Professional practice loans and depository relationships are very attractive for community banks/financial institutions. The businesses provide the lender and the customer with mutual advantage which include attractive pricing and terms for the professional practice and for the bank a historically stable borrower with multiple depository relationships, goods balances, and lower risk loans.

Many professionals continue to rely on the large financial institutions and private brokers throughout the country, but it is my belief that once you work with a local community bank, you will see the hands on service, the community of knowing who to talk to and who will get the job done for you. This many times comes with more flexibility and better pricing than you may see at large institutions.

Representatives of banks, credit unions and other financial institutions that find and assists borrowers in acquiring loans. Some specialized loan officers, called loan underwriters, analyze and assess the credit worthiness of potential borrowers to see if they qualify for a loan. Loan officers usually work on either consumer or mortgage loans.

Documents you will need to submit:

• Qualification proof of the highest professional degree.
• PAN Card – For Company /Firm/ individual.
• Proof of your identity: Copy of Aadhaar Card/Passport/Voter’s ID card/driving license.
• Proof of your address: Copy of Aadhaar Card/Telephone bill/Electricity bill/Passport.
• Bank Statement (latest 6 months)
• Latest ITR along with computation of income, Balance sheet and Profit & Loss a/c for the last 2 years. Financial should be CA Certified/Audited.
• Proof of continuation (ITR/Trade license /Establishment /Sales Tax certificate)
• Other Mandatory Documents (Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original).