Documents required for a Business Loan

The documentation for most personal unsecured loans is simple and uncomplicated and as is the case if you have been regular in filling your documents for a business loan. As the loans have in general a larger amount, most banks, NBFCs or private lenders are more careful in checking your particulars before approving a business loans for a company.

In most cases these documents are simple and do not need a lot of thought but if you have neglected to file everything correctly then it would be difficult to get a loan from any of the above institutions. So before your apply for a business loan, be careful to check your documents.

Get your Business Loan

Here is the basic documentation required for getting a Business Loan:

  • A copy of the PAN card of the person or company
  • An identity proof which might include any of Aadhar Card, Passport, Voter ID, PAN Card or Driving License
  • An Address Proof which can consist of either of Aadhar Card, Passport, Voter ID or Driving License
  • Bank statements from the last 6 months
  • ITR statement from the last year as well as audited balance sheet and P&L statement for the past 2 years
  • Vintage proof or continuation proof which includes ITR, Trade License, Establishment Registration or Sales Tax Certificate
  • Cash Flow statements
  • Debt Obligations
  • Other documents as required which can include declaration of ownership, MoA, Resolutions, Power of Attorney or any other document required by the bank/NBFC or as required by the lender

Are you ready to explore the different options available for your Business Loan?

Get your Business Loan
Donate for Kerala Floods 2018

Kerala Floods

Our fellow Indians are suffering in Kerala and it is time to help them.

Donate Now! People Finder