Loan comparison of ICICI Bank Business Loan vs IDFC First Bank Business Loan

1. ID proof: PAN, Aadhaar, passport

2. Business proof: GST registration, trade license

3. Financial documents: Balance sheet, profit/loss statement, income tax returns

4. Address proof: Utility bills, rent agreement

5. Other documents: Business plan, loan application form

Photo identity and Address proof: As per RBI defined KYC guidelines. Ownership proof of office or residence

Business Proof: Shop Act License/MOA & AOA/GST registration/ITR, Partnership Deed, Udyam Certificate

Any one of the additional documents based on the selected variant

Banking scheme - Last 2 years’ ITR document and last 6 months’ bank statement

GST Returns scheme - Last 6 months’ bank statement, GST returns for the last 12 months, latest ITR and computation, Obligation details, and Banking facility sanction letter

Income scheme- Last 2 years’ ITR & computation, last 2 years’ audited PnL & Balance sheet, last 6 months’ Bank statements, Obligation details