A person
sales turnover rs:50 lacs net profit rs:4,50,000/- year:20-21
sales turnover rs:55 lacs net profit rs:4,80,000/- year:21-22
sales turnover rs:58 lacs net profit rs:4,90,000/- year:22-23 declared it returns
question:
A person business loans from bank how much amount available.
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Business loan from bank how much amount
Replies (3)
Quick Summary
Depending upon CIBlL credit score Tenure of loan period etc. around 15-16 lakhs.
Dpr, cibil, and other parameters are there.
The amount of a business loan from a bank varies depending on several factors, including the bank's policies, the borrower's creditworthiness, business plan, and financial statements. For instance, Kotak Mahindra Bank offers business loans ranging from ₹3 lakhs to ₹75 lakhs. The specific loan amount approved depends on the business's financial health, repayment capacity, and other eligibility criteria. Additionally, Kotak Mahindra Bank provides flexible repayment options and competitive interest rates, making it a viable choice for small and medium-sized enterprises seeking financial support for expansion, working capital, or other business needs.
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