Eligibility Criteria

Salaried Applicants

1. The job locality of the applicant should also be mentioned.
2.  An individual should have a minimum earning of INR 25,000/month
3. The minimum age of the individual should be 21 years and a maximum of 65 years.
4. Work experience of the three years and the income must be received in their accounts only.
5. Applicants should have an excellent credit history.

Self-Employed Applicants

1. The credit score of the individual applicants must be good and there must not be any debt or dues left of the individual.
2. The yearly income of the candidates should be a minimum of Rs 2.5 lakh.
3. The whole documentation process of the business loan is that the applicants have to present their financial and bank statements for the previous three months.
4. The least age for an independent person must be 25 years.
5. The applicants applying for the business loan should require to have a file of ITR for the last three years.
6. For the businessmen, the business should be functioning from the past three years constantly.

How to apply for Business Loan in Thiruvananthapuram?

1. Visit our website Dialabank.
2. Go to the loan section on the page and click on the business loan link.
3. The applicant will be directed to all the details of the business loan where they can choose their preferred city, according to their needs.
4. For more information on business loans and free assistance, you may call on 9878981166.

Processing Fees / Prepayment Charges on Business Loan in Thiruvananthapuram

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

If you want to close your loan before the agreed loan tenure period 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 duration of 1 year from the date of getting the loan. After that, the charges depend on how many years the loan has done.

The prepayment charges on Business Loan in Thiruvananthapuram 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 Thiruvananthapuram

CIBIL Score required for Business Loan Thiruvananthapuram

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

Apart from the CIBIL score, the organizations look for the detailed behavior on the previous loans taken. This includes the type of loan taken and the loan amount borrowed. Any late payments for previous loans can act as a hurdle to your availing of a new loan.

Business Loan Thiruvananthapuram Agents/Broker

Dialabank is the best agent for availing Business Loan in Thiruvananthapuram.

You can easily apply online for a Business Loan at Dialabank or contact at 9878981166

Business Loan Thiruvananthapuram Contact Number

Call 9878981166 and get instant help and approval for availing Business Loan Thiruvananthapuram.

Pre-Calculated EMI Table for Business Loan Thiruvananthapuram