You will be required to meet the following eligibility criteria if you are a self employed and want to take a loan from bank for your business purposes:
| Parameter | Eligiblity requirements |
|---|---|
| Eligibile Entities | one-man shop gurus such as for instance health practitioners, Chartered Accountants, CS, Architects yet others |
| Eligible Age | Within chronilogical age of 21 to 65 years |
| Income Tax Returns (ITR) | debtor must have filed ITRs for no less than two to three ages |
| Gross Annual Receipts | Gross Annual Revenue ( Income) of this debtor ought to be significantly more than в‚№ 5 Lakh or maybe more |
| Work Enjoy | need to have been run the training for longer than 3 years |
| Banking Stability | six months bank statements checked for normal bank stability, amount of transactions and cheque bounces |
| CIBIL get | 650 or above |
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