Who can apply for a business loan?

Some of the indicative eligibility criteria are as follows:

  • Minimum age: 24 years
  • Maximum age: 59 years
  • Minimum 2 years of overall business experience

You will also need to satisfy certain pre-qualification criteria as agreed between PayNearby and the lender for you to be eligible for applying for this loan. You will get a notification via SMS, WhatsApp or in- app if you are eligible to apply for this loan.

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