व्यावसायिक कर्जे
 
New Interest Rates of loans from 01.10.2014
• CASH CREDIT :-
Features :

* Limit, up to 100000/-

* Period 3 years

* Rate of interest 14.50%

* Zero Processing fees

 
Documents require :

• Latest Income tax return of 3 years, latest Financial Report

   

• Address Proof

• Pan card

• Two Guarantors (shareholder) Including K.Y.C

• Latest Income tax return of any one guarantor with Latest financials Reports( CA certified)

• Business proof (like shop act, SBI Registration etc.)

• NOC of other Bank if any

• Photocopies require of borrower as well as guarantors

Terms and conditions :

* additional 5% shares

 

 
• HYPOTHECATION :-
Features :

*  Limit, up to Rs. 25 crore

* Period 3 years

* Rate of interest 14.50%

* 1 % processing fees of loan, (above 1 lac), which is Not refundable.

* 70% loan of Stock statement

INSTALLMENT HYPOTHECATION :-

* Limit, up to Rs. 25 crore

   
* Period 3 to 7  years
* Rate of interest 14.50%
* 1 % processing fees of loan, (above 1 lac), which is Not refundable.
* Maximum 70% loan of Stock statement
 
Documents require :
• Latest Income tax return for 3 years,

• Last 3 years financial reports (C.A certified), for loan above Rs.10 lac.

• Address Proof

• Pan card

• Additional 2.5% shares 

• Two Guarantors (shareholder) Including K.Y.C

• Latest Income tax return of two guarantors with Latest financials (C.A certified)

• Business proof

• NOC of other Bank if any

• Latest stock statement

• Latest statement of other banks, if any.

• Collateral security (loan for above 1 lac) [ N.A.Property]

• Photocopies require of borrower as well as guarantors

 

Terms and conditions :

* Scrutiny fee Rs.1000/-forloan of Rs.10 lac to 25 lac

* Scrutiny fee Rs.2000/- for loan of above Rs.25 lac to 50 lac

* Scrutiny fee Rs.5000/- for loan of above Rs.50 lac and onward

 
• WORKING CAPITAL :-
Features :

* Limit, up to Rs. 25 crore

* Period 3 years

* Rate of interest 14.50%

* 1 % processing fees of loan, (above 1 lac), which is Not refundable

   

 

INSTALLMENT WORKING CAPITAL : -
* Limit up to Rs 25 Crore
* Period 3 to 7 Years
* Rate of Interest 14.50%
* 1% processing fees of loan,(Above 1 Lac), Which is not refundable
* 70% loan of Stock ent
 
 
Documents require :

• Latest Income tax return for 3 years,

• Last 3 years financial reports (C.A certified), for above loan of Rs.10 lac.

• Pan card

• Additional 2.5% shares 

• Two Guarantors (shareholder) Including K.Y.C

• Latest Income tax return of two guarantors with Latest financials (C.A certified) { for loan of 10 lac}

• Address proof

• NOC of other Bank if any

• Latest stock statement

•  Latest statement of other banks, if any.

• Security require, except agriculture land.

• Photocopies require of borrower as well as guarantors
 
Terms and conditions :

*Scrutiny fee Rs.1000/-for loan of Rs.5 lac to 25 lac

*Scrutiny fee Rs.2000/- for loan of above Rs.25 lac to 50 lac

*Scrutiny fee Rs.5000/- for loan of above Rs.50 lac and onward

*Processing fee is refundable, as per banks rule.

*3% Extra interest will be charges for irregular account

   •Max 70% loan will be sanction for valuation of property

   •Property will be registered  mortgage with the bank

 
• BOOK DEPTS (Advance against book debts) :-

Features :

* Limit, up to Rs 2 crore

* Period 3 years

* Rate of interest 14.50%

* 1 % processing fees of loan, (above 1 lac), which is Not refundable.

   

 

Documents require :

• Latest Income tax return for 3 years,

• Last 3 years financial reports (C.A certified)

• List of Sundry debtors (C.A. certified quarterly)

• Collateral security require, except agriculture land

• Address Proof

• Pan card

• Two Guarantors (shareholder) Including K.Y.C

• Latest Income tax return of two guarantors with latest financials (C.A certified)

• Business proof

• NOC of other Bank if any

• Latest statement of other banks, if any.

