Obviously, I am writing this review because Team LoanKorner delivered on their promise to fund my loan and finally take me out of the cycle of the higher cost loan products that had plagued me and my business. Bharat Shukla and his staff were diligent in keeping me apprised of the status of my request, throughout the underwriting and approval process, and they provided me honest, direct feedback, every step of the way.
Thanks again!
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Key Features & Benefits of HDFC Business Loan in India
- Avail of a loan up to Rs. 40 lakhs (up to Rs. 50 lakhs in select locations) without any collateral, guarantor or security.
- Transfer your existing Business Loan to HDFC Bank for lower EMIs, and enjoy our benefits.
- Dropline Overdraft Facility : It provides Overdraft facility without any security. Limit is set in separate Current account which drops monthly till end of the tenure.
- Quick Eligibility Check & Disbursal
- Flexible Tenure: You can repay your loan over a period of 12 to 48 months.
- Convenient Borrowing: For any help with your loan, you can reach out to us via Call: +91-9810094242
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Business Loan Interest Rates - Compare Online in India
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- Apply for SBI Business Loan in Delhi
- Apply for Bank of Baroda Business Loan in Noida
- Apply for PNB Business Loan in Gurgaon
- Apply for HDFC Business Loan in Faridabad
- Apply for Dhanlaxmi Bank Business Loan
- Apply for ICICI Bank Business Loans
- Apply for LIC Business Loan
- Apply for Citibank Business Loan
- Apply for Standard Chartered Bank Business Loan
- Apply for Punjab National Bank Business Loan
- Apply for Indian Overseas Bank Business Loan
- Apply for Canara Bank Business Loan
- Apply for DHFL Business Loans
- Apply for IDBI Business Loan
- Apply for Central Bank of India Business Loans
- Apply for Allahabad Bank Business Loans
- Apply for Dena Bank Business Loans
- Apply for RBL Bank Business Loans
- Apply for PNB Business Loan
- Apply for Indiabulls Business Loans
- Apply for UCO Bank Business Loans
- Apply for Punjab & Sind Bank Business Loan
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Business Loan Knowledge base
Business Loan Eligibility Criteria in New Delhi
Parameters | Business Loan Eligibility Criteria |
---|---|
Eligible Entities | Self employed non professionals – Sole proprietors, partnership firms, private limited companies, public limited companies involved in the business of manufacturing, trading and services Self employed professionals – Doctors, CA, CS, Architects. |
Age | 21 – 65 years |
Loan Amount | Rs. 50,000 to Rs. 100 Cr |
Interest Rate | 13.50% – 20.00% |
Loan Tenure | Up to 5 years |
Business Vintage | For self employed professional – 3 years For self employed businessmen – 5 years |
Annual Turnover | Rs. 10 Lakh and above |
Banking Stability | 6 months and above |
CIBIL Score | 650 or above |
Other Eligibility Conditions | Borrower should have a self owned house or work place |
Business Loan Documentation Requirement
- Signed Application Form
- Identity Proof (PAN)
- Residential Address Proof
- Last 3 years ITR (self and business), profit and loss account, balance sheets certified/audited by a CA.
- Last 12 months bank account statement (self and business)
- Certificate and Proof of Business Existence
- Business Profile
- Office address – ownership/ lease / rent agreement/ utility bill
Individuals | Firms, Partnerships | |
---|---|---|
Identity Proof | PAN card, Passport, Driving License, Aadhar Card, Voter id, Govt issued i-card | |
Certificate and Proof of Business Existence | PAN , sales tax/ excise/ VAT/ service tax registration, Copy of partnership deed, Trade license, certificate of practice, registration certificate issued by RBI, SEBI | |
Address Proof | Passport, Driving License, Election ID card, Electricity/ Telephone/ Mobile bill/ bank statement (not more than 3 months old) | Bank statement, utility bill, Registry copy, lease or rent agreement, TAN allotment letter |
Business Loan Interest Rates - FEB 2018
Bank | Business Loan Interest Rates | Processing Fee |
---|---|---|
SBI Business Loan | 11.20% | From 2% to 3% |
HDFC Bank Business Loan | 15.50% | Starting from 0.99%, Max 2.50% |
ICICI Bank Business Loan | 15.50% | Starting from 0.99%, Up to 2% |
Citibank | 15.99% | Upto 0.5% |
RBL Bank | 20.00% | 3% of loan amount |
Tata Capital | 13.50% | From 1.50% to 2.50% |
Lendingkart | 18.00% | 1% of loan amount |
Bajaj Finserv | 14.00% | Upto 2% of loan amount |
Kotak Bank | 16.00% | Upto 2% |
Bank of Maharashtra | 14.50% | 1% of loan amount, Min Rs. 1,000 |
IndusInd Bank | 14.00% | 2.50% |
Bank of Baroda | 14.10% | Upto 1% |
Fullerton India | 16.00% | 2% |
IDBI Bank | 13.00% | 1% |
Allahabad Bank | 11.10% | Rs. 229 – per lac, Min Rs. 2,038 Max Rs. 22,928 |
PNB | 12.60% | 1.8% + taxes |
OBC | 11.95% | 0.50% of Loan Amount |
Indian Overseas Bank | 14.90% | Rs. 204 per lakh |
Dhan Laxmi Bank | 13.15% | |
DCB Bank | 10.70% | 2% |
Andhra Bank | 15.75% | Case to Case |
United Bank of India | 14.15% | 1.15% |
Corporation Bank | 13.55% | 1.5%, Min Rs. 500 |
Syndicate Bank | 14.45% | 0.5%, Min Rs. 500 |