DOCUMENT ATTAINMENT CHECKLIST
| Document Category | Mandatory Papers |
|---|---|
| Identity & Address | PAN Card, Aadhaar Card, Passport/Voter ID of Promoters |
| Business Entity Proof | Udyam Certificate, GST Certificate, Shop Act / Partnership Deed / MOA |
| Financial Track Record | Last 12 Months Bank Statements (All operational current accounts) |
| Tax Records | Latest 2-3 Years ITR with Computation, Balance Sheet & Audit Reports |
Applying for a business loan requires presenting a clear, transparent, and verifiable financial record to the lender. Having your documentation organized in advance drastically accelerates underwriting clearance and prevents delays.
📑 Comprehensive Underwriting Document Checklist
1. Promoter and Business Identity Records
- KYC of Promoters: PAN Card, Aadhaar Card, Passport-size photographs, and residential address proof of all partners or directors.
- Business Legal Constitution: Shop & Establishment Certificate, Udyam Registration Certificate, GST Certificate, and Partnership Deed or Certificate of Incorporation (with MOA/AOA).
2. Financial and Banking Records
- Bank Statements: Last 12 months comprehensive bank statements for all active business current accounts and major personal accounts.
- Active Liability Details: Statements for any existing business loans, overdraft lines, or machinery credit facilities currently outstanding.
3. Tax Compliance and Audited Financials
- Income Tax Filings: Last 2 to 3 financial years' Income Tax Returns (ITR) with full computation sheets, Profit & Loss statements, and audited Balance Sheets certified by a Chartered Accountant.
- GST Filing Track Record: GSTR-1 and GSTR-3B filed returns for the last 12 months to verify top-line turnover velocity.
4. Project Viability Reports (For Capital Expansion)
If you are applying for expansion capital or a long-term loan, you must provide a detailed project report:
- A clear breakdown explaining exactly how the loan proceeds will be used.
- Three years of forward-looking financial projections detailing your estimated sales growth, expected expenses, and net profit margins.