Business LoanEligibility & Documents Required

A business’s ability to grow is critical, especially in the current competitive environment, where it is virtually impossible for a business to exist without increasing revenue and profit. There are numerous strategies to boost revenue and profit, but all of these necessitates a significant amount of capital. This is where a Business Loan can provide much-needed assistance.

Unsecured Business Loans are available in India from banks and Non-Banking Financial Corporations (NBFCs) to address the urgent needs of capital for a growing business.

Accessing quick business finance is easy with the Capitalneed. We provide an easy loan with flexible tenure. Business owners need to meet the basic eligibility criteria and submit the required documents to get started. Minimum documentation greatly simplifies the loan application process and offers financing without any hassle.

To ensure a smooth experience, business owners need to make sure they meet the Business Loan eligibility criteria and submit all the documents required during the loan application process. There are different requirements that should be met to become eligible to apply for a loan for your business.

Eligibility Criteria

Business owners need to meet the following eligibility criteria to avail of funds for their businesses from Capitalneed:

Criteria	Requirement
Age	Applicants must be between 24 and 65 years of age (at loan maturity).
Business Vintage	Applicants must have a business vintage of at least 1 years.
Annual Turnover	The applicant’s business must have a minimum annual turnover of ₹30 Lakh.

Note: The above-mentioned eligibility criteria is indicative. Additional eligibility criteria may be required during loan processing by Capitalneed.

Documents Required

Business owners need to submit the following documents required:

Documents	Requirement
KYC	Director/Proprietor/ Partner PAN Card/Aadhaar Card/Driving License/Voter ID/Passport Proprietor/Partner/Director PAN Card/Aadhaar Card/Driving License/Voter ID/Passport Personal Docs - All Individual/Partner/Director - PAN Card/Aadhaar Card/Driving License/Voter ID/Passport & Officially Valid Documents + Proof of Address (If not as per Officially Valid Documents) Business Docs - Business Registration Proof + Business Address Proof (if not as per Business Registration Proof)
Business Address Proof	Utility bills/ Rent Agreement
Financial Documents	Bank account statement of past 6 months.

Note: The above-mentioned list of documents is indicative. Additional documents may be required during loan processing.