• Loan Limit: Maximum Upto Rs.90 Thousand Lacs.
• Repayment : On demand. (Renewable yearly)
• Rate of Interest: Attractive rate of Interest.
• Margin: 20%
• Interest Calculation: Interest calculation on daily reducing balance.
• Purpose: To meet working capital Requirement.
• Guarantors: Min Two Guarantors acceptable to bank.
• Condition: The turnover in cash credit a/c must be more than 5 time of sanctioned limit
• CERSAI, Franking Charges, Property Valuation, Search & mortgage Fess as applicable
Applicant:
• Loan application
• PAN Card, Address Proof, latest Photograph, of the Applicant and Guarantors.
• All property Related Documents.
In case of Businessman :
• Proof of Business (Shop Act, Food & Drugs License etc. as per applicability)
• Last 3 years ITR, P&L A/C, Balance sheet
• Last 6 months bank statement of business
Insurance:
• Insurance cover of Stock, Shop, factory, Plant & Machinery, Furniture & Fixtures and Immovable Property as per bank’s policy.
• Any other documents as required by the bank at later stage.