Get a business loan in Bikaner from the Top 10 Banks in Bikaner for getting a business loan mentioned here in this article. Money is something that everyone craves for. In this entrepreneur world loss is just a single face of the coin. But no need to worry because as one door closes another one opens and here we provide you with the top 10 banks for getting a business loan.
Many banks do the same purpose of providing business loans but the question is how to choose the best one, how to choose the most suitable one and that is where every bank is unique in its own ways and that’s where the difference lies.
Top 10 Banks in Bikaner for getting a business loan
List of top 10 banks to get the business loan in Bikaner are mentioned below. The following banks provide to you the best loans for which you were waiting for:
1. ICICI Bank
The minimum loan amount of this bank is 1,00,000(INR) which makes it eligible for the small scale businessman. The maximum loan provided by the bank is 10,00,00,000(INR) which allows the large scale businessman also to grab the advantage. The bank provides the loan for a minimum tenure of 1 year. The maximum tenure is 5 years. The interest rates vary in a wide range from 12.9% to 16.65%. The fees and the charges of this bank is also very reasonable as it charges 2% + the GST as applicable. The bank also has a special facility of Smart Business Loan(SBL) for its own customers.
2. Fullerton India
It is a type of NBFC (non-banking financial company). The minimum loan amount of this company is 10,00,000(INR). The maximum loan provided by the company is 50,00,000(INR) which allows the small scale businessman to grab the advantage. The company provides the loan for a minimum tenure of 1 year. The maximum tenure is 4 years. The interest rates vary in a wide range from 13% to 16%. The fees and the charges of this company are 6.5% + the GST as applicable. The company provides all the necessary help to set a startup. So, if you are a budding entrepreneur then this is the place for you.
3. HDFC Bank
The minimum loan amount of this bank is 50,000(INR) which makes it eligible for the small scale businessman. The maximum loan provided by the bank is 50,00,000(INR) which allows the large scale businessman also to grab the advantage. The bank provides the loan for a minimum tenure of 1 year. The maximum tenure is 4 years. The interest rates vary in a wide range from 15.65% to 21.20%. The fees and the charges of this bank is also very reasonable as it charges 2.50% + the GST as applicable. The bank has the quickest loan sanction and disbursal rate.
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4. Axis Bank
The minimum loan amount of this bank is 50,000(INR) which makes it eligible for the small scale businessman. The maximum loan provided by the bank is 50,00,000(INR) which allows the large scale businessman also to grab the advantage. The bank provides the loan for a minimum tenure of 1 year. The maximum tenure is 15 years. The bank also has customary interest rates. The fees and the charges of this bank is also very reasonable as it charges 2% + the GST as applicable. The bank also provides enough time period to pay off the loan for its customers.
5. Kotak Mahindra Bank
The minimum loan amount of this bank is 3,00,000(INR) which makes it eligible for the small scale businessman. The maximum loan provided by the bank is 2,00,00,000(INR) which allows the large scale businessman also to grab the advantage. The bank provides the loan for a minimum tenure of 1 year. The maximum tenure is 3 years. The interest rates vary in a wide range from 16.00% to 19.99%. The fees and the charges of this bank is also very reasonable as it charges 3% + the GST as applicable. The bank also provides the facility of multiple loans with Kotak business loans.
6. Aditya Birla Finance Ltd.
It is a type of NBFC (non-banking financial company). The minimum loan amount of this company is 50,000(INR). The maximum loan provided by the company is 15,00,000(INR) which allows the small scale businessman to grab the advantage. The company provides the loan for a minimum tenure of 1 year. The maximum tenure is 3 years. The interest rates vary from 16.85% to 17.85%. The fees and the charges of this company are 2% + the GST as applicable. Its lucrative interest rates attract millions of customers.
7. Lendingkart Finance Ltd.
It is a type of NBFC (non-banking financial company). The minimum loan amount of this company is 50,000(INR) which makes it eligible for the small scale businessman. The maximum loan provided by the company is 1,00,00,000(INR) which allows the large scale businessman also to grab the advantage. The bank provides the loan for a minimum tenure of 1 month. The maximum tenure is 1 year. The interest rates vary in a wide range from 18% to 27%. The fees and the charges of this bank is also very reasonable as it charges 2% + the GST as applicable. The time period is quite less but its attractive charges attract many customers.
Click Here: How to register a firm in Bikaner
8. Magma FinCorp Ltd.
It is a type of NBFC (non-banking financial company). The minimum loan amount of this company is 3,00,000(INR) which makes it eligible for the small scale businessman. The maximum loan provided by the company is 2,00,00,000(INR) which allows the large scale businessman also to grab the advantage. The bank provides the loan for a minimum tenure of 1 year. The maximum tenure is 4 years. The interest rates vary in a wide range from 17% to 21%. The fees and the charges of this bank is also very reasonable as it charges 2% + the GST as applicable. The specialty of this company is that it provides loans with no primary security requirements.
9. Fortune Financial Services Kapital Tech
It is a type of NBFC (non-banking financial company). The minimum loan amount of this company is 2,00,000(INR) which makes it eligible for the small scale businessman. The maximum loan provided by the company is 1,50,00,000(INR) which allows the large scale businessman also to grab the advantage. The bank provides the loan for a minimum tenure of 1 month. The maximum tenure is 2 years. The interest rates vary in a wide range from 15% to 24%. The fees and the charges of this bank is also very reasonable as it charges 1.5% to 2% + the GST as applicable. It’s a transparent, structured mechanism for timely consideration of loan applications.
10. Yes Bank
The minimum loan amount of this bank is 20,00,000(INR). The maximum loan provided by the bank is 40,00,00,000(INR) which allows the large scale businessman to grab the advantage. The bank provides the loan for a minimum tenure of 1 year. The maximum tenure is 5 years. The interest rates vary in a wide range from 13.25% to 19.99%. The fees and the charges of this bank is also very reasonable as it charges 2.5% + the GST as applicable. This bank is basically for large scale business firm owners as it provides a huge amount of loans to extend their business relationships.
