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Documents Required For Business Loan

Most of the banks, Non-Banking Financial Companies (NBFCs), and financial institutions provide business loan in India. In order to obtain a business loan, as a borrower, you should qualify for the basic eligibility and submit the mandatory documents to the lending institution.

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Documents Required For Business Loan

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  1. Documents Required For Business Loan

  2. Most of the banks, Non-Banking Financial Companies (NBFCs), and financial institutions provide business loan in India. In order to obtain a business loan, as a borrower, you should qualify for the basic eligibility and submit the mandatory documents to the lending institution. Entities that are eligible for this loan are Self-employed professionals, individuals, SMEs, self-employed individuals, MSMEs, etc. Our loan for SME in India are designed to meet the ever-growing aspirations of business owners, and to become their preferred financial service provider of choice.

  3. Given below are some documents that are required for applying for a business loan: Documents required – business loan For identity proof (anyone) • 2 passport-sized photographs  • Aadhar card  • Voter ID Card  • Passport  • PAN Card  • Driving license  For address proof (anyone) • Aadhaar Card  • Driving License  • Electricity Bill  • Rent/Lease Agreement  • Voter ID  • PAN Card  • Utility Bill

  4. For Income proof  • Latest Income Tax Return with computation of income (if fied).  • Bank statement for last 6 months.  • Balance sheet  • The last 2-year profit and loss statements should be audited by registered Chartered Accountants.  Copy of proof of continuation (anyone) • Proof of establishment  • Trade License  • Income Tax Return  • Sales tax certificate   Company address proof and identity proof • Board resolution’  • Certificate of incorporation  • Articles of Association and Memorandum of Association.

  5. Steps to apply for a Small Business Loan Online process: • Most of the lenders offer online application facility, that gives complete flexibility of application applying online from respective lender’s website.  • Click the apply now button to start the process by filling up required details including applicant profile as well as company details.  • After that you will be allowed to download the application form, once filled submit the same.  • Within a short span of time, the lender will review your application and if satisfied with your profile, they will process further formalities.   • The loan will be approved, and the loan amount will be disbursed within a few days.

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