Business Loan in Prayagraj

Check business Loan Interest Rates of All Major Banks of prayagraj Instantly

Bank Name

Floating Interest rate

Processing Fee

AXIS

14.25% onwards

upto 2% of loan amount + applicable taxes

RBL BANK

20.00% per annum,

3% of loan amount

Punjab National Bank Business Loan

12.6%- 15.60%

1.8% + taxes

FULLERTON

13% to 16% per annum.

upto 2 % of the Loan Amount

Vistaar finance

15 % to 25 %

upto 2% of the loan amount

BAJAJ

18% onwards

upto 3% of loan amount

Prest loan

15 % to 22 %

upto 3.00% of the total loan amount + Service Tax

IndusInd bank

14.00% per annum

2.50%

BAJAJ

18% onwards

upto 3% of loan amount

Federal Bank

8.9% to 14%

upto 3% of the loan amount

Aditya birla

17.00% - 26.00%

2% of the loan amount

ICICI

16.49%

upto 2% (plus applicable taxes)

TATA CAPITAL

19 %

upto 2.75% of the loan amount + GST

Kotak Mahindra Bank

16.00% per annum

Maximum 3% of the Loan I Facility Amount (plus GST

Lendingkart

18% to 28%

upto 2% of the loan amount

Neo Growth

18% to 24%

upto 2% of the loan amount

Incred Finance

18%

upto 5% of the loan amount

HDFC

15.65% onwards

upto 2.50% of loan amount

Zip Loan

16 %

2 %

IIFL

18 to 25% p.a.

upto 3% of the loan amount

Bank of baroda

14.10% per annum

upto 1%

HDB bank

13.99%

upto 2% of loan amount.

MUFIN FINANCE

13% to 22%

2% of the loan amount

ABOUT BUSINESS LOAN IN PRAYAGRAJ

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 prayagraj 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 prayagraj

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

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 ElectrprayagrajBill/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 prayagraj

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

ABOUT PRAYAGRAJ

Prayagraj, formerly known as Allahabad, is a city in Uttar Pradesh state, northern India. It is a holy city situated at the place of confluence of the Ganga and Jumna rivers.

. Prayagraj’s religious importance to Hinduism persists. Every 12th year a much larger festival, Kumbh Mela, takes place in the Prayagraj and is attended by millions of devotees.

Prayagraj was established in 1583 as Allahabad by the Mughal emperor Akbar. The city witnessed a great massacre of Indians by the British during the Indian Mutiny (1857–58) against British Raj. The city was a centre of the Indian freedom movement against British rule. It is the home of the Nehru family.

Prayagraj has been primarily known as an administrative and educational centre since a long time. It is a centre for agricultural produce and has a modest industrial base. The city is an important tourist destination, attracting visitors to the many historic and religious sites located within the city and in its surroundings. Prayagraj has a major road, rail hub, and is served by Allahabad Airport. The city has a stable and diverse economy with the presence of state and central government offices, educational institutions, banking, tourism, and agricultural base industries. Allahabad attracts students from across the country. A number of colleges and other education centres are affiliated by the University of Allahabad. The city has several museums, Anglican and Roman Catholic cathedrals, and the Jāmiʿ Masjid.

Allahabad, now Prayagraj, lies entirely on the western Indus-Gangtic Plain. Rice, barley, wheat, and gram (chickpeas) are among the main crops grown in the city.

TOP LOAN PROVIDERS IN PRAYAGRAJ

ABOUT YES BANK, PRAYAGRAJ, Uttar 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, PRAYAGRAJ, Uttar 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