Jana Small Finance Business Loan Key Features
| Jana Small Finance Interest Rate | 25% |
| Tenure | From 12 months to 36 months |
| Lowest EMI per lakh | ₹ 3,540 |
| Loan Amount | Max up to Rs. 1 lakh |
| Part Prepayment, Charges | No pre-payment permitted until repayment of 6 EMIs |
| Early Foreclosure, Charges | Allowed after 6 EMI’s, 5% |
| Jana Small Finance Processing Charges | Starting from 0.99%, Up to 2% |
| Repayment Period | 12 – 48 months |
| Prepayment Condition | No pre-payment permitted until repayment of 6 EMIs |
| Collateral | Not required |
Interest Rate, Fees, and Charges (Self Employed Non-Professional)
| Facility | Charges |
| Interest Rate Charges | 25% |
| Loan Processing Charges | Up to 2.50% + GST as applicable |
| Prepayment | No pre-payment permitted until repayment of 6 EMIs |
| No Due Certificate / No Objection Certificate (NOC) | NIL |
| Duplicate no due certificate / NOC | NIL |
| Solvency Certificate | Not applicable |
| Charges for late payment of EMI | @ 24% p.a. |
| Charges for changing from fixed to floating rate of interest | Not applicable |
| Charges for changing from floating to a fixed rate of interest | Not applicable |
| Stamp Duty & other statutory charges | As per applicable laws of the state |
| Credit assessment charges | Not applicable |
| Nonstandard repayment charges | Not applicable |
| Cheque swapping charges | ₹ 500/- |
| Amortization Schedule charges | ₹ 200/- |
| Cheque Bounce Charges | ₹ 550/- per cheque bounce |
| Legal / incidental charges | At actual |
| CIBIL Report Copy Charges | ₹ 50 Per Copy |
Interest Rate, Fees, and Charges (Self Employed Professional)
TABLE WILL APPEAR
Advantages of Jana Small Finance Business Loan
Some advantages of Jana Small Finance bank –
- Unlimited free ATM transactions at Jana Small Finance and other bank VISA ATMs in India
- No charges will apply to services like NEFT/RTGS transactions and demand drafts.
- If your credit score will be good there may be a chance of a low interest rate.
- Less paperwork is needed to get a Jana Small Finance business loan.
- You can use Jana Small Finance business loans in your flexible way.
- You can get multiple credit cards.
- You can simply pay by Internet Banking, Mobile Banking, SimplyPay UPI App, Online utility bill payment facility, etc.
- Now you don’t need to worry if you don’t have a minimum balance for CEP accounts, you can receive a salary without it also.
Jana Small Finance Business Loan Eligibility Criteria
| Eligibility Criteria | Description |
|---|---|
| Age | 25 to 65 years |
| Minimum Turnover | ₹ 60,00,000 |
| Business Existence (in months) | 36 months |
| ITR (months) | 24 months |
| Loan Amount | ₹ 1 Lakh to ₹ 40 Lakh |
| Loan Tenure | 36 months |
| Owned House or Place of Work | Required |
| CIBIL Score | 750 and above |
Jana Small Finance Business Loan Documents Required
List of Common Documents
- Voter ID card / Driving License/ PAN Card and MAPIN card are some documents required for Identity proof
- Passport /Ration card /Electricity Bill/ Sales Tax certificate/Trade license are some documents required for Proof of Residence.
- Copy of Bank Statement
- Latest ITR and statement of computation of Income for the last 2 yrs.
- Proof of continuity of business
- Other Mandatory Documents that are Certified copy of Memorandum & Articles of Association certified by a director, Sole Proprietorship Declaration.
- Financials audited/ certified by a CA
- Application form with the applicant’s signature and photograph.
- For Valid Proof for Identity: Sales Tax certificate, Trade license, Lease agreement, Ration card, Electricity Bill, Passport.
- For Residence Proof: Ration card Tel, Lease agreement, Electricity Bill, Passport, Trade license, Sales Tax certificate
- Age Proof: Passport, PAN card, Voter’s identity card
- Financial Documents: Copy of IT returns for the last two years and the latest Bank statements for 6 months along with the Profit and Loss balance sheet for the last two years audited by a C.A.
