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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Loan Amount	Cashback
Rs. 12 lakh and above	Rs. 2,500
Rs. 8 lakh - less than Rs. 12 lakh	Rs. 1,500
Rs. 6 lakh - less than Rs. 8 lakh	Rs. 1,000
Rs. 4 lakh - less than Rs. 6 lakh	Rs. 500
Less than Rs. 4 lakh	Rs. 200

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Business Loan News - Apr 2019

2019-04-12 : SBI to disburse 2 lakh MSME loans in FY20
State Bank of India (SBI) has told that it is planning to disburse 2 lakh MSME loans during the FY20. For this purpose, the lender has signed a co-origination loan agreement with PAISALO, a leading non-deposit-taking NBFC registered with the Reserve Bank of India (RBI). Through their alliance, a platform will be introduced where MSME loan ticket is designed at Rs. 10,000 to Rs. 2 lakh.
2019-04-11 : Kotak Mahindra Bank to focus on SMEs to expand
Private sector lender, Kotak Bank is planning to expand its corporate loan book. From now onwards, the bank will focus on working capital disbursements and growth financing. The lender aims to expand SME Loans by 15% to 20% during this financial year.
2019-04-11 : Getting loans from SBI to become easy in smaller towns, villages
Getting loans from SBI has become easy for those people who live in remote locations. For this purpose, the bank has joined hands with NBFC, Paisalo Digital Limited to disburse loans to MSME segment and small businesses. As per the agreement with SBI, the loan ticket is designed at Rs. 10,000 to Rs. 2 lakh and Paisalo expects to disburse 2 lakh loan applications in FY20 through the platform.
2019-04-10 : Bank of Baroda Q4 profit stands at Rs. 656 crores this year, says brokerage house Motilal Oswal
The brokerage house, Motilal Oswal is expecting the lender to report a net profit at Rs. 656 crores up by 39.4% quarter-on-quarter during this financial year. Its Net Interest Income (NII) is also expected to increase by 22.7% to Rs. 4,909.7 crore. The lender is also planning to grow its banking business by building a strong growth across its retail loans including personal loans, home loans and business loans segment this year.
2019-04-09 : SBI and PAISALO to enable MSME segment with income generation loans
In a bid to empower the Agri, MSME segment and small businesses, the company, PAISALO has signed the first co-origination loan agreement with State Bank of India (SBI). Introducing a platform for the last mile customer, the loan ticket is designed at Rs. 10,000 to 2 lakh. The company expects to disburse 200,000 loan applications in FY20.

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