Documents required for Business Loan

PRIVATE LIMITED COMPANY 

1. KYC of All Directors
• PAN Card copy and Passport Copy or Voter ID or Valid Driving License
• Residence Tel Bill and Electricity Bill or Sale Agreement or Leave and License Agreement or Maintenance Receipt or Rent Receipt

2. Company KYC
• Company PAN Card copy
• Office Tel Bill (not more than 2 months old) and Electricity Bill (not more than 2 months old) or Sale Agreement or Leave and License Agreement
• MOA/AOA with certificate of incorporation
• Annual Return with ROC (2012) or CA attested Shareholding Pattern and Directors List (as on date) 

3. Legal Existence Proof
• Sales Tax Registration Certificate
• Shop & Establishment Certificate (Gumasta)
• Importer-Exporter code Certificate
• Factory Registration Certificate
• SSI certificate
• Service Tax Registration Certificate 

• Company Financials for Assessment Year 2010-2011, 2011-12 and 2012-13
• Acknowledged copies of ITR’s
• Computation of Income
• Balance Sheet with all schedules
• Profit & Loss Account with all schedules
• Tax Audit Report (3CA/3CB and 3CD with all annexures)
• Sundry Debtors and Sundry Creditors Break-up
• Directors Report
• Auditors Report 

4. Last 12 months Bank Statements (CA, OD, CC and all other Bank A/c featuring in Balance Sheet)

5. All Loans Sanction Letter
• Secured Loan (Auto Loan, Mortgage Loan, Term Loan, OD/CC Letter)
• Unsecured Loan (PL, BL and OD/CC and any other loan)

6. Individual Financials for last 2 years of all the Directors
7. Company Profile

  

PROPRIETORSHIP CONCERN

1. KYC of Proprietor and 2^nd Co-Applicant (Blood Relative)
• PAN Card copy and Passport Copy or Voter ID or Valid Driving License

• Residence Tel Bill and Electricity Bill or Sale Agreement or Leave and License Agreement or Maintenance Receipt or Rent Receipt 

2. Company KYC
• Office Tel Bill (not more than 2 months old) and Electricity Bill (not more than 2 months old) or Sale Agreement or Leave and License Agreement

3. Legal Existence Proof
• Sales Tax Registration Certificate
• Shop & Establishment Certificate (Gumasta)
• Importer-Exporter code Certificate
• Factory Registration Certificate
• SSI certificate
• Service Tax Registration Certificate

4. Company Financials for Assessment Year 2010-2011, 2011-12 and 2012-13
• Acknowledged copies of ITR’s
• Computation of Income
• Balance Sheet with all schedules
• Profit & Loss Account with all schedules
• Tax Audit Report (3CB/3CA and 3CD with all annexures)
• Debtors and Creditors list

5. Last 12 Months Bank Statements (CA, OD, CC, Saving A/c and all other Bank A/c featuring in Balance Sheet)

6. All Loans Sanction Letter
• Secured Loan (Auto Loan, Mortgage Loan, Term Loan, OD/CC Letter)
• Unsecured Loan (PL, BL and OD/CC and any other loan) 

7. Company Profile

PARTNERSHIP FIRM

1. KYC of All Directors
• PAN Card copy and Passport Copy or Voter ID or Valid Driving License
• Residence Tel Bill and Electricity Bill or Sale Agreement or Leave and License Agreement or Maintenance Receipt or Rent Receipt

2. Company KYC
• Company PAN Card copy
• Office Tel Bill (not more than 2 months old) and Electricity Bill (not more than 2 months old) or Sale Agreement or Leave and License Agreement or Maintenance Receipt or Rent Receipt
• Partnership Deed

3. Legal Existence Proof
• Sales Tax Registration Certificate
• Shop & Establishment Certificate (Gumasta)
• Importer-Exporter code Certificate
• Factory Registration Certificate
• SSI certificate
• Service Tax Registration Certificate

4. Company Financials for Assessment Year 2010-2011, 2011-12 and 2012-13
• Acknowledged copies of ITR’s
• Computation of Income
• Balance Sheet with all schedules
• Profit & Loss Account with all schedules
• Tax Audit Report (3CA/3CB and 3CD with all annexures)
• Debtors and Creditors list.

5. Last 12 months Bank Statements (CA, OD, CC and all other Bank A/c featuring in Balance Sheet)

6. All Loans Sanction Letter
• Secured Loan (Auto Loan, Mortgage Loan, Term Loan, OD/CC Letter)
• Unsecured Loan (PL, BL and OD/CC and any other loan)

7. Company Profile

8. Individual Financials for last 2 years of all the Partners

**Additional documents may be required on case to case basis.

Business Loan Interest Rates

As on 3rd July 2013

Banks	Interest Rates
HDFC BANK	15% - 22 %
KOTAK MAHINDRA BANK	17% - 21%
BARCLAYS FINANCE	16% - 19%
FULLERTON INDIA	19% - 28%
BANK OF BARODA	14.5%
STATE BANK OF INDIA	12.50%-13.00%
STANDARD CHARTERED BANK	19%
TATA CAPITAL	18% - 19.5%

*Processing fees will vary from bank to bank.

Disclaimer: - Please note that the interest rates and eligibility criteria given here are based on the market research. To enable the comparisons certain set of data has been reorganized/restructured/tabulated .Users are advised to recheck the same with the individual companies/organizations. This site does not take any responsibility for any sudden/uninformed changes in interest rates.