Small Ticket Digital Business Loan

Pre-qualifiers Norm
Constitution Sole Props / Individuals
Bureau score >650
Business Vintage >1 Years
Age 21-65
Serviceable Pin Code List 7000+ ABFL Locations
Product Options Bureau upto Re 2 Lac & Banking/ITR/GST/ Upto Re 10 Lac

• UDYAM Registration has been added as legal and address proof

S. No Basic Checklist
1 Business vintage should be greater than( 1-2 is Amber) 2 years with valid document proof
2 CIBIL score of the business owner should be greater than 650
3 Age of the business owner should be more than 21 and less than 65 years. ( 21 to 23 is amber)
4 Customer should not be ABFL existing BL customer for Top up
5 Customer should have No EMI Cheque Bounce, Loan Settlement in last six months
6 Customer’s Bank account average balance of 10k or above. ( minus loan credit)
7 Customer should own at least one property
Banking Checkist
8 Bank account type should be Current Account or Savings Account only
9 Bank account cannot be in Co-operative or RRB.
10 Minimum 6 months of bank statement is required.
11 Credited amount in bank A/c should be greater than Rs. 5 lakhs in 6 months
12 There should be at least 2 transaction per month in the last 6 months
GST Checkist
14 If OTP is not received, please ask customer to enable APIs by going to their GST portal
15 Business volume should be greater than Rs. 5 Lakhs per month.
16 There should not be any de-growth in consecutive quarters in the GST turnover.
17 Customer should pay GST regularly for last 24 months.
ITR Checkist
18 Only ITR 3 & ITR 4 is allowed for consideration
19 ITR should be greater than Rs. 7.5 lac
20 ITR data can be submitted only via User ID and Password
21 https://eportal.incometax.gov.in/iec/foservices/#/login.