Business Loan

Documents for Address Proof:

1. Bank Passbook
2. Voter’s ID
3. Ration Card
4. Passport
5. Utility Bills (e.g., Telephone, Electricity, Water, Gas)
6. LIC Policy Receipt
7. Letter from a recognized public authority verifying the customer’s address

For Salaried Individuals:

1. Form 16 – Income certificate from the employer.
2. Certified Letter from Employer – A letter confirming employment details.
3. Payslips – Last 2 months' payslips.
4. Increment or Promotion Letter – Letter confirming any salary increase or promotion.
5. IT Returns – Income Tax Returns for the last 3 years.
6. Investment Proofs – Documents for investments like fixed deposits, shares, etc.
7. Passport-sized Photographs – Recent passport-size photos.

For Self-Employed Individuals:

1. Income Tax Returns (ITR) – ITR documents for the last 3 years.
2. Balance Sheet and Profit & Loss Account Statement – Attested by a Chartered Accountant (C.A.).
3. Business License Details – Relevant business license or any equivalent document.
4. License for Professional Practice – For professionals like doctors, consultants, etc.
5. Registration Certificate of Establishment – For shops, factories, or other business establishments.
6. Proof of Business Address – Document verifying the business location.

For Salaried Individuals:

1. Form 16 – A certificate provided by the employer for income verification.
2. Certified Letter from Employer – A letter from the employer confirming employment details.
3. Payslips – Payslips for the last 2 months.
4. Increment or Promotion Letter – A letter confirming any salary increment or promotion.
5. IT Returns – Income Tax Returns for the past 3 years.
6. Investment Proofs – Documents proving investments (e.g., fixed deposits, shares).
7. Passport-sized Photographs – Recent passport-sized photos.

For Self-Employed Individuals:

1. Income Tax Returns (ITR) – ITR documents for the last 3 years.
2. Balance Sheet and Profit & Loss Account Statement – Duly attested by a Chartered Accountant (C.A.).
3. Business License – Relevant business license or equivalent documents.
4. License for Professional Practice – For professionals like doctors, consultants, etc.
5. Registration Certificate of Establishment – For shops, factories, or other establishments.
6. Proof of Business Address – Document verifying the business location.

Documents Required for Loan Application:

1. Proof of Identity:

   • Passport
   • Driving License
   • Voter's ID
   • PAN Card (any one)

2. Proof of Residence:

   • Leave and License Agreement
   • Utility Bill (not more than 3 months old)
   • Passport (any one)

3. Latest 3 Months Bank Statement – Where salary/income is credited.

4. Salary Slips – For the last 3 months.

5. 2 Passport-size Photographs

IMFL Education Loans:

• Loans starting from ₹50,000 for students planning to study in India or abroad.
• Attractive interest rates available.

Charges:

• File Charges: ₹3720.00 (Security amount; ₹3000 will be refunded with the loan amount).
• Documentary Fees: ₹720.00 (Non-refundable).
• Male/Female Candidate Interest Rate :- 6.25 Flat Per Annum