Secure a hassle-free loan to manage assets and expand your business with ease.
Before applying for a business loan, ensure you are well-prepared. Create a detailed business plan, check your credit score, decide on the loan amount you need, research available loan options in the market, and keep all necessary documents ready.
Proof of address and valid photo identity of the promoters
Business proof and income proof
Partnership deed (for partnership firms)
Articles of Association & Memorandum of Association (for companies)
Board resolution (if applicable)
PAN card and other statutory documents
Applicant’s age must be between 21 to 65 years
Business vintage of at least 1–2 years
Minimum business turnover as specified by the lender
Minimum annual turnover as per Income Tax Returns (ITR)
The business should be profit-making for at least the past 1 year
Term Loans
Working Capital Loans
Business Expansion Loans
Equipment Financing Loans
Invoice Financing & Bill Discounting
Machinery Loans
Business Type: Most lenders provide loans to various types of businesses, including sole proprietorships, partnerships, limited liability companies (LLCs), corporations, and more.
Credit Score: A good credit score is often required to qualify for a business loan. Lenders use your credit history to assess your ability to repay the loan.
Business Age: Some lenders require a minimum operational history for your business, usually ranging from a few months to a year or more.
Annual Revenue: Lenders may have a minimum annual revenue requirement to ensure your business has a stable income.
Collateral: Secured loans might require assets as collateral to secure the loan. Collateral can be real estate, equipment, inventory, or other valuable assets.
Cash Flow: Lenders often evaluate your business’s cash flow to determine your ability to repay the loan.
Age Criteria: Min. 21 years at the time of loan application & Max. 65 years at the time of loan maturity.
Eligible Entities: Individuals, MSMEs, Sole Proprietorships, Partnership Firms, Public and Private Limited Companies, Limited Liability Partnerships, retailers, traders, manufacturers, and other non-farm income-generating business entities engaged only in the services, trading, and manufacturing sectors
Business Vintage : Min. 1 year or above
Business experience: Min. 1 year, business location to remain same
Annual Turnover: Shall be defined by the Bank/NBFC
Credit Score: 700 or above (Preferred by most private and public sector banks)
Nationality: Indian citizens
Additional Criteria: Applicants must own either a residence, office, shop, or Godown.
Nidhi Finserv is committed to empowering individuals and businesses with smart financial solutions. From personal loans to investment guidance, we focus on building trust, transparency, and growth for our clients.