Un-Secured Loans

Startup Loan
Onward 8.50%.

Startup Loan is a type of loan given to new businesses or startups to help them start and grow their work. It can be used for buying equipment, office setup, marketing, or daily business needs. Banks or finance companies give this loan based on your business idea and plan, even if you have little history.

Application

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

Startup Business Loan Eligibility Criteria

Understand the complete eligibility structure for startup business loans, including business plan, cash flow, credit score, and financial stability.

What do you mean by Startup Business Loan Eligibility Criteria?

Startup business loans are designed to support new entrepreneurs by providing funds for business setup, equipment purchase, infrastructure development, and working capital needs. It helps bridge the gap in early-stage cash flow.


Eligibility depends on your financial stability, business plan, repayment behavior, and overall creditworthiness.

Startup Business Loan Eligibility Criteria

  • Age Limit: 25 to 65 Years
  • Minimum 3 Years Business Continuity
  • ITR Filed for Minimum 1 Year
  • Credit Score Above 750 Required
  • Resident of India
  • Maximum Loan Amount: Up to ₹50 Lakhs

Eligible Business Types

  • Startups & New Entrepreneurs
  • Proprietorship Businesses
  • Partnership Firms
  • Private Limited Companies
  • Innovative Business Ideas
  • Service & Product-Based Startups

Factors Affecting Eligibility

Business Plan Quality

A weak or unclear business plan reduces approval chances. Lenders need clarity on revenue model and growth strategy.

Cash Flow Management

Negative or unstable cash flow can reduce eligibility for startup funding. Proper expense management is very important.

How to Increase 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
  • Aadhaar Card + Passport
  • Address Proof (If Rented Also Permanent Address Required)
  • Last 3 Years Form-16, ITR with Computation of Income (If Filed)
  • Last 1 Year Bank Statement - Salary Account
  • 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

Proprietor Firm

Business Applicant
  • Photograph (Both)
  • PAN Card Copy of Proprietor
  • Address Proof (Passport / Voter ID Card)
  • Office Address Proof (Electricity Bill / Telephone Bill)
  • Last 1 Year GST Return Copy
  • 3 Years ITR, Profit & Loss, Balance Sheet, Tax Audit Report & Annexures
  • Provisional Financial (AY 2019-20)
  • Bank Accounts (Current, CC, OD – Last 1 Year Updated)
  • 6 Months Saving Account Statement (Proprietor)
  • Loan Sanction Letter & Repayment Schedule (If Running)
  • Agreement to Sell Copy
  • Property Papers with Chain & Sanction Map

Partnership Firm

Partnership Business
  • Photographs of Partners
  • PAN Card (Company & All Partners)
  • Address Proof of All Partners (Passport / Voter ID / PAN / Aadhaar)
  • Firm Address Proof (Latest Utility Bill)
  • Partnership Deed Copy
  • GST Certificate
  • GST Return (Last 1 Year)
  • 3 Years Financials (ITR, P/L, Balance Sheet, Audit Report 3CB/3CD with Annexures)
  • Provisional Financial (AY 2019-20)
  • 3 Years Individual ITR of All Partners
  • Firm Bank Statement (Last 1 Year Updated)
  • All Partners Saving Account Statement (6 Months)
  • Loan Sanction Letter & Repayment Schedule (If Running)
  • Agreement to Sell Copy
  • Property Papers Complete Chain with Map

Pvt. Ltd.

Corporate Applicant
  • All Directors Photograph
  • PAN Card (Company & All Directors)
  • Address Proof (Company & Directors)
  • List of Directors & Shareholders (CA Certified)
  • Memorandum & Articles of Association (MOA)
  • GST, Sales, VAT & SSI Registration Certificate
  • 1 Year GST Returns
  • All Directors ITR & Computation (Last 3 Years)
  • Last 3 Years Financial Statements with Audit Report & Annexures
  • Provisional Financial (FY 2019-20 / Monthly Sales Last 1 Year)
  • Company Bank Statements (Last 1 Year Updated)
  • Directors Saving Account Statement (6 Months)
  • Loan Sanction Letter & Repayment Schedule (If Running)
  • Agreement to Sell Copy
  • Property Papers Complete Chain with Sanction Map
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