Posted on 11 October 2026
I run a wholesale trading firm registered as a proprietorship with annual GST turnover of ₹75 Lakhs. What criteria do NBFCs and fintech lenders evaluate for unsecured business financing?
Portal Admin & Advisory
For a 2-year-old proprietorship with ₹75L turnover, fintech lenders and NBFCs evaluate your cash-flow health rather than physical collateral. Essential Requirements: 1. Banking Health (Last 12 Months Net Banking / Account Aggregator): - Minimum average monthly balance (AMB). - Low cheque / ECS bounce count (< 2 outward bounces in 12 months). - Consistent UPI / NEFT turnover credits. 2. Business Proof: - GST registration certificate and past 12 months GSTR-3B filings. - Shop & Establishment Act license or MSME / Udyam registration certificate. 3. Income Tax & Financials: - Last 2 years ITR-4 or ITR-3 with computation of income and balance sheet. 4. Personal CIBIL of Proprietor: - Must be 680+ with no current 30+ DPD defaults. Turnaround time with fintech lenders on LoanMe is typically 48 to 72 hours upon automated GST and bank statement verification.
