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Ready to scale? Find out your business loan limit!

Business operating duration

Years
< 3 yrs > 7 yrs

Average monthly balance

₹
50K 15L

Disclaimer: The information provided is not guaranteed to be accurate or complete and is indicative and tentative in nature.

You are eligible for a total loan amount of

₹5,537

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Not happy with eligibility?

You can also check your eligibility based on your business financials and GST data

Check options

Disclaimer: The information provided is not guaranteed to be accurate or complete and is indicative and tentative in nature.

Annual Turnover

₹
₹50L ₹30Cr

Net Profit

₹
₹1L ₹75L

Depreciation

₹
₹0 ₹30L

Existing Loan Obligations

₹
₹0 ₹10L

Industry

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Disclaimer: The information provided is not guaranteed to be accurate or complete and is indicative and tentative in nature.

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Business Loan Eligibility Calculator

Before you apply for a business loan, it is important to understand how much funding your business can realistically qualify for.

A business loan eligibility calculator is a simple online tool that helps you estimate your eligibility based on key business and financial factors. It analyses parameters such as business turnover, business history, financial stability, and existing obligations to provide a quick estimate of your eligibility.

With the IDFC FIRST Bank business loan eligibility checker, you can access instant, reliable results, helping you make informed financial decisions with confidence.

Read more

Understanding Business Loan Eligibility

How is business loan eligibility calculated?

Business loan eligibility is calculated using factors such as turnover, business vintage, credit profile, existing liabilities, banking behaviour, and overall financial stability to assess repayment capacity.

What is banking behaviour?

Banking behaviour refers to your account activity, including transactions, balances, and repayment patterns. It reflects financial discipline and may influence loan eligibility decisions.

Why check your eligibility before applying?

Checking your eligibility in advance helps you understand your borrowing capacity, plan your funding requirements effectively, and apply with greater confidence.

IDFC FIRST Bank Business Loan

Whether you are expanding operations, managing working capital, investing in equipment, or maintaining inventory, IDFC FIRST Bank Business Loan offers a flexible financing solution:

  • Collateral-free funding from ₹7 lakhs to ₹1 crore
  • Interest rates starting from 12.99% p.a.
  • Repayment tenures of up to 48 months

Using the business loan eligibility calculator beforehand can help you plan your funding requirements efficiently and make the application process smoother.

How the Business Loan Eligibility Calculator Works

The business loan eligibility checker is designed to provide a quick estimate of the loan amount that your business can qualify for on the basis of essential financial inputs.

Input Information

Enter key details such as your business turnover, existing financial obligations, and preferred loan tenure. and banking balance. These inputs help the system understand your repayment capacity.

Eligibility Estimate

The calculator evaluates your inputs against standard lending parameters, including MSME loan criteria (if applicable), to determine the loan amount you may be eligible for.

Instant Results

Within seconds, the tool displays your estimated eligibility, enabling you to understand how much funding you can access without going through a lengthy process.

You can check business loan eligibility quickly by using this tool and plan your borrowing decisions with clarity and confidence.

How to Use the Business Loan
Eligibility Calculator

Using the IDFC FIRST Bank business loan eligibility calculator is simple and efficient.

Follow these steps to get started:

Step 1

Select the duration for which your business has been operational.

Step 2

Choose your monthly average banking balance 

Step 3

Submit the details to instantly view your eligibility

Step 4

If you are satisfied, proceed by clicking on “Apply” to start your loan application

Step 5

If you need higher eligibility, click on “Check other options.”

Step 6

Enter additional details such as your business turnover, financial information, and existing EMI obligations.

Step 7

Submit the information to view your revised eligibility

Step 8

Click “Apply” to proceed with your loan application.

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You can use this business loan eligibility checker multiple times with different inputs to evaluate various scenarios and choose the most suitable loan option for your business needs.

Criteria for Business Loan Eligibility

To qualify for a business loan, your business must meet the following eligibility criteria:

Age

The applicant must be at least 28 years old and not exceed 68 years at the time of loan maturity.

Business Type

Eligible entities include MSMEs and non-individuals such as sole proprietors, partnership firms, limited liability partnerships, and private or public limited companies.

Business History

Your business should have a minimum operational history of 3 years, demonstrating stability and continuity.

Turnover

A minimum annual turnover of ₹1 crore or above is required to meet the bank’s lending criteria.

Financial Health

The business must have a positive net worth and consistent cash profits, indicating the ability to repay the loan.

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Before applying for a business loan, you must ensure. If you meet these conditions, you can proceed to check business loan eligibility and apply for funding with confidence.

Factors That Affect Business Loan Eligibility

Your business profile and financial discipline play a key role in loan approval. 

Business Turnover

Higher and consistent turnover indicates strong revenue generation, which enhances your eligibility and increases the potential loan amount you can secure. 

Existing Liabilities

Lower outstanding debts improve your repayment capacity and reflect better financial management, positively impacting eligibility. 

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Financial Stability

A positive net worth and steady cash profits signal financial strength and reduce the perceived lending risk.

