Documents Required for Business Loan

Document Checklist by Loan Type

ITR, The most critical document

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.

GST returns, what banks look for

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