Bank Loan For Minimum Turnover


Anonymous
watch_later 3 weeks, 5 days ago

A retail rice goods selling dealer wanted for business loan.

Question:

Dealer how much minimum turnover required for business loan.

  • chatComments
2 Answers

anonymous user watch_later 6 days, 20 hours ago
arrow_drop_up
0
arrow_drop_down

Thanks reply,

A small business person wanted Rs:6 lacs business loan from bank how much sales turnover and net  profit show in I.t. return in f.y .19-20.

  • chatComments

PRADYUT BAG watch_later 6 days, 22 hours ago
arrow_drop_up
0
arrow_drop_down

 Most banks and NBFCs ask for a minimum annual turnover of ₹ 1 Cr to be eligible for business loans without collateral. However, there are a few NBFCs and banks which lend to businesses or self employed with turnover of less than Rs. 10 lakh as well.

  • chatComments
Did Not get Answer?

Join the largest Taxation Q&A platform on internet and ASK YOUR OWN question.

Ask your Question

You need to be logged in to answer.

Ask Question