What are the documents one needs for getting a business loan?

It is important that you have your documents in order to avail of any loan, and a business loan is no different.

Here are some key documents that you need to submit to a lender to take a business loan:

· Last three years’ Income Tax Return (ITR) statements

· Bank account statements

· Residence proof of applicant

· Recent photographs of applicants

· Business proof

· Applicable certification related to practice

· Proof of ownership of the possessions which are used for business purposes

· Identity proofs such as Aadhar Card, Voter ID Card, PAN Card, Company registration certificate, etc.

·KYC documents of the co-applicant (if applicable). In case business loan for women is the category of choice, proof of majority ownership by the woman needs to be provided by the investor.