The following people are eligible to apply for a Term Loan:

∼ Individuals, proprietors, partnership firms, private or public companies, retailers, traders, or any other business owner engaged in the business of services, manufacturing products, or trading sectors.
∼ The borrower should be a minimum of 21 years of age at the time of applying for the loan and should not be older than 65 years at the time of loan maturity.

The following documents are required to apply for a Term Loan:

∼ FY23 Provisional financial
∼ Last three years Audited financials (FY-22, FY-21, FY-20): ITR with Computation, Balance Sheet, Profit & Loss with Schedule, Tax Audit Report – Form 3CB, 3CD
∼ Sanction Letter of all loans along with Schedule & updated loan sheet
∼ Last 12 months bank statements of all banks
∼ Address proof (Telephone bill or Electricity bill) – Latest (within 60 days)
∼ Udyam registration certificate
∼ Trade references: 5 Buyers & 5 Suppliers contact details along with the volumes for the last two years and 2 personal references (Friends and Relatives)
∼ GST Certificate & GST Returns since April 2022 to till date
∼ Profile of the company (History, Product, and Operation)
∼ Stock, Debtors & Creditors statement from April 2022 to till date
∼ Month-wise sales list from April 2022 to till date
∼ Projections / CMA
∼ Valuation & Legal Technical Cheque
∼ Group Company Financials and Sanction Letter (if any)
∼ Profile of the Company (History, Products, and Business)
∼ Property Papers:
 –  Sale Deed including Back Chain
 –  Map of Sanction Plan
 –  Property Tax Slips

Proprietor & Co-Applicant Documents

∼ ITR Return with Computation for the last 2 years
∼ KYC – PAN Card, Aadhaar Card
∼ Photographs of each individual

The following documents are required to apply for a Term Loan:

∼ FY-23 Provisional financial
∼ Last two years audited financials (FY-22, FY-21, FY-20): ITR and Computation, Balance Sheet, Profit & Loss A/c Schedule, Tax Audit Report – Form 3CB, 3CD
∼ Form 26AS (if any)
∼ Sanction Letter of all loans with Schedules
∼ Last 12 months bank statements of all banks
∼ Business Incorporation date proof – PAN Card
∼ Partnership Deed
∼ Udyam Registration Certificate
∼ Address proof (Telephone bill or Electricity bill) – Latest (within 60 days)
∼ Trade References: 5 Buyers and 5 Suppliers contact details with transaction volumes for the last two years, and 2 personal references (friends or relatives)
∼ GST Certificate & GST Returns from April 2022 to till date
∼ Stock, Debtors & Creditors statement from April 2022 to till date (on company letterhead)
∼ Month-wise sales list from April 2022 to till date (on company letterhead)
∼ Projections / CMA
∼ Profile of the company (History, Products, and Business)
∼ Group Company financials and Sanction Letter (if any)
∼ Valuation & Legal Technical Cheque
∼ Property Papers – Front and Back copies:
  – Sale Deed including Back Chain
  – Map of Sanction Plan
  – Property Tax Challan

Partners’ Individual Documents

∼ ITR with Computation for the last 2 years
∼ KYC – PAN Card, Aadhaar Card
∼ Photographs of each individual

The following documents are required to apply for a Term Loan:

∼ FY-23 Provisional financial
∼ Last three years audited financials (FY-22, FY-21, FY-20): ITR with Computation, Balance Sheet, Profit & Loss with Schedule, Independent Auditor’s Report & Tax Audit Report – Form 3CA & 3CD
∼ Form 26AS (if any)
∼ Sanction Letter of all loans along with Schedules & updated loan sheet
∼ Last 12 months bank statements of all banks
∼ Business Incorporation Date Proof – PAN Card
∼ MOA (Memorandum of Association), AOA (Articles of Association) + Certificate of Incorporation
∼ Udyam Registration Certificate
∼ Address Proof – Telephone bill or Electricity bill (latest within 60 days)
∼ CA-certified Net Worth Statement of Directors and Shareholders
∼ Trade References: 5 Buyers & 5 Suppliers contact details with transaction volumes for the last two years, and 2 personal references (friends or relatives)
∼ Stock, Debtors & Creditors Statement from April 2022 to till date
∼ Month-wise Sales List from April 2022 to till date
∼ Projections / CMA
∼ GST Certificate & GST Returns from April 2022 to till date
∼ Company Profile (History, Products, Business)
∼ Valuation & Legal Cheque
∼ Group Company Financials and Sanction Letter (if any)
∼ Property Papers – Front and Back Xerox:
  –  Sale Deed including last 13 years of Back Chain
  –  Map of Sanction Plan
  –  Property Tax Slips

Directors’ Documents

∼ ITR Return with Computation for the last 2 years
∼ KYC – PAN Card, Aadhaar Card
∼ Photographs of each individual

∼ 9.50% to 22% per annum

0.5% to 2% one time on the sanctioned loan amount.

The processing fee depends on the credit decision of the Financial Institution providing the sanction. At no given point does ARS Capital / its employees / partners solicit Processing Fee to be paid to our own account. This fee is directly payable to the Financial Institution.