Loan

What is a Business Loan?

Each business is unique & has specific requirements. Business loans are offered by various banks & financial institutions across the country and are customized & customer-centric. These are made to offer the business owners with a wide array of financing alternatives.

The small business loan is the safest & easiest option to appropriately finance the business objectives. Banks & financial institutions offer tailor-made loans based on the nature, scope & goal of the requirements.

Business Loan Details

Streamlined business loans – check eligibility and required documents for a seamless application process.

Loan amount starting from 50k to 10 Lakhs
Business Vintage-Minimum 12 Months
Age 21-60 years
Type of Business-Proprietorship
Type of Bank Account-Saving/Current Account
KYC Documents of Promoter
Business Vintage proof of minimum 12 months
Minimum 6 months bank statement (PDF downloaded from netbanking)
GST Certificate (Optional)

Personal Loan

To be eligible for a personal loan in India, you typically need to meet the following criteria:

Age: Be between 21 and 60 years old
Employment: Be a salaried employee, self-employed professional, or business owner
Income: Have a minimum monthly income
Credit score: Have a credit score of 700 or above
Residency: Be a resident of India with valid proof of address
Work experience: Have a minimum amount of work experience

Other factors that may affect your eligibility include: Your debt-to-income ratio, Your previous interactions with the lender, Your type of residence, The area or city in which you live, and The company or organization you work for.

You can use a personal loan eligibility calculator to check if you meet the eligibility criteria for a personal loan.

What is the document required for a personal loan?

Identity proof- Accepted documents include passport copy, voter ID card, driving license or Aadhar card. Address proof- Aadhar card, driving license, voter ID, or passport copy work as address proof too. Bank statements of the last three months

As of March 2025, the interest rate for a personal loan in India ranges from 10.49% to 24% per annum, depending on the bank and the loan amount. [1, 2, 3]

Interest rates for personal loans from various banks [1, 4, 5, 6]

HDFC Bank: 10.85% to 24% per annum
IndusInd Bank: 10.49% per annum onwards
ICICI Bank: 10.85% to 16.65% per annum
Yes Bank: 11.25% to 21% per annum
SBI: 8.25% per annum onwards
Axis Bank: 11.25% per annum onwards
Kotak Mahindra Bank: 10.99% to 16.99% per annum
IDFC FIRST Bank: 10.99% per annum onwards

Additional charges for personal loans [2]

Processing fee: Up to 2% of the loan amount plus applicable taxes [2]
Stamp duty: As per applicable state laws [3]
Bounce charges: For dishonor of any payment instrument or non-payment of installment(s) on their respective due dates [7]
Pre-payment charges: Up to 4.72% of the outstanding loan amount as on the date of full prepayment [7]

Home Loan Eligibility Calculator

These calculators are provided only as general self-help Planning Tools. Results depend on many factors, including the assumptions you provide. We do not guarantee their accuracy, or applicability to your circumstances.
NRI should input net income.

What is Home Loan Eligibility?

Home loan eligibility is defined as a set of criteria basis which a financial institution assesses the creditworthiness of a customer to avail and repay a particular loan amount. Home loan eligibility depends on criteria such as age, financial position, credit history, credit score, other financial obligations etc.

Home Loan Eligibility Criteria

Present Age and Remaining Working Years: The age of the applicant plays a major role in determining home loan eligibility. The maximum loan term is generally capped at 30 years.
Age Limit for Salaried Individuals: 21 to 65 years .
Age Limit for Self-Employed Individuals: 21 to 65 years.
Minimum Salary: ₹10,000 p.m.
Minimum business income: ₹2 lac p.a.
Maximum Loan Term: 30 years.
Financial Position: The present and the future income of applicant(s) has a significant impact on determining the loan amount.
Past and Present Credit History and Credit Score: A clean repayment record is considered positive.
Other Financial Obligations: Existing liabilities such as a car loan, credit card debt, etc.

How to enhance Home Loan eligibility?

The eligibility for Home Loan can be enhanced by

Adding an earning family member as co-applicant.
Availing a structured repayment plan.
Ensuring a steady income flow, regular savings and investments.
Furnishing details of your regular additional income sources.
Keeping a record of your variable salary components.
Taking actions to rectify errors (if any) in your credit score.
Repaying ongoing loans and short terms debts

L&T Finance Policy

✅ Loan Amount: 50k to 15 Lakh

✅ ROI : From 12%

✅ Age: 23 to 57

✅ Loan for : Both Personal Self Employed and Salaried

✅ Tenure: 12 to 48 Months

✅ CIBIL Score: 720+ (NTC not Allowed)

✅ Enquiry: 1 or 2 Accepted in Last 2 month

✅ For Better Approval Ratio: At Least 1 Unsecured Loan Track (PL or BL) on time Repayment Either HL or LAP Case Track 🚨🚨

🚨 Remember: Fill Customer Actual Information

📃 Documents Required📃

✅ Aadhar Card

✅ Pan Card

✅ Valid Current Address Proof

✅ Saving Bank Account

📹 Video KYC Mandatory

File Login Link: Click here

For Case Disbursed Use this Link : https://planet.ltfs.com/LTFS-CL/

Unity Small Finance Bank

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Loan Policy

✅ Segment: Salaried/Self Both

✅ Loan Amount: 50K to 5 Lakh

✅ Age: 23 to 55

✅ Cibil Score: 720+ (NTC not Doable)

✅ ROI: 16 to 30%

✅ No DPD Allowed

🚨 For Better Approval Ratio Unsecured/Secured Loan Track Required

✅ No Physical Verification

✅ Complete Digital Process

Poonawalla Fincorp Loan

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Poonawalla Instant Loan

👇🏻 Poonawalla Policy👇🏻

✅ Loan Amount: 50k to 3 Lakhs

✅ Age: 23 to 55

✅ Cibil Score: 720 + (NTC not Doable)

✅ Serviceable: Pan India

✅ Enquiry: 2 or 3 Accepted in Last 1 Month

✅ ROI: 15 to 36 (Average 22 to 24%)

✅ Instant Approval

✅ Same Day Disbursed

✅ Only KYC LOAN

✅ At Least 1 Unsecured Loan Track for Better Approval

🚨 Remember Two Points Important🚨

✅ No More Enquiry Allowed

✅ Loan Track

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