# Evolution X business loans

Source: https://www.recurclub.com/lenders/evolution-x
Last updated: 2026-10-20

## Eligibility

### Screening gates and observed behaviour

- Borrower: CIBIL ≥650 · avoid: Engineering, Procurement, and Construction (EPC), Metals and Mining, Real Estate (non asset Light), Consumer Durables · pan-India · sector-agnostic (26 sectors — full list in data JSON) · Private Limited, Public
- Financials: runway ≥12mo · rev ≥₹180cr · TOL/adjusted tangible net worth ≤5 · debt/EBITDA ≤4 · DSCR ≥1 · debt/networth ≤4
- Deal: rate 13–17% · ticket ₹180–900cr · tenure 12–48mo
- Security: 1st/pari-passu charge on current assets

## Common questions

### What are Evolution X's eligibility criteria?

The first screen is the bureau: a borrower CIBIL of at least 650. Revenue, leverage and debt-service thresholds apply on top and vary by product. The full credit box for each product is set out on this page.

### How do I apply to Evolution X?

You do not apply to Evolution X directly through Recur Club. Answer a short set of questions on Recur Market and your file is scored against Evolution X's own recorded criteria alongside every other lender on the panel, so you see where you fit before anyone is approached.

### Is Evolution X the right lender for my business?

It depends on which product you need, your sector and how your last two years of financials read. The credit box on this page is what Evolution X screens on; running your own numbers through Recur Market shows whether you clear it, and which other lenders you clear at the same time.

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Lender intelligence dossier - screening gates, per-product terms and sanction observations, derived from lender policy documents and observed transactions. Figures are observed from a sample and are not an offer, a commitment, or a statement of Evolution X's current policy.