Introduction
If you’re planning to apply for a business loan in Tamil Nadu, the first step is checking your eligibility. Banks, NBFCs, and private financiers all have basic requirements that business owners must meet. To save you time, we’ve created a complete business loan eligibility checklist tailored for MSMEs in Tamil Nadu.
Who Is This Guide For?
This checklist is for:
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MSMEs looking for funding
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Retail, manufacturing, and service-based businesses
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Business owners in Chennai, Coimbatore, Madurai, Salem, and across Tamil Nadu
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Entrepreneurs applying for collateral-free business loans
Business Loan Eligibility Checklist (2024)
1. Business Must Be Active
Your business must be running for at least 6–12 months with consistent revenue.
2. Monthly Turnover of ₹15 Lakhs or More
This is the minimum turnover requirement at Tamil Nadu Business Finance for unsecured loans. Some lenders may accept slightly lower turnover based on profile.
3. Valid Registration
You must have:
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GST certificate or
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UDYAM MSME registration
4. Bank Statement for the Last 6–12 Months
To prove cash flow, your bank statements should show:
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Regular transactions
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Healthy inflow and outflow
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No major bounced cheques or overdrafts
5. Business Located in Tamil Nadu
We specialize in loans for businesses within Tamil Nadu only — from metro cities to tier-2 towns.
Documents You’ll Need
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PAN & Aadhaar of business owner
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Udyam/GST registration
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Bank statements
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Business address proof
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Rent agreement or EB bill (if applicable)
Additional Tips for Approval
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Maintain clear transaction history
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Avoid cheque bounces
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File GST or ITR regularly
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Keep all KYC documents updated
How to Apply if You’re Eligible
If you meet the checklist above, you can apply for a loan from ₹5 Lakhs to ₹5 Crores — no gold or property needed.
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🌐 Apply on www.tnbsnsfinance.com
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💬 WhatsApp: Click to connect instantly
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📞 Call: +91 95136 77677
Why Choose Tamil Nadu Business Finance?
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✔️ Collateral-Free Loans
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✔️ 24-Hour Disbursal
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✔️ Minimal Documents
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✔️ 100% Tamil Nadu-Based Service
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✔️ Trusted by 5,000+ MSMEs
Final Words
Checking your business loan eligibility in advance saves you time and increases your approval chances. If your business meets the above criteria, you’re just one step away from the funds you need to grow.
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