Business Loan Interest Rate Calculator - Dec 2016

Business Loan Interest Rates

Last Updated 31st Dec 1969
Self Employed
Interest Rate
Tenure
Loan Amount Max Rs. 0
Part Prepayment, Charges Not allowed
Early Foreclosure, Charges Not allowed
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Business Loan

gives the facility of business loan to the people who need finance to expand their business. There are some benefits of taking business loan from :
  • You can prepay part of your loan anytime after paying % prepayment charges
  • You can foreclose your entire Business loan anytime after paying the forclosure charges

Business Loan

Business loan interest rates offered by are fixed as well as floating
  • Fixed rates allow you to borrow loan at a fixed price which won’t change in the whole tenure in case of change in benchmark rate and should be chosen only if you believe that the rates will not hike in future
  • In contrast to this are floating rates which changes with a single change in benchmark rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates
Business Loan Interest Rate depends upon
  • Loan amount: Business loan rate in depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
  • CIBIL Score: offers business loan at higher interest rate if your CIBIL score is poor or vice versa
  • Monthly Revenue: will avail you business loan at lower interest rate if you have higher monthly revenue
  • Time in Business: offers business loan at lower rates if you are doing business since long time

Business Loan Charges

Foreclosure Charges- These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. allows prepayment of business loan after paying EMI’s with prepayment charges

Business Loan EMI Calculator

Business Loan EMI is a fixed amount that you pay each month towards the repayment of your business loan till the end of tenure. Lowest EMI offered by is 0 per lakh loan amount. Business loan EMI of depends on factors like:
  • Interest Rate: Higher the interest rate, higher will be the EMI. For a months business loan from at interest rate of % per annum, EMI will be Rs. 0 per Rs. one lakh loan amount.
  • Loan tenure: Longer the loan tenure, lesser your monthly EMI. At interest rate of % per annum, the EMI on business loan would range from Rs. 0 to Rs. 0 for loan tenure ranging from to months
  • Amount Borrowed: Loan EMI will be high if you apply for a high loan amount. For amount borrowed 0, the EMI at % for months would be 0.

What are the benefits of calculating business loan EMI?

  • Business loan EMI calculator of helps you to calculate your monthly EMI at different rate of interest
  • EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly
Estimated EMI online by using EMI Calculator.

Business Loan Eligibility Calculator

Business loan eligibility criteria

Eligibility of Business loan in relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are
  • Profitability: Business loan eligibility significantly depends upon profitability status and future prospects of your business.
  • Business Stability: Future business prospects and its stability is important to improve your eligibility for business loan.
  • CIBIL Score: When checking eligibility for business loan, will look at the complete CIBIL report. will check your repayment history for all current and past loans and credit cards.

Business Loan documents required

  • Address proof of individual: Aadhar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills.
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhar Card, Voter’s ID Card
  • Business existence proof: PAN, sales tax/ excise/ VAT/ service tax registration, copy of partnership deed, trade license, certificate of practice, registration certificate issued by RBI, SEBI

Compare Business Loan

Business Loan in India

Business Loan Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Business Loan News - Dec 2016
09th Dec 16 MSME ministry to consider increasing cash withdrawal limit for micro units
Ministry for Micro, small and Medium Enterprises (MSME) is planning to increase the cash withdrawal limit for MSMEs to Rs. 2 lacs per week. MSMEs in India are significantly dependent on cash transactions and hence any efforts to move them towards digitisation have to be a gradual process. The main objective of government is to boost the growth of MSMEs in digitisation but without any irregularities in cash availability.
02nd Dec 16 Credit deployment to MSME sector falls in October, 2016
Credit deployment of banks to industry including micro, small and medium enterprises has fallen by 4.6 percent during March to October, 2016 period as compared to 0.3 percent during the same period previous year. Key industry sectors such as infrastructure, food processing and gems and jewellery and basic metal products have witnessed significant credit contraction.
24th Nov 16 Microfinance lenders to suffer short term hit due to demonetization
Indian economy is suffering from its biggest currency denomination that affected various micro finance lenders. Shares of Satin Creditcare Networks (micro finance Company) fell by 36 percent. Micro finance companies take a serious short term hit because their operations are largely based on cash that have been severely affected.
23rd Nov 16 Aye Finance raises 10.3 million dollars to provide micro finance to small companies in India
Aye Finance, a two year old start up that provides micro finance to small companies, raised 10.3 million dollars from its own investors SAIF Partners and Accion. Funds were raised to provide micro finance to the small companies in India. Aye Finance operates a network of 31 branches across seven states in northern India.
21st Nov 16 NBFCs, Micro Finance Institutions await RBI directive on old currency
NBFCs and MFIs are waiting for directions from central bank to accept old currency notes after demonetization. Customers are required to pay 20 percent of business finance in advance and rest 80 percent is financed by lenders. Since NBFCs and MFIs have stopped accepting old notes after the currency ban, customers are facing difficulty in financing the required amount that is affecting the business badly.
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