At RAPIDLOANS, We understand how every little step really counts when you’re trying to reach your business goals. To help you meet newer milestones of success, we offer a range of collateral-free customized business loans. These loans are best suited for your business needs and help you achieve your goals faster.
Eligibility Criteria for Business Loans
| Age | 18/21 Years to 60/65 years |
| Employment Type | Self Employed |
| Credit Score | 700 and above with a good credit history |
| Minimum Turnover | A minimum turnover of ₹ 90,000 or more in the 3 months preceeding your loan application |
| Loan Amount | Upto 50 Lakh depending on the credit profile |
| Work Experience | Minimum 3 Months employed in the same organisation |
| Firm Type | Sole Proprietorship firms, Partnership firms, Private Limited Companies involved in business of Manufacturing, Trading and Services are eligible. |
Documents Required for Business Loans
- KYC Documents ( Aadhaar card, Pan Card )
- Bank Statement – Last 12 Months
- ITR with Income Computation*
- GST Registration Certificate
- Profit & Loss Statement
- Balancesheet
- Rent Aggreement of Business Address
- Electricity Bill of Business Address
- MSME/UDYAM/UDYOG AADHAR