Small Business Loan Faqs

What is Small Business Loan?

Small Business Loan tailored to meet the needs of a small to medium scale businesses.

Who can get a Small Business Loans?

The applicant should be at least 21 years at the time of applying for the loan, and should be no older than 65 years at the time of loan maturity.

Self employed individuals, Proprietors, Private Ltd. Co. and Partnership Firms involved in the business of Manufacturing,Trading or Services.

Can I get a Small Business Loan without collateral?

Yes, you can get a Small Business Loan without any collateral or security.

Am I eligible for a Small Business Loan?

The following people are eligible to apply for a Business Loan:

- Self employed individuals, Proprietors, Private Ltd. Co. and Partnership Firms involved in the business of Manufacturing, Trading or Services.

- The business should have a minimum turnover of over Rs. 1 crore.       

- Individuals who have been in the current business for a minimum of 2 years.