How Much ITR Is Required For A Business Loan?
Business Loans are one of the most popular loans in recent times. With the growth of Indian economy, there has been an increase in the demand for Business Loan amongst business owners. Business Loan provides financial help to the business owners for various occasions such as buying machinery, construction of a new building, upgrading an existing office or building etc. As a business owner, you should not shy away from taking Business Loan during a financial need. Poonawalla Fincorp has some basic eligibility criteria for Business Loan. Apart from age (minimum age of 24 years at the time of application and not more than 65 years at the time of maturity of loan) and business vintage (a minimum of 2 years), a business needs to have a minimum turnover to be eligible for a Business Loan. In the case of Poonawalla Fincorp, there is no minimum ITR required for a Business Loan. The eligibility is defined in terms of turnover. A Business needs to have a minimum annual turnover of ₹6 Lakh to be eligible for a Business Loan from Poonawalla Fincorp. Businesses lower than this turnover threshold are not covered under Poonawalla Fincorp’s current Business Loan policy. You can apply for Business Loan by visiting https://business-loan.poonawallafincorp.com.