Business Loan Document Required

  1. Completely Filled Business Loan Application Form
  2. PAN Card - For Individual / Partnership Firm / Company
  3. Identity Proof - Any one (e.g. Voter ID / Driving License / Passport / Aadhar Card)
  4. Address Proof - Any one (e.g. Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)
  5. Ownership proof of either residence or office either in the name of applicant or jointly with family members
  6. Business Continuity Proof - Any one document dated 5 years old (Bank Statement / Sales Tax Challans / IT Returns / Shops & Est. Certificate / Certificate of Incorporation / Partnership Deed)
  7. Proof of Vintage eg. Shops & Establishment certificate/VAT/Sales Tax Registration Certificate, Pollution license, etc
  8. KYC documents of Applicant/ Co-Applicant/ Promoters/ Guarantor
  9. Letter certifying end use of the business loan funds on Business Letterhead
  10. Passport Size Photographs of all applicants and co-applicants

Financial Document Required for Business Loan

For Self-Employed Individuals / Sole Proprietorships

  • Financial Projection for 2 years
  • Last 3 year Financial Statement including latest 2 years Audited Statements along with all schedules
  • Bank statements from the borrower's main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet
  • Repayment Track Statement from Starting to Till Date OR First and Latest Sanction Letter with last 6 months Repayment Track Statement
  • Existing facility sanction letter/ Repayment Track Record (RTR) of existing loan, if any

For Self-Employed Professionals

  • Latest audited ITR and financials for the last 2 years (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
  • Bank statements from the borrower's main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet
  • Professional Qualification Certificate and Degree Certificate for professionals (Doctors, Architects, Chartered Accountants etc.)
  • Repayment Track Statement from Starting to Till Date OR First and Latest Sanction Letter with last 6 months Repayment Track Statement

For Partnership Firms

  • Latest audited ITR and financials for the last 2 years (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
  • Bank statements from the main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet
  • Sales Tax/ VAT Returns for Current Financial Year
  • Partnership Deed and partnership authority letter for partnership firms
  • Repayment Track Statement from Starting to Till Date OR First and Latest Sanction Letter with last 6 months Repayment Track Statement

For Companies

  • Latest audited ITR and financials for the last 2 years (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
  • Bank statements from the main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet
  • Sales Tax/ VAT Returns for Current Financial Year
  • Board Resolution
  • Memorandum and Articles of Association and Board Resolution from the company
  • Certificate of Incorporation (COI) for companies
  • Latest shareholding patterns for Private Ltd. / Public Ltd. companies
  • Repayment Track Statement from Starting to Till Date OR First and Latest Sanction Letter with last 6 months Repayment Track Statement

Business Loan Interest Rate

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