What documents are required to apply for a petrol pump loan?

The primary documents needed for applying for a petrol pump loan typically include:

• Loan application form with personal and business details
• Identity and address proof like Aadhaar card, PAN card, passport
• Proof of business registration like Goods and Services Tax (GST) certificate,  Micro, Small & Medium

Enterprises (MSME) registration

• Location permit from oil company approving petrol pump site
• Ownership documents of land if owned or lease agreement if rented
• CA-certified project report detailing costs and revenue projections
• Business plan with details of facilities, operations, etc.
• Bank statements for the last 6/12 months to demonstrate cash flows
• Income Tax Returns (ITRs) for the last 3 years showcasing income declared
• Audited financial statements for existing businesses if applicable
• Collateral security proof like property valuation documents, FD receipts, etc.
• Quotations from vendors for equipment, construction costs, etc.