What documents do I need to provide for my loan application?

When applying for a business loan, loan providers generally require specific documents to assess your eligibility and financial stability. The documents you need to provide may vary based on your business structure, but here are the typical requirements categorised by business type:

Bank Statements

• Needed for all business structures, including sole proprietorships, partnerships, private limited companies, Limited Liability Partnerships (LLPs), and public limited companies
• Typically require 6 months of statements

Business Registration Documents

• Verify the legitimacy and formal registration status of the business
• Required for sole proprietorships, partnerships, private limited companies, LLPs, and public limited companies

Business PAN Card

• Used as a unique tax identification number for the business
• Needed for all structures - sole proprietorships, partnerships, private limited companies, LLPs, and public limited companies

Personal PAN Card

• Verifies identification of the applicant
• Required from proprietors, partners, directors or authorised signatories

Selfie Photograph

• Part of standard KYC norms
• Mandatory for all applicants regardless of business structure

Providing accurate and complete documents enables faster processing and approval. Always verify exact requirements with the loan provider.