Business Loan in Visakhapatnam

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

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 visakhapatnam 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 visakhapatnam

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

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 ElectrvisakhapatnamBill/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 visakhapatnam

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

Visakhapatnam (also known as Vizag) is the third largest city of Andhra Pradesh. Vizag was given nicknames like the city of destiny and the jewel of the east coast. It is state’s administrative headquarter and the headquarter of Indian Cost Guard. Located in the middle of Eastern Ghats and the coast of Bay of Bengal, the city is the most populous in Andhra Pradesh. And even with such stats, it is one of the major contributors of India’s GDP. Vizag’s cargo port is the fifth busiest in India and has the oldest shipyard. Its history is one of the oldest which goes back to before Christ era. At some point of time, the city was a part of Kalinga region. Due to the fact that the city was ruled by many kingdoms, it has the great amalgamations of many cultures. RK Beach, Simhachalam Temple, Kailashgiri and Visakhapatnam port are the favorite tourist destinations in Vishakapatnam.

TOP LOAN PROVIDERS IN VISAKHAPATNAM
ABOUT STATE BANK OF INDIA, VISAKHAPATNAM, Andhra Pradesh

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

ABOUT KOTAK MAHINDRA BANK LIMITED, VISAKHAPATNAM, Andhra Pradesh

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, VISAKHAPATNAM, Andhra Pradesh

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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