Document Required For Applying Loan And Loan Rates

Document Required For Applying Loan And Loan Rates

At the online platform, people get a little confused about which type of document they have to share. And their document picture is safe or not. So for that, you have to look for a trusted website or app where you can ask for financial services and loans. If you are looking for a site where you can get many benefits according to the types of loan you want, then visit this site https://kreditus.eu/lt/paskolu-palyginimas/greitieji-kreditai. They are one of the best financial and loan services websites where you can do everything without thinking much. They provide full customer support services whenever you get stuck. And they have mentioned which type of document photo you have to share. Below are some documents which every site will ask for before getting a loan.

Loan Credit

1. Your application form signed

2. Your PAN or identity proof

3. Your residential proof

4. Last 2 years of ITRs

5. Your profit and loss account, balance sheet by a CA

6. Last 12 months of the bank account statement of your business

7. Any certificate and proof of your company existence

8. Your profile and reputation

9. Office address proof

These are some of the documents which are usually asked for when you apply for a business loan. And don’t forget one thing that there are three factors which affect the loan interest rate: that is higher loan amount then lower will be the rate of interest, higher the business sales then lesser will be the interest rate and longer time in business which can avail you the loan at lower rates.

You can apply for loans in many ways as it’s up to you, that you want to visit the bank branch or go online.

Business loan rates are the rate that is on the business loan that depends upon the type of business. The loan amount that you have applied and your previous relations with that bank is also one thing by which they decide the rate.

Processing fees- mostly banks charge around 2% to 3% of the processing fees on the loans you have applied for. If you want the lowest fees to pay, then the comparison of business loan rates offers as well as cash back applying online through various sites.

Insurance premium- when the loans are unsecured then it is better to take an insurance policy like life or accidental insurance by the name of the borrower when applying for a loan.

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