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 - Feb 2019

2019-02-21 : Dena Bank, Vijaya Bank merger with BoB to be effective April 1
The merger of Bank of Baroda with Dena Bank and Vijaya Bank would be effective from April 1 as per the scheme of amalgamation approved by the government. Further, the banks will have a meeting on 11 March to issue and allot equity shares to these lenders as per the share exchange ratio decide earlier. The merger will allow the combined entity under BoB to have more lending power and building a better brand globally.
2019-02-21 : Government infuses a capital of Rs. 9,086 crore in Corporation Bank
Earlier this week, the government has infused a capital of Rs. 48,239 crore in 12 public sector banks. Among those public sector lenders, corporation bank was the one to get the highest round of capital infusion with Rs. 9,086 crore of funding followed by Allahabad Bank with Rs. 6,896 crore. The funding will help them to build a strong growth in their working capital and a scope of improvement in its banking services to meet the demands of the customers.
2019-02-20 : SBI launches Sahyog and Sampark programme for SMEs in Meerut
State Bank of India (SBI) has announced the launch of a 100-day campaign in the city Meerut for SMEs as well as MSMEs in the region. The SBI Chairman has also distributed 59 loan sanction letters to SMEs and MSMEs amounting to Rs. 14.54 crore during the campaign. In addition to this, the bank also has plans to further develop alternative loan options to facilitate the requirement of MSMEs.
2019-02-15 : Banks step up lending to the corporate sector
The lenders including SBI, PNB and ICICI Bank are planning to increase their lending to the corporate sectors. SBI has reported a 20.67% growth in total corporate lending at Rs. 7.74 lakh crore as against Rs. 6.42 lakh crore in the same period last year. PNB also saw a 28% growth in medium enterprise loans, while ICICI Bank has witnessed a continued growth at 10% in domestic corporate lending, excluding restructured loans, among others.
2019-02-15 : Bajaj Finance to infuse 10,000 crores into Bajaj Housing Finance in March
Bajaj Finance is set to infuse 10,000 crores into its wholly owned mortgage lending arm Bajaj Housing Finance during the month of March 2019. The funds granted to them will help them to further expand their housing finance business. The company also has plans to strengthen its housing and business loans portfolio this year with the rise in the number of home loan disbursements.

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