Business Loan in Kolkata
About Business Loan in Kolkata
|Bank Name||Floating Interest Rate||Processing Fee|
|Kotak Mahindra Bank||16.00% per annum||Maximum 3% of the Loan I Facility Amount (plus GST|
|FULLERTON||13% to 16% per annum.||upto 2 % of the Loan Amount|
|Zip Loan||16 %||2 %|
|Federal Bank||8.9% to 14%||upto 3% of the loan amount|
|Lendingkart||18% to 28%||upto 2% of the loan amount|
|Bank of baroda||14.10% per annum||upto 1%|
|HDB bank||13.99%||upto 2% of loan amount.|
|AXIS||14.25% onwards||upto 2% of loan amount + applicable taxes|
|Incred Finance||18%||upto 5% of the loan amount|
|Aditya birla||17.00% - 26.00%||2% of the loan amount|
|TATA CAPITAL||19 %||upto 2.75% of the loan amount + GST|
|ICICI||16.49%||upto 2% (plus applicable taxes)|
|HDFC||15.65% onwards||upto 2.50% of loan amount|
|Punjab National Bank Business Loan||12.6%- 15.60%||1.8% + taxes|
|MUFIN FINANCE||13% to 22%||2% of the loan amount|
|RBL BANK||20.00% per annum,||3% of loan amount|
|IndusInd bank||14.00% per annum||2.50%|
|Prest loan||15 % to 22 %||upto 3.00% of the total loan amount + Service Tax|
|Vistaar finance||15 % to 25 %||upto 2% of the loan amount|
|IIFL||18 to 25% p.a.||upto 3% of the loan amount|
|Neo Growth||18% to 24%||upto 2% of the loan amount|
Kolkata is the capital of West Bengal, an Indian state. It is located on the east bank of the Hooghly River about 80 kilometers west of the border with Bangladesh. The Kolkata port is India's oldest operating port and it is the sole major riverine port.
The city derives its name from the Kolkata, the Bengali name of one of three villages that predated the arrival of the Britishers. The other two villages were Sutanuti and Govindapur. Today Kolkata is a city famous for its traditional soul, colonial architecture, cultural festivals, and street foods. There are various places in Kolkata to attract the tourist’s attention. Some of them are Howrah Bridge, Mullick Ghat Flower Market, Esplande, Park Street, Victoria Memorial, Birla Planaterium, Kumortuli, Khalighat Temple, Alipur Zoo and others.”
About business Loan in Kolkata
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 Kolkata 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 Kolkata
No worries for strict eligibility conditions. We tie-up with all the best lenders in the Kolkata 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 Kolkata
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 ElectrKolkataBill/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 Kolkata
Taking a business loan is an indispensable decision in one’s life. At Kolkata, 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 Kolkata. 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.
STATE BANK OF INDIA
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.
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.
KOTAK MAHINDRA BANK LIMITED
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.