Documents Required For Business Loan
Apply Online Click Here:- Business Loan
- Business loan – Documentation
- 2 passport size photographs
- Aadhar card + Passport
- PAN Card copy
- Permanent address proof also if rented
- Bank statement for salary account of last 1 year.
- Sanction letter (if running) and Loan Schedule
- ITR with computation of income (if file) of last 3 years form- 16
- Cheque in Favour of bank for processing fee
- Complete property documents with Map + Chain and ATS
- Appointment letter + Salary slips of last 3 months
Generally, business loans are scheduled for business purposes. Running a business loan includes various expenses. Every expense of a business loan creates returns at a different rate. It is an important device for an applicant because it provides opportunities to purchase and make payments. Such loans are provided by the lenders or banks to the borrower to start a new business or to grow existing ones to meet the needs of your requirements. It does not require a lot of documents to get them. An applicant can get a loan without any security or MSME Collateral. The Business Loan Interest Rate that is charged by the banks might vary from the borrowers. An applicant must choose the tenure of the loan as per their convenience. If the borrower wants to take the loan for a shorter period, he can take it for 1 year and if he wants to grow their business, he can take it for a longer period.
