Check Business Loan Interest Rates of all major banks of chennai Instantly
| Bank Name | Floating Interest Rate | Processing Fee |
|---|
| BAJAJ | 18% onwards | upto 3% of loan amount |
| FULLERTON | 13% to 16% per annum. | upto 2 % of the Loan Amount |
| Neo Growth | 18% to 24% | upto 2% of the loan amount |
| HDFC | 15.65% onwards | upto 2.50% of loan amount |
| Aditya birla | 17.00% - 26.00% | 2% of the loan amount |
| BAJAJ | 18% onwards | upto 3% of loan amount |
| MUFIN FINANCE | 13% to 22% | 2% of the loan amount |
| Punjab National Bank Business Loan | 12.6%- 15.60% | 1.8% + taxes |
| Kotak Mahindra Bank | 16.00% per annum | Maximum 3% of the Loan I Facility Amount (plus GST |
| HDB bank | 13.99% | upto 2% of loan amount. |
| ICICI | 16.49% | upto 2% (plus applicable taxes) |
| Prest loan | 15 % to 22 % | upto 3.00% of the total loan amount + Service Tax |
| IndusInd bank | 14.00% per annum | 2.50% |
| Vistaar finance | 15 % to 25 % | upto 2% of the loan amount |
| Lendingkart | 18% to 28% | upto 2% of the loan amount |
| IIFL | 18 to 25% p.a. | upto 3% of the loan amount |
| Federal Bank | 8.9% to 14% | upto 3% of the loan amount |
| Zip Loan | 16 % | 2 % |
| Incred Finance | 18% | upto 5% of the loan amount |
| Bank of baroda | 14.10% per annum | upto 1% |
| RBL BANK | 20.00% per annum, | 3% of loan amount |
| AXIS | 14.25% onwards | upto 2% of loan amount + applicable taxes |
| TATA CAPITAL | 19 % | upto 2.75% of the loan amount + GST |
About chennai
"
Formerly known as Madras, Chennai is the capital town of the state of Tamil Nadu. It is one of the most visited Indian cities by foreign tourists and is the biggest cultural, economic, and educational centre of South India.
Chennai is also nicknamed as “The Detroit of India” having a base of one third of India’s automobile industry. It is also a major film production centre and is home to Tamil Film Industry. For many centuries the region around Chennai has served as an important military, administrative, and economic centre. Ancient coins dating to around 500 BC have been found in the excavations in the city and surrounding areas. The sculpted caves and paintings of the age old period also have been identified from that period.
”About Business Loan in chennai
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 chennai 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 chennai
No worries for strict eligibility conditions. We tie-up with all the best lenders in the chennai 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 chennai
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 ElectrchennaiBill/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 chennai
Taking a business loan is an indispensable decision in one’s life. At chennai, 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 –
- 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.
- High Eligibility – Within a just few minutes, we will assess your business loan eligibility and suggest you the best available options in chennai. Our process is driven by automated technologies, and we help you get low EMI business Loan
- 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.
RBL Bank Limited
About
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).
BankingSMS BankingOnline BankingMobile/Phone Banking
ProductCorporate & Institutional BankingCommercial BankingBranch & Business BankingAgri Business BankingDevelopment Banking and Financial InclusionTreasury and Financial Markets Operationssavings accountscurrent accountsfixed deposits
Loanshome loanspersonal loansbusiness loanseducation loansauto loansloans against propertyoverdrafts against propertyloans against depositsgold metal loansworking capital finance
CardMastercard Credit Card
InsuranceLife InsuranceGeneral InsuranceHealth Insurance
Popular productCorporate & Institutional BankingCommercial BankingBranch & Business BankingAgri Business BankingDevelopment Banking and Financial InclusionTreasury and Financial Markets Operationssavings accountscurrent accountsfixed deposits
Branch
R A PURAM - CHENNAI
MADURAVOYAL CHENNAI
ANNA NAGAR
PARRYS CORNER
ADYAR
NUNGAMBAKKAM
CHENNAI
KOTAK MAHINDRA BANK LIMITED
About
Kotak Mahindra Bank Limited is a private sector Indian Bank headquartered in Mumbai, Maharashtra. The bank was founded in 98 and in February 00, Kotak Mahindra Finance Ltd. received the license from the Reserve Bank of India to carry on banking business. It had a network of ,88 full-fledged branches and ,99 ATMs in the country as of March 08.
BankingInternet BankingMobile BankingSMS Banking
ProductDepositFixed DepositRecurring DepositTax Saving Fixed DepositSenior Citizen Fixed DepositSweep-In Facility
LoansHome LoanCar LoanPersonal LoanEducation LoanGold LoanLoan Against SecuritiesLoan Against Property
CardCredit CardsDebit CardsForex / Prepaid Cards
InsuranceLife InsuranceHealth InsuranceMotor InsurancePradhan Mantri Jeevan Jyoti Bima YojanaPradhan Mantri Suraksha Bima YojanaAtal Pension Yojana
Popular productDepositFixed DepositRecurring DepositTax Saving Fixed DepositSenior Citizen Fixed DepositSweep-In Facility
Branch
VIRUGAMBAKKAM EARLIER VALASARAVAKKAM BR CHENNAI
CHENNAI VEPARY BRANCH
G N CHETTY BRANCH
CHENNAI CURRENCY CHEST
TIRUVANMIYUR BRANCH
NUNGAMBAKKAM CHENNAI
TAMBUCHETTY STREET CHENNAI
KILPAUK CHENNAI
ASHOK NAGAR CHENNAI
GUINDY MADRAS RACE CLUB CHENNAI
SANTHOME CHENNAI
ADAYAR CHENNAI
MADIPAKKAM CHENNAI
ANNA NAGAR CHENNAI
MYLAPORE CHENNAI
VILLIVAKKAM CHENNAI
MOUNT ROAD CHENNAI
SOUTH MAMBALAM CHENNAI
GNSTREET CHENNAI
CHENNAI PURAM BRANCH
ASHOK NAGAR BRANCH
SOWCARPET BRANCH
KOYEMBEDU BRANCH
R K SALAI BRANCH CHENNAI
KILPAUK BRANCH CHENNAI
NUNGAMBAKKAM BRANCH
VELLACHERY
PORUR
ANNA NAGAR
CHENNAI - T. NAGAR
CHENNAI - KODAMBAKKAM
CHENNAI - PARRY
ADAYAR
CHENNAI - ANNAI SALAI
YES BANK
About
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.
BankingWorking capital financeTerm loansCorporate financeLiquidity managementSalary accountFixed deposit accountSavings accountOrdinary account
ProductThe 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.
LoansPersonal loanSecured business loanHome loanConstruction equipment loanCar loanSuper bike loanCommercial vehicle loanGold loansLoans against securitiesMSME LoanHealth care equipment financePrinting equipment finance
Branch
MYLAPORE
GANDHI NAGAR, ADYAR
BESANT NAGAR
SOWCARPET
MOUNT ROAD
YES BANK LTD NOC CHENNAI
TRIPLICANE, CHENNAI
KK NAGAR, CHENNAI
ASHOK NAGAR
RA PURAM, CHENNAI
KILPAUK, CHENNAI
MUGGAPPAIR EAST, CHENNAI
R K SALAI
T NAGAR, CHENNAI
ANNANAGAR, CHENNAI
INDIRANAGAR, CHENNAI
PARRYS,CHENNAI
NUNGAMBAKKAM, CHENNAI