Business Loan in Mumbai

Documents

Here is the list of documents for business loan Axis Bank:

• KYC proof: Aadhaar Card, Ration Card, Voter ID, Driving Licence
• Financial proof: auditing report, bank account statement for last six months
• PAN Card/Form 60
• Duly filled and signed application form
• Business proof: Registration certificate, GST certificate, proof of business continuation

Eligibility

• Individuals with a minimum of 21 years of age (with business registration)
• Proprietorship Firm
• Partnership
• Limited Liability Partnership
• Pvt ltd Companies
• Unlisted Public Ltd. Companies
• Trust & Societies (for educational institutes / Hospitals)

Documents

KYC Proof

• Passport / Voters ID card/ Driving License/PAN Card/ Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate
• Bank Account Statement (latest 12 months)
• Proof of continuation (ITR/ Trade license /Establishment /Sales Tax certificate)
• Income Tax/GSTR/ Sales tax returns.
• Audited/Unaudited financial statements as applicable for the past two years, in the case of existing units
• Projected financial statements
• Copy of license/NOC from local body or license from the competent authority for running the business

Eligibility

• Individuals with a minimum of 21 years of age (with business registration)
• Proprietorship Firm
• Partnership
• Limited Liability Partnership
• Pvt ltd Companies
• Unlisted Public Ltd. Companies
• Trust & Societies (for educational institutes / Hospitals)

Documents

• PAN Card – For Company/Firm/Individual
• Identity proof: Aadhaar Card, Passport, Voter's ID Card, PAN Card, Driving License
• Address proof: Aadhaar Card, Passport, Voter's ID Card, Driving License
• Bank statement for the previous six months
• Latest ITR along with computation of income, Balance Sheet, and Profit & Loss account for the previous two years, after being CA Certified/Audited.
• Proof of continuation (ITR/Trade license/Establishment/Sales Tax Certificate)
• Other Mandatory Documents [Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)]

Eligibility

The following people are eligible to apply for a Business Loan

• Self-employed individuals
• Proprietors, Private Ltd. Co.
• Partnership Firms involved in the business of Manufacturing, Trading, or Services.
• The business turnover: Minimum Rs. 40 lakhs
• Experience: Minimum 3 - 5 years.
• Those whose business has been a profit-making for the previous two years
• The Business Annual Income: Minimal Rs. 1.5 lakhs
• Age: 21 - 60 years

Documents

• ID and Address proof documents.
• PAN and Aadhaar Card
• Bank account details of the applicant
• ITR of the last three years
• Proof of Experience
• Business registration documents
• Registration certificate of business as SME
• Copy of sales tax returns
• Sector-specific licenses, if any

Eligibility

• Sole Proprietorship Firms, Partnership Firms, Private Limited Companies, Public Limited Companies
• Age: Between 25 and 55 years
• Experience: minimum business experience of 3 years

Documents

• Identity proof :PAN Card/Driving License/ Passport/ Voter's ID/ Aadhaar Card
• Address Proof: Passport/Driving License/Voter's ID/Aadhaar Card/Utility Bill/Bank Statement/Bank Account Passbook (Updated and no more than 3 months old)
• Ownership proof: Agreement Copy / Electricity Bill / Maintenance Bill with share certificate / Municipal tax bill/Share certificate
• Business continuity proof: Shop and Establishment Certificate/Tax registrations-VAT/Service tax/GST registrations
• Firm Constitution: MOA/Partner Ship Deed/GST Registration Certificate
• As per Program - Financial
• Latest two years' financials statement.
• Latest Tax Audit Report.
• Banking: Last six months' bank statement (Business Accounts)

Eligibility

• The applicant has to be in business for the last 3 years
• Minimum BUsiness turnover of Rs.40 Lakhs
• The business must have generated profit for a minimum of 1 year
• The applicant should be a Sole Proprietor / Partnership firm / Private Ltd Co. / Trust / LLP involved in the business of Manufacturing, Trading, or Services
• Age: 25 - 60 years