Easy Business Loan Chennai - Lowest Interest Rates

Quick and Easy Business Loan In chennai with Low Interest and Fast Disbursal


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Business Loan Chennai

To begin any business or to bear on the usefulness of the current business one needs subsidizes. Be that as it may, the inquiry emerges from where you can get these assets. A business loan might be the response to every single such inquiry. A business loan is something like individual loan, however it is uncommonly designed to meet your business necessities and objectives. With a business loan, you obtain a certain measure of cash for a residency, with financing cost and month to month repayment choice are settled with the term.

Bank Business Loan Interest Rates 2018

Bank Name Interest Rates Processing Fees Tenure Disbursal Duration
HDFC BANK 15% - 19% 2.49% 12-60months 4 Days
ICICI BANK 16%-22% 2.00% 12-60months 5 Days
TATA Capital 18%-24% 2.50% 12-60months 5 Days
BAJAJ FINSERV 19%-23% 2.00% 12-60months 2 Days
YES BANK 15.5%-21% 2.00% 12-60months 5 Days
RBL BANK 19%-26% 2.50% 12-60months 5 Days
Fullerton India 22%- 29% 3.00% 12-60months 7 Days
Capital First 18%-25% 3.00% 12-60months 4 to 5 Days
Aditya Birla 20%-26% 2.00% 12-60months 3 Days
Kotak Bank 18%-23% 2.50% 12-60months 7 Days

Business Loans Eligibility

business loans in chennai can be availed with or without security, it relies upon the bank that offers advance and after that the measure of hazard they are prepared to take. Regardless of whether business loan is for a current business or to begin a fresh out of the box new one, there are numerous banks in India that offers advance for both little and huge organizations. Getting endorsement and cash is conceivable inside couple of days on the off chance that you have every single essential report and in the event that you meet the qualification criteria. Here is the rundown of qualification criteria to apply for a business loans.
  • Age Limit: The applicant should be min 21 years & max. 65 years.
  • Income: Business should be profit making at least for the past 2 years.
  • Turnover: Rs. 150,000 p.a. should be the minimum annual income.
  • Co-applicants: This is optional to the applicant, not mandatory in case of business loan.

Why take Business Loan? 

The main purposes for availing a business loan chennai are listed below:
  1. To expand the business.
  2. To expand business location.
  3. To start a whole new business.
  4. To build credit for future requirements.
  5. To purchase equipment for business.
  6. To purchase more inventories.
  7. To bring in fresh talents to the business.
CALL US NOW @ tel:+919884777784

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