Business Loan Documents List - Summary
If you need a Business loan and want to check what kind of documents are required by the Bank then you can check the Business Loan Documents List PDF and download it from the link given at the bottom of this page.
Generally, Business Men Person require loans to manage the cash flow, upgrade business equipment, and grow the business by the option of business loans. Each bank has specific requirements, criteria, and eligibility factors.
Business Loan Documents List
| Identity Proof | For a company, firm, or individual – a valid identity proof and PAN Card |
| Address Proof | Voter ID Card, Ration card, Passport, or Driving License |
| Bank Statements | Latest Bank Statements for the last 6 months |
| Income Documents | This should include the latest 2 years ITR along with the computation of income, balance sheet, profit and loss account for the past two years. This has to be submitted after the requisite CA certification |
| Proof of Continuation | ITR/Trade license/Establishment/Sales Tax Certificate |
| Other Documents | Sole Proprietorship Declaration or Certified Copy of the Partnership Deed, certified true copy of the Memorandum and Articles of Association (certified by the company Director), and the Board resolution |
Documents Required for Self-Employed Individuals – Professional
- Proof of Identity of Sole Proprietorship: Proof of identity of the sole proprietorship
- PAN ID / IT return of the concern or Municipal tax, Water, or Electricity bill in the name of the concern
- Individual identity proof to be submitted for the Sole Proprietor: Passport, Driving license, Voter’s identity card, Photo PAN card.
- Proof of residence address for the Sole Proprietor: Driving license, Ration card, Passport, Voter’s identity card
Documents Required for Self-Employed Individuals – Non-Professional
- Proof of identity of the sole proprietorship
- Proof of individual identity
- Three years of income tax returns
- Three years of sales tax returns
- Copy of periodic stock, age-wise book-debt, and creditors-statement for the last three months
- Copy of last 6 months’ bank statement of main banker/copy of bank statement for the term loan
A business Loan Application Form is a mandatory document to be filled out, it is clear that irrespective of which bank you are looking to apply for a business loan, without necessary documentation the request will not be processed. Keep this paperwork done before approaching the bank.
You can download the Business Loan Documents List PDF using the link given below.
