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        Business Loan

NCB Bank Business Loans are a perfect solution to service your short-term finance and working capital requirements. With NCB Bank at your service, you can focus on growing your business while we take care of financing your business expansion needs.

  • Loan amount from Rs.10 Lakhs upto Rs.35 Lakhs

  • Convenient loan repayment option of 12 to 36 months

  • No security or collateral required to avail this loan

           Product Features

  • Business Loans can be availed by self-employed individuals, self-employed professionals, sole proprietorships, partnership firms and private limited companies (including closely-held public limited companies), with a profitable business for the past 3 years

  • Applicant’s age should be minimum 27 years at the time of application and maximum 65 years at loan maturity

  • Minimum 5 years of experience required in the same line of business with at least 3 years of business establishment & operation in the same city. For self-employed professionals, minimum 
    4 years of post-qualification experience is required

  • Minimum business turnover required is & Rs.1 Crore and for Professional / Service Sector, applicant’s gross receipts should be at least  60 Lakhs

  • Applicant must own either residence or office in his name or jointly with family members or resides in a residence owned by an immediate family member

            Eligibility & Loan Criteria
List of Documents Required

  • PAN Card – For Individual / Partnership Firm / Company

  • Identity Proof – Any one (e.g. Voter ID / Driving License / Passport / Aadhar Card)

  • Address Proof – Any one (e.g. Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)

  • Ownership proof of either residence or office either in the name of applicant or jointly with family members

  • Business Continuity Proof – Any one document dated 5 years old (Bank Statement / Sales Tax Challans / IT Returns / Shops & Est. Certificate / Certificate of Incorporation / Partnership Deed)

  • Letter certifying end use of the business loan funds on Business Letterhead

  • Passport Size Photographs of all applicants and co-applicants

For Self-Employed Individuals / Sole Proprietorships

  • Latest audited ITR and financials for the last 2 years (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)

  • Bank statements from the borrower's main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet

 

For Self-Employed Professionals

  • Latest audited ITR and financials for the last 2 years (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)

  • Bank statements from the borrower's main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet

  • Professional Qualification Certificate and Degree Certificate for professionals (Doctors, Architects, Chartered Accountants etc.)

 

For Partnership Firms / Private Limited Companies

  • Latest audited ITR and financials for the last 2 years (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)

  • Bank statements from the main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet

  • Partnership Deed and partnership authority letter for partnership firms

  • Memorandum and Articles of Association and Board Resolution from the company

  • Certificate of Incorporation (COI) for companies

  • Latest shareholding patterns for Private Ltd. / Public Ltd. companies

List of Financial Documents Required

Our business loan features include loans of up to `50 lakhs, waiver of collateral or guarantor, and even the benefit of business loan balance transfer.In addition, we offer special benefits on business loans, such as overdraft facility and flexible tenure options.

Enjoy our customer-friendly business loan features, such as eligibility checks in just 60 seconds, and our credit protect plan. 
You can reach out to us via SMS, chat or phone banking to know more about the features of our business loans. Or read below to get details on the business loan benefits you can enjoy with NCB Bank

