MSME Loan Application Form - Summary
MSME Loan Application Form – Essential Checklist
The MSME Loan Application Form is a crucial document for anyone looking for financial help of up to Rs.10 crore. Having all the needed documents ready can greatly improve your chances of getting approved. Here’s a straightforward checklist to assist you in preparing your application properly.
Required Documents for MSME Loans
- Proof of Identity: Aadhaar Card / Voter’s ID Card / Passport / Driving License / PAN Card / Signature identification from current bankers of the proprietor, partner, or director (if it’s a company).
- Proof of Residence: Aadhaar Card / Recent telephone bills, electricity bills, property tax receipts / Passport / Voter’s ID Card of the Proprietor, partner, or Director (if it’s a company).
- Proof of Business Address.
- The applicant should not have any pending dues with any Bank or Financial Institution. Include Memorandum and Articles of Association for Companies / Partnership Deed for partnership firms, etc.
- Statements of assets and liabilities from promoters and guarantors along with the latest income tax returns.
- Rent Agreement (if the business location is rented) and clearance from the pollution control board if applicable.
- SSI / MSME registration / Udyog AADHAAR Memorandum, if applicable, along with projected balance sheets for the next two years for working capital limits and for the duration of the loan if it is a term loan.
- Copies of lease deeds / title deeds for all properties being offered as primary and collateral securities.
- Certificate of incorporation from RoC for companies (including CIN No. and DIN No. of directors).
- Bank account details wherever applicable (including details of outstanding amounts for existing loans/limits).
- GSTN No., if applicable.
- Credit rating details and report, if available.
- ZED rating, if available.
Additional Documents for Cases with Exposure above ₹25 lakh
- Profile of the unit (including names of promoters, other directors in the company, activities undertaken, and addresses of all offices and plants, shareholding pattern, etc.).
- Last three years balance sheets of the Associate / Group Companies (if any).
- Project report (for the proposed project if term funding is required) containing details of machinery to be acquired, from whom it will be acquired, prices, names of suppliers, financial details like capacity of machines, utilization rates, production estimates, sales forecasts, projected profit and loss, and balance sheets for the loan term, details of labor and staff to be hired, and the basis of the financial assumptions.
- Manufacturing process, if applicable, major profiles of executives in the company, any business partnerships, details about raw materials used and their suppliers, buyers’ details, information about major competitors, and the company’s strengths and weaknesses compared to those competitors, etc.
You can easily download the MSME Loan Application form in PDF from the link below for your convenience. Make sure to gather all necessary documents before starting the application process. This will ensure a smooth experience! 📄