Business Loan in India

Discover the complete list of documents required for a business loan in India. Learn eligibility, essential paperwork, and how MyFinFlow helps you get quick approval with minimal documentation.

Apply Now

Business Loan in India: Documents Required & How MyFinFlow Helps You Get Approved Faster :

Running a business requires constant cash flow—whether it’s for expansion, inventory purchase, working capital, or equipment. A business loan is one of the fastest ways to secure funds and keep your business growing.

But before lenders approve your loan, they evaluate your documents to verify stability, income, and repayment capacity.

Here’s a complete and simple guide to the documents required for a business loan in India and how MyFinFlow makes the process smoother and quicker.

Documents Required for a Business Loan in India

1. Identity Proof of Owner/Partners

You can submit any of the following:

Aadhaar Card

PAN Card

Passport

Voter ID

Driving License

2. Business Address Proof

Lenders require proof of where your business operates:

Lease agreement

Utility bill

Business registration certificate

Shop & Establishment certificate

3. Business Registration Documents

Documents depend on the type of business:

GST registration

Udyam/Udyog Aadhaar

Partnership Deed (for partnership firms)

MOA/ AOA (for Pvt. Ltd. or Ltd. companies)

Certificate of Incorporation

4. Financial Documents

These help lenders assess business stability and cash flow:

Bank statements (6–12 months)

Audited financial statements

GST returns for last 1–2 years

Profit & Loss statement

Balance sheet

5. Income Tax Returns (ITR)

Most lenders ask for ITR filed for the last 1–2 years to verify revenues.

6. Proof of Business Existence

Shows how long you’ve been running the business:

Trade license

MSME registration

Shops & Establishment certificate

7. Other Documents (if applicable)

Business plan

Existing loan statements

Collateral documents (for secured business loans)

Why Choose MyFinFlow for a Business Loan?

MyFinFlow simplifies the lending journey with faster approvals and minimal documentation.

With MyFinFlow, you get:

Quick loan processing

Assistance in preparing required documents

Multiple lender options under one platform

Higher chances of approval

Expert support throughout the application

MyFinFlow ensures that your application is accurate, complete, and aligned with lender requirements—helping you secure funding faster and stress-free.

FAQs

1. Can I get a business loan with minimal documents?

Yes. Through MyFinFlow, you can apply to lenders who offer loans with simplified documentation—mainly basic KYC, bank statements, and GST returns.

2. What is the minimum business vintage required?

Most lenders require 1–2 years of business existence, but criteria vary. Some digital lenders offer loans to newer businesses as well.

3. Do I need collateral?

Not always. Many lenders offer unsecured business loans, especially for MSMEs and small businesses.

4. How long does approval take?

With proper documents, approval can take 24–72 hours, depending on the lender.