Following Documents are required by most banks for loan processing
KYC Documents (All Applicants):
• Application form with one photograph each signed across the photographs, company as co-applicant on loan gets signed by any one Director with stamp on ‘space for photograph’ and signed at all paces as mentioned in the form by all applicants.
• Processing Fees cheque in favour of “The Bank”.
• Copy of Pan Card of all Directors on loan and the Company (If the photograph not clear, another ID proof to be taken on records)
• ID Proof : Any other ID Proof other than Pan Card – Passport, DL, Voter ID Card, Adhar Card etc
• Signature Proof – Pan Card, Passport (If current signatures don’t match the ID proof, Bank Signature Verification needs to be submitted)
• Residence Address Proof - Telephone Bill preferred (Landline) in absence of phone bill - Passport, Voter ID card, Bank Statement, DL, Ration card OR Copy of notarized/ Registered Rent Agreement/lease deed with utility bill in land lord’s name.
• Office Address Proof - Telephone Bill preferred (Landline) in absence of phone bill – Electricity bill, Bank Statement or Copy of lease deed with utility bill in land lord’s name.
• Copy of partnership deed – Notarized and with stamp on the back of the stamp paper.
• Relationship Proof between applicants: Passport, Ration card, Marriage Certificate, Birth Certificate of Child etc.
• Business profile – Brief profile on letter head or copy of Web pages
• Qualification Proof: Copy of Degree in case of Professionals – CA s , Doctors, Architects, Lawyers etc
Financial Documents (Only Earning Applicants):
• Last 3 Years of Financials – ITR, Computation of Income, Tax Audit Report with complete set of financials (P & L A/C, Balance Sheet, Annexure etc).
• Last 3 Years of Financials – ITR, Computation of Income of all partners.
• Acknowledgement receipts – For all ITRs filed without digital signatures.
• Last 6/12 Months of Bank Statement (Current) – Statements of all active current accounts as per Balance sheet (On Bank stationery or stamped by the bank or PDF downloaded net statement with Bank name, logo and full account number).
• Last 6 Months of Bank Statement (Savings) – Statements of all active savings account of all partners on loan (On Bank stationery or stamped by the bank or PDF downloaded net statement with Bank name, logo and full account number or copy of passbook).
• Sanction Letters - Of CC limit, WC limit, OD and Term Loans.
• Amortization Schedule/ Statement of Account - Documents to support all active loans, SOA preferred, in case of non-availability of SOA Amortization Schedule.
• VAT/ Service Tax Return – Both or whichever applicable for all quarters passed the last financial year.
• List of Creditors & Debtors of last 2 financial years attested by Auditor
• Form 26 (AS) for current financial year and last 2 financial years of all applicants & co-applicants including the firm.