Business Loan – Eligibility Calculator

Your gross profit and repayment capacity play an important role in determining whether you are eligible for a business loan. The Business Loan Eligibility calculator helps you to understand your business loan eligibility depending on your gross profit and repayment capacity. There are several other factors that determine your business loan eligibility like your credit history, credit score, other financial liabilities etc.

How to use FundsTiger's Business Loan Eligibility Calculator?

• Gross Profit (Monthly) in ₹ : Input gross profit. (divide your annual gross profit by 12)
• Loan Tenure (in Months): Input the desired loan term for which you wish to avail the loan. A longer tenure helps in enhancing the eligibility
• Interest Rate (% p.a.): Input prevailing loan Interest Rate.
• Other EMIs (Monthly): Input total of the EMIs of all other existing loans you may have

Business Loan Eligibility is calculated based on various factors like

Loan Eligibility or loan repayment capacity is primarily dependent on the gross profit and existing loan EMIs of individual(s). There are many other factors that determine the eligibility of loans such as age, financial position, other income, credit history, credit score, other financial obligations and loans.

How to increase Business Loan eligibility?

The eligibility for business loan can be enhanced by

• Take Loan Against Property or any other Asset based Secured Loan
• Taking actions to rectify errors (if any) in your Credit/CIBIL Score.
• Regular repayment of EMIs of existing loans.

FundsTiger Business Loan Eligibility Calculator facilitates checking eligibility for business loans online. The calculations are estimates, provided only as general help. Actual Results depends on various parameters. We don’t guarantee their accuracy or applicability to your situations.