Any Purpose Business Loan

Purpose of this loan is to meet any financial need of different small & medium enterprise.

Basic Information

Eligibility

• Any successful enterprise which have minimum 2 years in same or relevant business experience can apply for loan.
• Business income needs to support the proposed loan Installment.
• Need bank account in the name of enterprise or the entrepreneur.

List of some banks which have Any Purpose Business Loan product

Required Documents

• Passport size photograph of loan applicant
• Trade license
• TIN certificate
• VAT certificate (if applicable)
• Electricity Bill
• Telephone Bill
• List and total price of fixed asset
• List of creditors
• List of debtors
• Names of employees, salary, post and monthly salary sheet
• Last 1-3 years bank statement
• One year sales report and profit & loss account of the business
• Completed CIB form
• Current customers/clients list
• Photocopy of partnership deed registered with registrar of firm duly attested by notary public (for partnership firm)
• Photocopy of registration certificate duly attested by Notary Public in case of registered firm (for partnership firm)
• Letter of partnership duly signed by all the partners, in case of non-registered firm (for partnership firm)
• Resolution signed by all the partners to open the A/C (for partnership firm)
• Other documents as per bank requirement  & nature of business