• Photocopies require of borrower as well as guarantors

• Power of Attorney

 
Terms and conditions :

•70% loan will be sanction against list of sundry debtors amount [  debtors must be before 90 days only]

•Property will be mortgage with the bank

 
• GOLD / SILVER LOAN (loan against gold /silver ornaments) :-
Features :

*Limit, up to Rs 200000/- *

* Period 1 year

*Rate of interest 13.00%

* 75% loan will be sanction against valuation *

* Minimum custody charges

  * No scrutiny fees and no Processing Fees
 
 

• GOLD / SILVER INSTALLMENT LOAN (loan against gold /silver ornaments:-

*Limit, up to Rs 2,00,001  to 50 Lac *

* Period 3 year

* Rate of interest 13.00%

* 75% loan will be sanction against valuation *

*Minimum custody charges

* No scrutiny fees and no Processing Fees

 
Terms and conditions :

*For Nominal member, loan up to 1 lac

*Borrower must be account holder of bank/for nominal member KYC should be fulfill

*Latest Income Tax Return ( CA certified)

*Loan for above 1 lac, borrower should be shareholder of bank

*Valuation will be latest market rate of gold.

 
• ADVANCE AGAINST FIX DEPOSIT :-
Features :

• 85% of loan for deposit up to Rs. 2 lac

• 95% loan for deposit above Rs.2 lac

Documents require :

• *Discharged Receipt of Fix deposit

Terms and conditions :

*”Nominal membership facility available, for
   nonmembers

*Discharged Receipt of Fix deposit

* 1% addition interest rate, of fix deposit.

*All types of deposits will lien with bank.
   

* All types of deposits will lien with bank. (Banks own Deposits receipts only)

*Regularity in monthly interest

*No scrutiny fees and no Processing Fees
*Third Party loan interest will be charged 2.5% Extra
 
 
• Current Over Draft :-

Features :

• 85% of loan on deposit of rs.2lac

• 95% loan for deposit above rs.2lac

• Additional facility of chequebook

• Third party over draft facility available*

 
Documents require :

• *Discharged Receipt of Fix deposit

 
   
Terms and conditions :

• *Facility is also available, for nominal members

• * 1% addition interest rate, of fix deposit.

• * 2.5% additional interest rate,of fix deposit for third party over draft.

• *All types of deposits will lien with bank.(Banks own Deposits receipts only)

• *Regularity in monthly interest

  * No scrutiny fees and no Processing Fees

 
• ADVANCE AGAINST GOVRNMENT SECURITIES :-
Features :

• 50% loan against government securities

• Rate of interest 14.50%

 
Terms and conditions :

• *For Nominal Member, loan up to 1 lac

• *Loan for above 1 lac, borrower should be
    shareholder of bank

• *All types of securities will be lien with bank.

• *Regularity in monthly interest

  * No scrutiny fees and no Processing Fees

   
 
• BEDANA LOAN :-
Features :
*Maximum limit Amt Rs. 5 cr

*50% loan of Receipt of cold storage.

*No guarantors up to 10 lac

*Lowest interest rate 14.00%

*Period 3 Years

 
   

 

Terms and conditions :

•The borrower should be shareholder ,for the loan above Rs.1 lac

•Two guarantors require ,for loan above Rs.10 lac

* No scrutiny fees and no Processing Fees

 

• BANK GUARANTEE :-
Features :

*100% deposit,commission will be charge at the 
   same time (0.90% + service charges only on yearly    basis.)

*For 25% deposit, and 75% mortgage, commission   will 2% + service charges only on yearly basis.).

*Period 1 To 3 years

*in case of revoke14.50% ( Regular Loan Interest     Rate)
 
Terms and conditions :

• Borrower must be shareholder

   

 

• Two Guarantors (shareholder) Including K.Y.C

• Latest Income tax return for 3 years,

• Last 3 years financial reports (C.A certified)

• Latest Income tax return of two guarantors with latest financial reports (C.A certified)

• Collateral security requires, (N.A.Property.)

• NOC

 

• LOAN FOR SHOP (Loan shops purchase/ constructions) :-
Features :

*Limit up to 15 crore.

*70% advance against estimated cost /or purchase
   deed /valuation

*50% for old shop/constructions (10 year old)

*Maximum Period 10 years

*Rate of interest 14.50 %

*1 % processing fees of loan, which is Not refundable *

   
Documents require :

• Latest Income tax return for 3 years,

• Last 3 years financial reports (C.A certified)

• Address Proof

• Pan card

• Two Guarantors (shareholder) Including K.Y.C

• Latest Income tax return of two guarantors with latest financial reports (C.A certified)

• Business proof

• NOC of other Bank if any

• Latest statement of other banks, if any.

