What are the eligibility criteria for working capital loans?
Bajaj Finserv offers working capital loans with eligibility criteria that are easy to meet. When you qualify based on the following business loan eligibility criteria, you increase your chances of approval:
Nationality: Indian
Age: 24 to 80 years*
(*Age should be 80 years at Loan Maturity)
Work status: Self-employed
Business vintage: 3 years
CIBIL Score: 685 or higher
Check your business loan eligibility to ensure you meet all the required parameters before applying. This simple step can help you avoid delays and improve your approval chances.
Apart from this, ensure that you can submit your IT returns filed for the last year and the P/ L statements and balance sheets of your business for the past 2 years.
Check your pre-approved business loan offer to explore customised financing solutions that suit your working capital needs.
Check your CIBIL score before you apply to ensure fast approval on your working capital loan application.
Additional read: What is working capital
Additional read: Working capital management
Additional read: Net working capital
