Loans FAQs

Explore various loan options with our detailed FAQs. Access clear, concise information to choose the most suitable financing solutions for your needs.

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How do lenders verify the information provided in loan applications?

Posted:5th September, 2025
Updated:5th September, 2025

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118

Lenders follow a structured verification process to ensure that the authenticity of the information provided in loan applications.

Posted:5th September, 2025
Updated:5th September, 2025

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143

Income Tax Returns (ITRs) are important documents that help lenders assess the financial health and income stability of a business.

Posted:5th September, 2025
Updated:5th September, 2025

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121

To secure a loan for a hotel business, applicants need to present a comprehensive business plan, detailed project report, and financial statements.

Posted:5th September, 2025
Updated:5th September, 2025

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115

Yes, it is possible to obtain a business loan to start or expand a travel agency in India.

Posted:5th September, 2025
Updated:5th September, 2025

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129

Yes, Mudra loans are available for businesses like cloud kitchens under the Pradhan Mantri Mudra Yojana.

Posted:5th September, 2025
Updated:5th September, 2025

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108

Interest rates for handicraft loans vary depending on the lender, loan amount, and applicant’s credit profile.

Posted:5th September, 2025
Updated:5th September, 2025

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125

Yes, educational institutions such as schools, coaching centres, and training institutes can be classified as MSMEs if they meet the investment and turnover criteria set by the government.