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DCB Bank Business Loan
Financial assistance with a lower rate of interest is more likely to be accepted for stable businesses. Depending on the applicant's overall business expertise, DCB Bank determines the offerable rate of interest for a business loan. People who have a successful track record in a company and an established enterprise are more likely to be approved for business loans with lower rates of interest. An application for a loan will be rejected if your financial statements are in default. The venture's yearly revenue has the most impact on the suggested business loan interest rate. Your company becomes more reputable with a high turnover and income, which leads to loan authorization at a lower rate of interest. On the other side, businesses with limited revenue may be allowed, but with higher interest rates, resulting in larger EMI amounts.Powered By
DCB Bank Business Loan
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Here are a few factors
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
Key highlights of DCB Bank Business Loan
The sudden need for finances is sometimes unavoidable, whether personally or professionally. So, consider a loan against property as the first and best option for immediate funds. Also, as per the market trends, DCB Bank Business Loan has been acting like a boom because of its lowest interest rates and higher loan amounts. Let us move ahead in this article and learn more about the benefits and other details of DCB Bank Business Loan .
Documents Required
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Note : DCB Bank Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
FREQUENTLY ASKED QUESTIONS
Yes, DCB accepts partial payments.
Once the details of your loan are set, you can utilise loan EMI calculators online to determine how much interest and principal you will pay each month, as well as to keep track of how much has already been paid and how much is still owed. This information is helpful if you decide to prepay the loan.
For current clients, you may bargain for better conditions if you have a solid relationship with DCB Bank, a good credit score, and a steady cash flow.
If you have an account with DCB Bank, you may check the status of your business loan by calling their customer service helpline number.
You make equal monthly payments (EMIs) on the loan. Cheques with a future date will be used to repay the loan. You can also use the Electronic Clearing System (ECS) or a standing order to have the EMI amount deducted from your DCB Bank account.
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