Business Loan Eligibility Calculator
Business loan eligibility is assessed on the enterprise's ability to service the instalment from operating cash flow, alongside the promoter's own credit profile. Enter monthly business surplus rather than turnover - lenders lend against what the business actually earns, not what it bills.
Indicative loan amount
₹70.91 Lakh
An estimate from income and obligations only, not an offer
Lenders cap total EMIs at a share of gross income. This calculator applies 55% for your income band. The lender's own assessment also weighs credit score, employment and the property.
Year-by-year repayment schedule
How each year splits between interest and principal. Early years are mostly interest, which is why prepaying early saves so much more than prepaying late.
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | ₹10,53,108 | ₹9,26,892 | ₹60,38,100 |
| 2 | ₹12,10,381 | ₹7,69,619 | ₹48,27,719 |
| 3 | ₹13,91,142 | ₹5,88,858 | ₹34,36,578 |
| 4 | ₹15,98,898 | ₹3,81,102 | ₹18,37,680 |
| 5 | ₹18,37,680 | ₹1,42,320 | ₹0 |
This calculator returns arithmetic on the figures you enter. It is not an offer, does not check your eligibility, and cannot predict the rate a lender will sanction. Loans Got Easy is an authorised Direct Selling Agent - we do not sanction, approve or disburse loans.
Debt service coverage is the core test
Lenders typically want operating profit at roughly 1.25 to 1.5 times the proposed annual repayment, so there is genuine headroom rather than a business that only just covers its obligations. Turnover on its own carries surprisingly little weight - a high-turnover, thin-margin trading business may support less borrowing than a smaller enterprise with better margins and cleaner banking.
Filed financials and banking conduct
Two to three years of ITRs with computation, GST returns consistent with those ITRs, and twelve months of bank statements are the standard file. Lenders look closely at whether the account routinely runs to zero, whether there are returned cheques, and whether the GST turnover reconciles with what is banked. Inconsistency between GST and ITR figures is one of the most common causes of decline, and one of the most avoidable.
The promoter's personal credit matters
For most small and medium business lending, the promoter's own credit report is assessed alongside the entity's. A personal default or a heavily utilised set of credit cards affects the business application directly, and a personal guarantee is usually required regardless of the entity structure. The two credit profiles are not separable in practice.
Vintage and continuity
Most lenders require two to three years of business continuity, evidenced by registration, filings and banking. Genuinely new businesses fall outside conventional term lending and are better served by Mudra, CGTMSE-backed lending where available, or borrowing against the promoter's own assets or salaried income.
Rates sourced from partner lender published rate schedules, last verified August 2026. Figures produced by this calculator are indicative and depend entirely on the inputs you provide. The rate you are offered is set by the lender based on your credit profile, income, employer, loan amount and tenure.
Frequently Asked Questions
Many lenders set a floor around 10 to 40 lakh annual turnover for unsecured business lending, but the binding test is usually profitability and debt service coverage rather than turnover itself. A profitable business with modest turnover and clean banking often qualifies where a larger but thin-margin one does not.
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Rates last verified August 2026. Loans Got Easy is a loan advisory and Direct Selling Agent. We do not sanction, approve or disburse loans - the lender does, based on its own credit assessment.