Eligibility For SME Loans

The Applicant should be at least 21 years of age.

Individuals eligible for unsecured business loan are self-employed professionals, private limited company, proprietors, public limited company, and partnership firms running trading, manufacturing or services business.

The Applicant must be in the current business for 3 years and should have an overall business experience of 5 years.

The business should have a minimum annual income (ITR) of ₹ 1.5 lakhs.

*Note: Different banks/financial institutes have different eligibility criteria.