VADODARA Unsecured Business Loans & Term Finance — REXERA
NEWS
Unsecured Business Loans Disbursed in 5 to 7 Days for Verified Businesses • Banking & GST Turnover-Based Underwriting Active

Eligibility Criteria

  • Business Vintage: Minimum 2 years of active continuous operations.
  • Annual Turnover: ₹40 Lakhs or higher verified via GST returns.
  • Credit Score: CIBIL score of 700+ for promoters/directors.
  • Entity Types: Pvt Ltd, LLP, Partnership, or Proprietorship.

Document Checklist

  • Financials: Last 2-3 years Audited ITR with Balance Sheet & P&L.
  • Banking: Latest 12 months primary current account bank statements.
  • Tax Returns: Last 12 months GSTR-3B filed returns.
  • KYC: PAN, Aadhaar of directors, and Certificate of Incorporation.
UNDERWRITING INSIGHTS

Factors Influencing Loan Approval & Rates

Banking ABB (Average Bank Balance)

Healthy monthly credit summations and low cheque return frequencies indicate strong operational cash flow.

DSCR (Debt Service Coverage Ratio)

Lenders look for a DSCR of 1.35x or higher, ensuring net operating income comfortably services existing and proposed debt.

Bureau Credit History

Flawless repayment records on previous credit cards, vehicle loans, and commercial facilities unlock the lowest interest rates.

CHECK ELIGIBILITY Call WhatsApp
Check Eligibility 60s Report