Self Employed (Private Ltd. Co. and Partnership Firms)
- Identity proof of private limited company: PAN Card, VAT, Service Tax, Sales tax, IT return of the concern/ Electricity bill /Water bill/ Registration under Shops Articles of Association, and Memorandum.
- Proof of identity to be submitted for the authorized signatories (2 Directors which includes the managing director) (any one of the following): PAN card, Voter’s identity card, Passport, and Driving license
Self Employed Individuals – Professionals
- Sole proprietorship need his/her identity proof
- PAN Card /Income tax return or Water bill, and electricity bill in the name of the concern
- Passport, Driving license, Voter’s identity card, PAN card must be submitted by a sole proprietor for identification.
- Address Proof for the Sole Proprietor: Driving license, Voter’s identity card, Ration card, Passport
Self Employed Individuals – Non Professionals:
- Sole proprietorship need to submit his/her id proof such as Passport, Voter’s identity card, Driving license
- Individual identity proof
- Last 3 years sales tax return
- Photocopy of periodic stock, creditors-statement for the latest three months, and age-wise book-debt.
- Photocopy of bank statement of main banker/copy of bank statement for the term loan for last months
- Last 3 years Income tax returns
It is mandatory to fill in the Business Loan Application form, irrespective of which business loan you are looking for, without the application the loan will not be processed.
Business Loan EMI Calculator for Jana Small Finance
| Loan Amount | 10 Year Loan | 15 Year Loan | 25 Year Loan |
| ₹ 20 Lakh | ₹ 24,958 | ₹ 19,871 | ₹ 16,307 |
| ₹ 30 Lakh | ₹ 37,437 | ₹ 29,807 | ₹ 24,461 |
Compare with Business Loan from other Banks
| Bank |
HDFC Bank
|
Jana Small Finance Bank
|
|---|---|---|
| Interest Rate | 15.65% – 21.35% | 25% |
| Processing Fees | Starting from 0.99%, Max 2.50% | from 0.99%, Up to 2% |
| Loan Amount | ₹ 50,000 to ₹ 50 Lakh | ₹ 1 Lakh to ₹ 40 Lakh |
| Loan Tenure | 12 to 48 Months | 12 to 36 Months |
| Lowest EMI Per Lakh | ₹ 2,816 per lakh | ₹ 3,540 per lakh |
| Part Payment Charges | Not Allowed | Not Allowed |
| Foreclosure Charges | Allowed after 12 months at 2 – 4% | Allowed after 6 months at 5% |
| Borrower’s Age | 21 to 65 Years | 25 to 65 Years |
| Minimum Years in Business Required | 36 Months | 36 Months |
| Minimum Turnover Required | ₹ 1 Cr | ₹ 60 Lakh |
Video: How to apply for Jana Small Finance Business Loan
VIDEO WILL APPEAR
Purpose of Business Loan from Jana Small Finance
- Expansion of your business and stock – If you are planning to expand your business or want to increase your stock, want to add more capital so you can go for a business loan.
- Cash flow – It is always a hard part for small businesses and it always is a headache for your business until the customer will pay you which will lead to in and out of cash in your business.
- To Improve Terms on a Larger Loan – If you are planning for a huge amount of loan in the future to upgrade your business or machinery so it will a suggestion to may the previous loan to maintain a good credit score.
EMIs of Several Banks and NBFCs for Different Tenures
EMI for different Business Loan amounts and tenures. Here you can compare which is pocket friendly to you.
| Total Loan Amount | Loan Tenure | ||
|---|---|---|---|
| Loan Amount (Rs.) | 10 years | 15 years | 25 years |
| 2,500,000 | ₹ 31,197 | ₹ 24,839 | 20,384 |
| 5,000,000 | ₹ 62,395 | ₹ 49,678 | 40,768 |
| 7,500,000 | ₹ 93,592 | ₹ 74,516 | 61,152 |
| 10,000,000 | ₹ 1.25 Lakh | ₹ 99,355 | 81,536 |
Other Loan Products from Jana Small Finance
| Personal Loan | Gold Loan |
| Car Loan | Education Loan |
Why should you apply for Jana Small Finance Business Loan at Dialabank
- This is the best platform to apply and get all help and assistance to avail of these loans, which is for free.
