Kashi Gomti Samyut Gramin Bank Business Loan Key Features
| Kashi Gomti Samyut Gramin Bank Interest Rate | 11.2% |
| Tenure | up to 36 months |
| Lowest EMI per lakh | ₹ 3,423 |
| Loan Amount | Min ₹ 1 lakh and Max ₹ 8 lakh |
| Part Prepayment, Charges | Allowed after 1 EMI’s, |
| Early Foreclosure, Charges | Allowed after 1 EMI’s |
| Kashi Gomti Samyut Gramin Bank Processing Charges | Up to 2.50% of the loan amount (Min. Rs. 1 lakh – Max. Rs. 8 lakh) |
| Prepayment Charges | 07-24 Months – 4% of Principal Outstanding Amount
25-36 Months – 3% of Principal Outstanding Amount More than 36 Months – 2% of Principal Outstanding Amount |
| 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 | 11.2% |
| 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/- |
| Loan cancellation charges | NIL (However Interest would be charged for the interim period between the date of loan disbursement and date of loan cancellation and processing fees would be retained) |
| 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 Kashi Gomti Samyut Gramin Bank Business Loan
Kashi Gomti Samyut Gramin Bank offers personalized goods to its customers in order to satisfy the requirements of its unique customer segments. Furthermore, Kashi Gomti Samyut Gramin company gives:
- No intervention by the bank in the way the applicant’s company works.
- Unlimited free ATM transactions in India at Tamilnad Mercantile Bank and other VISA ATM banks.
- No charges on transactions of NEFT / RTGS and demand draughts.
- If the loan is accepted, the funds are quick and easy to access.
- Reimbursement plan-a a distinct current account for smooth monitoring of reimbursement.
- With Instant Welcome Packs (IWP), workers assisted with the digital account opening.
- Applicants with a rich relationship with the bank would have competitive interest rates.
- Preferential rates on home and personal loans.
Kashi Gomti Samyut Gramin Bank Business Loan Eligibility Criteria
| Eligibility Criteria | Description |
|---|---|
| Age | 21 to 60 years |
| Minimum Turnover | ₹ 0 |
| Business Existence (in months) | 0 months |
| ITR (months) | 6 months |
| Loan Amount | ₹ 1 Lakh to ₹ 8 Lakh |
| Loan Tenure | up to 36 months |
| Owned House or Place of Work | Not Required |
| CIBIL Score | 750 and above |
Kashi Gomti Samyut Gramin Bank Business Loan Documents Required
Common Documents:
- Valid Proof for Identity: Passport / Ration card / Electricity Bill / Voter ID card / Passport / Driving License/ PAN Card and MAPIN card/ Lease agreement / Sales Tax certificate/Trade licence
- Residence Proof: Lease agreement / Passport / Trade license / Electricity Bill / 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.
- 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 Sole Proprietorship Declaration, Certified copy of Memorandum & Articles of Association certified by a director
- Original Board resolution
- Financials audited/ certified by a CA
* (If Pvt ltd Co. Then Partnership Authorization Letter/ co-borrower if partnership firm just a co-borrower
Self Employed (Private Ltd. Co. and Partnership Firms)
- Identity proof of the company: PAN ID /VAT /Service tax / Sales tax /Excise registration, / IT return of the concern/ Electricity bill /Water bill/ Registration under Shops and Establishment Act/Municipal tax bill in the name of the concern, Articles of Association and Memorandum
- Proof of identity: To be submitted with two authorized signatories such as 2 Directors including the managing director, with (any one of the following): PAN card, Voter’s identity card, Passport, and Driving license
- Financial Documents: Copies of IT returns for the last two years and Profit and Loss balance sheet for the last two years audited by a C.A
Self Employed Individuals – Professionals
- Identity Proof for Sole Proprietorship: PAN ID / IT return of the concern or Municipal tax, Water bill, and electricity bill in the name of the concern.
- Identity proof for the Sole Proprietor: Passport, Voter’s identity card, Driving license, PAN card.
