Business 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 Annafin

• 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