Is it possible to obtain a business loan without an ITR? If so, how?

1
Is it possible to obtain a business loan without
an ITR? If so, how?
2
What does the credit bureau mean?

• It is the agency in charge of gathering your
  personal and financial information.
• It analysis your credit behaviour and prepares a
  credit report based on it. 

3
Events when businesses lack ITR

• A start-up in its first year of operation.
• If your business income does not fall within the
  minimum tax bracket.

4
How do I get a loan if I don't have an ITR?
5
Financial records

• Check to see if your company's other financial
  statements are in order.

6
Security

• You can pledge your company's assets in exchange
  for funds.

7
Introduce guarantor

• Having a guarantor on your loan increases your
  loan eligibility.
• The guarantor must possess a decent credit
  profile.
• Their repayment obligation is the same as yours.

8
Healthy credit record

• Avoid missing out on existing debt EMIs.
• Clear any previous defaults.

9
Other essential documents for securing business
finance without ITR

• Identity and address proof
• Business vintage proof
• Income proof

10
It is difficult to obtain business financing
without ITR. Even if you are accepted, the
interest rate will be higher.
11
Thanks
Would Love to hear from you.
Hero Fincorp Limited
09, Basant Lok, Vasant Vihar, New Delhi - 110057
Tel [phone]
Email customer.care_at_herofincorp.com
Website https//www.herofincorp.com/
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