Welfortune

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Loan Amount: ₹ 100000

Interest Rate: 6%

Loan Tenure: 12 Months

Months Years

Monthly EMI: 0

Principal Amount: 0

Interest Payable: 0

Total Amount payable: ₹ 0

Eligibility Criteria & Eligible Entities

Business Type: Most lenders provide loans to various types of businesses, including sole proprietorships, partnerships, LLCs, corporations, and more.
Credit Score: A good credit score is often required to qualify. Lenders use it to assess your ability to repay.
Business Age: Minimum operational history ranging from a few months to a year or more is required.
Annual Revenue: Lenders may require minimum annual revenue to ensure stability.
Collateral: Secured loans might need assets like real estate, inventory, or equipment.
Cash Flow: Evaluated to check your ability to repay the loan.
Age Criteria: Min. 21 years at loan application, Max. 65 years at loan maturity.
Business Vintage: Minimum 1 year or above.
Business Experience: Minimum 1 year; business location should remain the same.

Annual Turnover: Shall be defined by the Bank/NBFC.
Credit Score: 700 or above (Preferred by most banks).
Nationality: Indian citizens only.
Additional Criteria: Applicants must own a residence, office, shop, or godown.
Eligible Entities:
- Individuals
- MSMEs
- Sole Proprietorships
- Partnership Firms
- Public and Private Limited Companies
- Limited Liability Partnerships
- Retailers, Traders, Manufacturers
- Non-farm income-generating entities in Services, Trading, and Manufacturing sectors