• Purchase /sale deed

• Photocopies require of borrower as well as guarantors

• Search report(30 years with receipt)

• Commencements certificate

• Approved plan

• Property abstract of 7/12 and CTS (City survey)

• N.A order and latest tax receipt

• Permission for the type of construction, from authenticate office.

• Development agreement

Terms and conditions :

• *Processing fee is not refundable, as per banks rule.

• *3% Extra interest will be charges for irregular account

• * 30% margin amount (50% for 10 year old property)

• * Additional  shares 2.5%
 
• HOUSING LOAN :-
Features :

*Limit up to 70 lac

*Maximum up to 90% advance against estimated costated cost /or purchase deed /valuation.

*50% advance for up to 20 year sold shop constructions (marketable)

*Maximum period 20 years

*Rate of interest 12.50 %

*1 % processing fees of loan, which is Not refundable *
   
 

• HOUSE REPAIRING LOAN :-

Features :

*Limit up to 5 lac

* Period 3 year

*Rate of interest 14.50 %

*1 % processing fees of loan, which is Not refundable as per bank rule

 
 
Documents require :

• Latest Income tax return for 3 years,

• Last 3 years financial reports (C.A certified)

• Address Proof

• Pan card

• Two Guarantors (shareholder) Including K.Y.C

• Latest Income tax return of two guarantors with latest financial reports (C.A certified)

• Business proof

• NOC of other Bank if any

• Latest statement of other banks, if any.

• Purchase /sale deed

• Photocopies require of borrower as well as guarantors

• Search report(30 years with receipt)

• Commencements certificate

• Approved plan

• Property abstract of 7/12 and CTS (City survey)

• N.A order and latest tax receipt

• Permission for the type of construction, from authenticate office.

• Power of attorney of developer

• Development agreement

• N.O.C of society chairmen, if any.

• Resolution of society, if any.

• Copy of society bylaws, if any.

• Registration certificate of society, if any.

• Copy of society bylaws, if any.

• Registration certificate of society, if any.

• Copy of society shareholder certificate.

 
Terms and conditions :
 
 
• LOAN AGAINST PROPERTY :-
Features :

*Limit up to 20 Crore

*Period 10 year

*up to50% to 70% advance against properties latest valuation (whichever is less)

*Rate of interest 14.50 %

* 1 % processing fees of loan, which is Not refundable *

   
 
Documents require :

• Latest Income tax return for 3 years,

• Last 3 years financial reports (C.A certified)
• Address Proof
• Pan card
• Two Guarantors (shareholder) Including K.Y.C
• Latest Income tax return of two guarantors with latest financial reports (C.A certified)
• Business proof
• NOC of other Bank if any
• Latest statement of other banks, if any.
• Purchase /sale deed
• Photocopies require of borrower as well as guarantors
• Search report(30 years with receipt)
• Commencements certificate
• Approved plan
• Property abstract of 7/12 and CTS (City survey)
• N.A order and latest tax receipt
• Permission for the type of construction, from authenticate office.
• Power of attorney of developer
• Development agreement
• N.O.C of society chairmen, if any.
• Resolution of society, if any.
• Copy of society bylaws, if any.
• Registration certificate of society, if any.
• Copy of society bylaws, if any.
• Registration certificate of society, if any
• Copy of society shareholder certificate.
• Additional  shares 2.5%
 
Terms and conditions :
• *3% Extra interest will be charges for irregular account
• Latest statement of other banks, if any.
• Purchase /sale deed
• Photocopies require of borrower as well as guarantors
• Search report(30 years with receipt)
• Commencements certificate
• Approved plan
• Property abstract of 7/12 and CTS (City survey)
• N.A order and latest tax receipt
• Permission for the type of construction, from authenticate office.
Terms and conditions :
• *Processing fee is Not refundable.
• *3% Extra Interest will be charges for irregular account
 
 
• MACHINERY LOAN :-
Features :

*Limit up to 15 crore

*70% advance against Quotation /valuation (whichever
is less)

*50% advance for 5 year old Industrial shed/Constructions

*Period  For Old Mach 5 years & New Mach. 10 years

*Rate of interest 14.50%

* 1 % processing fees of loan, which is not  refundable*

* 30% margin amount

   
 

• HOSPITAL LOAN :-

Features :

*Limit up to  5 corer

*70% advance against Quotation /valuation (whichever is less)

*Period  10 years

*Rate of interest 14.50%

* 1 % processing fees of loan, which is not  refundable*

 
Terms and conditions :
*30% Margin Amount
*2.5 % Additional Shares
*Processing Fees of Loan Which is not refundable
 

List of Documents required for mortgage deed loan

 

*Conditions apply

 
 
 
 
Top