InvestorQ : Q: What is the minimum and maximum loan limit offered for a business loan?
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Q: What is the minimum and maximum loan limit offered for a business loan?

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simran Kaur answered.
3 years ago
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In usual situation, the minimum loan amount offered in a business loan is Rs. 1,00,000. The maximum limit of this can be as high as Rs.40,00,000.

If a borrower wants to borrow an even higher amount, he/she can discuss the same with a representative of the banker/NBFC or the manager servicing the loan request. Up on requesting, the bank/NBFC may have in-depth discussion with the borrower and then use its discretion to decide on whether to give a higher loan or not.

You can build a compelling case for yourself by paying your installments on time. Once the lender sees you as a safe and disciplined borrower, it is more likely to work in your favour.

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