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Typically, to avail a business loan, you must present your ITR certificate to the lender. However, a start-up may be too young, and, thus, ineligible to file Income Tax Returns (ITR). In such a case, a start-up business loan without ITR can come in handy for new entrepreneurs who need funding for working capital needs.


These days, many public/private sector banks and NBFCs are willing to offer business loans to start-ups even without an ITR certificate. You can easily avail a business loan for your start-up at Bajaj Markets from any of our partner lenders at affordable interest rates. The application process is also simple, hassle-free, and requires minimal documentation.

Eligibility to Get a Business Loan Without ITR

  • Individuals, companies, retailers, manufacturers, limited liability partnerships (LLP), partnerships, sole proprietorships, co-operative societies, etc., are all eligible to avail a business loan.

  • Start-ups and first-time business owners are also eligible for a start-up business loan.

  • The business loan applicant must be at least 18 years old or at most 65 years of age (at the time of loan maturity).

  • The borrower can apply for a loan amount ranging from ₹10,000 to ₹30 Lakhs, depending on the business requirements and their credit profile.

  • To be eligible for the loan, the applicant must have a credit score of 700 or above. The higher the credit score, the better will be the loan terms.

  • The minimum business turnover is determined by the lender and varies for different lenders.

  • Collateral is not required, except for equipment finance, bill discounting, or letter of credit.

Who can Apply for a Business Loan Without ITR

The following entities can apply for a business loan without ITR:

  • Companies

  • Individuals

  • LLPs

  • Trusts

  • Co-operative societies

  • Partnerships

  • Sole proprietorships

Documents Required to Apply for Business Loan Without ITR

You need to furnish the following documents while applying for a business loan from a financial institution without ITR:

  • Duly filled application form

  • Passport-size photographs

  • Business plan

  • Identity proof such as a voter’s ID, passport, driving licence, etc.

  • Business existence proof and address proof

  • PAN card of the company, individual, or partner(s), whichever is applicable

  • Proof of residence such as driving licence, voter’s ID, passport, electricity bill, bank statement, rent agreement, etc.

  • Company’s Incorporation Certificate

  • Partnership Deed or MoA (Memorandum of Association)

  • Shops and Establishment Certificates and rent agreement

  • Current account bank statement

What are the Easy Ways to Avail a Business Loan Without ITR

  • There are many government schemes that one may consider for availing a business loan without ITR. No collateral is required for most of these loans. The Mudra loan scheme is the best example of government schemes that offer loans to businesses without ITR.

  • If you own a property or land, you can pledge it as collateral while applying for a business loan. It makes the process easier and improves the chances of loan approval.

FAQs on How to Get Business Loan Without ITR

  • ✔️How much ITR is required for a business loan?

    Lenders usually do not specify the minimum ITR requirement for a business loan. However, the higher the ITR, the better are the chances of approval. As mentioned above, many lenders today also offer business loans to start-ups even without an ITR.

  • ✔️Can I get a business loan without ITR?

    While it may be difficult, many banks and NBFCs do offer business loans to new start-ups even without ITR.

  • ✔️What are the drawbacks of applying for a business loan without ITR?

    Some of the drawbacks of applying for a business loan without ITR include delay in processing the loan application, less amount sanctioned, and a comparatively shorter repayment tenor.

  • ✔️Can all kinds of businesses avail a business loan without ITR?

    Yes, all kinds of businesses can apply for a business loan without ITR. However, approval of the loan application is entirely at the discretion of the lender.

  • ✔️Can collateral or security help me get the business loan without ITR?

    Definitely. If you own a property, you can consider pledging it as collateral while applying for a business loan without ITR. It will make the process easier and also improve the chances of approval.