Business Loan


Unsecured Business Loans

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

Documentation

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

  • PAN Card
  • Passport
  • Drivers’ License
  • Aadhar Card

Yes

Yes

Yes

Residence Address Proof (any of the below): of Proprietor/Partner/Director

  • Passport
  • LIC Premium (not over two months old)
  • Utility Bill (not over two months old)
  • Arms License (not over two months old)
  • Mobile Bill (not over two months old)

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):

  • Electricity Bill
  • Sales Deed copy

Yes

Yes

Yes

Firm/Company Related Documents

Residence/Office Ownership (any of the below):

  • Electricity Bill
  • Sales Deed copy

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