To qualify for a business loan in India, you need to meet certain eligibility criteria set by banks and NBFCs. Here are the key points:

✅ Age Limit: Applicant should be between 21 to 65 years
✅ Business Type: Loans are available for proprietorships, partnerships, LLPs, private limited companies, and other small businesses
✅ Business Vintage: Most lenders require a minimum 1 to 3 years of business operation
✅ Annual Turnover: Must meet the lender's minimum turnover requirement, usually starting from ₹10 lakhs
✅ Credit Score: A minimum CIBIL score of 650 is usually preferred
✅ ITR Filing: Should have filed Income Tax Returns for the last 1–2 years
✅ Documents Required:

• PAN Card, Aadhaar

• Business Registration Proof

• GST Returns

• Bank Statements (6–12 months)

• ITR and Financial Statements

Getting a business loan without collateral is also possible under schemes like CGTMSE or with good banking history.