Question 1

I’m self-employed (CA/Doctor). Can I apply for a business loan?

Accepted Answer

Absolutely! Self-employed professionals with 2+ years of practice and consistent ITR filings are welcome. We assess your income stability and professional practice growth. CIBIL score and banking history matter more than business type for professionals.

Question 2

What if my business is less than 2 years old?

Accepted Answer

We typically require 2 years of business history because it shows sustainability. Contact us to discuss your specific situation.

Question 3

Does my business need to be registered under GST to apply?

Accepted Answer

GST registration is not mandatory if your turnover is below ₹20 lakh. However, if you’re turnover-eligible, maintaining GST compliance strengthens your application and can qualify you for better rates.

Question 4

Can I apply if I have an existing loan or EMI?

Accepted Answer

Yes, you can apply even with existing loans. We assess your repayment capacity by looking at your monthly income vs. total EMI obligations (existing + new loan proposed). Your overall monthly debt should not be more than 100% of monthly income.

Question 5

What if I have a CIBIL score below 675?

Accepted Answer

A lower CIBIL score doesn’t automatically disqualify you. We review your complete profile; business growth, recent payment behavior, banking history, and reasons for past defaults (if any). Contact us for a personalized assessment

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