The Business Loan Proper Lap offers secured loans ranging from ₹1,00,000 to ₹15,00,000 with flexible tenures of 12 to 60 months. The loan requires valuation, legal checks, and vetting, with vintage proof being optional. For loans under ₹2,00,000, a reference or neighbor check is mandatory to verify business vintage. Key documentation includes utility bills, weighing machine calibration (if applicable), ITR, bank statements, GST, property documents, and business registration proof. Property value requirements vary based on location, with urban areas needing a minimum of ₹10 lakh and rural areas ₹5 lakh. Bureau norms specify a minimum credit score of 680, with residential verification and geo-tagging also required. The loan is available to applicants aged 21 to 55 years, with co-applicants being blood relatives. Additionally, business stability proof and 12-month bank statements are necessary for loans above ₹5 lakh.