  • What is the procedure to prepay my Personal Loan?
    For prepayment of your Personal Loan, please visit the nearest NCB Bank Asset Servicing Branch. We request you to carry the following documents to complete the process: Request Letter signed by the loan applicant PAN Card (if the mode of payment is cash and the amount is more than Rs 50,000) Payment can be made through cash, cheque or demand draft.
  • The following people are eligible to apply for a Business Loan:
    Self employed individuals, Proprietors, Private Ltd. Co. and Partnership Firms involved in the business of Manufacturing, Trading or Services. The business should have a minimum turnover of Rs. 40 lakhs Individuals who have been in the current business for a minimum of 3 years, with 5 years total business experience. Those whose business has been profit making for the previous 2 years The business should have a Minimal Annual Income (ITR) of Rs. 1.5 lakhs per annum The applicant should be at least 21 years at the time of applying for the loan, and should be no older than 65 years at the time of loan maturity
  • How can I prepay my Personal Loan as I am unable to visit branch?
    In case you are unable to visit our branch for prepayment of your loan, you can send your representative along with an authority letter duly signed by the loan applicant, for payment. The co-applicant or third party visiting the branch for closing the loan needs to carry the documents mentioned below: Main applicant Identification proof (Driving License or Passport or Voters card or PAN Card) Authorisation letter from main applicant.
  • Personal Loan
    Please click any of the links below or type your query if you don’t see the right option. Apply for Personal Loan Personal Loan EMI Calculator Personal Loan Eligibility Calculator Personal Loan Interest Rate Loans for Business Service Charges & Fees for Personal Loans
  • Do I have to pay any additional charges for Personal Loan?
    A processing fee is levied on loan, basis the defined pricing matrix followed by the bank. This fee will be deducted from the disbursal amount payable to you.
  • Can I foreclose or prepay my Personal Loan?
    Yes, you can prepay or foreclose your Personal Loan after the payment of at least one EMI. However, charges (and taxes) will be applicable for foreclosing a personal loan. No part prepayment is allowed. For prepayment of your Personal Loan, please visit the nearest NCB Bank branch. We request you to carry the following documents to complete the process: Request letter signed by the loan applicant PAN Card (if the mode of payment is cash and the amount is more than Rs 50,000) Payment can be made through cash, cheque or demand draft.
  • Quick Eligibility Check & Disbursal
    Check your Business Loan eligibility online or at any branch in just 60 seconds. Loans will be disbursed based on previous repayment of home loans, auto loans and credit cards.
  • Transfer Loan Balance with Ease
    Transfer your existing Business Loan to NCB Bank for lower EMIs, and enjoy our benefits Interest rates as low as 15.75%* on the existing loan transfer Processing fee as low as 0.99% To transfer your loan balance
  • Flexible Tenure
    You can repay your loan over a period of 12 to 48 months.
  • Fulfil Your Every Need
    Avail of a loan up to Rs. 40 lakhs (up to Rs. 50 lakhs in select locations) without any collateral (Collateral is a necessary element that a recipient has to keep with him to get a loan. Securities can also be used as collateral.), guarantor (A guarantor is a person who guarantees payment by another. A guarantor becomes a co-endorser and assumes liability in event of default.) or security, to fulfil your every business need, from business expansion and working capital, to your child's education or a home renovation.
  • What are the charges for applying for an National Commercial Bank Home Renovation Loan?
    Up to 2.50% of Loan amount + GST.
  • Stay Protected
    Take care of your loved ones by paying a nominal premium* and covering your loan with our Credit Protect Plan: Benefits: Protects the family by paying off the loan amount in case of death of the customer Life Coverage – provides peace of Mind No need to use other savings to repay the loan Tax Benefits as per applicable laws One convenient package - loan + insurance The premium for this product will be deducted from the loan amount at the time of disbursal, after levying service taxes and applicable surcharge/cess at the rates notified by the government. In case of Natural/Accidental Death of the customer, the customer/nominee can avail of the Payment Protection Insurance (Credit Protect), which insures the principle outstanding on the loan up to a maximum of the loan amount. *Terms & Conditions of the Insurers shall apply. The above product is offered by NCB Life Ins Co. Ltd.
  • Dropline Overdraft Facility
    It provides Overdraft facility without any security. Limit is set in separate Current account which drops monthly till end of the tenure. Pay the interest only on the amount utilized. Dropline Overdraft Facility up to Rs.5 Lac - 15 Lac* No Guarantor (A guarantor is a person who guarantees payment by another. A guarantor becomes a co-endorser and assumes liability in event of default.)/ Security required. Tenure ranging from 12-48 months. Attractive Rate of Interest No Foreclosure / part Closure shall be permitted during the first 6 months of the limit setting.
  • Enclosed below are NCB Bank Business Loan Interest Rates & Charges
    ​​​​​​​Senior Citizen Customers are eligible for discount of 10% on all service charges Fee Charges Rack Interest Rate Range Min 10.00% & Max 22.50%Loan Processing Charges Up to 2.00% of the loan amount NIL Processing Fees for loan facility up to Rs. 5 Lakh availed by Micro & Small Enterprises subject to URC submission prior to disbursal Prepayment- Part or Full No pre-payment in part or full permitted until repayment of 6 EMIs Part-payment allowed after 12 EMIs up to 25% of principal outstanding. It is allowed only once in the financial year and twice during the loan tenure. Pre-payment charges06-24 months - 4% of principal outstanding, 25-36 months - 3% of principal outstanding >36 months - 2% of principal outstanding *NIL Foreclosure/ Prepayment Charges for Fixed rate loan facility up to Rs. 50 Lakh availed by Micro & Small Enterprises and Closure from Own Source Loan Closure Letter NIL Duplicate Loan Closure Letter NIL Solvency Certificate Not applicable
  • Charges Post Loan Disbursement
    FeeCharges Overdue EMI Interest 2% per month Charges for changing from fixed to floating rate (An interest rate that is allowed to move up and down with the rest of the market or along with an index.) of interest Not applicable Charges for changing from floating to fixed rate (An interest rate that will remain at a predetermined rate for the entire term of the loan.) of interest Not applicable Stamp Duty & other statutory charges As per applicable laws of the state Credit assessment charges Not applicable Non standard repayment charges Not applicable Repayment mode change charges Rs 500/- Amortization Schedule Charges / Repayment Schedule Charges Rs 50/- Per Instance EMI / Payment Return Charges Rs 450/- Legal/Incidental Charges At actuals Loan Cancellation & Rebooking Charges NIL for cancellation of Loan (However client would be charged interest for the interim period between date of loan disbursement and loan cancellation and Processing Fees would be retained.). Rs. 1000/- for rebooking the loan.
  • Rates Offered To Customer During The Period Of 1st April 2022 To 30th June 2022
    IRR Q4 (2021-22) Min IRR 9.02% Max IRR 21.01% Avg IRR 16.18%
  • Annual Percentage Rate Offered To Customer During The Period Of 1st April 2022 To 30th June 2022
    APR Q4 (2021-22) Min APR 9.02% Max APR 21.02% Avg APR 16.18%
  • The following documents are required along with your Business Loan application:
    PAN Card – For Company/Firm/Individual A copy of any of the following documents as identity proof: Aadhaar Card Passport Voter's ID Card PAN Card Driving License A copy of any of the following documents as address proof: Aadhaar Card Passport Voter's ID Card Driving License Bank statement of the previous 6 months Latest ITR along with computation of income, Balance Sheet and Profit & Loss account for the previous 2 years, after being CA Certified/Audited Proof of continuation (ITR/Trade license/Establishment/Sales Tax Certificate) Other Mandatory Documents [Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)]
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