Forums > General Discussion > Business loan
| Business loan | |
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| Posted: 14 Nov 2022 17:39 UTC | Post #1 |
| Solio Deck & Engine |
Registered Total Posts: 43 |
| A business loan is an unsecured loan that one can avail of without any collateral. Hence the applicant can obtain an unsecured business loan of up to Rs 50 lakhs depending on their eligibility, quickly and with minimal documentation. The requirements of a business loan are as follows: Eligibil ity Requirements Self -employed individuals, proprietors, private limited firms or partnership firms. A business experience of 5 years The current business should be at least 3 years old Business should have a minimum turnover of at least INR 10 lakhs The applicant should be aged between 22 years at the time of loan application and 65 years at the time of loan maturity The business should have been running profitably for the past two years The enterprise should have a minimum income of Rs 2 lakhs annually. Minimum CIBIL score of 750 with good credit history | |
| Posted: 14 Nov 2022 19:01 UTC | Post #2 |
| kosallina Deck & Engine |
Registered Total Posts: 7 |
| I'm quite a gambling man and I often have to play at the casino. It's just my life. Because of this, after losing, I wanted to win back all the time and so I borrowed money from my friends. I accumulated a very decent amount of debt and my friends asked me every day when I would pay them back. To begin with, check out Mobilend and decided, thanks to this company, to get rid of all my debts. Yes, I now owe a certain amount to this company, but that's okay. It's better to be indebted to a company than to loyal friends. | |
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