- Address Proof for the Sole Proprietor: Driving license, Voter’s identity card, Ration card, Passport
- Financial Documents: Copies of IT returns for the last two years and Bank statements for the last 6 months along with the Profit and Loss balance sheet for the last two years audited by a C.A
Self Employed Individuals – Non Professionals:
- Identity proof: Documents to be submitted for the sole proprietorship as well as for the individual’s (owner) identity.
- Copy of periodic stock, age-wise book-debt and creditors-statement for latest three months
- Copy of bank statement of main banker/copy of bank statement for the term loan for last months
- Financial Documents: Profit and Loss balance sheet for the last two years audited by a C.A, Sales tax returns for a minimum of 3 years, and the Copies of IT returns for the last three years.
Business Loan EMI Calculator for Kashi Gomti Samyut Gramin Bank
The following is the EMI calculated table for Kashi Gomti Samyut Gramin Bank Business loan:
| 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 |
| ₹ 50 Lakh | ₹ 62,395 | ₹ 49,678 | ₹ 40,768 |
Calculate EMIs with the help of Dialabank’s fast and accurate EMI Calculator!
Compare Kashi Gomti Samyut Gramin Bank Business Loan With Other Banks
| Bank |
HDFC Bank
|
Kashi Gomti Samyut Gramin Bank
|
|---|---|---|
| Interest Rate | 15.65% – 21.35% | 11.2% |
| Processing Fees | Starting from 0.99%, Max 2.50% | Starting from 1%, Max 2.50% |
| Loan Amount | ₹ 50,000 to ₹ 50 Lakh | ₹ 1 lakh to ₹ 8 Lakh |
| Loan Tenure | 12 to 48 Months | up to 38 Months |
| Lowest EMI Per Lakh | ₹ 2,816 per lakh | ₹ 3,423 per lakh |
| Part Payment Charges | Not Allowed | Not Allowed |
| Foreclosure Charges | Allowed after 12 months at 2 – 4% | Allowed after 1 EMI’s |
| 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 |
More Banks to compare with Kashi Gomti Samyut Gramin Bank Business Loan:
| Barclays Bank | Canara Bank | Private Bank | ING Vysya Bank |
| HSBC | Citibank | Kotak Mahindra Bank | |
Video: How to apply for Kashi Gomti Samyut Gramin Bank Business Loan
VIDEO WILL APPEAR!
Purpose of Business Loan from Kashi Gomti Samyut Gramin Bank
Availing a Business Loan from Kashi Gomti Samyut Gramin Bank can cover and help with:
- Maintaining a healthy cash flow to make payments to the suppliers on time.
- Instant availability of liquidity to finance the everyday needs of the business.
- The loan amount can be used to cover up all the expenses related to business expansion.
- Covers the cost of buying new or upgrading machinery or equipment.
- Covers the cost of purchasing new inventories.
EMIs of Several Banks and NBFCs for Different Tenures
The following table shows the approximate values of EMI’s offered by banks and NBFC’s other than Kashi Gomti Samyut Gramin Bank
| 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 Kashi Gomti Samyut Gramin Bank
| Personal Loan | Gold Loan |
| Car Loan | Education Loan |
Why should you apply for Kashi Gomti Samyut Gramin Bank Business Loan at Dialabank?
DialaBank is India’s first helpline service for online banking. By minimizing the complicated paperwork and application process, it acts as a bridge between you and your desired bank collection. Dialabank ‘s key master card is the best deal according to your requirements, as it has successfully offered all the terms promised to all its customers without any disappointment.
Dialabank has been approved by its own customers and other authorized bodies and that is why it is placed on the top of its competitor’s leaderboard.
Know guide regarding Dialabank by going us digitally or by dialling on 9878981166.
How to calculate EMI for Kashi Gomti Samyut Gramin Bank Business Loan?
