Business loan rs:20 lacs from bank

This discussion outlines the requirements for obtaining a Rs 20 lakh business loan from a bank. Lenders typically require the last three years of Income Tax Returns (ITR), including Profit & Loss accounts and Balance Sheets. A sales turnover of approximately Rs 45-50 lakhs with a 15% profit margin is generally considered favourable. Additionally, an audited balance sheet and a good CIBIL rating are essential for eligibility.