Business Loan Eligibility

Parameters

Business Loan Eligibility Criteria

Eligible Entities

Self employed non professionals – Sole proprietors, partnership firms, private limited companies, public limited companies involved in the business of manufacturing, trading and services (Self employed professionals- Doctors, Architects, CA )

Age

21 -  60 years

Loan Amount

Rs. 100,000 to Rs. 100 Cr

Interest Rate

13.50% - 20.00%

Loan Tenure

Up to 5 years

Business Vintage

For self employed professional - 3 years 

Annual Turnover

Rs. 1 Cr and above

Banking Stability

1 year and above

CIBIL Score

650 or above

Other Eligibility Conditions

Borrower should have a self owned house or work place