Personal mortgage 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 :
Last tax bill
Last income tax return copy / Pay slip of last 3 Months.
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
Original documents of property Such as share certificate, sale deed, tax receipt, allotment letter are to be submitted to the bank. Registered mortgage of property to be done in favour of bank.Banks charge will be noted in Association / society’s book.
Bank will give loan if property is having N.A.N.O.C and BU permission.
Applicant will have to take insurance of the building in favour of bank.
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 provide two guarantors.
Limit Will be decided on turn over basis or 70% of the value of the property , whichever is less.
Aplicant has to take share @1%, 2%, 2.5% of the limit.
Processing charges upto Rs. 1000/- will be levied on sanction.