What is Working Capital Loan - Definition, Types, Uses & Benefits
May 6, 2025 | 4 mins read
Applying for an SME Loan requires specific documentation to establish your business’s credibility and financial stability. We assess these documents to ensure eligibility and repayment capacity. A clear understanding of the required paperwork makes the application process seamless and increases the chances of approval. Accurate and valid SME Loan documents also help speed up your loan approval.
Here are the list of Documents required for SME Loan
1. KYC Documents
Firm / Company: PAN Card | Address Proof | GST Registration Certificate (if applicable) and other applicable registrations
Proprietor / Partner / Director: PAN Card | Aadhaar Card | Electricity Bill | Rent Agreement | Index II
2. Income Documents
Income Tax Returns along with computation for latest 2 years (wherever applicable)
Profit / Loss statement and Balance Sheet for the latest 2 years (wherever applicable)
GST Returns (wherever applicable)
3. Bank Account Statement
Operative Bank Account Statement for Latest 12 months
Yes, registration is required to qualify for MSME-specific loan benefits.
business's and MSMEs can get a loan of up to ₹ 75 Lakh with L&T Finance.
Generally, businesses must be operational for atleast 3 years, but requirements may differ based on the lender.
No, there is no application fee but other charges apply.
Longer tenures reduce monthly EMIs but increase the total interest payable over the loan period.
L&T Finance offers loan amounts starting from ₹ 7 Lakh to ₹ 75 Lakh*, depending on your business profile.
Audited financials strengthen your application, but you can apply for an business loan without audited financial statements.
Yes, the formula remains the same but the inputs like interest rates and tenures may vary by loan type.
Yes, applicable taxes like GST may be added to processing fees and other charges.
Yes, most lenders require ITRs to assess financial stability. However, specific requirements may vary by lender.
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