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Loan Eligibility
Home Loan Eligibility Criteria
Primarily an unsecured loan, a Business Loan empowers you to avail funds without collateral for infusion into your enterprise for purposes that you deem fit.
However, to avail such a facility, you need to fulfil certain eligibility criteria laid down by our Partner Banks and NBFCs.
Age
- Minimum 18 years
- Maximum 65 years a time of Loan Maturity
Nationality
- Resident Citizen of India with no Criminal Record
Business
- Minimum 3 years Own Business Vintage
- Minimum Annual Turnover and Profit at Lender's Discretion
- Registered Chartered Accountant Audited Balance Sheet Compulsory
- No Previous Default with any Financial Institution
Credit Score
Credit Score of 700 & More
Business Loan Eligible Entities
The following entities may avail Business Loans at Pay U Loans
- Resident Individuals
- Self-employed Professionals
- Enterprises
- SMEs or Small and Medium Enterprises
- MSMEs or
- Artisans
- Traders
- Manufacturers
- Shopkeepers
- Small Vendors
- Retailers
- Companies
- Private Limited Companies
- Public Limited Companies
- Sole Proprietors
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