Proprietorship Business Loan Eligibility & Documents
To qualify for a Proprietorship Business Loan, your enterprise must meet the following simple criteria:
- Age: Minimum 22 years at the time of application and maximum 65 years at loan maturity.
- Business Vintage: The business should be operational for at least 2 years.
- Turnover: Minimum annual turnover of ₹10 Lakhs.
Documents Required:
- KYC Documents (Aadhaar, PAN Card).
- Business Proof (GST Registration, Trade License).
- Bank Statements for the last 6 months.
- Latest ITR and audited financials.
