Eligibility - TNBF(Tamil Nadu Business Finance) | Business Loan Requirements & Process

Complete Eligibility Checklist

Ensure you meet all the following criteria before applying

1️⃣ Monthly Transactions ≥ ₹15 Lakhs

Your business must have consistent monthly transactions of at least ₹15 Lakhs as reflected in your bank statements.

⚡ This is NON-NEGOTIABLE and the primary eligibility criterion

2️⃣ Active Business

Your business must be actively operating with valid registration:

GST registration (mandatory)
Business registered in Tamil Nadu or Bangalore
Valid trade license (if applicable)
Minimum 1 year of business operations preferred

3️⃣ Current Account

You must have a business current account in a recognized bank:

Account should be in business name
Account operational for at least 6 months
Regular transaction history visible
Last 6 months bank statements available

4️⃣ Cheques Required

As this is cheque-based financing, you must provide:

Post-dated cheques from your current account
Cheques should match repayment schedule
Sufficient balance maintenance capability
No bounced cheques in recent history

5️⃣ KYC Documents

Standard Know Your Customer (KYC) documents for identity and address verification:

Personal Documents:

Aadhar Card (mandatory)
PAN Card (mandatory)
Passport-size photograph
Address proof (utility bill/rent agreement)

Business Documents:

GST Certificate
Business registration proof
Bank account statements (6 months)
Business address proof

6️⃣ Business Owners Only

TNBF(Tamil Nadu Business Finance) loans are exclusively for business owners:

You must be a business owner/proprietor
Salaried individuals are NOT eligible
Partnership firms, LLPs, Private Limited companies eligible
Sole proprietorships eligible

Step-by-Step Loan Process

From application to disbursement in just 4 simple steps

Submit Application

Fill out our online application form with business details, contact information, and loan requirements. Upload required documents (KYC, bank statements, business registration).

⏱️ Time: 15-20 minutes

Verification & Assessment

Our team reviews your application, verifies your business transaction history, assesses eligibility, and confirms document authenticity. We may contact you for clarifications if needed.

⏱️ Time: 12-24 hours

Approval & Documentation

Once approved, we'll share the loan agreement with clear terms, interest rates, and repayment schedule. You'll provide post-dated cheques and sign the agreement. Everything is transparent—no hidden charges.

⏱️ Time: 6-12 hours

Fund Disbursement

Funds are transferred directly to your business current account immediately after agreement signing and cheque collection. Start using the capital for your business growth right away!

⚡ Total Time: 24-48 hours from application to disbursement

Tips for Quick Approval

Speed up your loan processing with these best practices

📄

Complete Documentation

Have all documents ready before applying—clear scans of KYC, bank statements, and business registration.

✅

Accurate Information

Provide accurate business details and transaction amounts to avoid verification delays.

📞

Stay Reachable

Keep your phone available for quick clarifications or additional document requests.

Eligibility Criteria

📊 Primary Requirement