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Business Loan : Rate of Interest..

For self employed ,rate of interest is 17% to 24 % reducing .

Rate of interest depends on various factors i.e loan amount,banks & income.

 

1.5% to 2 % of loan amount .also,service tax is applicable on this processing fees i.e 14%.

3% to 4 % of outstanding loan amount .

Hdfc bank ,IDBI Bank  ,tata  capital ,standard chartered,indiabulls,reliance capital,om kotak,bajaj finance,

7 days to 10  working days .

Rs 2 lacs to 35 lacs .

Insurance  is mandatory in some banks to cover the liability of loan through insurance so that  the liability of loan  is not bearing with  family of person taking loan .

12 MONTHS TO 48 MONTHS .

 
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