Documents Required for a Business Loan


Documents required by various financial institutions to process the business loan application are: -
Valid identity proof
Pan Card
Passport
Election Card
Photo Identity issued by Government, Defence Services, Public Sector undertaking
Driving License
Photo Credit Card
Employees ID card

Valid residence proof

Bank Account Statement
Ration card
Latest Electricity Bill
Latest Telephone Bill
Latest Credit Card Bill
Employers letter certifying current mailing address
Passport (Valid) - provided the passport address is present address mentioned in application form
Existing Registered House Lease

Valid age proof

Matriculation/10th Mark sheet
Birth certificate issued by competent authority

Valid signature proof

Valid Passport
Pan Card
Processing Fee Cheque
Banker's Verification Letter

Valid Income proof

Bank statements (latest six months)
Latest ITR along with calculation of income
B/S and P&L account for last 2 years attested by a Chartered Accountant

Loan Application letter from the bank you want to take loan from

Business plan and project documents

Documents of collateral

Related legal Affidavits depending on the bank
Your passport sized recent photographs
Post-dated cheques (pdc)
Guarantors and the same set of their documents (Optional)


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