Documents Required For Business Loan

Business Loans Eligibility

Documents Required For Business Loan

A business loan can be used to build or expand a business unit. The acquired funds can serve overall documents required for business loan expenditures, including purchasing plant equipment, hiring staff, buying office space, consolidating debt, and more.  

In order to get a business loan, as a applicant , you should qualify for the basic eligibility and submit the mandatory documents to the lending institution.

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

For Income proof

  • Latest Income Tax Return with computation of income (if filed).
  • 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.

Other important documents

  • Copy of certified partnership deed
  • Sole proprietorship
  • Copy of GST registration
  • Property documents with sanction map and Chain.

Business Loans Eligibility
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