Frequently Asked Questions

To qualify for our Business Loan, you must have a minimum of two years of business experience and an annual revenue of ₹6 Lakh.

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.

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