Professional Loan Documents Required: Complete Checklist

Professional Loan Documents Required

A Professional Loan is a financial product designed for Company Secretary (CS) / Cost Accountant (CMA). These loans help professionals set up or expand their office, manage working capital, purchase equipment or hire staff. To apply, individuals must submit specific Professional Loan documents for verification and eligibility assessment. Having the documents required for Professional Loan in India ready ensures a faster approval process. Submitting incomplete or incorrect documents can lead to delays or loan rejection.

List of Documents Required for Professional Loan

Document Type	Documents Required
KYC - Entity	PAN Details, Entity Registration Docs (Shop Act / GST Returns / MOA / AOA / Certificate of Incorporation / Partnership Deed / LLP Agreement)
KYC - Individual	PAN Details, OVD Document (Aadhar Card / Voter ID / Driving License / Passport / Utility Bill + Rent Agreement)
Qualification Documents	Degree certificate, Certificate of Membership, Certificate of Practice
Income Documents	Latest 2 years – Audited Financial Statements, Income Tax Returns, Tax Audit Reports, 6 months GST Returns (wherever applicable)
Bank Account Statement	Operative Bank Account Statement for Last 6 months (wherever applicable)
Others Documents	Ownership Documents (Utility Bill / Sales Deed / Index II / Property Tax Receipt), Board Resolution, List of Shareholders, List of Directors

FAQs & Support

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Can a salaried person apply for a Professional Loan with L&T Finance?

No. Professional Loans at L&T Finance are exclusively provided for Company Secretary to help them in office setup, expansion, acquiring working capital, or hiring staff. Salaried individuals cannot apply.

Is minimum practicing vintage required for a Professional Loan?

Yes, a minimum practicing vintage of > 3 years is required for a Professional Loan.

What can we use a Loan to professionals for?

Professional Loans can be used for business expansion, working capital, purchase equipment and hiring staff.

What identity proof is required for a Professional Loan?

KYC documents such as an Aadhaar Card and PAN Card are required to verify identity.

What income documents are required for self-employed professionals?

The latest 2 years audited financial statements. Income Tax returns, Tax Audit reports and 6 months GST returns are required as income proof for a Professional Loan.

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