Business Loan in Mysuru

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

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 mysuru 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 mysuru

No worries for strict eligibility conditions. We tie-up with all the best lenders in the mysuru 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 mysuru

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 ElectrmysuruBill/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 mysuru

Taking a business loan is an indispensable decision in one’s life. At mysuru, 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 mysuru. 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 MYSURU

Mysuru is also spelled as Mysore. It is a city located in the southern part of the Indian state Karnataka. It is geographically situated between 12° 18′ 26″ north latitude and 76° 38′ 59″ east longitude. Mysuru is located at an altitude of 2,427 ft. Mysuru City is also the administrative headquarters of the Mysuru district and the Mysuru division.

The city is popular for its heritage structures and palaces, including the Mysore Palace. Mysuru lends its name to many art forms and culture, like Mysore Dasara, the sweet dish Mysore Pak, Mysore Masala Dosa, Mysore Painting, brands such as Mysore Ink, Mysore Sandal Soap, and styles and cosmetics like Mysore Peta (a traditional silk turban) and the Mysore Silk sarees.

Tourism is the prominent industry alongside the traditional industries. The famous tourist's places in Mysuru city are Somanathapura Temple, Brindavan Gardens, Mysore Zoo, Chamundeshwari Temple, Mysore Palace, GRS Fantasy Park, St. Philomena’s Church, Jaganmohan Palace, Talakadu, Karanji Lake, Folklore Museum, Trinesvaraswamy Temple, Nanjangud, Melukote Temple and many others.

TOP LOAN PROVIDERS IN MYSURU
ABOUT RBL Bank Limited, MYSURU, Karnataka

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, MYSURU, Karnataka

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

Branches of STATE BANK OF INDIA in MYSURU
ABOUT KOTAK MAHINDRA BANK LIMITED, MYSURU, Karnataka

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.

Bank Details
Product

Deposit Fixed Deposit Recurring Deposit Tax Saving Fixed Deposit Senior Citizen Fixed Deposit Sweep-In Facility

Insurance

Life Insurance Health Insurance Motor Insurance Pradhan Mantri Jeevan Jyoti Bima Yojana Pradhan Mantri Suraksha Bima Yojana Atal Pension Yojana

Banking

Internet Banking Mobile Banking SMS Banking

Popular Product

Deposit Fixed Deposit Recurring Deposit Tax Saving Fixed Deposit Senior Citizen Fixed Deposit Sweep-In Facility

Loans

Home Loan Car Loan Personal Loan Education Loan Gold Loan Loan Against Securities Loan Against Property

Cards

Credit Cards Debit Cards Forex / Prepaid Cards

ABOUT PUNJAB NATIONAL BANK, MYSURU, Karnataka

Punjab National Bank (PNB) is an Indian multinational banking and financial services company. Established in 89, it is state-owned bank. Headquartered in New Delhi, India, the bank operates through a network of zonal offices, 7 circle offices, 98 branches, and 98 ATMs. PNB also operates a banking subsidiary in the UK, as well as branches in Hong Kong, Kowloon, Dubai and Kabul and representative offices in in Almaty (Kazakhstan), Dubai (UAE), Shanghai (China), Oslo(Norway), and Sydney (Australia). PNB and other major commercial banks were nationalized on 9 July 99.

Bank Details
Product

Saving deposit accounts Current accounts Fixed deposit Capital gain account schemes Corporate banking products Working capital financing

Insurance

Life Insurance Fire Insurance Theft Insurance Health Insurance Travel Insurance Household goods & Accidental insurance

Banking

Net Banking Mobile Banking SMS Banking

Popular Product

Saving deposit accounts Current accounts Fixed deposit Capital gain account schemes Corporate banking products Working capital financing

Loans

Housing loan Car and two wheeler loan Personal loan Professional loan Education loan Mortgage loans MSME Loan Term loans Loan against future lease rentals

Cards

Rupay Credit Card Rupay Debit Card Visa Credit Card Visa Debit Card Mastercard Debit Card Mastercard Credit Card Prepaid Cards

Helpline Number
+91-11-23978046
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