List Of Documents Required For Business Loan

List Of Documents Required For Business Loan:-

Documents Required for business loan in India

1. ID Proof: Any Two from Passport, Pan card, Voters ID Card and Driving License.
2. Address Proof
3. Proof of Continuity Of Business:- 5 years old banking page, TIN/VAT RC, Service Tax regn.
4. Bank Statement 6 Months
5. Board Resolution (If Pvt ltd co. is borrower/Partnership Authorization Letter {if partnership firm is co-borrower}
6. ITR & Statement Of Computation of Income – for last 3 Years
7. 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
8. Latest ITR of Co-Applicants – For last 3 Years
9. Ownership Proof of Residence or Office
10. Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original) for Pvt.Ltd. Co.
11. 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.