What are the documents required for commercial vehicle loan?

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Business Loan Agreement PDF

Different lenders may have different documentation requirements.

For instance, to apply for a commercial vehicle loan at Fullerton India, a self-employed individual involved in the transportation business will need the following documents:,Duly filled loan application form,Recent colored photograph,Identity proof, like voter ID card, passport, driving license or PAN card,Residence proof, like rental agreement, ration card, telephone bill, driving license, passport, electricity bill, bank statements or passbook,Age proof, like passport, PAN card, or another certificate from a statutory authority,Proof of business existence,Bank statements for the last six months,Profit and loss statement for the last three years,Balance sheet for the last three years,Income Tax Returns for the last three years (for business and self) duly certified by a Chartered Accountant,The applicants must keep digital copies of these documents ready at the time of the loan application.

Ensure that the scanned copies are in .

pdf, .

jpeg, or .

jpg formats only.

Applicants must upload these document files to complete their commercial vehicle loan application.