Documents For Business Loan Application

Signed Application Form

Identity Proof (PAN)

Residential Address Proof

Last 3 years ITR (self and business), profit and loss account, balance sheets certified/audited by a CA.

Last 12 months bank account statement (self and business)

Certificate and Proof of Business Existence

Business Profile

Office address - ownership/ lease / rent agreement/ utility bill

Latest Blogs

Loan Amount	Cashback
Rs. 12 lakh and above	Rs. 1,000
Rs. 8 lakh - less than Rs. 12 lakh	Rs. 500
Rs. 6 lakh - less than Rs. 8 lakh	Rs. 400
Rs. 4 lakh - less than Rs. 6 lakh	Rs. 200
Less than Rs. 4 lakh	Rs. 100

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Business Loan News - Sep 2020

2020-09-18 : PSBs overtake private banks in 2020
Public sector banks overtook private sector banks in offering retail loans like home, personal, gold, car, two-wheeler and education loan along with business and mudra loans. Since December 2019, PSBs overall lending has gone up to 57.7% as of June 2020, which is a jump of as much as 60 bpsover six months. During the same period, the share of private banks in overall lending has come down by 60 bps to 34.4%. The share of total loans outstanding that private banks have lost has been taken over by state-owned lenders.
2020-09-16 : Lok Sabha passes bill to bring co-op banks within RBI ambit
The Banking Regulation Bill, 2020, was passed in the Lok Sabha. The bill, moved by FM seeks to protect the interest of depositors by bringing cooperative banks under the regulatory framework of the RBI.
2020-09-16 : SBI YONO could be a $40 billion goldmine
SBI could be sitting on a goldmine when it comes to its digital startup YONO (You only need one). The super-app could be valued at $40 billion with the lender considering long term plans to hive it off as a separate entity once it assumes a certain size.
2020-09-15 : FM introduces Banking Regulation Bill in Lok Sabha
FM introduced Banking Regulation Bill, 2020 in the Lok Sabha. The law strives to protect the interest of the depositors by bringing co-operative banks under the regulatory framework of RBI.
2020-09-11 : State Bank of India targets 3x growth in retail, MSME gold loans
SBI is targeting 3x growth in retail loans which includes home, personal, car, two-wheeler and gold loans along with MSME loans. The bank has planned to use YONO, its digital banking platform, to cut down on response time and scale-up activity.

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