Mobile Application
RBI Update
Unclaim Account

Cash Credit Loan

  • Home
  • /
  • Cash Credit Loan

  1. Cash credit facility is available as a Working Capital for development of business against prime security of stock and collateral security. Trading / Manufacturing Units, Traders, Business community can avail the Cash Credit.

Applicant Details 

  1. Copy of Income tax return of last three year along with balance sheet.
  2. Provisional Balance Sheet (If required).
  3. Copy of All related person's(Partner, Director etc) Income tax return with Balance sheet.
  4. Memorandum and Article of Association in case of limited company, Partnership deed in case of Partnership Firm.
  5. 3 Photographs of Applicant.
  6. Business proof of Applicant.
  7. All Registration Certificate of firm
  8. Copy of PAN Card
  9. Copy of Proof of ID (PAN Card, Aadhar Card, Driving License, passport) of all related person
  10. Bank account statement of last year
  11. Property File
  12. If applicant borrow any loan from other bank then applicant must give copy of sanction letter and any other required loan details.
  13. Applicant has to show all original documents to the bank for verification with xerox copy. Original documents will be returned to applicant after verification.

Guarantor Details

  1. Photograph-two copies
  2. Last tax bill
  3. Last income tax return copy
  4. Address proof – electric bill /telephone bill (any one) As per KYC norms
  5. Photo proof – Pan card / Voter card / Driving license/Aadhar card (Any one) As per KYC norms

Conditions

  1. Original documents of property to be submitted to the bank. Registered mortgage of property to be done in favour of bank.Bank charge will be noted in society’s book.
  2. Valuation of the property will be required for old property. Bank will give loan of 60% of valuation amount.(for old property)and new property bank will give loan of 80%.
  3. Applicant will have to take insurance of the building in favour of bank.
  4. Applicant has to submit original share certificate of the Society/Association, Municipal Tax bill, Tax receipt, sales deed etc, for registered mortgage of the property.
  5. Title clearance and valuation report will be done by approved lawyer and valuer of the bank. Applicant has to pay their fees.
  6. Applicant has to take share @ 2.5% of the limit.