What type of documents need for business Loan?

Abdul Qayyum  Finance blogger
Financial statements, preferably prepared by an accountant. Proof of individual income. Bank statements. Identification.
...
A few extra things for start-ups
Cash-flow projections.
Business plan.
Business contract of sale.
Lease agreement.
Jan 12th 2021 02:03   

Henry S.  Growing Your Business Has Never Been Easier
1) Identity Proof
2) Address Proof
3) Last six months bank statement.
4) Last two years of income documents.
5) Proof of continuation
Oct 22nd 2021 00:42   

Stephen A. B.   AYS Multi Services
Criteria tends to vary depending on the amount involved and the requirements of the creditor. But most of the answers above are correct. Yes, Importantly you will always need to verify your KYC. Have good time.
Oct 22nd 2021 00:59   

MyMoney Mantra  FinTech (Financial Technology)
Required documents are like:

Aadhar Card
Pan Card
KYC documents
Oct 27th 2021 02:46   

Loan Post  Mortgage Services
When applying for business finance, you (and any directors, partners or guarantors) may be asked to provide:
1. Financial statements, preferably prepared by an accountant
2. Proof of individual income
3. Bank statements
4. Identification
5. A few extra things if you’re a start-up business
Feb 4th 2022 02:40   

Vinit kankariya  WT Director
Identity proof, Address proof, Bank statement, Income document, Proof of continuation
May 11th 2022 03:59   

Loan Post  Mortgage Services
1. Financial statements, preferably prepared by an accountant
2. Proof of individual income
3. Bank statements
4. Identification
5. A few extra things if you’re a start-up business
Aug 22nd 2022 03:59   

Himanshu Kumar  Loan Against Ptoperty
The specific documents required for a Kotak Mahindra Bank business loan will depend on several factors, including:

The type of loan you are applying for: Different loan products may have different documentation requirements.
The size of your business: Larger businesses may be required to provide more documentation than smaller businesses.
Your financial history: Businesses with a strong financial history may be required to provide less documentation.
However, there are some general documents that are typically required for most Kotak Mahindra Bank business loans, such as:

Business documents:

Business registration documents: This could include your trade license, certificate of incorporation, or partnership deed.
Proof of business address: This could include a utility bill, rent agreement, or property tax receipt.
Financial statements: This could include your balance sheet, profit and loss statement, and cash flow statement for the past two or three years.
Tax returns: This could include your income tax returns for the past two or three years.
Business plan: This should outline your business goals, strategies, and financial projections.
Personal documents:

Identity proof: This could include your passport, driver's license, or Aadhaar card.
Address proof: This could include a utility bill, rent agreement, or property tax receipt.
Bank statements: This could include your personal bank statements for the past six months.
Income tax returns: This could include your personal income tax returns for the past two or three years.
Additional documents:

Collateral documents: If you are applying for a secured loan, you will need to provide documents for the collateral, such as your property title deed or vehicle registration certificate.
Guarantor documents: If you are required to provide a guarantor, you will need to provide their identity proof, address proof, and financial statements.
It is important to note that this is not an exhaustive list and the specific requirements may vary. It is always best to contact Kotak Mahindra Bank directly to get the most up-to-date information on the documents required for your specific loan application.
Jan 17th 2024 01:55