Business Loan in Rajkot
About Business Loan in Rajkot
|Bank Name||Floating Interest Rate||Processing Fee|
|RBL BANK||20.00% per annum,||3% of loan amount|
|ICICI||16.49%||upto 2% (plus applicable taxes)|
|IndusInd bank||14.00% per annum||2.50%|
|Aditya birla||17.00% - 26.00%||2% of the loan amount|
|Lendingkart||18% to 28%||upto 2% of the loan amount|
|AXIS||14.25% onwards||upto 2% of loan amount + applicable taxes|
|FULLERTON||13% to 16% per annum.||upto 2 % of the Loan Amount|
|HDFC||15.65% onwards||upto 2.50% of loan amount|
|Kotak Mahindra Bank||16.00% per annum||Maximum 3% of the Loan I Facility Amount (plus GST|
|Incred Finance||18%||upto 5% of the loan amount|
|IIFL||18 to 25% p.a.||upto 3% of the loan amount|
|Zip Loan||16 %||2 %|
|Prest loan||15 % to 22 %||upto 3.00% of the total loan amount + Service Tax|
|HDB bank||13.99%||upto 2% of loan amount.|
|TATA CAPITAL||19 %||upto 2.75% of the loan amount + GST|
|Bank of baroda||14.10% per annum||upto 1%|
|Punjab National Bank Business Loan||12.6%- 15.60%||1.8% + taxes|
|Neo Growth||18% to 24%||upto 2% of the loan amount|
|Vistaar finance||15 % to 25 %||upto 2% of the loan amount|
|MUFIN FINANCE||13% to 22%||2% of the loan amount|
|Federal Bank||8.9% to 14%||upto 3% of the loan amount|
Rajkot is a city in Gujarat state of west-central India. It lies on the bank of Aji River and Nyari River, about 72 km southeast of Jamnagar.
The city was the capital of the former princely state of Rajkot. It was the capital of the Saurashtra state till October 1956 and of the former Western India States Agency. The city is now an important commercial and industrial centre. The city has cotton and woolen textiles industries; ceramics, diesel engines, and water pump sets are also manufactured in the city. Rajkot is famous for its traditional handicrafts such as silk embroidery, silver work, and patola weaving. Rajkot has many historical destinations such as the Jubilee Garden, Mahatma Gandhi Museum, Kaba Gandhi No Delo, Watson Museum, Lang Library, and Saurashtra Cricket Association Stadium. Educational institutions in the city include Rajkumar College and several colleges affiliated with Saurashtra University. The city is connected to major Indian cities by air, railways and highways; it is an important junction on the Western Railway. Its major crops are grains, sugarcane, and cotton.
About business Loan in Rajkot
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 Rajkot 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 Rajkot
No worries for strict eligibility conditions. We tie-up with all the best lenders in the Rajkot 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 Rajkot
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 ElectrRajkotBill/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 Rajkot
Taking a business loan is an indispensable decision in one’s life. At Rajkot, 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 Rajkot. 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.
ICICI BANK LIMITED
ICICI Bank is an Indian multinational bank and financial services company. Headquartered in Mumbai, India, the bank currently has a network of ,87 branches and , 7 ATMs across India. The bank became the first Indian bank to list on the New York Stock Exchange in 000. It is India’s largest private sector bank with total consolidated assets of Rs. ,.8 billion (US$ 7. billion) as on March 08.
RBL Bank Limited
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).
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.