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Facets that determine eligibility for company loan are
- Eligible Age – Banks consider borrowers as we grow older of 21 years to 65 years
- Loan Amount – Loan quantity of ? 50,000 to ? 100 Cr may be availed on business loan. Greater the mortgage quantity, greater the probabilities to obtain interest rate that is low.
- Loan Tenure – loans are quick unsecured loans and therefore are provided for the smaller period. Generally speaking, these loans receive for a tenure of just one to 5 years year.
- Income Tax Returns (ITR) – A self used will get a company loan, only if this has filed regular ITRs when it comes to previous couple of years. Continue reading “Facets that determine eligibility for company loan are”