Here's How You Can Get a Business Loan from NBFCs:
Businesses prefer NBFCs for availing of funds because of the flexible loan terms and the attractive interest rates offered. It also allows business owners to choose a loan that fits their needs and purpose. NBFCs offer a hassle-free and stress-free loan experience to borrowers. With the availability of online loans offered by such companies, businesses have the advantage of accelerating their processes and growth without any hiccups. Eligibility Criteria for NBFC Loan NBFCs have some eligibility criteria to access a borrower’s application. Here are the common ones: The business should show a positive and growing trend in turnover. A minimum annual income should be met. The age of the applicant should be between 22-62 years. Documents Required: It is important to keep the documents ready for speedier approval. GST returns Income tax returns Bank statement KYC documents of business owners Business continuity proof Copy of the filled application forms Types of Loans...