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Old 06-21-2019, 03:30 AM
amritaagarwal's Avatar
amritaagarwal amritaagarwal is offline
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Join Date: Apr 2018
Location: India,Karnataka
Posts: 9
Smile Re: How can I get loan for business?

Before getting a business loan you have to research for the best business loan provider. You can check business loan offers in Finance Buddha website. Then check fees and charges of a loan. Plan which type of business loan required and how much loan you required. Prepare a business loan proposal in an attractive way. Then choose the best business loan lender.

To be eligible for a business loan there are a lot of factor that are considered. Every bank that offers loan will look into many criteria prior to sanctioning it. Few important ones are:

Age Limit: The applicant should be min 21 years & max. 65 years.
Income: Business should be profit making at least for the past 2 years.
Turnover: ₹150,000 p.a. should be the minimum annual income.
Co-applicants: This is optional to the applicant, not mandatory in case of business loan.
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