{"id":12859,"date":"2023-08-29T03:03:26","date_gmt":"2023-08-29T03:03:26","guid":{"rendered":"\/blog\/?p=12859"},"modified":"2024-12-09T11:10:49","modified_gmt":"2024-12-09T05:40:49","slug":"a-guide-on-how-to-fill-your-business-loan-application-form-in-2020","status":"publish","type":"post","link":"https:\/\/tata-blog.osian.dev\/blog\/loan-for-business\/a-guide-on-how-to-fill-your-business-loan-application-form-in-2020\/","title":{"rendered":"A Guide on How to Fill Your Business Loan Application Form in 2020"},"content":{"rendered":"\n<p>Back in the day, business credits had companies running from pillar\nto post. Fortunately, business loans have become far more comfortable to borrow\ntoday and are available in both online and offline modes. <\/p>\n\n\n\n<p>A&nbsp;business loan&nbsp;now comes with a simpler application process, minimal documentation, and flexible eligibility criteria for quicker disbursal.&nbsp;<\/p>\n\n\n\n<p>It is important to practise due diligence when filling the application form. To that end, here is a business loan guide to walk you through the entire process, from start to finish.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Before You Apply for the Loan <\/strong><\/h2>\n\n\n\n<p>Consider this: what do you need the loan for? Answering the question\nwill help you streamline the type of loan you need to borrow for profitable\nreturns. <\/p>\n\n\n\n<p>A business loan is available under three categories to enterprises, namely <a href=\"https:\/\/tata-blog.osian.dev\/business-loan\/machinery-loan.html\">Machinery Loan<\/a>, Working Capital Loan, and MSME &amp; SME Loan. Once you have settled the type of loan you want to secure, check the eligibility criteria with the lender of your preference. <\/p>\n\n\n\n<p>In case you have queries, you can contact the lender and resolve the\nsame. Alternatively, you can use a free eligibility calculator, readily\navailable online to check if you are eligible for the loan or not. Doing this\nmakes the loan process a lot smoother. <\/p>\n\n\n\n<p>Standard <a href=\"https:\/\/tata-blog.osian.dev\/business-loan\/eligibility-and-documents.html\">business loan eligibility<\/a> criteria include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Applicant\nmust be between ages 25-65 years<\/li>\n\n\n\n<li>A\nregistered accountant must audit your balance sheet <\/li>\n\n\n\n<li>Business\nturnover needs to show an upward trend<\/li>\n\n\n\n<li>Business\nmust be profitable for three successive financial years<\/li>\n<\/ul>\n\n\n\n<p style=\"color:red\"><strong>Additional Read: <\/strong><a href=\"https:\/\/tata-blog.osian.dev\/blog\/business-loan\/step-by-step-business-loan-application-process-explained\/\">Step by Step Business Loan Application Process Explained<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How to Fill a Business Loan Application Form?<\/strong><\/h2>\n\n\n\n<p>You can fill the application form either online or offline, based on\nconvenience. Either way, the loan application is typically divided into two\nsections \u2013 personal details and business details. For the personal details\nsection, you should be able to furnish information for data fields such as your\nresidential address, PAN card number, email address, and other necessary\ndetails.<\/p>\n\n\n\n<p>On the other hand, the application form will have data fields for\ninformation such as annual turnover, nature of the business, and business\nvintage \u2013 the time for which your company has been in operation. Once you have\nfilled the requested details, read the terms and conditions carefully before\nsubmitting the application form.<\/p>\n\n\n\n<p>Finally, for a swifter loan application approval, use the following\ntips:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Double-check\nif you have filled in every question and checked essential boxes. A missing\ndata field can delay the process further. <\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Prepare the\nessential documents well in advance, including KYC documents and bank\nstatements. You should also be ready with a detailed business report on how you\nplan to use the borrowed funds.<\/li>\n<\/ul>\n\n\n\n<p style=\"color:red\"><strong>Additional Read:<\/strong> <a href=\"https:\/\/tata-blog.osian.dev\/blog\/business-loan\/list-of-documents-you-must-have-to-get-your-business-loan-approved-in-2020\/\">List of documents you must have to get your business loan approved in 2020<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You should\nideally estimate the EMI for the stipulated amount before you apply. That way,\nyou can quote a suitable amount in the application form to match your financial\nhealth, and avoid pocket strains. <\/li>\n<\/ul>\n\n\n\n<p>In need of a <a href=\"https:\/\/tata-blog.osian.dev\/business-loan.html\">business loan<\/a>? Apply at Tata Capital to procure desired funds at highly competitive interest rates and convenient loan terms. Enjoy quick loan approval and disbursement with our easy, online documentation process.<\/p>\n\n\n\n<p>Get in touch for further details!<\/p>\n\n\n\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background wp-element-button\" href=\"https:\/\/tata-blog.osian.dev\/online\/loans\/business-loans\/home#!\">Apply Now<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Back in the day, business credits had companies running from pillar to post. Fortunately, business loans have become far more comfortable to borrow today. <\/p>\n<p><a href=\"https:\/\/tata-blog.osian.dev\/blog\/business-loan\/a-guide-on-how-to-fill-your-business-loan-application-form-in-2020\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":12860,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-12859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan-for-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Check Out How to Fill Your Business Loan Application Form in 2020 - Tata Capital Blog<\/title>\n<meta name=\"description\" content=\"Need to know how to fill business loan application? Find out complete information about business loan and its eligibility. Get detailed business loan application filling guide now\" \/>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Check Out How to Fill Your Business Loan Application Form in 2020 - Tata Capital Blog\" \/>\n<meta property=\"og:description\" content=\"Need to know how to fill business loan application? Find out complete information about business loan and its eligibility. Get detailed business loan application filling guide now\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/a-guide-on-how-to-fill-your-business-loan-application-form-in-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"TATA Capital Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-29T03:03:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-09T05:40:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tatacapital.com\/blog\/wp-content\/uploads\/2020\/11\/business-loan-application-form-in-2020.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tata Capital\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tata Capital\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/a-guide-on-how-to-fill-your-business-loan-application-form-in-2020\/\",\"url\":\"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/a-guide-on-how-to-fill-your-business-loan-application-form-in-2020\/\",\"name\":\"Check Out How to Fill Your Business Loan Application Form in 2020 - Tata Capital Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\"},\"datePublished\":\"2023-08-29T03:03:26+00:00\",\"dateModified\":\"2024-12-09T05:40:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a\"},\"description\":\"Need to know how to fill business loan application? 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