Frequently Asked Questions

Obtaining a competitive business loan interest rate in India is not an easy effort, but it can be simplified if a person meets the eligibility requirements for a business loan. The criteria are listed below:

• Age must be between 24 and 65 (during loan application)
• The applicant must have a running business of at least two years
• Businesses must have a minimum yearly turnover of ₹6 lakh Have a great credit score

No. Mangalam Industrial Finance Limited charges 0% for foreclosure or prepayment if paid with own funds.