Business Loan in prayagraj

Check Business Loan Interest Rates of all major banks of prayagraj Instantly

Bank NameFloating Interest RateProcessing Fee
IIFL 18 to 25% p.a.upto 3% of the loan amount
HDB bank 13.99%upto 2% of loan amount.
MUFIN FINANCE 13% to 22%2% of the loan amount
Prest loan 15 % to 22 %upto 3.00% of the total loan amount + Service Tax
FULLERTON 13% to 16% per annum.upto 2 % of the Loan Amount
ICICI 16.49%upto 2% (plus applicable taxes)
IndusInd bank 14.00% per annum2.50%
Incred Finance 18%upto 5% of the loan amount
Kotak Mahindra Bank 16.00% per annumMaximum 3% of the Loan I Facility Amount (plus GST
Zip Loan 16 %2 %
Bank of baroda 14.10% per annumupto 1%
Lendingkart 18% to 28%upto 2% of the loan amount
BAJAJ 18% onwardsupto 3% of loan amount
Vistaar finance 15 % to 25 %upto 2% of the loan amount
AXIS 14.25% onwardsupto 2% of loan amount + applicable taxes
TATA CAPITAL 19 %upto 2.75% of the loan amount + GST
Aditya birla 17.00% - 26.00%2% of the loan amount
Federal Bank 8.9% to 14%upto 3% of the loan amount
Neo Growth 18% to 24%upto 2% of the loan amount
RBL BANK 20.00% per annum,3% of loan amount
HDFC 15.65% onwardsupto 2.50% of loan amount
Punjab National Bank Business Loan 12.6%- 15.60%1.8% + taxes
BAJAJ 18% onwardsupto 3% of loan amount

About prayagraj

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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.

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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 –

  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 prayagraj. 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.

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).

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BANK OF BARODA

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Bank of Baroda (BOB) is an Indian multinational banking and financial services institution headquartered in Vadodara in Gujrat, India. The bank was established on 0 July 908 and nationalized on 9 July 99 along with other major commercial banks of India. It has been termed as a profit-making public sector undertaking (PSU). The bank has 7 global branches including 7 India branches and 0 overseas branches. It offers a wide range of banking products and services including loans, credit and debit cards etc.

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