Eligibility & Documents

Loan Eligibility Criteria

Before applying for a business or project loan through Loanreq.com, please ensure you meet the basic eligibility parameters set by our lending partners. These help assess your creditworthiness and business stability.

• Business Type: Proprietorship, Partnership, LLP, Private Limited, or Public Limited companies.
• Minimum Business Vintage: 1 to 3 years (depending on loan type and amount).
• Turnover: Minimum annual turnover of ₹10 lakh and above for most business loan categories.
• CIBIL Score: 650+ preferred; however, alternate NBFC options are available for lower scores.
• Age Criteria: 21 to 65 years (applicant/owners at loan maturity).
• Profitability: Business should demonstrate consistent revenue or project viability.
• Project Loans: Applicants must present a clear project plan, land documents (if applicable), and execution feasibility.

Documents Required

To process your loan application efficiently, please provide the following documents as applicable to your loan category:

1. Basic KYC Documents

• PAN Card and Aadhaar Card of Applicant / Directors / Partners
• Passport-size Photographs
• Proof of Business Address (Utility Bill / Rent Agreement / Ownership Document)

2. Business Proof

• Certificate of Incorporation / Partnership Deed / Udyam Registration
• GST Registration Certificate
• Business Profile or Company Brochure (optional but recommended)

3. Financial Documents

• Audited Financial Statements (last 2 years)
• Latest 12 months Bank Statements
• ITR (Income Tax Returns) for last 2 assessment years
• Provisional Financials (for current year, if available)

4. For Project Loans

• Detailed Project Report (DPR) with cost estimation and timelines
• Land ownership / lease documents (if applicable)
• Project approvals / licenses / NOCs
• Estimated cash flow and repayment plan

5. Additional Documents (if required by lender)

• Existing Loan Sanction Letters
• Collateral / Security Documents (for secured loans)
• Company Board Resolution (for Private Limited Companies)

Note: Loanreq.com reserves the right to reject any application with false or incomplete documentation, discrepancies, or fraudulent activity.

Need Assistance?

Not sure which documents apply to your loan type? Our team will guide you step-by-step to ensure your application is complete and ready for faster approval.

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