Before applying, entrepreneurs should assess their business loan eligibility to increase approval chances. Lenders consider factors like annual turnover, credit history, profitability, and business age. By checking eligibility online, applicants can estimate the loan amount they qualify for and prepare accordingly. Improving financial health, maintaining good credit scores, and ensuring accurate documentation also boost eligibility. Many banks and NBFCs provide eligibility calculators to simplify the process. Understanding eligibility helps businesses avoid unnecessary rejections and apply confidently. Meeting eligibility criteria ensures smoother approvals, faster disbursals, and access to the right loan amount for business growth and financial requirements.