Availing a loan can help you meet your financial requirements. It is however necessary to know your eligibility for the loan prior to applying, because it can help you avoid taking wrong decisions. You can check your eligibility using the Eligibility Calculator on Finserv MARKETS.
Eligibility for Business Loan
To avail a business loan, the following eligibility criteria needs to be fulfilled:
You should be a self-employed individual
Your age should be between 25-65 years
A minimum vintage of at least 3 years is required for your business
You must have Income tax returns of at least 1-year
Business Loan Eligibility Calculator
Complete your business loan eligibility check and apply for a Business Loan.
You are eligible for a loan amount of
You are eligible for a loan amount of
Types of Business that Qualify for a Business loan
The following are the businesses that are eligible for a business loan.
Sole proprietorship firms
Private limited companies and closely held limited companies
Partnership firms
Self-employed individuals / professionals
Retailers
Manufacturers
Traders
Documents Required for Business Loan
The documents required include Aadhaar Card, PAN Card and other business-related documentation.
Having all the required documents can make the application process smoother and easier.
Know about how to apply for aadhar card business loan
Why Choose Finserv MARKETS
With Finserv MARKETS, you can get a business loan of up to ₹35 lakhs. What’s more? Your loan application can be approved instantly! You also get to enjoy flexible repayment options and the whole process requires minimal documentation.
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Frequently Asked Questions on Business Loan
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✔️What happens if I miss one EMI payment?
Missing an EMI payment can lead to late payment fee that you need to pay.
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✔️Why is it important to calculate Emi before taking out a business loan?
Calculating the EMI beforehand can help you find out the EMI amount that you need to pay monthly and manage your finances accordingly.
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✔️Will my EMI change in the future or remain the same?
The EMI typically remains the same.
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✔️Can the interest in EMI be reduced?
Yes, the interest can be reduced with increase in repayment tenure.
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✔️What is the mode of repayment of the monthly EMI?
EMIs can be paid online through debit mandate, ECS or cheques.
Happy Customers of Finserv MARKETS
I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!
My husband and I will finally move into our own house this Diwali. All thanks to Bajaj Finserv, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!
Kids grow up fast and to fulfill their dream trip to Disneyland I had everything but instant funds. With no collateral or guarantor required and a hassle-free processing, I gifted my family a memorable trip to Orlando with just a click!
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I bought my first iPhone using my Bajaj Finserv EMI Network Card. Zero downpayment with a No cost EMI on Bajaj Finserv EMI store just made my day!
Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!