Business Loan
Business loan is an unsecured loan similar to personal loan , specifically designed for business use.It is a short term finance that can help with cash flow. Companies take the business loan to gain the financial need.
At business loan , helping our clients to realize their aspirations is our first priority. We are here to help people with their financing needs, whether they are small business or corporate group. To be truly effective as a money lender advisor, we here at Loan Mudra believe it is important to offer a wide range of services and solutions.
Banks offer business loans for various needs of enterprises like expanding, modernizing or improving infrastructure. Though any business person can opt for a long or short term business loan, there is certain eligibility that needs to be fulfilled. There is also need of submitting various documents while applying for a business loan. There are differences in the documents required for various types of companies like sole proprietorship firm, partnership firms and private limited companies.
Required Documents :-
| PROPRIETORSHIP FIRM | PARTNERSHIP FIRM | PRIVATE LIMITED COMPANY |
| Signed Application form with photograph | Signed Application form with photograph | Signed Application form with photograph |
|
Identity Proof of Proprietor (PAN Card, Voter Card, Passport, UID, Driving License) |
Identity Proof of Partners (PAN Card, Voter Card, Passport, UID, Driving License etc) |
Identity Proof of Directors (PAN Card, Voter Card, Passport, UID, Driving License etc) |
|
Residence Proof of Proprietor (Voter Card, Passport, Driving License, UID, Electricity Bill etc) |
Partnership Deed+Firm PAN Card+Service Card+Service TAX/VAT/Sale Tax/Excise Registration etc) | Firm PAN Card+MOA+List of Director and Share Holders C.A. Attested+Service Tax/VAT/Sale Tax/Excise Registration etc. |
| Office Proof(Water/Electricity/Telephone Bill etc) | Residence Proof of Partners(Passport, Voter ID, U.I.D, Driving License, Electricity Bill etc) | Residence Proof of Directors(Passport, Voter ID,U.I.D,Driving License,Electricity Bill etc) |
| Last 3 Years I.T.R+Computation of Income+ Audited Balance Sheet & Profit and Loss Account | Office Proof Firm(Water/Electricity/ Telephone Bill etc) | Office Proof of Firm(Water/Electricity/ Telephone Bill etc |
| Last 1 Year Bank Statement(Saving+Current+O.D/C.C) | Last 3 Years I.T.R+Computation of Income+ Audited Balance Sheet & Profit and Loss Account – Partnership Firm 3 Yrs I.T.R+Computation - Partners | Last 3 Years I.T.R+Computation of Income+ Audited Balance Sheet & Profit and Loss Account – Firm 3 Yrs I.T.R+Computation - Directors |
| Other Loan Obligation Proof | Last 1 Year Bank Statement of Firm(Current+O.D/C.C Partners –Saving) Other Loan Obligation Proof –Partners+Firm | Last 1 Year Bank Statement of Pvt Ltd Firm –(Current+O.D/C.C Directors –Saving) Other Loan Obligation Proof –Directors+Firm |
Banks rates and charges-
