Check Your Eligibility With Top Banks and NBFC's


How Much Amount Do You Need To Scale - up Your Business ?

Enter amount!

Minimum amount is Rs.15,000 !

Maximum amount is Rs. 75 Lakhs!

Proceed

Gross Annual Sales / Turnover

Select Your Annual Turnover!

Proceed
Back

Tell Us About Your Business

Select Your Business Type!

Select Your Profession Type!

Select Nature Of Your Business or Profession!

Proceed
Back

Which City Do You Live?

Enter your location!

Enter valid Location!

Proceed
Back

Enter your name!

Enter your email id!

Email Id Format Mismatch!

Enter your valid mobile no.!

Back

Interest rate: 14.99%*
Loan Duration: Upto 5yrs

4.5 /5(500 Votes)

Business Loan Eligibility Calculator

Business Loan Eligibility Calculator is a very helpful financial tool. Before you go for Business Loan Apply Online you should know what your Business Loan Eligibility Criteria is. To use Business Loan Eligibility Calculator you have to put some key information like your company name, your yearly turnover, monthly income etc. Even to make your Business Loan Eligibility high your CIBIL Score must be at least 750. Your Business Loan application will be sanctioned if you have all the Business Loan Eligibility criteria. The Business Loan Eligibility Calculator is completely free of cost so you can check your Business Loan Eligibility from anywhere at any time. As every financial institution has different Business Loan Eligibility Criteria but you should know the basic Business Loan Eligibility Criteria.

Factors which affects Business Loan Eligibility Calculator

Business Loan is an unsecured loan, so you don’t have to mortgage anything, so if you fail to pay your Business Loan amount the lender can’t ask for you anything. So the Business Loan Eligibility is high compared to home loan or car loan. Your Business Loan eligibility based on your inputs it will change if your inputs are wrong. Here are the factors which affects Business Loan eligibility Calculator.

  • Applicant’s Age

    The applicant’s age is also important on Business Loan eligibility. To avail a Business Loan you need to be in the age group from 21 to 65 years old. The younger you are there are more chance that your Business Loan eligibility is high and you will get a loan in lowest interest rate. You will even avail offers as you are younger.

  • CIBIL Score

    Your CIBIL Score matters a lot on your Business Loan eligibility. If you have high CIBIL Score that means your Business Loan Eligibility is high and if you have low CIBIL Score your Business Loan Eligibility is low. Your CIBIL Score depends on how you pay your Business Loan. To make your CIBIL Score high you need to repay your Business loan on time.

  • Debt

    If you have existing debts which means if you are currently paying any kind of EMI for Credit card, home loan or Business Loan your Business Loan Eligibility will be lower but if you don’t have any kind of debts your Business Loan eligibility will be high.

  • Geographic Location

    Geographical locations matters a lot on your Business Loan Eligibility as if you are from metro city you have higher Business Loan Eligibility is higher than someone from rural areas. Some financial institutions have red marked on some places so if you are from one of those places your Business Loan Eligibility can be lower.

  • Housing Situation

    If you have your own house there are maximum chances that your Business Loan Eligibility is high and your business loan will be approved but if you are living in a rental house your Business Loan Eligibility is low as your monthly income gets lower for that.

  • Business Stability

    If you need to take a business loan your business loan eligibility should be higher and for that you should have higher Business Loan Eligibility. Your financial institution will ask you if your income from business is stable or not and if the profit of your business is marginal your business loan eligibility will be lower and that financial institution may ask you for collateral to approve your business loan.

  • ITR & Banking

    Business Loan is only sanctioned only after your applied financial institution checked your your income tax return and bank statements. To match Business Loan Eligibility Criteria you need to submit your ITR details of 12 months (which can vary) and they also require the bank statements of past six months.

