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jitkumar
26-07-2013, 05:52 PM
I want to apply for business loan. Which banks in India offer business loan and what are loan eligibility.

Madhura
01-08-2013, 12:03 PM
Almost all banks offer business loans.

Documents Required for Loan:
For Self Employed Persons following documents required such as -
1- Tax return documents,
2- Balance Sheet / Profit Loss Statement of the firm he owns may be required.

Source - PW.com (http://www.policywala.com/forum/showthread.php/399-Documents-for-Loan)

Master
01-08-2013, 01:08 PM
You also need to submit following documents in addition to the above documents -
1- Documents Required Proof of Identity (Passport Copy/ Voters ID card/ Driving Licence).
2- Address Proof (Ration card Tel/elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate)
3- Bank Statements (latest 6 months bank statement /passbook)

Ishithanupur
05-06-2017, 04:13 PM
Age Limit should be minimum 21 Yrs and Max. 65 yrs, Income: Business should be profit making at least for the past 2 years.