Business loan is an unsecured loan an individual can avail for business purposes. A co-applicant is not necessary for a person to apply for business loan.
Business Loan Eligibility
• The personal loan eligibility criteria for salaried employee is as follows.
• Minimum age of Applicant : 21 years
• Maximum age of Applicant at loan maturity : 60 years
• Minimum Net Monthly Income : Rs. 15,000 per month (minimum Rs. 15,000 – Rs. 20,000 in some banks according to their loan eligibility criteria)
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