Documents required to apply BOI- Bank of India business loan

It is possible to manage the cash flow, upgrade business equipment and grow the business by the option ofBOI- Bank of India 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.
  • Allahabad Bank