Documents Required - Star Finance

Documents Required for Business Loan

Proof of Identity with full Date of Birth (Any One)

Provide Bank statements from all banks for the last six months up to the current date
Last 6 Months GST 3B
Full set of IT papers for the last two years
Company directions pan card and Aadhar Card
Company Profile
Company MOU
All Documents should be provided in pdf format

Identity proof is required to verify the applicant’s personal details and establish authenticity during the loan application process.

Address proof is required to confirm the applicant’s current residential or businessaddress.Submitted documents should clearly readable

Business proof documents establish the legal existence and nature of the business. These documents help lenders understand.

Financial documents are required to assess the business’s financial health, cash flow, and repayment capacity.

KYC documents are mandatory for verifying the identity and credentials of the business owners.

Additional documents may be requested based on the loan type, amount, or lender’s policy. These documents

FAQ section for Business Loans

1 What is a business loan?: A business loan is a financial facility provided to entrepreneurs, startups, and established businesses to meet working capital needs, expand operations, purchase equipment, or manage day-to-day expenses.
2 Who is eligible to apply for a business loan?: Salaried individuals, self-employed professionals, proprietors, partnerships, and private limited companies with a stable income and valid business registration can apply, subject to lender criteria.
3 What documents are required for a business loan?: Applicants need to submit identity proof, address proof, business registration documents, financial statements, bank statements, and KYC documents of owners or directors.
4 How long does it take to get a business loan approved?: Approval time depends on document submission and eligibility. In most cases, loans are approved within a few working days after successful verification.
5 Is collateral required for a business loan?: Collateral is not required for unsecured business loans. Secured loans may require property or asset documents depending on the loan amount and lender policy.
6 What loan amount can I apply for?: The loan amount depends on business turnover, financial records, credit score, and repayment capacity. Higher eligibility may be available for established businesses.