Checklist of Documents Required for Business Loan
The documentation requirements for business loans are minimal. You only need to provide the following documents to our representative.
Identity proof
Aadhaar Card
PAN Card
Passport Birth Certificate
10th Class Mark sheet
Bank Passbook
Driving License
Address proof
Bank Passbook
Voter’s ID
Ration Card
Passport
Utility bills (Telephone Bill, Electricity Bill, Water Bill, Gas Bill
LIC Policy Receipt
Letter from a recognized public authority verifying the customer’s address.
Financial documents
For Salaried Individuals: Form 16
Certified letter from Employer
Payslip of last 2 months
Increment or Promotion letter
IT returns of past 3 years
Apart from the proof of income of the salaried individual, he would also have to furnish any investment proofs (like fixed deposits, shares, etc) and his passport-size photographs.
Self Employed: Income Tax Returns (ITR) of last 3 years
Balance Sheet and Profit & Loss Account Statement of the Company/Firm (duly attested by a C.A.)
Business License Details (or any other equivalent document)
The license of Professional Practice (For Doctors, Consultants, etc.)
Registration Certified of Establishment (For Shops, Factories & Other Establishments)
Proof of Business Address
List of documents for Salaried Person
Proof of Identity:- Passport / Driving License / Voters ID / PAN Card (anyone).
Proof of Residence:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (anyone).
Latest 3 Months Bank Statement (where salary/income is credited).
Salary slips for the last 3 months.
2 Passport Size photographs.
TFL Limited provides Education Loans for students looking to study in India and abroad. You can get a loan starting from Rs. 50,000 at attractive interest rates. Find out the business loan eligibility criteria for availing a TFSL
Rate of interest is 5.75%
File Charges 3880.00/- (Security Amount) will be refunded three thousand with the loan amount & DOCUMENTARY FEES:- 880/-(NON- REFUNDABLE) & Rate of interest is 5.75%.
