Eligibility typically depends on the borrower’s business vintage, turnover, credit history, financial stability, and repayment capacity. Detailed checks may vary as per the lending partner.

With CredNow’s digitized process, loan applications can be evaluated and approved in as little as 7–10 working days, but this may take longer, depending on documentation and compliance checks.

• Commonly required documents include:
• Business registration certificate
• KYC documents of promoters/directors
• Financial statements (P&L, Balance Sheet)
• Bank statements
• Tax returns
• Additional documents may be requested based on loan size and profile.

Yes, business loans can be used for a variety of purposes such as working capital, expansion, equipment purchase, inventory, or refinancing existing debt.