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What documents are required for applying for Toll Finance?

When applying for Toll Finance, you will typically need the following documents:

  • Identity Proof: Aadhaar Card, PAN Card, Passport, or Voter ID.
  • Business Proof: GST registration, business registration certificate, or trade license for commercial entities.
  • Income Proof: Recent bank statements (6 months), income tax returns (ITRs), or audited financial statements.
  • Vehicle Documents: Registration Certificate (RC), vehicle insurance, and PUC certificate for each commercial vehicle.
  • Loan Application Form: Completed application form from the financial institution, filled with personal and business details.

Having these documents ready can streamline the application process and lead to faster approval. Some financial institutions may require additional documents based on your business's financial profile. Ensure all details are accurate to avoid delays. Many financial institutions now offer online submission, making it even more convenient for businesses to apply for toll finance.