List Of Documents Required For Business Loan
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Posted By PolicyPartner.in Team
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List Of Documents Required For Business Loan:-
Documents Required for business loan in India
- ID Proof: Any Two from Passport, Pan card, Voters ID Card and Driving License.
- Address Proof
- Proof of Continuity Of Business:- 5 years old banking page, TIN/VAT RC, Service Tax regn.
- Bank Statement 6 Months
- Board Resolution (If Pvt ltd co. is borrower/Partnership Authorization Letter {if partnership firm is co-borrower}
- ITR & Statement Of Computation of Income – for last 3 Years
- CA Certified or Audited P/L Account and for >40 Lacs cases Audit report along with schedules of P&L and Balance Sheet – for last 3 years
- Latest ITR of Co-Applicants – For last 3 Years
- Ownership Proof of Residence or Office
- Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original) for Pvt.Ltd. Co.
- All directors/partners KYC
Self Employed (Private Ltd. Co. and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services.
Eligibility Criteria:
- Minimum Turnover of Rs. 100 Lakhs.
- Business Vintage : Minimum of 3 years in current business and 5 years total business experience
- Business must be profit making for the last 2 years
- Minimum Annual Income (ITR): Rs. 2 Lakhs p.a.
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