Indiabulls Business Loan Interest Rates

Indiabulls Business Loan helps in funding your business to upgrade technology, maintain inventory or increase working capital. Indiabulls Business Loan Interest Rates starts from 15%* along with a processing fee up to 2.5%. For a lower Indiabulls Business Loan Interest Rates, you need to have high eligibility. But if you have lower eligibility, then your Indiabulls Business Loan Interest Rates will be high. You need to have a good repaying capacity and good credit history by paying all your loans within the specified time for a lower Indiabulls Business Loan Interest Rate. Moreover, you ought to pay a higher loan amount for higher Indiabulls Business Loan Interest Rates.

Factors that affects Indiabulls Business Loan Interest Rates

After you have decided to apply for Indiabulls Business Loan, you can easily check your Indiabulls Business Loan Interest Rates online using Indiabulls Business Loan Interest Rate Calculator. For a lower Indiabulls Business Loan Rate of Interest, you need to maintain a credit score of 750 or above and a stable business which generates profit for the past few years.
Following are some of the factors that affect Indiabulls Business Loan Interest Rates-

• Age

  The age of an applicant is an important factor that affects Indiabulls Business Loan Interest Rates. The age criteria lies between 25 to 65 years. Indiabulls Business Loan Interest Rates will be high for an older applicant because the repaying capacity will be low. But Indiabulls Business Loan Interest Rates for a young applicant will be low because of his/her higher repaying capacity. Also, many exciting offers will be provided to them.

• Existing Debt

  Another important factor that affects your Indiabulls Business Loan Interest Rates is your existing financial debts like credit card dues or EMI payments. The existing debts lowers down your repaying capacity and increases your Indiabulls Business Loan Rate of Interest. Moreover if your present liabilities consumes a maximum 40% of your monthly income then your Indiabulls Business Loan Interest Rates will be high. Also, you can opt for balance transfer and top-up loan which will help to lower down your Indiabulls Business Loan Interest Rates. You need to clear all the ongoing dues which will lower your Indiabulls Business Loan Interest Rate.

• Business Stability

  Your business stability also affects Indiabulls Business Loan Interest Rates. The business continuity must be minimum of 3 years which generate growth in sales and profit for last 2 years which will lower your Indiabulls Business Loan Interest Rates.

• ITR

  Another crucial factor which affects Indiabulls Business Loan interest rates is your ITR details. You need to produce ITR copy of last 24 months and updated bank statement of last 6 months that will lower down your Indiabulls Business Loan Interest Rates.

• Housing Situation

  Indiabulls Business Loan Interest Rates also gets affected by your housing situation. Staying in a rented flat/house will increase your Indiabulls Business Loan Interest Rate as your repaying capacity gets reduced. Whereas staying in your own house will not put any burden of paying rent and so Indiabulls Business Loan Interest Rates will be low. Also, your Indiabulls Business Loan Interest Rates will be low if you own your workplace.

• CIBIL Score

  Your credit capacity gets reflected in your CIBIL score which also affects your Indiabulls Business Loan Interest Rates. If your CIBIL score is less than 750 then Indiabulls Business Loan Interest Rates will be high. But if CIBIL score is either 750 or more then your Indiabulls Business Loan Interest Rates will be low. So, a proper repaying history will increase your CIBIL score and will lower your Indiabulls Business Loan Interest Rates.

• Geographical Location

  Another important factor that affects your Indiabulls Business Loan Interest Rate is your geographical location. If the geographical location of your stay is a village or rural area, then your Indiabulls Business Loan Interest Rates will be high. Whereas, if the geographical location of your stay is any metropolitan city, then your Indiabulls Business Loan Interest Rates will be low. Moreover staying in a red marked area pointed by financial institutions will increase your Indiabulls Business Loan Interest Rates.