Checklist for MSME Loans
Karur Vysya Bank invites you to explore our MSME loan checklist. We understand your unique financial needs, and our comprehensive resources streamline the process, making it easier for you to manage your business requirements.
- KYC of Applicant/Guarantors (Aadhar card, Pan Card, Voter Id, etc)
- Constitution supporting documents (Partnership Deed, MOA, AOA, GSTIN etc.,)
- Udyam Registration Certificate, Copies of statutory licences, pollution certificates, other approvals if any.
- Latest three years audited financials with all the schedules, 3CB & 3CD, Notes to accounts & Provisional for last year if ABS is not finalized
- Estimated/projected financials for next two financial years in case of working capital/CMA
- Estimation/Projection for entire tenor of the loan with DSCR in case of Term loan
- Estimated Cash flow statement for 12 months in case of service providers.
- Security details like location, nature of property, copy of deed, approval details, tax paid details etc.
- Details of orders in hand (contract orders, service providing contracts, etc.,)
- Agreement details (in case of transport operates like IOCL, HPCL, etc)
- Details of plan approvals /Estimated cost of construction/ CA certified Capital infusion certificate with UDIN (in case of CRE-TL)/ Detailed project report covering all the aspects of the project. Project cost vetted by our panel valuer in case of PTL-CRE.
- Tax invoice/Chartered Engineer certificate (in case of reimbursement)
- Details of lease deed/lessee details (in case of rent fin) Copy of lease deed in case of unit operating in leased premises.
- Statement of accounts for the past 12 months for working capital, term loan and current account with other FIs.
- Details of pro-forma invoice/ quotations in case of Machinery/TLO, etc.,
- Latest sanction copy of the applicant existing banker in case of takeover.
- ITR of partners/Directors /Guarantors with their latest CA certified net worth statement.
- Other details to be obtained from the Borrower
- Business model i.e, about the business process, unit details, Capacity of unit (if manufacturing) branches/good own, manpower details, location of unit etc.\
- Profile of promoters like education, experience line of activity.
- Details of group concerns along with their latest two-year financials.