Business Loan Eligibility
The following is the eligibility criteria for a business loan:
- The business should have a vintage of at least two years.
- Your business should have its Income Tax Returns filed for at least past two years.
- You must either own a house or business premise.
- Minimum Turnover of Rs. 5 Lakh in the last 12 months.
- The business place should be separate from the residence.
You need to submit all the relevant personal and financial documents at the time of document verification. You will be informed of the further loan application process and other requirements.
Based on your meeting our loan eligibility criteria, you can get unsecured business loans up to Rs. 7.5 lakh. Here’s the list of cities where we provide our services:
Delhi NCR, Mumbai, Navi Mumbai, Thane, Jaipur, Lucknow, Indore, Saharanpur, Roorkee, Dehradun, Bhopal, Rishikesh, Haridwar, Dewas, and Bangalore.
Documents required for business loans without security
The documents needed for small business loans are minimal; you simply need to upload the PDFs of the followings on our instant loan App:
- Passport size photograph
- PAN Card and Aadhar Card
- Previous nine months’ bank statement
- Business place address proof
- Residence address proof