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
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Business Loan News - Jul 2020
  • 2020-07-03 : Bank credit soars by 6.18% and deposits by 11% news
    RBI reported that the Bank credit backed by retail loans like home, personal, car, two-wheeler, gold loans along with business loans and mudra loans grew by 6.18% in the fortnight ending 19 June. Further, the deposits backed by Fixed deposits and Recurring deposits grew by 11%.
  • 2020-06-30 : Central Bank of India Q4 loss narrowed
    Central bank of India reported narrowing of loss to Rs 1,529.07 crore for March quarter 2019-20 as provisions for bad loans declined. The bank reported a loss of Rs 2,477.41 crore in January-March, 2018-19. Total income backed by the retail loan like home, personal, gold, two-wheeler, car along with business and mudra loan, grew to Rs 6,723.73 crore in the three months to March.
  • 2020-06-30 : Punjab and Sind Bank Q4 loss widens
    Punjab and Sind Bank reported widening of loss to Rs 236.30 crore for the fourth quarter of 2019-20 as provisions for bad loans rose. The public sector bank had posted a loss of Rs 58.57 crore in January-March, 2018-19. During the quarter, the bank backed by the retail loan like home, personal, gold, two-wheeler, car along with business and mudra loan, earned an operating profit of Rs 429.75 crore as against Rs 404.13 crore in the same period of the previous fiscal.
  • 2020-06-30 : UCO Bank Q4 net profit of Rs 16.78 crore
    UCO Bank reported a net profit of Rs 16.78 crore for the fourth quarter ended March 31, mainly due to falling in NPA and lower provisioning. Income during the March quarterbacked by the retail loan like home, personal, gold, two-wheeler, car along with business and mudra loan, increased to 4,511.21 crores, from Rs 4,148.52 crore in same period of preceding fiscal.
  • 2020-06-29 : RBI extends enhanced borrowing limit under MSF
    RBI extended the enhanced borrowing facility provided to the banks to meet their liquidity shortages till September 30. This move will assist the banks and is likely to impact the home, personal, business, mudra, gold, two-wheeler and car loan. The decision was taken amid the COVID 19 woes to bolster the position of the banks.
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