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Business Loan Eligibility depends on various factors:
1.The applicant has to be in business for last 3 years with a minimum turnover of Rs.40 Lakhs.
2.The business must have generated profit for a minimum of 1 year
3.The applicant should be a Sole Proprietor / Partnership firm / Private Ltd Co. / Trust / LLP involved in the business of Manufacturing, Trading or Services
4.The main applicant should be minimum of 25 years of age & should be no older than 65 years at the time of loan maturity.
The Eligibility is calculated based on the financial of the last two years and repayment capacity
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