Un-Secured Loans

Business Loan
Onward 13.00%.

A Business Loan is money borrowed from a bank or financial company to grow or manage a business.
It can be used for stock purchase, machinery, shop expansion, salary payments, or daily business expenses.
The loan is repaid in monthly EMIs with interest over a fixed time period.

Application

Please provide your business and financial details for quick loan assessment.

Business Loan Eligibility Criteria

Understand the complete eligibility structure for business loan applicants, including business continuity, turnover, and repayment capability.

What do you mean by Business Loan Eligibility Criteria?

Don’t have any collateral or assets to pledge? No worries. Business loans allow you to get funding without providing collateral. You can avail loans at attractive interest rates with flexible tenure and an easy approval process.


Before applying, it is important to check your eligibility based on business continuity, income, cash flow, and credit history.

Business Loan Eligibility

  • Applicant Age: 25 to 65 Years
  • Minimum 3 Years Business Continuity
  • Minimum 1 Year ITR Filing Required
  • Positive Business Cash Flow Required
  • Turnover Must Be Audited by CA
  • Loan Amount: ₹1 Lakh to ₹5 Crore

Important Requirements

  • Stable Business Operations
  • Good Financial Record
  • Healthy Bank Transactions
  • Proper GST & ITR Records
  • Strong Credit Profile
  • Regular Repayment History

Factors Affecting Eligibility

Bad Cash Flow of Company

Lenders check your business liabilities and outstanding dues. Weak cash flow or irregular business income can reduce loan approval chances.

Low Credit Rating

Missing EMIs, delayed payments, or poor repayment history lowers your credit rating and negatively impacts eligibility.

Business Stability

Businesses with longer operational history and stable turnover usually receive better loan approval opportunities.

Financial Documentation

Proper ITR filing, audited balance sheets, and GST records help lenders verify business performance and repayment ability.

How to Increase Business Loan Eligibility

Required Documents

Documents Required for Loan Processing

Keep the following documents ready for faster approval and smooth verification. Select your applicant type and check the complete checklist.

Individual

Personal Applicant
  • Photographs - 2
  • PAN Card Copy
  • Aadhar Card + Passport
  • Address Proof (If Rented Also Required Permanent Address Proof)
  • Last 3 Years Form-16 & ITR with Computation of Income
  • Last 1 Year Salary Account Bank Statement
  • Loan Schedule & Sanction Letter (If Running)
  • Complete Property Papers with Chain & Map + ATS
  • Processing Fee Cheque in Favour of Bank
  • Last 3 Months Salary Slip + Appointment Letter

Prop Firm

Business Applicant
  • Photograph Both
  • PAN Card Clear Copy of Proprietor
  • Address Proof (Passport, Voter ID Card) Proprietor
  • Office Address Proof Latest (Electricity Bill, Telephone Bill)
  • Firm Registration Certificate & GST Registration Copy
  • Last 1 Year GST Return Copy
  • Firm 3 Years ITR Computation, Profit & Loss A/C, Balance Sheet, Tax Audit Report, All Scheduled & Annexure
  • Provisional Financial AY 2019-20
  • Bank Accounts (Current A/C, CC A/C, OD A/C Last 1 Year Updated)
  • 6 Month Saving Account Statement Updated (Proprietor)
  • If Running Any Loan Please Provide Sanction Letter & Repayment Scheduled
  • Agreement to Sell Copy
  • Property Papers with Chain Sanction Map

Partnership Firm

Partnership Business
  • Photograph Both
  • PAN Card Clear Copy Proprietor
  • Address Proof (Passport, Voter ID Card) Proprietor
  • Office Address Proof Latest (Electricity Bill, Telephone Bill)
  • Firm Registration Certificates & GST Registration Copy
  • Last 1 Year GST Return Copy
  • Firm 3 Years ITR Computation, Profit Loss A/C, Balance-Sheet, Tax Audit Report, All Scheduled & Annexure
  • Provisional Financial AY 2019-20
  • Bank Accounts (Current Account, CC Account, OD Account Last 1 Year Updated)
  • 6 Month Saving Account Statement Updated (Proprietor)
  • If Running Any Loan Please Provide Sanction Letter & Repayment Scheduled
  • Agreement to Sell Copy
  • Property Papers with Chain Sanction Map

Pvt. Ltd.

Corporate Applicant
  • All Directors Photograph
  • Clear PAN Card - Company & All Directors
  • Address Proof – Company & Directors
  • List of Director & Share Holder with CA Certified as on Date
  • Memorandum Order in Hand & Complete Copy (If Applicable)
  • GST, Sale, VAT & SSI Registration Certificate
  • 1 Year GST Returns
  • All Directors Individual ITR & Computation Last 3 Years
  • Last 3 Years Complete Financial with Tax Audit Report & Annexure
  • Provisional Financial FY 2019-20 or Month Wise Sale Figure Last 1 Year
  • Company All Bank Account Statement 1 Year Updated
  • All Directors Saving A/C Statement 6 Month
  • If Running Any Loan – Latest Sanction Letter & Repayment Scheduled
  • Agreement to Sell Copy
  • Property Papers Complete Chain with Sanction Map
EMI Calculator

Calculate Your Monthly EMI

Instantly estimate your monthly EMI, total interest payable, and total repayment amount for your Loan Against Property application.

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