Business Loan Eligibility Checker
Lenders do not run one test. They run four, and a business that fails the strictest often passes two of the others comfortably. This shows which programmes your profile fits, the indicative amount under each, and exactly where you fall short on the ones you do not.
Your business
Nothing is sent anywhere and no credit check is run. This works out which lender programmes your profile fits.
You fit 3 of 4 lender programmes. The best of them would stretch to Rs.16.3 L, and your profit services it comfortably.
Programme by programme
Assessed on filed ITR and audited financials. Lowest rate, slowest process, strictest documentation.
Business vintage is 30 months against a minimum of 36. You need 6 more months.
You have 1 year of filed ITR against a minimum of 2.
Lender pulls twelve months of GSTR-3B. Filing consistency is read as a proxy for discipline, so a single late filing is visible.
Assessed on twelve months of bank statements. Average balance and credit turnover matter more than declared profit.
CGTMSE-backed and scheme routes. Available at lower vintage, with a guarantee fee on top of the interest rate.
Can you service it?
Your profit currently covers existing debt 3.33 times over. Lenders want at least 1.25 after the new loan is added.
That leaves roughly Rs.75,000 a month of headroom, which supports about Rs.20.7 L over three years at prevailing NBFC rates.
KarobarUdhar Insider Tip
Failing one programme does not mean failing all of them. A business with eighteen months of vintage and no filed ITR is invisible to a bank term loan desk and perfectly acceptable to a GST or banking surrogate programme. The most common mistake is applying to the strictest lender first, collecting a decline, and then applying elsewhere with a fresh enquiry already sitting on the file. Apply where you already fit.
KarobarUdhar Insider Tip
Asking for less improves your odds more than any document you can add. The servicing check above is applied after the surrogate test, and a file that passes eligibility but fails servicing is declined just as firmly. Owners routinely apply for the maximum a programme allows, get declined on servicing, then reapply elsewhere at the same amount. A smaller sanction today builds the repayment record that makes the larger one straightforward next year.
Indicative only. Thresholds and multiples follow common market practice and are not published lender criteria. Individual lenders set their own vintage, turnover and documentation requirements, and a final sanction depends on your credit record, promoter profile, industry and the lender's own policy. Nothing entered here is transmitted or stored.
The four programmes, and why the order you apply in matters
A bank term loan desk assesses filed returns and audited financials. It offers the lowest rate and takes the longest. A GST programme reads twelve months of GSTR-3B, reading filing consistency as a proxy for discipline, which means one late filing is visible. A banking surrogate reads twelve months of statements and weighs average balance and credit turnover above declared profit. Scheme backed routes accept lower vintage in exchange for a guarantee fee on top of the interest.
The costly mistake is applying to the strictest lender first because it advertises the lowest rate, collecting a decline, and then approaching a programme you actually fit with a fresh enquiry already recorded against you. Apply where you already qualify.
The second thing this tool does is check servicing separately from eligibility. Passing the surrogate test gets your file read. Failing the servicing test gets it declined anyway, and that failure is invisible to most owners because it is computed from profit rather than turnover.
How to use it
- Enter vintage from your registration or first GST filing. Whichever is earlier, then note which you used, because lenders differ on this and it can change the answer by two years.
- Use bank credits, not sales. Average monthly credits into the business account. The banking surrogate programme reads this figure, not your declared turnover.
- Be honest about existing EMIs. Every business loan, equipment EMI and converted card balance counts. The lender will see them on your credit report whether or not you declare them.
- Read the gaps, not just the answer. Where a programme fails, the specific shortfall is named. Most are a matter of months rather than a permanent bar.
Common questions
What is a surrogate programme?
A method a lender uses to assess income when audited financials are not available or not the best evidence. The four common ones are turnover or ITR based, GST based, banking based, and scheme backed. Each has its own vintage, turnover and documentation thresholds, which is why a business rejected by one is frequently accepted by another.
Why was my application rejected when my turnover is good?
Turnover establishes eligibility. Servicing capacity decides the amount. A lender computes how much of your profit is already committed to existing debt and caps the new loan against what remains. A business with strong turnover and heavy existing EMIs will be declined despite the turnover, and the fix is to ask for less rather than to apply elsewhere.
How much business vintage do lenders want?
It varies by programme. Bank term loans typically look for three years and two years of filed ITR. GST and banking surrogate programmes commonly work from twelve months. Scheme backed and collateral free routes can go lower. Note also that vintage is measured from registration date at some lenders and from first GST filing at others, and the difference can be two years.
Does checking eligibility here affect my credit record?
No. Nothing entered here is transmitted, stored or submitted anywhere, and no credit bureau enquiry is generated. Only a formal application to a lender creates a hard enquiry on your record.
What is DSCR and why does it decide the amount?
Debt service coverage ratio is your profit plus non cash charges, divided by total annual debt repayment. Lenders generally want 1.25 or better after the new loan is included, and below about 1.1 a decline is near certain. It is the single most common reason an otherwise eligible file is cut back or refused.