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» Products and Services » Export Finance Unit
» General Credit Unit » Structured Finance Unit
» Lease Finance Unit » Prerequisites for a Business Loan
Prerequisites for a Business Loan
For a Limited Liability Company:
Certified true copy of Memorandum and Articles of Association of the Company
Certified true copy of Incorporation of the Company
List of names with appointments and specimen signatures of the person to operate the account and request the Bank to open Letters of Credit/Guarantee duly certified by the Chairman/Managing Director of the Company
Extract of Resolution of the Board/General Meeting of the Company for opening the account and authorization for its operation duly certified by the Chairman/Managing Director of the Company
Photographs of signatories
List of Directors with their addresses
Copy of Trade License
Other usual requisites
For a Partnership Firm:
Copy of Partnership Deed of the Firm
Photographs of signatories
List of Partners with their addresses
Copy of Trade License
Other usual requisites
For a Sole Proprietorship Firm:
Sole Proprietorship declaration
Photographs of signatories
Copy of Trade License
Other usual requisites
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