What Are the Documents Required to Apply for Unsecured Cash Credit (CC) and Overdraft (OD) Loans?

Submitting proper documentation is vital for a strong loan application, ensuring a smoother approval process. While specific requirements may vary from bank to bank, understanding the common documents needed can help you prepare effectively.

Financial Documents

• Audited financial statements for the last three years
• Income tax returns for the last three years
• Bank statements for the past six months
• Profit and loss statements
• Balance sheet
• Cash flow statements

Business Documents

• Business plan or project report
• Sales and purchase invoices
• GST returns
• Loan application form
• Details of existing loans (if any)
• Proof of business continuity for a minimum of three years

KYC Documents

• Identity proof (Aadhaar card, PAN card, passport, etc.)
• Address proof (utility bills, rental agreement, etc.)
• Photographs of directors/promoters
• Business registration documents
• Partnership deed or memorandum of association (MOA) and articles of association (AOA)

Capflow is dedicated to helping businesses raise loans efficiently. Our expertise in unsecured cash credit (CC) and overdraft (OD) loans ensures that you receive the guidance needed to compile a strong loan application. To get started, contact us by clicking on the "Get in Touch" button on the top right corner of the screen.

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