What are the Documents Required to Apply for a Business loan?

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Many financial institutions offering collateral-free Business Loans in India have minimal documentation requirements that one may fulfill quickly. When business owners apply for Business Loans, they need to provide their identity proof, residence proof, proof of ownership, and a few financial documents. The documents required for a Business Loan include:

  • Filled loan application form

  • Recent and clear passport size photograph

  • Identity proof, like PAN card, Aadhaar card, or government ID

  • Residence proof, like Aadhaar card, passport, driving license, voter ID, or last two months' utility bills

  • Financial documents, like PAN card, six months' bank statement, GSTIN, ITR, audited balance sheet, profit & loss account, computation of income, etc.

  • ITR, trade license, or sales tax certificate to prove business continuity for the last few years

  • Proof of ownership, which should be in the applicant's name or the name of their spouse or parent


When you apply for Business Loans, ensure fulfilling all these documentation requirements according to the lender's policies. Use a Business Loan calculator to know how much you may borrow and go ahead with the application process.

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