What is the maximum amount for a personal loan?

It varies from bank to bank. It also depends on the following factors:

  • Your credit score
  • Your income
  • Whether you have a bank account or not
How do I apply for a personal loan?

If you are looking for a personal loan, you can apply as follows:

  • By visiting the bank branch directly
  • By contacting and meeting the bank's sales representative
  • Apply online on the bank's website
What is a business loan?

A business loan is an unsecured loan offered by almost all banks, non-banking finance companies (NBFCs), etc. without any collateral, guarantor or assumption of any property. Its tenure ranges from 1 year to 3 years.

What are the qualifications for a business loan?

Eligibility for business loan depends on the following factors :

  • Repayment capacity
  • Credit score of the loan applicant / co-applicant
  • Your income is the financial position of the borrower for the last 2 years
  • Information such as loan service coverage ratio, whether the borrower can offer EMI service for the existing loan or not.
Can I apply for a business loan if my credit score is not good?

Yes, you can apply for a business loan even if your credit score is not good. In such a case, you need to assure the bank that you will be able to repay the loan.

Please Visit The Nearest Branch For The Best Offers