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Facets that determine eligibility for company loan are

Facets that determine eligibility for company loan are

  • Eligible Age – Banks consider borrowers as we grow older of 21 years to 65 years
  • Loan Amount – Loan quantity of ? 50,000 to ? 100 Cr could be availed on company loan. Greater the mortgage quantity, greater the probabilities to have low-value interest.
  • Loan Tenure – loans are short term loans and are usually offered for the faster period. Generally speaking, these loans receive for the tenure of just one year to 5 years.
  • Earnings Tax Returns (ITR) – A self used could possibly get a company loan, only once this has filed regular ITRs for the previous several years. Banking institutions think about borrowers who possess filed ITRs of 2 years or even more as entitled to get business loan.
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