Business Loan in Chennai at lowest rate of interest
Avail Business Loan in Chennai up to Rs. 2 Crore from 40+ Banks and NBFCs. ✓ loan application and approval ✓Minimum documentation ✓No collateral ✓No guarantor required ✓Compare Interest Rates for a business loan ✓Affordable interest rates ✓Calculate your monthly Business Loan EMIs. ✓Flexible loan tenure upto 180 months.
Business Loan Interest Rates in Chennai
Read below comparison sheet for Business Loan Interest Rates.DealsofLoan has consolidated all the information regarding the latest rate of interests at one place. This loan comparison will surely help you to apply for a business loan.
Comparison chart for the rate of interests and loan amount.
| Banks/Finance company | Minimum ITR Net Profit Rs. | Rate of Interest Between | Loan Amount Provides Between | Turnover |
| HDFC Bank | 2.5 Lac | 15% – 18% | 1 Lac – 50 Lac | Min 1 Cr |
| RBL Bank | 2.5 Lac | 16% – 22% | 1 Lac – 50 Lac | NA |
| Kotak Mahindra | 2.5 Lac | 16% – 21% | 3 Lac – 75 Lac | Min 40 Lac |
| ICICI Bank | 2.5 Lac | 16% – 21% | 1 Lac – 40 Lac | Min 30 Lac |
| FULLERTON INDIA | 2.5 Lac | 19% – 28% | 1 Lac – 15 Lac | NA |
| Magma Fincorp | 2.5 Lac | 19% – 22% | 1 Lac – 25 Lac | NA |
| Capital First | 1.5 Lac | 19% – 28% | 1 Lac – 15 Lac | NA |
| Axis Bank | 1.5 Lac | 19% – 28% | 1 Lac – 40 Lac | Min 40 Lac |
Please keep visiting this section to remain updated for attractive business loan offers in Chennai.
Business Loan Real time Approval
Dealsofloan offers instant soft approval for Business Loan in Chennai which further gets disbursed in 48 hours from our in-house NBFC, multiple banks & other NBFCs. Enjoy the fastest process, door step services, transparent processing, simple & easy documentation and competitive lowest interest rate.
The small business loan is safest & easiest option to appropriately finance the business objectives. Banks & financial institutions offer tailor made loans based on nature, scope & goal of the requirements.
Business loans in Chennai can be availed in range of Rs.1,00,000 to Rs. 2 Crore. These loan applications normally get approved quickly without any hassle during the process. Most banks & financial institutions provide the customer with promise of unsecured lending solutions when it comes to the business loan. The business loan come with the added benefit of services, like SMS, Web Chat, Phone Banking, etc. Some banks extend exclusive higher loan amounts to the self employed customers. With minimal paperwork & flexible repayment options, more & more business owners are leaning on business loan to fund the business need.
Business Loan offers / schemes, lowest interest rates from different financial companies in Chennai.
We are here to help all our customers to get special offers from all the Banks/ NBFCs for quote on interest rates in many different ways (ex. monthly reducing rate, flat rate). Looking at the interest rate value alone might not give you a true picture of which business loan quote is the best for you. You must check the EMI. The processing fee should also be considered when comparing loan quotes.Benefits
- Unsecured business loan enable businesses to fund exact exigencies & repay the loan amount in easy EMI. These loans are availed for the different reasons, including the business expansions, working capital, etc.
- Banks & financial institutions offers business loans to customers with flexibility of the doorstep service. Furthermore, business loans in India normally do not expect any collateral, guarantor or security from an applicant.
- Some banks offer customers with a facility of business loan within a minute, either online or through their branches. These speedy approvals assure that customers do not waste their time waiting to hear from banks for status of their loan application.
- Business loans are destined to help small businesses to meet their capital & other requirements. Generally, the following categories of people can avail the business loan.
Compare the customer satisfaction ratings of each bank and choose the best, as the application process is different at each bank.
You can take help for comparing the best deal from DealsofLoan team at free of cost.
Who can avail Business Loan in Chennai?
Following entities can avail the business loan:- Proprietorship
- Partnerships
- Closely Held Limited Companies
- Private Limited Companies
- Limited Liability Partnerships
Business Loan Eligibility in Chennai
Business loan eligibility criteria for self-employed is as follows.- No Minimum Turnover
- Min 3 years experience in the current business
- Min 3 years of business experience
- Business should make profit for last 2 years
- Min Annual Income is Rs.1.5 Lacs
- Min age of applicant is 21 years
- Max age of applicant is 65 years at a time of loan maturity
Documents Required for Business Loan in Chennai
For Self-Employed Customers- One valid Identity proof.
- Latest six months Bank statements.
- Latest Residence proof.
- Latest three years ITR.
- If required guarantors & their same set of documents.