13/05/2024
How do NBFC calculate ELIGIBILITY in BUSINESS LOANS??
Based on various factors, including the financial health and stability of the borrowing business.
NBFCs evaluate the
1. Financial statements of the business
2. including profit and loss statements, balance sheets, and
3. cash flow statements.
4. They look at the revenue
5. Expenses, and
6.Profitability trends to gauge the business's ability to repay the loan.
IT may also considered industry in which the business operates and the overall market conditions. Ultimately, NBFCs evaluate the overall repayment capacity of the business
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