If your company's financial records are missing Income Tax Returns (ITR), you may be wondering if you qualify for a business loan. Here's the answer to your concern.

1. Is it possible to obtain a business loan
without an ITR? If so, how?

2. What does the credit
bureau mean?
• It is the agency in charge of
gathering your personal and
financial information.
• It analysis your credit
behaviour and prepares a
credit report based on it.

3. Events when
businesses lack ITR
• A start-up in its first year of
operation.
• If your business income does
not fall within the minimum tax
bracket.

4. How do I get a loan if I don't have an
ITR?

5. Financial records
• Check to see if your
company's other financial
statements are in order.

6. Security
• You can pledge your
company's assets in exchange
for funds.

7. Introduce guarantor
• Having a guarantor on your
loan increases your loan
eligibility.
• The guarantor must possess a
decent credit profile.
• Their repayment obligation is
the same as yours.

8. Healthy credit record
• Avoid missing out on existing
debt EMIs.
• Clear any previous defaults.

9. Other essential documents
for securing business
finance without ITR
• Identity and address proof
• Business vintage proof
• Income proof

10. It is difficult to obtain
business financing
without ITR. Even if you
are accepted, the
interest rate will be
higher.

11. Thanks
Would Love to hear from you.
Hero Fincorp Limited
09, Basant Lok, Vasant Vihar, New Delhi - 110057
Tel : 18001024145
Email : customer.care@herofincorp.com
Website : https://www.herofincorp.com/
Know More :How to get a business loan without ITR?