Business Loan Eligibility Criteria

Parameters Business Loan Eligibility Criteria
Eligible Entities Self employed non professionals – Sole proprietors, partnership firms, private limited companies, public limited companies involved in the business of manufacturing, trading and services

Self employed professionals – Doctors, CA, CS, Architects.
Age 21 - 65 years
Loan Amount Rs. 50,000 to Rs. 100 Cr
Interest Rate 13.50% - 22.00%*
Loan Tenure Up to 5 years
Business Vintage For self employed professional - 3 years

For self employed businessmen - 5 years
Annual Turnover Rs. 1 Cr and above
Banking Stability 6 months and above
CIBIL Score 650 or above
Other Eligibility Conditions Borrower should have a self owned house or work place

Business Loan Eligibility Criteria, All Banks in India

Bank Eligible Business Loan Amount for Max Tenure Age of the borrower Minimum Work Experience
Business Loan Eligibility SBI Rs. 15 Lakh for 48 Months 21 to 58 Years 24 Months
Business Loan Eligibility HDFC Bank Rs. 50 Lakh for 60 Months 21 to 60 Years 24 Months
Business Loan Eligibility ICICI Bank Rs. 30 Lakh for 60 Months 23 to 58 Years 24 Months
Business Loan Eligibility Bajaj Finserv Rs. 25 Lakh for 60 Months 27 to 58 Years 36 Months
Business Loan Eligibility Citibank Rs. 30 Lakh for 60 Months 23 to 60 Years 36 Months
Business Loan Eligibility IDFC First Bank Rs. 25 Lakh for 60 Months 23 to 58 Years 12 Months
Business Loan Eligibility Axis Bank Rs. 15 Lakh for 60 Months 21 to 60 Years 12 Months
Business Loan Eligibility Tata Capital Rs. 20 Lakh for 60 Months 21 to 58 Years 24 Months
Business Loan Eligibility Fullerton India Rs. 20 Lakh for 48 Months 21 to 58 Years 36 Months
Business Loan Eligibility IndusInd Bank Rs. 25 Lakh for 60 Months 21 to 60 Years 24 Months
Business Loan Eligibility Kotak Bank Rs. 15 Lakh for 60 Months 21 to 58 Years 24 Months
Business Loan Eligibility RBL Bank Rs. 20 Lakh for 60 Months 25 to 60 Years 36 Months
Business Loan Eligibility IIFL Rs. 25 Lakh for 60 Months 25 to 60 Years 36 Months
Business Loan Eligibility HDB Financial Rs. 20 Lakh for 60 Months 21 to 60 Years 24 Months
Business Loan Eligibility Standard Chartered Bank Rs. 30 Lakh for 60 Months 23 to 58 Years 36 Months
Business Loan Eligibility Union Bank of India Rs. 5 Lakh for 60 Months 21 to 58 Years N/A
Business Loan Eligibility Canara Bank Rs. 3 Lakh for 48 Months 21 to 60 Years 36 Months
Business Loan Eligibility Yes Bank Rs. 20 Lakh for 60 Months 21 to 60 Years 24 Months
Business Loan Eligibility Indian Overseas Bank Rs. 15 Lakh for 60 Months 21 to 58 Years 36 Months
Business Loan Eligibility Corporation Bank Rs. 2.50 Lakh for 36 Months 21 to 58 Years N/A
Business Loan Eligibility PNB Rs. 15 Lakh for 60 Months 21 to 58 Years N/A
Business Loan Eligibility Syndicate Bank Rs. 2 Lakh for 60 Months 21 to 58 Years N/A
Business Loan Eligibility IDBI Bank Rs. 10 Lakh for 60 Months 22 to 60 Years 36 Months
Business Loan Eligibility Allahabad Bank Rs. 7.50 Lakh for 60 Months 21 to 58 Years 24 Months
Business Loan Eligibility Bank of Baroda Rs. 2 Lakh for 36 Months 21 to 60 Years 36 Months
Business Loan Eligibility Andhra Bank Rs. 5 Lakh for 60 Months 21 to 55 Years N/A
Business Loan Eligibility Indian Bank Rs. 5 Lakh for 36 Months 21 to 58 Years N/A
Business Loan Eligibility Federal Bank Rs. 10 Lakh for 48 Months 21 to 55 Years 36 Months
Business Loan Eligibility Bank of Maharashtra Rs. 1.50 Lakh for 36 Months 21 to 60 Years 36 Months
Business Loan Eligibility Karur Vysya Bank Rs. 10 Lakh for 36 Months 25 to 60 Years 24 Months

FAQ’s

The minimum CIBIL Score for a Business Loan Eligibility is 650.
The minimum and maximum period to repay a Business Loan is 12 months to 60 months.
The minimum age for the business loan eligibility is 21.
The lowest interest rate for business loan is 13.50%* .
The annual turnover for business loan eligibility is Rs. 1 cr. minimum.
*Interest rate and Loan approval are subjected to band discretion and approval.
Top