- It provides the best service in the country by evaluating the bank’s services, not by its reputation.
- Dialabank’s assistance advantage is that it provides the least rate of interest on business loans in the market.
- This service also provides documentation at the doorsteps. That means no bank visits.
- Dialabank also assists with the least paperwork.
- Dialabank has earned a reputation from the customers by helping them. The bank loans are provided directly from the banks, so there is no risk involved in the fraud.
Know more about Dialabank by visiting us online or by calling on 9878981166.
How to calculate EMI for Jana Small Finance Bank Business Loans?
Table Showing EMI, Interest Outgo, and Total Repayment Amount
| LOAN AMOUNT | INTEREST RATE | TENURE | MONTHLY INSTALMENT | TOTAL INTEREST AMOUNT | TOTAL AMOUNT |
|---|---|---|---|---|---|
| ₹ 3,00,000 | 14.10% | 1 | ₹ 26,555 | ₹ 18,661 | ₹ 3,18,661 |
| ₹ 3,00,000 | 14.10% | 2 | ₹ 14,023 | ₹ 36,547 | ₹ 3,36,547 |
| ₹ 3,00,000 | 14.10% | 3 | ₹ 9863 | ₹ 55,063 | ₹ 3,55,063 |
| ₹ 3,00,000 | 14.10% | 4 | ₹ 7796 | ₹ 74,207 | ₹ 3,74,207 |
| ₹ 3,00,000 | 14.10% | 5 | ₹ 6566 | ₹ 93,972 | ₹ 3,93,972 |
You can also calculate the specific loan amount EMIs on Dialabank’s EMI Calculator.
Benefits of Jana Small Finance Business Loans
- Jana Small Finance business loan helps to purchase assets for business which will help you in expansion.
- Jana Small Finance required less paperwork, so the process will be hurdle free and fast.
- If your credit history will be good there are chances you may have to pay a low-interest rate.
- Jana Small Finance will help you in the cash flow of your business.
- Increment in sales and business growth.
Jana Small Finance Business Loan Processing Time
Banks generally convey their decision on a loan within 30 days of submitting a loan application. However, some banks also offer instant loan offers, which can be approved within a few hours to 2-3 days. The turnaround time for a Jana Small Finance Bank instant loan can be 2 to 3 days.
Jana Small Finance Business Loan Preclosure
Business Loan Preclosure charges are 2% of the disbursed limit.
Pre Calculated EMI Table for Jana Small Finance BL
| Loan Amount | 5 Year Loan | 7 Year Loan | 15 Year Loan |
|---|---|---|---|
| ₹ 20 Lakh | ₹ 42,298 | ₹ 32,996 | ₹ 21,248 |
| ₹ 30 Lakh | ₹ 63,446 | ₹ 49,494 | ₹ 31,872 |
How to Apply for Jana Small Finance Business Loan Online?
- Visit Dialabank
- Go to the loan section and click on the Jana Small Finance business loan link.
- The applicant will be directed to all details of the business Loan where they can choose their preferred bank.
- For more information and free guidance, you may call on 9878981166.
- Check the eligibility criteria for the Business loan offered by Bank and fill a user-friendly Jana small finance Business Loan.
Jana Small Finance Business Loan Status
You can find the loan status by Calling at +919878981166 or by visiting Main Jana Small Finance Bank
Dialabank Jana Small Finance Business Loan Customer Care Number
Dialabank is the leading agent for availing Jana Small Finance Business Loan. You can apply online at Dialabank or give a call at +919878981166
Dialabank helps you to find the best option for Banks and NBFCs by providing you with a detailed market comparison of different banks so that you can make the right choice.
FAQs
✅ How much loan amount applicant can get through a business loan from Jana Small Finance Bank?
From rs 50,000 to INR 4,000,000 and also depend on applicant income.
✅ How do I repay my Jana Small Finance business loan?
It should be repaid through EMIs- Equated Monthly Installments; it can either be through standing instructions and post-dated cheque.
✅Do applicants need any security thing to get a Jana Small Finance business loan?
No, they don’t need to put in any security to get a loan.
✅ Who are eligible for a Jana Small Finance business loan?
Public and private companies, sole traders, and partnership firms.