Business Vintage

A business with a longer operational history demonstrates stability and reliability, making it more favourable in the lender’s evaluation. 

Banking Behaviour

Regular transactions, healthy account balances, and disciplined banking patterns can help you qualify for higher loan amounts, including quick eligibility up to ₹50 lakhs.

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Experience Superior Features with IDFC FIRST Bank Business Loan

IDFC FIRST Bank Business Loans are designed to offer flexibility, convenience, and scalability to meet diverse business needs.

Here are the key features that make them a reliable financing solution: 

Business Loans from ₹7 Lakhs to ₹1 Crore

Access substantial funding without the need to pledge any collateral. This allows you to raise capital quickly while keeping your business assets free from risk.

Rates Starting at 12.99% p.a.

Benefit from attractive pricing that helps lower the overall cost of borrowing, enabling better financial planning and improved profitability.

Flexible Tenures

Choose a repayment period of up to 48 Months that aligns with your cashflow cycle. Longer tenures help reduce monthly instalments, making repayment more manageable.

Quick Eligibility up to ₹50 Lakhs

Get faster approvals with simplified eligibility assessment on the basis of your existing banking transactions and relationship, reducing the need for extensive documentation.

Term Loan and Dropline Overdraft Facility

Select a structured term loan for fixed requirements or opt for a dropline overdraft to access funds as needed and pay interest only on the utilised amount.

Fast-track Approvals

Enjoy fast-tracked processing and approvals, with minimal documentation for eligible applicants.

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Frequently Asked Questions

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What is a Savings Account?

A Savings Account is a deposit account offered by banks. This account lets you deposit your funds and earn interest. With the IDFC FIRST Bank Savings Account, available in ₹10,000 Average Monthly Balance (AMB) and ₹25,000 AMB variants, you can safely park your funds and enjoy competitive interest rates.

A Savings Account encourages consistent saving due to the interest component, while also offering liquidity and quick access to funds via ATM, online banking and cheques. Though Savings Accounts offer a lower interest rate compared to Fixed Deposits, they provide greater flexibility.

How to open a Savings Account online?

You can open an IDFC FIRST Bank Savings Account via the online mode by visiting the Bank’s official website or mobile app. First, choose between the ₹10,000 Average Monthly Balance (AMB) or ₹25,000 AMB variant as per your needs. Next, fill out your details, submit your Aadhaar number and PAN, and complete the KYC verification. Setting up your Savings Account online with IDFC FIRST Bank is easy and seamless!

What are the different types of Savings Accounts?

IDFC FIRST Bank offers two types of Savings Accounts based on the AMB (Average Monthly Balance) requirements: one requiring ₹10,000 Average Monthly Balance (AMB) and the other requiring ₹25,000 AMB. These account types offer benefits like high interest rates, monthly interest credits, zero-fee banking, and easy access to digital banking features.

Based on the type of applicants, IDFC FIRST Bank also offers the following Savings Accounts: 

• FIRST Power Women’s Savings Account – A savings account specifically designed for women that offers features like complimentary medical benefits through MediBuddy, discount on locker rentals, exclusive offers on Debit Card, monthly interest credits, and higher interest rates.

• Seniors Citizens Savings Account – This account is designed for seniors above the age of 60 years and comes with medical benefits through MediBuddy, ₹2 lakhs coverage against online fraud, 0.5% additional ROI on FD and free doorstep banking.

• Minor’s Savings Account - Designed for minors, this account can be opened jointly with parents or guardians. Also, minors aged between 10 to 18 years can open a FIRST Prodigy Savings Account, a self-operated minor savings account that offers features like monthly interest credits, high daily debit limit of ₹40,000, education cover of ₹5 lakhs, and more.

Can a customer transfer dues to CreditPro Balance Transfer from Multiple Cards?

If you are applying for your first IDFC FIRST Bank unsecured credit card, you will get a credit limit as per our internal policies. If you already have an IDFC FIRST Bank unsecured credit card, your new credit card will also have the same credit limit. The credit limit, however, will be shared across all unsecured credit cards.

What does my credit score need to be?

Yes. You will earn:

  1. 10 reward points for incremental spends above ₹20,000 in a statement cycle and on your birthday.
  2. 5 reward points on spends up to ₹20,000 in a statement cycle.
  3. 3 reward points on Education, Wallet Load, Government, Rent and Property Management/Purchase transactions. 1 reward point on utilities and insurance transactions. Spends in these categories will not be considered for the 10X monthly milestone.
  4. Reward points will not be given on spends converted to EMI, Cash Withdrawal, Fuel, Fee and Charges.
  5. 1 reward point is given for every ₹150 spent in a transaction. Value of 1 reward point is ₹0.25.

Why should you apply for a Credit Card at IDFC FIRST Bank?

Education, Wallet Load, Government, Rent and Property Management/Purchase transactions, Utilities, Insurance, EMI, Cash Withdrawal, Fuel, Fee and Charges. Only those transactions which are settled by the merchant before the statement generation will be considered. If a transaction is settled after the statement is generated, it will not accrue 10X rewards. Rewards for such transactions will be credited after the next statement generation.

