What documents are required to apply for a GST Business Loan?

The key documents generally required by lenders to apply for a Goods and Services Tax (GST) business loan are:

• Application form: Duly filled loan application form with personal and business details
• Identity proof: PAN card, Aadhaar card, passport etc.
• Address proof: Voter ID, utility bills, bank statement with address, etc.
• Business registration: Registration certificate, Memorandum of Association (MOA)/ Articles of Association (AO) for company, partnership deed, etc.
• GST registration: GST registration certificate and GST returns for the last 6-12 months
• ITRs: Last 3 years Income Tax Returns for business and promoters
• Financial statements: Last 3 years audited financial statements of the business
• Bank statements: Last 6-12 months business bank account statements
• Collateral documents: Property papers if collateral security is offered
• Existing loan details: If taking over an existing loan, earlier loan details and statements
• Know Your Customer (KYC) documents: Photograph, ID, and address proof of partners/directors