Know the Documents Required for Loan Against Receivables

Sr. No.	Documents
1	Twelve months' Audited Credit Card Sales Statement
2	Basic Financial Documentation
3	Application form and request for loan letter on the Merchant's letterhead, duly stamped and signed
4	Partnership Deed in case of a partnership firm, Memorandum and Articles of Association with Certificate of Incorporation in case of a Company
5	Latest Annual Returns which confirms the list of Directors in case of Private and Public Limited Companies. Audited credit card sales statement giving monthly break-up for a 12-month period on the Chartered Accountant's(CA's) letterhead. The CA auditing this statement should be the statutory auditor of the firm and needs to be the same as that on the latest financials as performed enclosed.
6	Audited financials of the business for the last two financial years. For small merchant establishments that are not required to prepare auditedfinancial statements, Income Tax Returns will be accepted instead.
7	Net Worth Statement and 6 months' Business Statement
8	Individual Income Tax Returns of proprietor/partners/directors (promoters) for the last year
9	Copy of proof of identification and proof of address details

Frequently Asked Questions

Can I get any benefit if I am an existing Kotak Bank current account or savings account customer?

Yes. We offer preferential interest rate, faster processing & doorstep service to existing bank customers while taking our business loan.

Pricing may vary depending upon the credit worthiness and other risk parameters of the borrower

What is the minimum turnover requirement for a Business Loan?

For availing Kotak’s business loan, the minimum turnover required is Rs.40 Lakhs.

Which entities can avail a business loan?

Our business loan is for Manufactures, Traders, Self-employed professionals, Restaurants, Hospitals, etc.

Is part payment allowed in a business loan?

No, part payment is not allowed for business loans.

What is the minimum and maximum loan limit offered for a business loan?

Kotak Business Loans range from Rs.3 lakhs to Rs.1 crore. We also offer loans against credit card receivables (FCCR) with a maximum loan amount of Rs.3 crore.

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Facility Against Credit Card Receivables

Be ready with following documents while opening this account

Open a Current Account

Frequently Asked Questions

Can I get any benefit if I am an existing Kotak Bank current account or savings account customer?

What is the minimum turnover requirement for a Business Loan?

Which entities can avail a business loan?

Is part payment allowed in a business loan?

What is the minimum and maximum loan limit offered for a business loan?

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Current Account

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Facility Against Credit Card Receivables

Be ready with following documents while opening this account

Open a Current Account

Frequently Asked Questions

Can I get any benefit if I am an existing Kotak Bank current account or savings account customer?

What is the minimum turnover requirement for a Business Loan?

Which entities can avail a business loan?

Is part payment allowed in a business loan?

What is the minimum and maximum loan limit offered for a business loan?

Related Products

Loan Against Property

Current Account

Privy League

Key things to consider while taking a business loan