Who could be eligible for a Business Loan?

 

Are you thinking of availing a business loan anytime soon? Browse through our business loan eligibility criteria mentioned below, to make sure your business loan is approved at the very first go : -

 

• The applicant has to be in business for last 3 years with a minimum turnover of Rs.3 Lakhs

• The business must have generated profit for a minimum of 1 year

• The applicant should be a Sole Proprietor / Partnership firm / Private Ltd Co. / Trust / LLP involved in the business of Manufacturing, Trading or Services

• The main applicant should be minimum of 25 years of age & should be no older than 60 years at the time of loan maturity.

  

​

Personal Loan Eligibility Criteria

 

Any Indian resident who is an active employee of an MNC, Public or Private limited company and is between 21- 58 years of age is eligible for availing a personal loan at Sunita Finance.

The following are some of the other criteria for availing a Personal loan.

 

• A net salary of Rs.15,000/- per month.

• A person who has a minimum educational qualification of being a graduate.

• An active resident of a city for at least 1 year.

• A minimum work experience of at least 1 year.

​

​

What are the fees and charges associated with Sunita Finance Business Loans?

​

• Documentation Charges:3% of the sanctioned amount.

• Check out the business loan rates for availing the business loan.

 

How much EMI do I have to pay for a Business Loan?

​

To know how much EMI you would have to pay every month, try our easy-to-use business loan emi calculator. Simply enter the following details & Know your EMI:

 

• Loan Amount.

• Desired Interest Rates (%).

• Tenure in Years/Months.

 

 

What are the documents that I need for getting a Business Loan?

 

We, at Sunita Finance Ltd., believe in fast loan disbursals with minimum troubles of lengthy paperwork. Check out the documents required for business loan to know more.

 

 

Eligibility

  

Are you thinking of availing a business loan anytime soon? Browse through our business loan eligibility criteria mentioned below, to make sure your business loan is approved at the very first go:

 

The applicant has to be in business for last 3 years with a minimum turnover of Rs.3 Lakhs

The business must have generated profit for a minimum of 1 year

The applicant should be a Sole Proprietor / Partnership firm / Private Ltd Co. / Trust / LLP involved in the business of Manufacturing, Trading or Services

The main applicant should be minimum of 25 years of age & should be no older than 60 years at the time of loan maturity

 

​

What are the fees and charges associated with Sunita Finance Business Loans?

 

• Processing fees: Maximum 3% of the loan / facility amount

• Documentation Charges:

• Loan amount less than 50,000 - Rs.5000/-

• Loan amount greater than 50,000 - 3% of the sanctioned amount.

• Check out the business loan rates for availing the business loan.

 

What are the documents that I need for getting a Business Loan?

 

We believe in fast loan disbursals with minimum troubles of lengthy paperwork. Check out the documents required for business loan to know more.

 

Why should you apply for Sunita Finance Business Loans?

 

• Sunita Finance Business Loans are available from Rs. 50,000 to Rs. 5 Lakhs

• Minimal paperwork and speedy approvals

• Easy repayment options

• Services are made available at your doorstep

• To find out what more is in store for you, take a look at our business loan features for more details.

​