Business Loan Eligibility Calculator

Check how much business loan you qualify for based on your business revenue, credit score, and other financial parameters

Business Details

Manufacturing
Services
Trading
Startup
₹50,00,000
5 Years
750
Poor (300-629) Good (630-689) Very Good (690-719) Excellent (720+)
20%

Eligibility Results

EMI Breakdown

Tips to Improve Business Loan Eligibility

Maintain Healthy Financials

Keep your profit margins above 15% and show consistent revenue growth for better loan terms.

Improve Credit Score

A credit score above 750 can reduce your interest rate by 1-2% and increase loan amount.

Reduce Existing Debt

Lower your debt-to-income ratio by paying off existing loans to qualify for higher amounts.

Business Loan Eligibility Calculator: How Much Can You Borrow?

Our Business Loan Eligibility Calculator helps entrepreneurs, SMEs, MSMEs, and startups determine how much business loan they can qualify for from banks and financial institutions. This advanced calculator considers multiple factors including annual revenue, business age, credit score, profit margins, and existing liabilities to provide an accurate estimate of your loan eligibility.

Key Factors Affecting Business Loan Eligibility

  • Annual Business Revenue: Higher revenue typically leads to higher loan eligibility
  • Business Age: Established businesses (3+ years) get better terms than startups
  • Credit Score: 750+ score improves chances and reduces interest rates
  • Profit Margins: Consistent profitability increases loan amount eligibility
  • Business Type: Manufacturing and trading businesses often get higher limits
  • Existing Debt: Lower existing loans improve debt-to-income ratio

How Business Loan Eligibility is Calculated

Banks and financial institutions use complex algorithms to determine business loan eligibility. Our calculator simulates these calculations using industry-standard formulas:

  1. Revenue Multiple Method: Loan amount = Annual Revenue × Industry Multiplier (0.25 to 2.0 based on business type)
  2. Debt Service Coverage Ratio (DSCR): DSCR = Net Operating Income / Total Debt Service (Minimum 1.25 required)
  3. Credit Score Adjustment: Interest rate and loan amount adjusted based on credit score tier
  4. Business Age Factor: Older businesses get higher multiples and better terms
  5. Profit Margin Adjustment: Higher margins increase eligibility and reduce interest rates

Types of Business Loans Covered

Our eligibility calculator covers various types of business loans including:

Interest Rates for Business Loans

Business loan interest rates vary based on multiple factors:

Documents Required for Business Loan Application

  • Business registration certificates (GST, MSME, Shop Act, etc.)
  • Financial statements for last 2-3 years (Profit & Loss, Balance Sheet)
  • Bank statements for last 6-12 months
  • Income tax returns (Business and personal)
  • KYC documents of promoters/directors
  • Business plan for startups or expansion loans

FAQs About Business Loan Eligibility

Q: What is the minimum business loan amount I can get?
A: Most banks offer business loans starting from ₹50,000 to ₹1 lakh for micro enterprises, while larger businesses can get crores.

Q: Can startups get business loans without collateral?
A: Yes, many banks and NBFCs offer unsecured business loans to startups based on business plan, promoter background, and projected cash flows.

Q: How can I improve my business loan eligibility?
A: Maintain good credit score, show consistent revenue growth, keep proper financial records, reduce existing debt, and maintain healthy bank balances.

Q: What is the maximum business loan tenure?
A: Business loans typically have tenure from 1 to 10 years, with equipment loans going up to 15 years in some cases.

Q: How long does business loan approval take?
A: For pre-approved customers: 24-48 hours. For new applications: 7-15 working days depending on documentation.

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