Business Loan Documents 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

Business Loan Financial Document Required

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

Self-Employed Professionals Document Required for Business Loan

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 Document Required for Business Loan

• 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 Document Required for Business Loan

• 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

Other Bank Business Loan Document Required