Documents Required for a Business Loan

0
30

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)

LEAVE A REPLY

Please enter your comment!
Please enter your name here