The minimum denomination allowed for an Indian certificate of deposit is Rs. 5 lakh. Higher value CDs can be in multiples of Rs. 5 lakh.
The minimum requirement is typically between 660 and 680 for conventional loans, but many business loans have lower requirements. You must also show how long you have been in business, as most lenders will only lend to an established company. This means you should already be in business for one to two years, minimum.
The minimum amount that the Certificate of Deposit can be issued in India is ₹1 lakh. Beyond, any further investments would need to be in subsequent multiples of it. The SCBs or Scheduled Commercial Banks and the All-India Financial Institutions are responsible for issuing the Certificate of Deposit.
Credit Requirements - The minimum varies but typically ranges between 660 and 680. To assess your credit risk, lenders will also check how long you've been in business.
Credit score requirements for apartments vary by landlord, but most require at least a 670. Landlords can also view your credit report for any delinquencies or accounts in collections. If you have a low credit score, landlords may ask for upfront payments, guarantors, or references.