Documents required for a business loan case of a self-employed professional (CA, Doctor, etc.) is as follows. Lender (Bank, NBFC, etc.) would like to scan through the documents and ascertain the maximum amount that can be sanctioned to an individual/entity.
Depending on the current obligations and available sources of income, final disbursement value can be derived by the Lender, be it NBFC or HFC or a Bank.
Please note that the below documents must be submitted for all the parties including applicant, co-applicant(s) & the Firm
| # | Category | Document Type |
| 1 | Identity Proof | PAN Card |
| 2 | Address Proof (Current & Permanent) | Aadhaar/Voter ID/Passport/ Tel bill, etc. as recognised by Govt |
| 3 | Income Proof (Individuals) | 3 years ITR with computation, P&L, Balance sheet |
| 4 | Income Proof (Firm) | 3 years ITR with computation, P&L, Balance sheet, Audit report (if audited firm) |
| 5 | Income Proof | Bank Statement – Required for the last 12 months for both Saving A/c as well as Current a/c |
| 6 | IT Return Proof | Form 26AS of last 3 financial years |
| 7 | Other Documents | GST Return for latest year |
| 8 | Other Documents | Registration Certificate |
| 9 | Education | Professional Degree |
| 10 | In case of Private Ltd | MOA |
| 12 | Partnership Proof | Copy of Partnership deed |
| 13 | Property Proof (in case of LAP) | Copy of complete chain of property papers on which loan is proposed |
| 14 | Existing Obligations | Loan account statements with loan sanctions, debit banking within 12 month(If any) |
| 15 | Photographs | Two passport size photographs |
| 16 | Fee | Login fee only if loan appears to be doable |
| 17 | Additional Documents (in case of Balance Transfer from another bank/FI) | Copy of sanction letter issued by present bank, Home loan a/c statement for the last 24 months, Debit banking of loan of 24 months from where EMI of takeover loan is being paid, List of documents deposited in the bank Foreclosure letter issued by the bank. |
