Who is eligible for a tax finance loan?

Eligibility for a Tax Finance Loan typically includes:

• Individuals: Salaried employees and self-employed professionals who have significant tax liabilities, such as income tax or property tax.
• Businesses: Corporations, SMEs, and self-employed professionals who need to pay GST, income tax, or corporate tax are eligible.
• Good Credit Score: A credit score of 650 or above is generally preferred. A strong credit profile increases your chances of approval and helps secure better interest rates.
• Steady Income: Financial institutions assess income stability to ensure the borrower can manage monthly repayments.

Meeting these criteria can simplify the application process and improve the chances of securing a tax finance loan with favorable terms.