Indian Overseas Bank Business Loan

Indian Overseas Bank

Features    

  • Multiple options for business loan
  • Loan available upto Rs. 2 crores
  • Competitive interest rates.
  • Lowest processing fee

Documents Required

  • Duly-filled loan application.
  • A passport-sized photograph of each of applicant and co-applicant
  • IT Returns, Audited Profit and Loss Account statement and Balance Sheet for the last 2 years along with bank statement of the primary current account for the last 6 months, business proof, latest year provisional and sundry creditors and debtors list.
  • Bank account statements for the last 6 months.
  • Address proof of individual: Aadhar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement, utility bills.
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhar Card, Voter’s ID Card
  • Partnership deed/ Memorandum of Association (MOA) and Articles of Association (AOA) /License issued under the Shops and Establishments Act of the respective states for business proof.
  • Additional documents are asked by the company.

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