Frequently Asked Questions About Loans and Loan Assistance

Proprietors, partnership firms, LLPs, private limited companies, traders, manufacturers, service businesses and self-employed professionals such as doctors and chartered accountants, as long as the business meets the lender’s rules on vintage, turnover and credit history.

Lenders look at your turnover, profit, cash flow and bank statements, how long the business has been running, the EMIs it already pays, your credit history and any security offered. ITRs and GST returns are the main proof.

Yes. Many lenders offer unsecured business loans to established businesses with steady turnover, regular banking and a good credit record. A larger amount or a weaker profile may need security such as property.

If your business has to register for GST, lenders usually ask for your GST certificate and returns. A business below the GST threshold can often apply with other proof, such as ITRs, bank statements and a trade licence or Udyam registration, depending on the lender.

It is harder. Most business loans need a track record, often two years or more. A new venture may need a secured loan, a loan under a government scheme or a loan based on the owner’s own income and credit. We can tell you what fits your situation.