Documents required to apply Bharatiya Mahila Bank ( BMB) business loan
It is possible to manage the cash flow, upgrade business equipment and grow the business by the option ofBharatiya Mahila Bank ( BMB) business loans. Each bank has specific requirements, criteria and eligibility factors. Here is the list of few banks document requirements and other details mentioned.
- Filled up loan application form
- 2 Passport Size Photo
- Copy of Income Tax PAN
- Identity Proof – Aadhaar, Passport / Driving License / Voter ID / PAN / Passport
- Residential Address Proof - Leave and License / Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
- Financial documents: Income Tax return (ITR) & profit & loss & balance sheet of last 2 years, last 6 months bank statement & business proof.
- Financial Documents: Copies of IT returns for the last two years along with the latest Bank statements for 6 months and P & L and balance sheet for last two years audited by a C.A.
- Self Employed (Private Ltd. Co. and Partnership Firms): P & L Copies of Income Tax returns for the last two years and P & L and balance sheet for last two years audited by a chartered accountant.
- Self Employed Individuals - Professionals: Copies of Income Tax returns for the last two years and Bank statements for last 6 months and – Professionals: P & L and balance sheet for last two years audited by a chartered accountant
- Self Employed Individuals - Non Professionals: P & L and balance sheet for last two years audited by a chartered accountant and Copies of Income Tax returns for the last two years and Bank statements
- Current year performance and projected turnover on letterhead of the entity
- Proof of Business Continuation
- Business Ownership[ Proof: Other Mandatory Documents such as Sole Proprietorship Declaration, Certified true copy of Memorandum & Articles of Association
- Last 3 years audited financials.