Business Loan in Visakhapatnam

Check business Loan Interest Rates of All Major Banks of Visakhapatnam Instantly
Bank Name
Floating Interest rate
Processing Fee
RBL BANK
20.00% per annum,
3% of loan amount
ICICI
16.49%
upto 2% (plus applicable taxes)
16.00% per annum
Maximum 3% of the Loan I Facility Amount (plus GST
Aditya birla
17.00% - 26.00%
2% of the loan amount
15.65% onwards
upto 2.50% of loan amount
12.6%- 15.60%
1.8% + taxes
Zip Loan
16 %
2 %
14.25% onwards
upto 2% of loan amount + applicable taxes
Incred Finance
18%
upto 5% of the loan amount
Federal Bank
8.9% to 14%
upto 3% of the loan amount
13% to 16% per annum.
upto 2 % of the Loan Amount
19 %
upto 2.75% of the loan amount + GST
MUFIN FINANCE
13% to 22%
2% of the loan amount
18% onwards
upto 3% of loan amount
14.10% per annum
upto 1%
Vistaar finance
15 % to 25 %
upto 2% of the loan amount
15 % to 22 %
upto 3.00% of the total loan amount + Service Tax
18% onwards
upto 3% of loan amount
14.00% per annum
2.50%
HDB bank
13.99%
upto 2% of loan amount.
Neo Growth
18% to 24%
upto 2% of the loan amount
18% to 28%
upto 2% of the loan amount
18 to 25% p.a.
upto 3% of the loan amount
ABOUT BUSINESS LOAN IN VISAKHAPATNAM

We aim to create a robust alternative credit ecosystem in the country. For this, we are digitizing the finance functions. Anywhere and everywhere – you can Apply for a Business Loan with just a few clicks.

Now, you can compare and make a wise choice for the best Business Loan in Visakhapatnam also. We bring forth a myriad of options from best banks and NBFCs for your convenience. It’s simple! Choose your desired product and win amazing assured cash backs up to ₹ 5000 on loan disbursal.

Eligibility Criteria for Business Loan in Visakhapatnam

No worries for strict eligibility conditions. We tie-up with all the best lenders in the Visakhapatnam and help you with flexible eligibility criteria. Self-employed/professionals – hope you meet the following eligibility parameters.

  • Applicants should own a business or engaged in practice since at least 1 year
  • Self-employed applicants should be between 25 to 60 years
  • Having net monthly income of Rs. 22,000
  • Turnover of minimum Rs 20 lakhs
  • Your ITR income should be equal to or above Rs 2,50,000
  • The firm should have been incorporated at least 2 years before

Documents Required for Business Loan in Visakhapatnam

We leverage existing and emerging technologies to offer you the complete digitalized process. Upload the required documents; it will take a few minutes.

  • Identity Proof – Pan Card/Driving License/Passport/Voter ID Card
  • Address Proof – Telephone or ElectrVisakhapatnamBill/Ration Card/Lease Agreement/Trade License/Sales Tax Certificate
  • Bank Statement – for the last 6 months statements
  • Mandatory Documents – Memorandum & Articles of Association/Sole Proprietorship declaration (Business Certificate)
  • Audited Financials – of last 3 years, signed by a C.A
  • IT Returns – for the last 2 years

Benefits & features of taking Business Loan in Visakhapatnam

Taking a business loan is an indispensable decision in one’s life. At Visakhapatnam, we have a plethora of options with added benefits. Everything is online – you don’t need to visit the bank.

Get ready to leverage the following benefits –

  1. Instant Approval – Yes. SBI, ICICI, HDFC, IIFL and other players are offering instant paperless business loan approval. Apply at Afinoz, and we will help you avail the Business Loan at best rate.
  2. High Eligibility – Within a just few minutes, we will assess your business loan eligibility and suggest you the best available options in Visakhapatnam. Our process is driven by automated technologies, and we help you get low EMI business Loan
  3. Balance Transfer – We will make you pay your EMI easily by reducing your debt amount. Transfer your Business Loan balance to save on money. Some lenders charge fee for a balance transfer.

Have a few clicks on our EMI Calculator and get your business loan EMI in quick time.

ABOUT VISAKHAPATNAM

Visakhapatnam (also known as Vizag) is the third largest city of Andhra Pradesh. Vizag was given nicknames like the city of destiny and the jewel of the east coast. It is state’s administrative headquarter and the headquarter of Indian Cost Guard. Located in the middle of Eastern Ghats and the coast of Bay of Bengal, the city is the most populous in Andhra Pradesh. And even with such stats, it is one of the major contributors of India’s GDP. Vizag’s cargo port is the fifth busiest in India and has the oldest shipyard. Its history is one of the oldest which goes back to before Christ era. At some point of time, the city was a part of Kalinga region. Due to the fact that the city was ruled by many kingdoms, it has the great amalgamations of many cultures. RK Beach, Simhachalam Temple, Kailashgiri and Visakhapatnam port are the favorite tourist destinations in Vishakapatnam.

TOP LOAN PROVIDERS IN VISAKHAPATNAM
ABOUT YES BANK, VISAKHAPATNAM, Andhra Pradesh

Yes Bank Limited is India’s fourth largest private sector bank headquartered in Mumbai, Maharashtra, India. Established in 00, the bank primarily operates as a corporate bank, with retail banking and asset management as subsidiary functions. As of March, 08, the bank had a network of ,00 branches; national operating centers; and ,7 ATMs and bunch note acceptors.

