A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest.
The following documents are required along with Business Loan application:
- PAN Card – For Company/Firm/Individual
A copy of any of the following documents as identity proof:
- Aadhaar Card
- Passport
- Voter’s ID Card
- PAN Card
- Driving License
A copy of any of the following documents as address proof:
- Aadhaar Card
- Passport
- Voter’s ID Card
- Driving License
- Bank statement of the previous 6 months
- Latest ITR along with computation of income, Balance Sheet and Profit & Loss account for the previous 2 years, after being CA Certified/Audited
- Proof of continuation (ITR/Trade license/Establishment/Sales Tax Certificate)
- Other Mandatory Documents [Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original).
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