Best Banks for Business Loan Tumkur
1% - 2.5% of the Loan Amt
Business Loan in Tumkur Features
Good looking Interest rate @10.45 percent p.a.- No foreclosure/part closing is required within the first six months of the setting of the cap.
- Company Loan Tumkur without any protection offers an Overdraft service.
- Availability of loans of up to Rs. Forty lakhs (in some selected areas up to Rs. 50 lakhs) without any protection.
- Tenure of 12 to 48 months.
- In just 60 seconds, check your Company Development Loan eligibility online or in any office.
- Loans are charged on the basis of past mortgage loan contributions, car loans, and credit cards.
Business Loan Tumkur Interest Rates
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Business Loan Tumkur Documents Required
Salaried Customers:
- PAN Card of the individual who makes use of the business loan.
- Residence Evidence required for loans (Owned / Rented / Company given).
- Identity evidence provided by the Tumkur Business Loan(Aadhar card/driving license / Voter I d)
- Payslips are also expected of the applicant for the last three months.
- Passport-sized images-2.
- Bank documents from the person demanding a loan for the previous 6 months.
*NOTE: Leasing contracts must be linked in the case of occupied properties.
Self-Employed Customers:
- Aadhar Card Card
- For the application, residence verification (current and permanent) is required.
- The PAN Card is mandatory for applications.
- Two passport-sized pictures of the person who is applying for a loan.
- The client (Balance Sheet, P&L Statement, and ITR files) wants all financial records.
Business Loan in Tumkur Eligibility Criteria
Salaried Applicants
- A person’s minimum age should be 21 years and a median age of 60.
- Three years of work experience and payroll can now be gained just in their accounts.
- It is therefore important to address the applicant’s work status.
- The creditor could also have the lowest revenue per month for INR 25,000.
- Candidates deserve to have an outstanding history of credit.
Self-Employed Applicants
- For an adult person, the minimum age should be 25.
- Applicants seeking a business loan may have to submit an ITR file for the last three years.
- The business shall run continuously from the preceding three years.
- The credit score of the individual applicants should be equal, and the client should not have any debt or dues left.
- The applicants’ annual earnings should be at least Rs 2.5 lakh.
- The whole reporting form of the business loan is that the borrowers are expected to apply their accounting statements and bank accounts for the preceding three months.
How to Apply for Business Loan in Tumkur?
- Visit our Dialabank web site
- Go to the portion of the loan on the list and click on the section on the company loan.
- The borrower can contact you with all the specifics of the business loan where, according to their needs, they can select their preferred city.
- You should dial 9878981166 for more information on company financing and free administration.
Processing Fees / Prepayment Charges on Business Loan Tumkur
For processing your loan application, every bank and NBFC charges a fee. Tumkur Company Loan Payment Fees paid by the Bank or NBFCs are up to 2.50 percent of the amount of the loan.
If you close the loan in the documentation prior to the approved loan tenure, each credit institution will owe you a penal prepayment fee for the previously negotiated loan duration. In most cases, the debt will not be repaid within 12 months of the day the debt is used. The costs may vary based on how many years the credit has been taken out. The fees for prepayments are described below:
- 07-24 Months – 4% of Principal Outstanding
- 25-36 Months – 3% of Principal Outstanding
- >36 Months – 2% of Principal Outstanding
Business Loan Tumkur EMI Calculator
Business Loan Tumkur Contact Number
Call 9878981166 and Get immediate support and permission to use the Tumkur Company Credit.
Pre Calculated EMI Table for Business Loan Tumkur
