Loan Executive

we are hiring business loan process .

• 📌 Business Loan Process (Step-by-Step)1. Determine Your Loan RequirementPurpose of loan (Working capital, machinery, expansion, inventory, etc.)
• Amount required
• Loan type (Term Loan / OD / CC / MSME Loan)

2. Check EligibilityBanks/NBFCs usually check:

• Business vintage (Generally 1–3 years)
• Annual turnover
• ITR filed for last 1–2 years
• CIBIL score (Applicant & Business)
• GST returns
• Existing loan obligations

3. Prepare Required DocumentsCommon documents include:

• Business DocumentsGST Certificate
• Udyam Registration
• Business registration (Partnership deed / ROC documents)
• Latest GST returns (6–12 months)
• Business bank statements (6–12 months)
• Financial DocumentsITR (1–3 years)
• Balance sheet & P&L
• Sales reports
• Personal DocumentsPAN & Aadhaar
• Address proof
• Photograph

4. Apply for the LoanOptions:

• Visit bank/NBFC physically
• Apply online through lender’s portal
• Through a loan agent/DSA

The lender will:

• Collect documents
• Check credit score
• Verify business turnover

5. Verification & AssessmentBank does:

• Tele-verification
• Field verification (site visit)
• Check banking behaviour
• Assess repayment capacity
• Evaluate collateral (if secured loan)