Business Loan - Eligibility & Documents Required
At Fatafat Finance, we consider providing business loans to companies that demonstrate a strong financial foundation and growth potential. To be eligible for our business loans, companies should have a consistent revenue stream, a well-defined business plan, and a positive credit history. We evaluate factors such as business profitability, industry stability, and the borrower's creditworthiness.
Business Loan Eligibility Criteria
To expedite business loan application at Fatafat Finance, please ensure you match the Eligibility criteria.
| Eligibility criteria | Requirement |
|---|---|
| KYC | PAN Card/ Aadhar card/ Residence address/ Office address |
| Income Proof | ITR/Balance sheet & profit and loss/ Bank statement |
| Annual Turnover | Form 26AS for last 3 years/ GSTR3B for 1 year |
Note: The above-mentioned Business Loan eligibility list is indicative. Additional eligibility criteria may be required during loan processing.
Required Documents for Pvt Ltd Firm
- Pancards/Adhar card of all directors
- Residential/Office Address proof
- Memorandum of Association (MOA) and Articles of Association (AOA)
- GST Registration/GST return for the past year
- 3 years ITR & Computation of income with complete financials, Balance Sheet, and audit report
- Loan details with sanction letter & Repayment schedule (If any)
Note: The above-mentioned Business Loan documents list is indicative. Additional documents may be required during loan processing.
Required Documents for Proprietorship Firm
- Pancard/Aadhar card/Photo
- 3 years complete financials with ITR & Computation of Income
- GST Registration/GST return for the past year
- Form 26 for the last 3 years
- MSME certificate
Note: The above-mentioned Business Loan documents list is indicative. Additional documents may be required during loan processing.
Required Documents for Individuals
- Pancard/Aadhar card/Photo/ID Card
- 6 months salary slips
- 12 months of banking statements from the salaried account
- 2 years Form 16
- 2 years ITR & Certificate of Incorporation
- Appointment letter/Last relieving letter
Note: The above-mentioned Business Loan documents list is indicative. Additional documents may be required during loan processing.