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Indiabulls Business Loan Eligibility

Indiabulls Business Loan Eligibility Calculator is one of the most finely financial tools. With the help of Indiabulls Business Loan Eligibility Calculator you will know your Indiabulls Business Loan Eligibility before you take a Indiabulls Business Loan. You can use Indiabulls Business Loan Eligibility Calculator so many times because it is completely free, and Indiabulls Business Loan Eligibility Calculator is also available online. You just can put the important points and can calculate your Indiabulls Business Loan Eligibility. You have to put your business turnover, the monthly EMI amount you pay etc.

Factors which affects Indiabulls Business Loan Eligibility Calculator

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

  • Applicant’s Age

    The applicant’s age is also important on Indiabulls Business Loan Eligibility. To avail an Indiabulls 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 Indiabulls 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 Indiabulls Business Loan Eligibility. If you have high CIBIL Score that means your Indiabulls Business Loan Eligibility is high and if you have low CIBIL Score your Business Indiabulls 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 Indiabulls Business Loan Eligibility will be lower but if you don’t have any kind of debts your Indiabulls Business Loan Eligibility will be high.

  • Geographic Location

    Geographical locations matters a lot on your Indiabulls Business Loan Eligibility as if you are from metro city you have higher Indiabulls 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 Indiabulls Business Loan Eligibility can be lower.

  • Housing Situation

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

  • Business Stability

    If you need to take an Indiabulls Business Loan your Indiabulls Business Loan Eligibility should be higher and for that you should have higher Indiabulls 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 Indiabulls Business Loan Eligibility will be lower and that financial institution may ask you for collateral to approve your Indiabulls Business Loan.

  • ITR & Banking

    Indiabulls Business Loan sanctioned your business loan amount only after checking your income tax return and bank statements. To match Indiabulls Business Loan Eligibility Criteria you need to submit your ITR details of 24 months and they also require the bank statements of last six months.

Indiabulls Business Loan Eligibility Criteria

Parameters Indiabulls 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. 30 lacs
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

FAQ’s

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