An unsecured business loan is availed without any collateral or security by a business enterprise to meet their short term or loan term financial requirements
Entity
Documents
Sole Proprietorship
Partnership Firm
Private Limited Company
Individual
Partner
Director
Individual documents
Age & ID proof (any of the below): of Proprietor/Partner/Director
Yes
Yes
Yes
Residence Address Proof (any of the below): of Proprietor/Partner/Director
Yes
Yes
Yes
Photograph of Proprietor/Partner/Director
with Signature
Yes
Yes
Yes
Sanction letter and schedules/Statement of loans in the name of individuals/partners/directors
Yes
Yes
Yes
Residence/Office Ownership (any of the below):
Yes
Yes
Yes
Firm/Company Related Documents
Residence/Office Ownership (any of the below):
Yes
Yes
Yes
Business continuity proof – 3 years income tax return & income statements
Yes
Yes
Yes
Last 3 year audit report and audited Financials (debtors & creditors list a must)
Yes
Yes
Yes
Last 6 months bank statements of all operative accounts
Yes
Yes
Yes
Sanction Letter of any other existing loans
In the case of transfer of a loan: Sanction Letter of your previous bank
Yes
Yes
Yes
Business incorporation date proof – PAN Card of the firm/company
N.A
Yes
Yes
Partnership Deed/ MOA(Memorandum of Association) and AOA (Articles of Association) – As applicable
N.A
Yes
Yes
Certificate of Registration of Partnership Firm / Incorporation of company – as applicable
N.A
Yes
Yes
Latest share holding pattern on company letterhead
N.A
N.A
Yes
List of current Directors on company letterhead.
N.A
N.A
Yes