Business Loan Eligibility
Check Your Business Loan Eligibility Instantly
See your estimated eligibility score and likely approval tier for a business loan before you apply — free, and with zero impact on your CIBIL score.
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How It's Assessed
What Affects Your Business Loan Eligibility
ClearToLend's eligibility engine weighs four factors that lenders commonly consider for a business loan.
Income vs. Loan Amount
How your monthly income compares to the amount you're requesting, relative to typical lending multiples for this loan type.
Existing EMI Burden
Your Fixed Obligation to Income Ratio (FOIR) — how much of your income is already committed to other loans.
Credit Score Band
Your credit score range influences both the amount lenders may offer and the interest rate you're likely to get.
Employment Stability
Salaried, self-employed professional or business owner status factors into how lenders weigh income predictability.
Eligibility Criteria
Typical Requirements
- Business vintage of at least 1–3 years, depending on lender
- Minimum annual turnover thresholds (varies widely by lender)
- Personal credit score of the promoter/proprietor, typically 650+
- Consistent GST and ITR filings for the business
Be Prepared
Documents You'll Need
- Business registration and GST certificate
- ITR and financial statements for 2–3 years
- Bank statements for the last 12 months
- KYC documents of proprietor/partners/directors
FAQ
Business Loan Eligibility FAQs
Most lenders require a minimum business vintage of 1 to 3 years, along with consistent GST and ITR filings, before considering a business loan application.
Yes. For proprietorships and many small businesses, lenders assess the promoter's personal credit score alongside the business's financial health.
It is harder — most traditional lenders prefer established businesses. Newer businesses may need to explore working capital or collateral-backed options instead.