Note: - You can get up to 20 Cr as a maximum loan amount.
What are the factors generally affecting Dealer finance Eligibility Criteria?
There are top factors that generally affects dealer finance eligibility criteria as given below: -
Bad Credit score: - Credit score is the reflection of your creditworthiness, if you ever missed or payment taken after due date will affect your credit as well as your eligibility.
Less year of business continuity: - As stated above in criteria that business existing year should be more than 3, wherein less year of business continuity known to be ineligible.
What are the ways to increase Dealer finance eligibility?
To increase eligibility, you need to consider Top points as given below, this will aid you in increasing your eligibility level.
Prefer to do payment on time: - Consider this point & make it happen, by doing payment on time whether it's an eligibility bill or existing loan EMI you can build a strong credit score which helps you to get loan easier.
Clear debt: - Try to clear your existing loan as much as easier before applying for new loan as it will help you to show stable income