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How To Get Indian Bank Business Loan

About Indian Bank Business Loan In Hindi, if you want to take a loan for your business, you can apply for a Business Loan from Indian Bank. We will tell you how to apply for Business Loan from Indian Bank.

What is the loan amount for availing Indian Bank Business Loan?

Friends, if you are thinking of taking a business loan from any bank or finance company. So let us tell you one particular thing that you should know before taking a business loan from any company or bank. How much loan amount does that bank provide to you, and the loan amount that bank is giving you. Will it meet your needs or not?

Friends, let’s talk about how much loan amount you will get by taking Indian Bank Business Loan. Indian Bank Business Loan amount can give you a minimum loan amount of Rs 500000 and a maximum up to Rs 4000000 very easily.

How much time Indian Bank Business Loan?

Suppose you are thinking of taking a business loan or applying for a loan from any bank or finance company. First of all, you should find out how much time that bank gives you to repay the loan amount. Friends, let’s talk about Indian Bank Business Loan, giving you at least 12 months and a maximum of 36 months to get the loan amount back. Friends, this much time is enough to get back any loan amount.

What is the interest rate for taking Indian Bank Business Loan?

Friends, when taking a business loan from any bank’s finance company, you have to keep this thing in mind significantly. Whether you are taking a loan from any bank or finance company or are applying, you should take special care of how much interest that bank charges from you. Because by keeping this information before friends, you do not face any problem in repaying the loan amount. Along with paying interest on the loan amount, the principal has to be paid, so it is essential to keep this in mind. Let’s talk about how much interest will be charged to you on taking Indian Bank Business Loan. On taking Indian Bank Business Loan, you get at least 16.49% interest.

What is the processing fee for availing Indian Bank Business Loan?

Friends, if we take a business loan from any bank’s finance company, this must be investigated. That is the bank from whose finance company we are taking a business loan. How much does that bank loan processing fee? Let’s talk about how much processing fee will be charged to you for taking Indian Bank Business Loan. You will incur a loan processing fee of 0.99% to 2% of the loan amount for taking a business loan from this Indian Bank.

What are the documents required for availing of the Indian Bank Business Loan?

  • Voter ID Card, Driving License, PAN Card for Identity Proof
  • Residence proof for passport, ration card, electricity bill, sales tax certificate, business license
  • Copy of bank statement
  • ITR and Income Statement of last 2 years
  • Audit certified by C.A.
  • Application form with applicant’s signature and photograph
  • Age Proof: Passport, PAN Card, Voter ID Card
  • Audited by C.A. and Profit and Loss Balance Sheet for the last two years.
  • You will have to give all this information about your business document, whose business is yours and how old the business is.

What is the eligibility to avail of an Indian Bank Business Loan?

  • Applicant’s age from 25 years to 65 years
  • Applicant must be Indian
  • The total turnover of income should be 6000000
  • CIBIL Score should not be less than 750
  • Your business must be at least 3 years old

How to apply for Indian Bank Business Loan online?

  • First of all, you have to go to the official website of Indian Bank.
  • When you open this website, a page of Business Loan will open in front of you.
  • First, you will click on Business Loan, and after that, you will see some options in front of you. Enter all the KYC information on your own, which you fill very carefully.
  • After this, the option of a business loan amount will appear in front of you. Fill in the amount of loan amount you want.
  • After that, you have to upload all your documents with the application.
  • And then you have to check your application form thoroughly. If you have not made any mistake anywhere, your application will be rejected. You have made a slight mistake anywhere.
  • After checking all this thoroughly, you submit your application form.
  • After this, your loan application goes to Review, and after two-three days, you get a verified call from the bank.
  • If all your documents are accurate, then your business loan application is approved. Your loan amount is transferred to your bank account.

How to Apply Offline for Indian Bank Business Loan?

  • Friends, if you want to take an Indian Bank Business Loan and apply offline, you first have to go to your nearest Indian Bank branch.
  • After that, I have to meet your bank manager and get complete detailed information about what you will have to do for Indian Bank Business Loan.
  • After that, take the application form from the counter or bank employee in you, fill it appropriately and fill in the same information given in your documents.
  • After filling out this application form, you have to check thoroughly that you have not made any mistake anywhere. If you have filled the wrong forum, you have made a small mistake here, and then your application may be rejected.
  • After checking all this thoroughly, you have to attach all your documents with it.
  • And later, you have to submit the form to Indian Bank.
  • Now, after 3-4 days, I will get a verification call from a bank if you fulfill all the terms and conditions of the bank. And all your document verification is found, then your home loan application is approved. And your Indian Bank Business Loan amount is transferred to your bank account.

Indian Bank Business Loan Customer Care Number

  • toll-free number 1800-425-00-000

Also Read: How To Get Union Bank Of India Home Loan

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