Startup Loan Eligibility
Starting your own business is an exciting journey — and at Rohini Financial Services, we’re here to make financing it simple. Before applying for a Startup Loan, it’s important to understand the eligibility requirements to ensure a smooth approval process. Whether you’re a new entrepreneur, small business owner, or innovator, our startup loans are designed to support your growth from the ground up.
✅ Who Can Apply for a Startup Loan?
The Startup Loan is ideal for:
- Entrepreneurs launching a new business or venture
- Self-employed professionals planning to start their own enterprise
- Small and medium business owners (MSMEs/SMEs)
- Startups registered under the Startup India initiative
- Individuals with innovative business ideas and a solid business plan
📋 Basic Eligibility Criteria
1. Applicant Type
Individuals, proprietors, partnerships, LLPs, or private limited companies can apply.
Both new and early-stage businesses are eligible.
2. Age Criteria
Minimum age: 21 years
Maximum age: 65 years at loan maturity
3. Business Plan
A well-structured and viable business plan is essential for approval.
The plan should outline business goals, revenue model, and projected financials.
4. Credit Score
A minimum CIBIL score of 650–700 is preferred.
For new entrepreneurs without prior credit history, alternative assessments may apply.
5. Business Registration
The business should be registered or in the process of registration under government guidelines (MSME, Startup India, GST, etc.).
6. Repayment Capacity
The applicant should demonstrate repayment ability through projected cash flows or income sources.
7. Collateral (if required)
Many startup loans are collateral-free, but secured options may be offered for larger loan amounts.