Business Loan availability and eligibility criteria

Business Loan availability and eligibility criteria
Business loans are available for an amount between Rs. 10 lakhs to Rs 5 crores for small business,
Business loans are available for a limited repayment time from 3 years to 5 years.
The unsecured loan can be from 10 lakhs to 35 lakhs.
Business loans are available for self-employed persons that either want to start a new business or already have their own business or their own company; it depends on their company's credibility and their yearly turnover.
To obtain a business loan in India the person should be an Indian national only.

Eligibility Criteria: -
Age of applicant should not be less than 21 years
Age of applicant at loan maturity should not be more than 65 years
Net Monthly Income should be at least Rs. 1,50,000 per year
Minimum yearly turnover should be Rs 10 lakhs

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