Documents Required for Business Loan

Document Checklist by Loan Type

Working Capital Loan / OD

☑Aadhaar & PAN (all directors/partners)

☑Business PAN card

☑Last 2 years ITR with computation

☑Last 2 years audited P&L and Balance Sheet

☑12 months current account bank statement

☑GST registration certificate

☑GST returns (last 12 months — GSTR-3B)

☑Business registration proof (Udyam / Shop Act / MOA)

☑Business address proof (electricity bill or lease)

Term Loan (Machinery / Expansion)

☑All above documents

☑Machinery quotation / purchase invoice

☑Projected financials for 3 years

☑Business continuity proof (2+ years vintage)

☑6 months personal bank statement of promoter

☑IT returns of last 3 years (for loans > ₹25L)

MSME / Mudra Loan (< ₹10L)

☑Aadhaar & PAN card

☑Udyam registration certificate

☑6 months bank statement

☑Proof of business activity (invoice, purchase order)

☑Address proof of business premises

☑Passport-size photograph

CC / OD Against Property

☑All standard business documents

☑Property title deed (original)

☑Encumbrance certificate (EC) — last 13 years

☑Latest property tax receipt

☑Building plan approval

☑NOC from existing lender (if applicable)

Banks assess your repayment capacity based on your declared income in the ITR. Key points:

Most banks require last 2–3 years ITR (individual + business). File before applying.
ITR must show consistent or growing income for best approval chances.
If you have not filed ITR, you may still qualify under banking surrogate programs based on bank statement turnover.
For Mudra loans (< ₹10L), some lenders accept Aadhaar + bank statement without ITR.