Business Loan Overdraft Documents Required

Required Documents

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What are the Documents Required for an Overdraft Business Loan?

When you apply for a Overdraft facility with a lender, it asks you to submit certain documents to check your eligibility. Although the documents required for any loan application may differ from one lending institution to another, there are some common documents that you have to submit irrespective of the lender.

At Tata Capital, we provide overdraft facility with minimum documents and easy eligibility criteria. We ask only for some basic loan documents from our customers, which include a loan application form, photo identity proof, address proof, business ownership proof, and proof of income.

Documents Required to avail a Overdraft facility?

You can avail of a Tata Capital Overdraft facility by submitting only a handful of documents. You can submit these documents directly at your nearest Tata Capital branch or upload them on our website.

KYC Documents

Under the KYC or Know Your Customer Documents, you’re required to submit a photo identity proof and an address proof of yours. These include a copy of your PAN Card along with a copy of your Aadhaar Card, Voter ID Card, Driving License, or Passport.

Business vintage proof

You’re also required to submit proof of your business ownership. It can be your Business Registration Certificate, Trade License, Establishment, GST Registration Certificate, or a certified copy of the Partnership Deed Agreement or Sole Proprietorship Declaration.

Income Proof (for loan requirement of > 10 Lacs )

You can submit your last two years’ Income Tax Returns (ITRs) and Computation of Income, last two years’ Audited Financial with Tax Audit Report, profit-loss statements of the last two years, or balance sheet (duly audited by a Chartered Accountant)

Bank Statements & GST returns

You’re also required to submit your current account bank statements and GST statements for the last six months.

Please note that this documents list is indicative. The exact documents required for business loan may vary from case to case based on our assessment program. However, the KYC documents and six-month bank statements are common documents required in each case.

How to Submit Loan Documents?

With Tata Capital, you can apply for a business loan by fulfilling simple eligibility criteria and submitting a few essential documents. You can submit your documents in any of the following ways:

1

Visit Our Branch

You can visit your nearest Tata Capital branch along with the documents required for new business loan. Our executives there will scan your documents and guide you through the entire process.

2

Online

You can upload your business loan documents online by visiting our website. You can start by applying for a business loan online and then uploading the required documents on our portal.

3

Get Doorstep Services

At Tata Capital, we provide doorstep services for the convenience of our customers. You can simply contact our customer care number and ask for the doorstep pickup of your business loan documents.

What our customers say about us

Entire Service is very professionally organised. Thanks a lot.

VIVERLY EDUCATIONAL SOCIETY

Business Loan | 15 February, 2024

I am extremely happy with the services, TATA services are world class . I am proud to be part of their services

YUVARAJ SRINIVASAN LINGAPPA

Business Loan | 08 February, 2024

Dear Tata Capital finance, your service is good.

PAC METAL INDUSTRIES

Business Loan | 03 February, 2024

Thank you for your exceptionality quick resolution to my queries! Thank you so much.

GOLDSTAR HOSPITALITY

Business Loan | 31 January, 2024

Overall experience was satisfactory…Keep up the good work!!

PAYAL VINAY BANSAL

Business Loan | 26 January, 2024

Tata capital always support me thanks to tata capital

ABDUL JALEEL

Business Loan | 23 January, 2024

Good approach and service

BACHANI VASUDEV LALCHAND

Business Loan | 18 January, 2024

Very fast and swift paperwork, smooth disbursement, really appreciate for the swift action and would love to be a part of Tata capital. Thanks Best regards Manisha Sambit Padhi

OM SAI ENTERPRISES

Business Loan | 11 January, 2024

Best service in minimum time with good support.

SIDDHANT UTTAM GHONGANE

Business Loan | 30 December, 2023

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