Table Showing EMI, Interest Outgo, and Total Repayment Amount
| LOAN AMOUNT | INTEREST RATE | TENURE | MONTHLY INSTALMENT | TOTAL INTEREST AMOUNT | TOTAL AMOUNT |
|---|---|---|---|---|---|
| ₹ 3,00,000 | 11.2% | 1 | ₹ 26,555 | ₹ 18,661 | ₹ 3,18,661 |
| ₹ 3,00,000 | 11.2% | 2 | ₹ 14,023 | ₹ 36,547 | ₹ 3,36,547 |
| ₹ 3,00,000 | 11.2% | 3 | ₹ 9863 | ₹ 55,063 | ₹ 3,55,063 |
| ₹ 3,00,000 | 11.2% | 4 | ₹ 7796 | ₹ 74,207 | ₹ 3,74,207 |
| ₹ 3,00,000 | 11.2% | 5 | ₹ 6566 | ₹ 93,972 | ₹ 3,93,972 |
You can also calculate the specific loan amount EMIs on Dialabank’s EMI Calculator.
Benefits of Kashi Gomti Samyut Gramin Bank Business Loan
Kashi Gomti Samyut Gramin Bank provides self-employed and businessmen with business loans to fund their company’s growth or working capital needs. There are many benefits of availing loan from the Kashi Gomti Samyut Gramin Bank:
- Dropline Overdraft to save interest.
- High loan amount up to Rs. 8 Lakh.
- No collateral or guarantor is required.
- The balance transfer option is available.
- Flexible tenure and easy process.
- Fast Approvals and disbursals.
- Low and flexible interest rates.
- Simple and minimum paperwork required.
Kashi Gomti Samyut Gramin Bank Business Loan Processing Time
In the case of loan applications for Commercial Banking customers, the Bank will take 30 working days to communicate the decision after the customer has duly submitted all the details requested by the Bank.
Kashi Gomti Samyut Gramin Bank Business Loan Preclosure
Kashi Gomti Samyut Gramin Bank’s Business Loan Preclosure charges vary between 2% to 2.5% of the disbursed limit.
Pre Calculated EMI Table for Kashi Gomti Samyut Gramin Bank Business Loan
The Loan EMI in Kashi Gomti Samyut Gramin Bank depends upon the occupation (businessmen, self-employed, salaried), loan amount, loan tenure, and interest rate.
| 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 |
| ₹ 50 Lakh | ₹ 1,05,744 | ₹ 82,490 | ₹ 53,120 |
How to Apply for Kashi Gomti Samyut Gramin Bank Business Loan Online?
- Visit Dialabank.
- Go to the loan section and click on the Business Loan link.
- Check the eligibility criteria for the Business loan offered by Kashi Gomti Samyut Gramin Bank and fill a user-friendly online application form for Business Loan.
- One of our relationship managers will soon get in touch with you for further process
- For more information and free guidance, you may call on +919878981166.
Kashi Gomti Samyut Gramin Bank Business Loan Status
You can find the loan status by Calling at +919878981166 or by visiting the Main Bank of Kashi Gomti Samyut Gramin Bank Site.
Dialabank Kashi Gomti Samyut Gramin Bank Business Loan Customer Care Number
To find the answer to your questions concerning a business loan, give a call at +919878981166
By providing you with a comprehensive market analysis of different banks, Dialabank allows you to find the best alternative for banks and NBFCs so that you can make the correct decision.
Kashi Gomti Samyut Gramin Bank Business Loan FAQs
✅ Is a guarantor required for the Kashi Gomti Samyut Gramin Bank Business Loan?
No form of security is required while applying for Kashi Gomti Samyut Gramin Bank’s Business Loan.
✅ How do I repay my business loan?
It really should be repayment through stand orders and a post-dated cheque via EMIs.
✅ What are the minimum and maximum range of tenure of business loans in the Kashi Gomti Samyut Gramin Bank?
These loans are loans with a shorter term. Within a flexible duration of at least up to 38 months, you will repay your loan.
✅ How much business loan amount I can borrow from the Kashi Gomti Samyut Gramin Bank?
Kashi Gomti Samyut Gramin Bank offers you a loan if you need a minimum amount of ₹ 1 lakh to a maximum amount of ₹ 8 Lakh.
