Business Loan - Loan Kumar

About Business Loan

loan Kumar

Business Loan is the best way to grow or set up your business. There are many reasons like managing daily operational costs, for purchasing of assets or equipments, business expansion etc. for which the business owners seek for the external funding. All the major banks offer loan up to 1 Crore with and without colletral.This loan amount can be paid in 24 months to 60 months.Business loans are unsecured loans which do not required any collateral while applying for the loan. To get the maximum benefits it is important to have all the information while applying for the loan. Loankumar is a leading Business Loan provider in Delhi-NCR and will help you to get the loan with best interest rates and benefits

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  • Competitive interest rates
  • Flexible repayment schedule
  • Tenure up to 60 months
  • No hidden charges
  • No upfront fee
  • Age should be between 21-65 years old.
  • A Good cibil score (personal/professional)is must
  • A Convincing Business plan
  • Good Knowledge of Industry
  • Business should have a age of minimum 3 years
  • 2 Years Audited ITR and P&L Account.
Nature of ChargesDetails
Processing FeesUp to 2% (plus applicable tax) of facility amount
Interest Rate
    • For secured facilities: Up to I-MCLR-6M+4.75%
    • For unsecured facilities (not under CGTMSE cover): Up to I-MCLR-6M + 8.50%
    • For facilities backed by CGTMSE: Up to I-MCLR-6M + 4.0%

The interest rate for every loan is determined based on evaluation of business, loan amount, financials and tenure.</p

Stamp Duty and other statutory charges

As per applicable State law
The Commission on the Letters of Credit & Bank Guarantee
Up to 2.5% p.a. commission will be charged on a pro-rata basis as per the tenure and amount of non-fund based facility being availed

Commitment fees

The average usage of about <50% – 0.50% p.a. on the difference between the actual utilization and average quarterly utilization of 50%. Charges will be imposed on quarterly basis. Applicable mainly for OD/CC facility

Foreclosure Charges

Charged up to 4% of total limits set-up in system, in case facilities are taken over by different bank during the contract of loan. These charges are applicable only in case of Balance Transfer (BT)

Working capital facilities pre-paid or the closed ones from own sources will not attract foreclosure charges

Identity ProofAadhar Card
PAN Card
Voter ID
Driving license
Passport
Address proofAadhar card
Registered Rent Agreement
Driving license
Lease or Passport
Income documentsSalary slips in case of salaried employees
Income Tax Return in case of self-employed
Other documentsLoan application form
Photographs
Signature ID proofs

Why Choose Loan kumar

Attractive Interest Rates

Service at Your Doorstep

Quick Loan Approval

Easy Documentation

Maximum Loan Eligibility

No Hidden Fees & Charges

OUR PARTNERS

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