The eligibility criteria that such funding houses determine are simple and minimal.
Bajaj Finserv Working Capital Loan eligibility criteria is easy-to-meet.
If you fulfil the following working capital loan requirements, your loan will be easily approved:
1. You must be aged between 22-55 years.
2. Your business should be in operations for at least 3 years.
3. Income Tax returns for your business must have been filed for the same period.
4. If your annual turnover last year was higher than Rs.1 crore, your financial statements would need to be audited by a CA.
With a good CIBIL score, you can increase your chances of getting a working capital loan approved and also get a better deal on the borrowing.
Manage operational expenses
Up to Rs. 30 lakh | Flexible tenor options
Hassle-free finance for your enterprise
Up to Rs. 30 lakh | Approval in 24 hours
Funds to upgrade machinery
Up to Rs. 30 lakh | Pay only interest as EMI
Avail customized loan
Up to Rs. 30 lakh | Minimal documentation