Bank Details
Product

The bank also offers retail banking solutions such as personal, secured business, home, construction equipment, car, super bike, commercial vehicle, gold loans, and loans against securities; business banking services to micro, small, and medium enterprises; and health care and printing equipment finance.

Banking

Working capital finance Term loans Corporate finance Liquidity management Salary account Fixed deposit account Savings account Ordinary account

Loans

Personal loan Secured business loan Home loan Construction equipment loan Car loan Super bike loan Commercial vehicle loan Gold loans Loans against securities MSME Loan Health care equipment finance Printing equipment finance

ABOUT RBL Bank Limited, VISAKHAPATNAM, Andhra Pradesh

RBL Bank (Ratnakar Bank Limited) is one of the fastest growing private sector banks in India, headquartered in Mumbai, Maharashtra. Established in August 9, currently the bank operates through a network of branches, 99 banking outlets and 9 ATMs spread across 0 Indian states and union territories. In August 99, the bank obtained Scheduled Commercial Bank status. It is listed on both BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).

Bank Details
Product

Corporate & Institutional Banking Commercial Banking Branch & Business Banking Agri Business Banking Development Banking and Financial Inclusion Treasury and Financial Markets Operations Savings accounts Current accounts Fixed deposits

Insurance

Life Insurance General Insurance Health Insurance

Banking

SMS Banking Online Banking Mobile/Phone Banking

Popular Product

Corporate & Institutional Banking Commercial Banking Branch & Business Banking Agri Business Banking Development Banking and Financial Inclusion Treasury and Financial Markets Operations Savings accounts Current accounts Fixed deposits

Loans

Home loans Personal loans Business loans Education loans Auto loans Loans against property Overdrafts against property Loans against deposits Gold metal loans Working capital finance

Cards

Mastercard Credit Card

ABOUT STATE BANK OF INDIA, VISAKHAPATNAM, Andhra Pradesh

State Bank of India (SBI) is India’s multinational public sector banking and financial services company. SBI was established in 80 and is headquartered in Mumbai, Maharashtra. The bank is the largest bank in India with a % market share in assets. State Bank of India operates a network of , branches and 9, ATMs in India and internationally. SBI operates through Treasury, Corporate/Wholesale Banking, Retail Banking, Insurance Business, and Other Banking Business channels. It extends a comprehensive range of banking products and services to individuals, commercial enterprises, corporates, and government bodies, and institutional customers in India and internationally. Its personal banking services include current accounts, savings accounts, term and recurring deposits; personal, home, auto, and education as well as loans against property and securities; and wealth management, demat, ATM, foreign inward remittance, safe deposit locker, public provident fund, money transfer, and pension policy, as well as cards and inflation indexed national savings securities cumulative bonds. It also provides corporate banking services including corporate accounts, working capital and project finance, deferred payment guarantees, corporate term loans, structured finance, dealer financing, channel financing, equipment leasing, loan syndication, financing Indian firms overseas subsidiaries or JVs, and construction equipment loans. In addition, the bank offers NRI services, such as accounts and deposits, remittances, investments, and loans; agricultural banking and micro credit to agriculturists and farmers; loans, supply chain finance, and deposits and transaction banking services for SME customers; and international banking services.

Bank Details
Product

Banking, Loans, Deposit

Insurance

Individual Insurance: Sbi life- eshield, Sbi life - poorna suraksha, Sbi life - sampoorn cancer suraksha, Sbi life- elncome shield, Sbi life- smart shield, Sbi life - saral Shield, SBI Life - Saral Swadhan +, SBI Life- Smart Swadhan Plus, SBI Life - Grameen Bina. Corporate Insurance Plan: SBI Life - Kalyan ULIP Plus, SBI Life- CapAssure Gold, SBI Life - Gaurav Jeevan, SBI Life- Pradhan Mantri Jeevan Jyoti Bima yojana, SBI Life- Sampoorn Suraksha

Banking

MoBile Banking, Internet Banking, Wholesale Banking, Retail Banking

Loans

Personal Loans, Car Loan, Loan Against Property, Education Loan, Housing Loans, Gold Loans, Corporate Term Loans

Cards

SBI Card ELITE, SBI Credit Cards, Air India SBI Platinum Card, Air India SBI Signature Card, SBI STYLEUP Contactless Credit Card, IRCTC SBI Platinum Card, Doctor's SBI Card, SBI Card ELITE Advantage

ABOUT KARNATAKA BANK LIMITED, VISAKHAPATNAM, Andhra Pradesh

The Karnataka Bank Limited is ‘A’ Class scheduled commercial bank founded on 8th February 9. Headquartered in Mangaluru in Karnataka, India, the bank has a national presence with a network of 8 branches, 7 ATMs and 0 e-lobbies spread across states and Union Territories. The bank has deployed the most modern information technology like core banking, internet banking and mobile banking etc. to meet customers’ expectation of services, for today and for future. The bank is listed on both the BSE and the NSE.

Bank Details
Product

Saving Account Loans Cards Insurance Investment

Insurance

Life Insurance Health insurance General Insurance

Banking

Core banking Internet banking Mobile banking Treasury, Corporate/Wholesale Banking Retail Banking

Popular Product

Saving Account Loans Cards Insurance Investment

Loans

Personal loan Business loan Home Loan Vechile Loan Loan against property Education Loan

Cards

Credit Card Debit card Deposit only card Image Card Travel card Gift card

Branches of KARNATAKA BANK LIMITED in VISAKHAPATNAM
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