MSME Loan Application Form - Summary
MSME Loan Application Form: Everything You Need to Know
Are you looking to get an MSME loan of up to Rs.10 crore? To apply successfully, you need to have the right documents ready! Here’s a helpful checklist to guide you through the MSME loan application process. Remember, gathering these documents will help ensure your application is smooth and quick. You can also download the MSME Loan Application form in PDF format from our website.
Essential Documents for MSME Loans
MSME Loans up to Rs.10 crore – CHECKLIST
- Proof of Identity: Aadhaar Card / Voter’s ID Card / Passport / Driving License / PAN Card / Signature identification from present bankers of the proprietor, partner, or director (if a company).
- Proof of residence: Aadhaar Card / Recent telephone bills, electricity bill, property tax receipt / Passport / Voter’s ID Card of Proprietor, partner, or Director (if a company).
- Proof of Business Address.
- Applicant should not be a defaulter in any Bank/Financial Institution. Include the Memorandum and Articles of Association of the Company / Partnership Deed of partnership firms, etc.
- Assets and liabilities statements of promoters and guarantors along with the latest income tax returns.
- Rent Agreement (if business premises on rent) and clearance from pollution control board if applicable.
- SSI / MSME registration / Udyog AADHAAR Memorandum, if applicable. Projected balance sheets for the next two years in case of working capital limits and for the period of the loan in case of term loan.
- Copies of lease deeds/ title deeds of all the properties being offered as primary and collateral securities.
- Certificate of incorporation from RoC in case of a company (CIN No. and DIN no. of directors).
- Bank Account details wherever applicable (with details of outstanding in case of existing loans/limits).
- GSTN No., if applicable.
- Credit Rating details and report, if available.
- ZED rating, if available.
For Cases with Exposure above ₹ 25 lakh
- Profile of the unit (includes names of promoters, other directors in the company, the activity being undertaken, 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 the machinery to be acquired, from whom to be acquired, price, names of suppliers, financial details like the capacity of machines, the capacity of utilization assumed, production, sales, projected profit and loss, and balance sheets for the tenor of the loan, the details of labour, staff to be hired, basis of the assumption of such financial details, etc.
- Manufacturing process if applicable, major profile of executives in the company, any tie-ups, details about raw materials used and their suppliers, details about the buyers, details about major competitors, and the company’s strengths and weaknesses in comparison to their competitors, etc.
You can also download the MSME Loan Application form as a PDF for your convenience. Make sure to follow this checklist so that your application process goes as smoothly as possible! 😊