Eligibility

 Eligibility:

Business loans are destined towards helping a small businesses to meet their capital & another requirements. Generally, the following categories of people can avail the business loan.

Self Employed Professionals:

This type of category include, Allopathic doctors, chartered accountants, company secretaries, & architects etc. This is subject to the applicants who have the proof of qualifications & are practicing their profession.

Self Employed Non Professionals:

This type of category includes traders & manufacturers.

  • Entities

Following entities can avail the business loan-

  • Partnerships
  • Closely Held Limited Companies
  • Private Limited Companies
  • Limited Liability Partnerships

 
Applicants have to fulfil following criteria in order to be eligible for business loan-

  • Min turnover will be Rs.40 Lakhs
  • Min 3 years’ experience in the current business
  • Min 5 yrs. of business experience
  • Business should make profit for last 2 yrs.
  • Min Annual Income is Rs.1.5 Lakhs per annum
  • Min age of applicant is 21 yrs.
  • Max age of applicant is 65 yrs. at a time of loan maturity

Thanks! Thats all we need!

Someone from our team will be getting in touch with you shortly :)