To be eligible for a business loan, applicants must be between 21-65 years old, have a profitable sole proprietorship, partnership firm, private limited company, closely held public listed company, or society/trust that has been profitable for at least 3 consecutive years. Applicants must also provide complete and accurate financial documents including balance sheets, profit and loss statements from the last 2 years as well as tax audit reports, and have a good credit score of 650 or above.

1. Business Loan Eligibility

2. Age
• Minimum- 21 years
•Maximum- 65 years
(Age may vary from bank to bank)
Who can apply?
• Sole Proprietorship
•Partnership Firm
•Private Limited Companies
•Closely Held Public Listed Companies
•Societies
•Trusts
Business Profitability
Business should be in the profitable state for
at least 3 consecutive years.
Company Financials
Complete financials including Balance sheet
and Profit & Loss statement for latest 2 years,
Tax audit reports.
Credit Score Good Credit Score (650 and above)