Ezmyloans || Loans

Bank Overdraft

Bank overdraft is a facility provided by banks to their customers by establishing a limit. The best part of the loan is that interest is only charged on the amount used, and the limit is normally defined by the respective banks based on the customer relationship. There are both secured and unsecured loans available.

Essentials

Eligibility Criteria

Eligibility criteria are based on a variety of parameters such as the individual's age, payback history, monthly wage or business sales/turnover, total work experience, and creditworthiness, among others.

Applicants should be between the ages of 22 and 60.
A minimum monthly income of ₹30,000 is required.
At least 2 years of total work experience is required.
Minimum 1 year of experience with the current organization.

Documents Required

Individual

Two Photographs
PAN Card Copy
Aadhaar Card and Passport
Address Proof – If rented, also provide permanent address proof
Last 3 Years Form-16 with Computation of Income (if filed)
Last 1 Year Bank Statement – Salary Account
Loan Schedule and Sanction Letter (if any loan is running)
Complete Property Papers with Chain, Map, and ATS
Processing Fee Cheque in favour of the bank
Last 3 Months’ Salary Slips and Appointment Letter

Proprietary firm

Photographs (Both)
Clear PAN Card Copy – Proprietor
Address Proof – Proprietor (Passport, Voter ID Card)
Office Address Proof – Latest (Electricity Bill, Telephone Bill)
Firm Registration Certificates & GST Registration Copy
Last 1 Year GST Return Copy
Firm's Last 3 Years ITR – Computation, Profit & Loss A/C, Balance Sheet, Tax Audit Report, All Schedules & Annexures
Provisional Financials for AY 2023–24
Bank Accounts – Current, CC, OD (Last 1 Year Updated)
6 Months Savings Account Statement – Proprietor
If any loan is running – Sanction Letter and Repayment Schedule
Agreement to Sell Copy
Property Papers – With Complete Chain and Sanctioned Map

Partnership Firm LLP

Photographs of all Partners
PAN Card – Company and all Partners
Address Proof – All Partners (Passport, Voter ID Card, PAN, Aadhaar)
Firm Address Proof – Latest utility bill
Partnership Deed Copy
GST Certificate
GST Return – Last 1 Year
3 Years Company ITR, COI, Profit & Loss A/C, Balance Sheet, Audit Report (3CB & 3CD), all Annexures and Schedules, CA Certified
Provisional Financials for AY 2023–24
3 Years Individual ITRs and Computation – All Partners
Firm’s All Bank Account Statements – Last 1 Year Updated
All Partners’ Savings Account Statements – Last 6 Months
If any loan is running – Latest Sanction Letter and Track Record or Repayment Schedule
Agreement to Sell Copy
Property Papers – Complete Chain with Sanctioned Map

PVT LTD

All Directors’ Photographs
Clear PAN Card – Company and all Directors
Address Proof – Company and all Directors
List of Directors and Shareholders – CA Certified as on date
Memorandum, Order in Hand, and Complete Copy (if applicable)
GST, Sales Tax, VAT, and SSI Registration Certificates
GST Returns – Last 1 Year
All Directors’ Individual ITRs and Computation – Last 3 Years
Last 3 Years Company Financials – With Tax Audit Report and Annexures
Provisional Financials for Last FY or Month-wise Sales Figures for the Last 1 Year
Company Bank Account Statements – Last 1 Year Updated
All Directors’ Savings Account Statements – Last 6 Months
If any loan is running – Latest Sanction Letter and Repayment Schedule
Agreement to Sell Copy
Property Papers – Complete Chain with Sanctioned Map