What is a Credit Card limit?

The Ashva Credit Card provides the benefit of never-expiring reward points. The reward points remain valid till the credit card remains active.

What should I do when my Credit Card is lost?

The Ashva Credit Card comes loaded with benefits like discounts on 300+ brands, movie tickets, complimentary airport lounge access, etc. The full list of benefits is mentioned above. For brand offers, you can visit the offers website

What are the things you must know before applying for a credit card?

The Ashva Credit Card offers one of the lowest forex markups in the industry at just 1%. Spend seamlessly while travelling abroad as well as on international purchases made from India.

What are the dos and don’ts while using a credit card?

Yes, Ashva Credit Card offers:

  1. 4 complimentary visits per quarter to lounges and spas at airport terminals in India.
  2. 2 complimentary visits per quarter to lounges at foreign airports

The lounge benefit can be availed in the next calendar month on spending ₹20,000 or more in the current calendar month.

Use your credit card to access Indian airport lounges and the Dreamfolks Card to access spas and lounges at Indian and overseas airport terminals.

You can also book airport lounge and spa by clicking here.

I already have a credit card. Can I apply for another one?

You can activate your 1 Lounge/Spa benefit for the next calendar month by spending ₹20,000 or more in the current calendar month.
E.g. Meet spend criteria between 1st to 31st March to activate the benefit in April. To know how to book an airport lounge online, click here.

Can I avail of golf benefits on the Ashva Credit Card?

Yes. You can avail up to 2 rounds/lessons in a month. Each round/lesson is unlocked for every ₹20,000 spent in the previous statement cycle.

Can I use my credit card to withdraw cash at an ATM?

Yes, you can! All ATM cash withdrawals are interest-free for up to 48 days – in India or abroad. Cash withdrawal from ATMs outside India will attract a forex markup fee of 1% (+GST). Please keep in mind, however, that a Cash Advance Fee of ₹199/- + GST is applicable per transaction, irrespective of your location or the withdrawal amount. The maximum cash withdrawal limit per transaction is ₹10,000.

Will I be asked for my Credit Card PIN at every POS terminal, be it domestic or international?

For transactions in India, yes, you will be asked for a PIN for completing the transactions. However, outside India, you will be asked for the PIN only if the POS terminal is enabled for PIN authentication.

What is the annual milestone on the credit card?

On spending ₹8,00,000 or more in a card anniversary year, you will get 7,500 reward points. The reward points will be credited on payment of annual fee for the next year. Transactions on primary, add-on and associated FIRST Digital (UPI) Credit Card will be considered towards the milestone, including EMI transactions. Cash withdrawal, fee charges and EMI amortization will be excluded from the benefit.

When will the reward points be credited?

The reward points will get credited upon statement generation.

What is the movie offer on the Ashva Credit Card?

Using the Ashva Credit Card, you get buy-one-get-one movie offer twice a month via Paytm Movies. You can get a discount of up to ₹400 on the second ticket.

What is the annual milestone on the credit card?

On spending ₹8,00,000 or more in a card anniversary year, you will get 7,500 reward points. The reward points will be credited on payment of annual fee for the next year. Transactions on primary, add-on and associated FIRST Digital (UPI) Credit Card will be considered towards the milestone, including EMI transactions. Cash withdrawal, fee charges and EMI amortization will be excluded from the benefit.

When will the reward points be credited?

The reward points will get credited upon statement generation.

What is the movie offer on the Ashva Credit Card?

Using the Ashva Credit Card, you get buy-one-get-one movie offer twice a month via Paytm Movies. You can get a discount of up to ₹400 on the second ticket.

What is the annual milestone on the credit card?

On spending ₹8,00,000 or more in a card anniversary year, you will get 7,500 reward points. The reward points will be credited on payment of annual fee for the next year. Transactions on primary, add-on and associated FIRST Digital (UPI) Credit Card will be considered towards the milestone, including EMI transactions. Cash withdrawal, fee charges and EMI amortization will be excluded from the benefit.

When will the reward points be credited?

The reward points will get credited upon statement generation.

What is the movie offer on the Ashva Credit Card?

Using the Ashva Credit Card, you get buy-one-get-one movie offer twice a month via Paytm Movies. You can get a discount of up to ₹400 on the second ticket.

What is the annual milestone on the credit card?

On spending ₹8,00,000 or more in a card anniversary year, you will get 7,500 reward points. The reward points will be credited on payment of annual fee for the next year. Transactions on primary, add-on and associated FIRST Digital (UPI) Credit Card will be considered towards the milestone, including EMI transactions. Cash withdrawal, fee charges and EMI amortization will be excluded from the benefit.

When will the reward points be credited?

The reward points will get credited upon statement generation.

What is the movie offer on the Ashva Credit Card?

Using the Ashva Credit Card, you get buy-one-get-one movie offer twice a month via Paytm Movies. You can get a discount of up to ₹400 on the second ticket.

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