Unsecured loan Eligibility for One-man Shop

Unsecured loan Eligibility for One-man Shop

You will be required to meet the following eligibility criteria if you are a self employed and want to take a loan from bank for your business purposes:

Parameter Eligiblity requirements
Eligibile Entities one-man shop gurus such as for instance health practitioners, Chartered Accountants, CS, Architects yet others
Eligible Age Within chronilogical age of 21 to 65 years
Income Tax Returns (ITR) debtor must have filed ITRs for no less than two to three ages
Gross Annual Receipts Gross Annual Revenue ( Income) of this debtor ought to be significantly more than в‚№ 5 Lakh or maybe more
Work Enjoy need to have been run the training for longer than 3 years
Banking Stability six months bank statements checked for normal bank stability, amount of transactions and cheque bounces
CIBIL get 650 or above

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