Financeseva offers unsecured business loan in Delhi for low interest rates.Check your eligibility criteria for a business loan in Delhi here.
Documents Requireds for Business Loans
Documents Required for Business Loan
A Business Loan is also called commercial loan. It is an unsecured loan if an applicant wants to start a documents required for business loan or enlarge an existing business, they can opt for a business loan. It is provided by the Banks, financial institutions, or NBFCs to meet the needs for firms' financial requirements. The borrower can get loan amount up to Rs. 2 crores on business loan at a lower interest rate of 14.00% onwards of a maximum tenure of repayment of principal amount of 7 years.
Documents required for partnership firm:
- 2 Passport-sized photographs of both partners.
- Copy of clear PAN Card proprietor
- Address proof of proprietor – Voter ID Card and Passport
- ITR with computation of income, balance sheet, tax audit, profit & loss A/C, all scheduled and annexure of firms 3 years.
- For Office address proof – recent telephone bill and electricity bill.
- Copy of GST registration and firm registration certificates
- Copy of GST return for last 1 year.
- Provisional financial year.
- Updated last 1 year bank statements (overdraft account, current account, cash credit account)
- Updated statement of saving account of 6 months (proprietor)
- Repayment schedule and sanction letter if running any existing loan
- Complete property documents with chain sanction map.
