List of Documents Required for Business Loan
Business Loan is an Unsecured Loan, which you can get from banks, to fulfill your personal needs.
Basically, it’s a loan for any need and it’s quite easy to have it without any questions asked by the bank.
Moreover, you also get the freedom to use the loan amount for legal purposes.
List of Documents for Proprietorship Firm
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- Photo
- Pan Card
- Aadhar Card
- Ownership Proof
- Min. 3 Years old Business Continuity Proof
- GST Registration
- Residence Address Proof
- Office Address Proof
- Last 2 Years ITR & Computation with CA Attested Financial
- Latest 12 Months GST Return
- Last 12 Months Bank Statement of all Current Accounts
- All Loan Schedule or Limit Sanctioned Letter
List of Documents for Partnership Firm
- Firm PAN Card
- Partnership Deed
- Photo of all partners
- PAN Card of all Partners
- Aadhar Card of all Partners
- Ownership Proof
- Min. 3 Years old Business Continuity Proof
- GST Registration
- Residence Address Proof
- Office Address Proof
- Last 2 Years ITR & Computation with CA Attested Financial
- Latest 12 Months GST Return
- Last 12 Months Bank Statement of all Current Accounts
- All Loan Schedule or Limit Sanctioned Letter
List of Documents for Private Limited Company
- Company PAN Card
- MOA & COI
- CA Attested List of Director & List of Shareholder
- Photo of all Directors
- PAN Card of all Directors
- Aadhar Card of all Directors
- Ownership Proof
- Min. 3 Years old Business Continuity Proof
- GST Registration
- Residence Address Proof
- Office Address Proof
- Last 2 Years ITR & Computation with CA Attested Financial
- Latest 12 Months GST Return
- Last 12 Months Bank Statement of all Current Accounts
- All Loan Schedule or Limit Sanctioned Letter
Key Characteristics | Business Loans
Nature Of facility | Unsecured term Loan |
EMI | Monthly |
Min. loan amount | 10 lacs |
Ownership Residence/Office | Mandatory |
Tenor | Min1 Year – Max 4 Years |
Min. Turnover | 50 Lakhs |
Min. Business Vintage | 3 Years |
Min. Age | 25 Years |
Max. Age | 60 Years |
ROI | 14.00% – 25.00% pa* |
PF % | 1.00% – 3.00% + applicable taxes |
Insurance | Depend upon Bank Policy* |
Lock- in Period | 1-12 month* |
Foreclose Charges | 0-4% Flat + applicable taxes |
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[…] This company provides unsecured business loans with the opportunity to obtain funding in one day. Minimum documentation should be presented to qualify – this includes a bank statement from the previous 6 months […]