Retail Business Loan

Submit only a few documents to apply for a business loan your retail business. Following is a list of the essential documents:

• Business plan: A clear and detailed plan that explains your retail business goals, the market you serve, what you sell, and your expected earnings and expenses.
• Proof of business registration: Papers that show your business is officially registered—this can include your business licence, shop registration, or certificate of incorporation.
• Financial statements: Recent financial documents like your profit and loss statement, balance sheet, and cash flow report. These show how well your retail business is doing financially.
• Bank statements: Usually, you will need to give 6 to 12 months of bank statements. These help the lender understand your cash flow, how often you make transactions, and your average bank balance.
• Tax returns: Copies of your personal and business income tax returns from the last few years to show your income and tax history.
• Sales and Inventory Records: Sales reports, bills, purchase receipts, and inventory lists that show how well your products are selling and how you manage your stock.
• Collateral documents: If you are offering security (collateral) for the loan, you may need to share documents like property papers, vehicle ownership papers, or an itemised list of inventory.
• Personal ID proof: Valid identity documents like your Aadhaar card, PAN card, passport, or driving licence to confirm who you are.
• Business licences and permits: Any licences or approvals needed for your type of retail business—like a shop and establishment licence, GST registration, or health department clearance.
• Credit reports (personal and business): Credit history reports for both you and your business, so lenders can check how well you’ve repaid past loans or credit.

• Click on the ‘CHECK ELIGIBILITY' button on this page.
• Enter your 10-digit mobile number and OTP.
• Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
• Once you enter all your details, please click on ‘PROCEED’ to visit the loan selection page.
• Enter the loan amount that you need. Choose from our three business loan variants – Term, Flexi Term, and Flexi Hybrid Term. 
• Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘PROCEED’. 
• Complete your KYC and submit your business loan application.

For self-employed individuals looking for financial assistance, you may also consider applying for a personal loan for self-employed to fulfill your financial needs.