Bank Loan Documents Application Checklist
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What is loan application checklist?
Loan from banks or NBFCs is an important source of funding to start or expand a business. Loans can be in the form of cash credit for working capital or term loans for purchasing fixed assets.
Funding institutions require information in a particular format to process business loan applications. The bank loan application checklist consolidates the requirements of banks and NBFCs.
Takeaways from this checklist
- Consolidated list of all documents needed for bank loan application.
- All the documents at a glance to give a hassle free experience.
- Full proofed list vetted by the bankers.
Benefits of Bank Loan
Bank’s lending rates are lower than other institutions.
Works for both working capital and fixed assets loans.
Benefit from various government schemes like MUDRA, Stand up, PMEGP.