Personal Loan


  • Personal loan is available as working capital against registered mortgage of residential,office,shop,godown,shed building as a prime security.Trading/Manufacturing units, Traders, Business community can avail credit facility for development of business.
Applicant details:
  • Last three years balance sheet, copy of income tax return, copy of Partner's personal return , Memorandum and Article of Association in case of limited company, resolution for loan application, Pay slip of last 3 Months.
  • Three photographs of Applicant
  • Business proof of Applicant.
  • Applicant's Pan card / Partner's Pan Card / Limited Company's Pan card.
  • Bank statement of last 2 years
  • Applicant has to show all original documents to the bank for verification with zerox copy. Original documents will be returned to applicant after verification.
  • Address proof /electric bill /telephone bill (any one) As per KYC norms
  • Photo proof /Pan card / Voter card / Driving license (Any one) As per KYC norms
Guarantor Details
  • Photograph-two copies
  • Last tax bill
  • Last income tax return copy
  • Address proof /electric bill /telephone bill (any one) As per KYC norms
  • Photo proof /Pan card / Voter card / Driving license/Aadhar card (Any one) As per KYC norms
Conditions
  • 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.
  • 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%.
  • Applicant will have to take insurance of the building in favour of bank.
  • Loan amount with interest will be repaid within 120 equal monthly instalments.
  • 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.
  • Title clearance and valuation report will be done by approved lawyer and valuer of the bank. Applicant has to pay their fees.
  • Applicant has to take share @1%/ 2%/ 2.5% of the limit.
  • Processing charges upto Rs 1000 will be levied on sanction.