BUSINESS LOAN IN DELHI NCR NOIDA GURGAON
Businesses require an adequate amount of capital to fund startup expenses or pay for expansions. As such, individuals or companies take out business loans to gain the financial assistance they need. A business loan is a debt that the individual or company is obligated to repay according to the loan’s terms and conditions.
HOW DOES IT WORK?
Business loan in Delhi NCR Noida Gurgaon work just like any other loan — the borrower and the lender agree on an interest rate and a payment schedule, and sign a promissory note that sets out the agreement in writing. The lender may require the borrower to provide security for the loan, such as home or other valuable personal property that the lender can take if the borrower fails to repay the loan.
DOCUMENTS REQUIRED FOR BUSINESS LOAN
|Proof of identity||Passport or Voter’s ID card or driving license or PAN card or government department ID card||Passport or Voter’s ID card or driving license or PAN card|
|Latest salary slip showing all deductions or Form 16 along with recent salary certificate||IT returns for the last 2 years and computation of income for the last 2 years certified by a CA|
|Proof of residence||Bank account statement or latest electricity bill or latest mobile or telephone bill or latest credit card statement or existing house lease agreement||Bank account statement or latest electricity bill or latest mobile or telephone bill or latest credit card statement or existing house lease agreement|
|Bank statement or Pass Book where salary or income is credited||Last 6 months||Last 6 months|
|Other Documents||Copy of admission letter of the Institute along with Fees schedule, mark sheets / pass certificates of S.S.C, H.S.C , Degree courses||Copy of admission letter of the Institute along with Fees schedule, mark sheets / pass certificates of S.S.C, H.S.C , Degree courses|
LIST OF DOCUMENTS FOR SELF-EMPLOYED
- KYC Document : Proof of Identity, Address proof, DOB proof.
- Proof of Residence: Aadhar card ,Phone Bill etc / Utility Bill (not more than 3 months old) / Passport (any one).
- Income proof (audited financials for the last two years).
- Latest 6 months Bank statement.
- Office address proof.
- Proof of residence or office ownership.
- Proof of continuity of business.