Individuals who meet the following five basic criteria are eligible for a business loan:
1. Must be an Indian national.
2. Minimum age: 24 years; maximum age: 70 years.
3. Business must have been operational for at least one year.
4. CIBIL score should be 750 or higher.
5. The business must have been profitable for the past two years.
Additionally, the applicant must own a residence, shop, office, or godown.
To complete your application process, please provide the following documents:
1. KYC documents (Aadhar card, Voter ID, Passport, or PAN card).
2. Proof of business ownership (Trade license, Income Tax Return, Establishment certificate, or Sales tax certificate).
3. Income proof (Income Tax Returns and computation, balance sheet audited by a registered CA, and Profit/Loss statement for the past two years).
4. Bank statements for the last six months.
Confirm the conditions clearly and thoroughly before proceeding.
Gather all necessary documents to support your application.
Fill out the application completely and accurately.
Wait for approval patiently after submission.