Primarily 2 sets of documents are required for Business Loan. KYC & Income documents.
Document type | What are these Documents? | What are the options? |
KYC | Know Your Customer. (ID, Age, Address & Signature proof) | PAN, Passport, Ration Card, Driving License, etc. |
Income Documents | Documents that tell about your accountable Income | IT Documents, Bank Statement, Registration Documents etc. |
Each Business is different, so is each Business Entity. Due to this, it would be a gigantic task to list the entire list in one place that covers every possible business scenario. However, we have attempted to simplify the list by covering most of the scenarios.
Category | Type | Options |
KYC Documents | ID Proof | PAN, Passport, Driving License, Voter ID |
Address Proof | Passport, Ration Card, Gas Bill, Bank Statement | |
Photo | 2 Recent Passport Colour | |
Income Documents | IT Documents | 3 Recent Years |
Bank Statement | 12 Recent Months (plus latest month update) | |
Other Documents | Business Continuity | Proof of business for more than 5 years. Registration, Old IT, Old Bank Statement etc. |
Own House | EB Card & Bill, Property Tax Receipt, Title Document with latest EC. |