Commercial Loan
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Documents Required to be submitted for a Commercial Loan are:-
I. Common Documents:
- Duly filled loan application form
- Proof of Identity: Aadhaar Card / Voter’s ID Card / Passport / Driving License / PAN Card
- Proof of residence: Aadhaar Card / Recent telephone bills, electricity bill, property tax receipt /Passport / voter’s ID Card of Proprietor, Partner / Director (if a company)
- Proof of business Address
- Memorandum and Articles of Association of the Company / Partnership Deed of partnership firms, etc.
- Assets and liabilities statement of promoters and guarantors along with latest income tax returns.
II. Additional documents based on activity undertaken
- SSI/ MSME Udyam Registration Certificate/ Udyog AADHAAR Memorandum, if applicable.
- Projected balance sheets for the next two years in case of working capital limits and for the period of the loan in case of term loan.
- Last three years balance sheets of Firm, Company, etc
- Copies of lease deeds/ title deeds of all the properties being offered as primary and collateral securities
- Certificate of incorporation from RoC in case of company (CIN No. and DIN no. of directors)
- Bank Account details wherever applicable (with details of outstanding in case of existing loans / limits)
- Brief Profile of the unit, management, Key persons, Industry etc.
- Details of associates, brief profile of the associates, their banking arrangement & financials of the associates for the last year.
- Copies of Statutory approvals viz. License/ approval from regularity authority, Pollution Control Certificate, GST / VAT registration, etc.
- Documents, licenses etc which are required based on the nature of the business entity such as manufacturing, trading, export-import, IT, service sector, etc.