Documents required to apply Laxmi Vilas Bank business loan

It is possible to manage the cash flow, upgrade business equipment and grow the business by the option ofLaxmi Vilas Bank 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