HDFC Bank Logo
[contact-form-7 id=”3082″ title=”Business Loan Eligibility InterestRate EMICalculator Form”]
4.5 /5(500 Votes)

Edelweiss Finance Business Loan Eligibility

Edelweiss Finance Business Loan Eligibility Calculator is one of the most useful financial tools. Edelweiss Finance Business Loan Eligibility Calculator will help you to calculate your Edelweiss Finance Business Loan Eligibility before you apply for Edelweiss Finance Business Loan. To use Edelweiss Finance Business Loan Eligibility Calculator you need to put some key information like if you have any ongoing EMI, what is your business turn over, what your CIBIL score is etc. The Edelweiss Finance Business Loan Eligibility Calculator is completely free, so you can use it any time and any where online. To make your Edelweiss Finance Business Loan Eligibility higher you need to have high CIBIL Score.

Factors which affects Edelweiss Finance Business Loan Eligibility Calculator

Edelweiss Finance Business Loan is an unsecured loan, so you don’t have to mortgage anything, so if you fail to pay your Edelweiss Finance Business Loan amount the lender can’t ask for you anything. So the Edelweiss Finance Business Loan Eligibility is high compared to home loan or car loan. Your Edelweiss Finance Business Loan Eligibility based on your inputs it will change if your inputs are wrong. Here are the factors which affects Edelweiss Finance Business Loan Eligibility Calculator.

  • Applicant’s Age

    The applicant’s age is also important on Edelweiss Finance Business Loan Eligibility. To avail a Edelweiss Finance Business Loan you need to be in the age group from 21 to 65 years old. The younger you are there are more chance that your Edelweiss Finance Business Loan Eligibility is high and you will get a loan in lowest interest rate. You will even avail offers as you are younger.

  • CIBIL Score

    Your CIBIL Score matters a lot on your Edelweiss Finance Business Loan Eligibility. If you have high CIBIL Score that means your Edelweiss Finance Business Loan Eligibility is high and if you have low CIBIL Score your Edelweiss Finance Business Loan Eligibility is low. Your CIBIL Score depends on how you pay your Business Loan. To make your CIBIL Score high you need to repay your Business loan on time.

  • Debt

    If you have existing debts which means if you are currently paying any kind of EMI for Credit card, home loan or Business Loan your Edelweiss Finance Business Loan Eligibility will be lower but if you don’t have any kind of debts your Edelweiss Finance Business Loan Eligibility will be high.

  • Geographic Location

    Geographical locations matters a lot on your Edelweiss Finance Business Loan Eligibility as if you are from metro city you have higher Edelweiss Finance Business Loan Eligibility is higher than someone from rural areas. Some financial institutions have red marked on some places so if you are from one of those places your Edelweiss Finance Business Loan Eligibility can be lower.

  • Housing Situation

    If you have your own house there are maximum chances that your Edelweiss Finance Business Loan Eligibility is high and your business loan will be approved but if you are living in a rental house your Edelweiss Finance Business Loan Eligibility is low as your monthly income gets lower for that.

  • Business Stability

    If you need to take a Edelweiss Finance Business Loan your Edelweiss Finance Business Loan Eligibility should be higher and for that you should have higher Edelweiss Finance Business Loan Eligibility. Your financial institution will ask you if your income from business is stable or not and if the profit of your business is marginal your Edelweiss Finance Business Loan Eligibility will be lower and that financial institution may ask you for collateral to approve your Edelweiss Finance Business Loan.

  • ITR & Banking

    Edelweiss Finance Business Loan sanctioned your business loan amount only after checking your income tax return and bank statements. To match Edelweiss Finance Business Loan Eligibility Criteria you need to submit your ITR details of 24 months and they also require the bank statements of last six months.

Edelweiss Finance Business Loan Eligibility Criteria

Parameters Edelweiss Finance Business Loan Eligibility Criteria
Eligible Entities Self employed non professionals – Sole proprietors, partnership firms, private limited companies, public limited companies involved in the business of manufacturing, trading and services Self employed professionals – Doctors, CA, CS, Architects.
Age 25 – 65 years
Loan Amount Rs. 3.5 lacs to 25 crore
Interest Rate 18%*
Loan Tenure 12 to 60 months
Business Vintage For self employed professional – 3 years For self employed businessmen – 5 years
Annual Turnover Rs. 1 Cr and above
Banking Stability 6 months and above
CIBIL Score 750 or above
Other Eligibility Conditions Borrower should have a self owned house or work place

FAQ’s

The minimum CIBIL Score for a Edelweiss Finance Business Loan Eligibility is 750.
The minimum and maximum period to repay an Edelweiss Finance Business Loan is 12 months to 60 months.
The minimum age for the Edelweiss Finance Business Loan Eligibility is 25.
The lowest interest rate for Edelweiss Finance Business Loan is 18.00%*
The annual turnover for Edelweiss Finance Business Loan Eligibility is Rs. 1 cr. minimum.
*Interest rate and Loan approval are subjected to bank discretion and approval.