Business and Other Loan /Overdraft/Mortgage Loan/Plant and Machinery Loan



For smooth running of business of customer the bank is providing following various types of credit facilities on easy & customer friendly terms & conditions.

  • Cash Credit facilities against Stock & Bookdebts.
  • Mortgage loan/over draft facilities including purchase of Factory shed/shop, Karnavati Vepar vikas loan/overdraft against mortgage property (NA/NOC clear)
  • Plant and Machinery Loan.
  • Housing Loan
  • Vehicle Loan
  • Education loan to student for higher education in India or Abroad with suitable collaterals.
  • Gold Loan
  • Loan against NSC/LIC Policies
  • Personal Loans

Business Loan will be in the form of either Term Loan or overdraft. The maximum loan amount varies from Rs. 50000/- up to Rs.125 lacs. The exact amount depends on balance sheet/profit & loss account, existing loan track, record, income, repayment capacity and collaterals the borrower can repay loan through EMIS, post-dated cheque or through ECS to debit of his Bank account.

LOAN/CASH CREDIT/BOOK DEBT/PLANT & MACHINERY FOR TRADE & INDUSTRIES
12.50%
CASH CREDIT/BOOK DEBT/PLANT & MACHINERY FOR TRADE & INDUSTRIES (Against NA/NOC clear property)

Up to Rs. 20 lacs

Above Rs. 20 lacs

 

11.00%

10.50%

MORTGAGE LOAN AGAINST PROPERTY (Against NA/NOC clear property)
11.50%
KARNAVATI VEPAR VIKAS LOAN/OVER DRAFT (Against NA/NOC clear property) 12.50%

Required Document List:
Salaried Customers

  • Age Proof
  • Address Proof
  • Signature Proof
  • Passport size photograph
  • Employment certificate from the employer
  • Copies of pay slips for last 3 months and TDS certificate
  • Last 2 years Form 16
  • Latest 6-12 months bank statement with salary credits and all running account
  • Aadhar Card

Proprietorship

  • Pan card copy
  • Age Proof­­­­
  • Signature Proof
  • Passport size photograph
  • Office address proof (electricity bill, water bill, telephone bill, mobile bill)
  • Residence address proof (electricity bill, water bill, telephone bill, mobile bill)
  • Rent agreement of Business place and of residents which ever applicable.
  • Last 3 years ITR with computation of income, balance-sheet, profit & loss account with all schedules, audit report & tax audit reports with annexures ( if applicable )
  • Last six months Bank Statement for Individual and the Firm
  • Current years sale purchase data including latest stock, bookdebts, debtors, creditors statement of last 90 days and above 90 days.
  • Two guarantors – (out of which one should be a property owner) their two photograph, pan card, election card, electricity bill, and tax bill of their residence as well as business place, their last two years IT returns to be provided.

Partner ship

  • Age Proof
  • Signature Proof
  • Passport size photograph
  • Copy of PAN card of partnership firm
  • Copy of PAN card/Passport/Driving license of all partners.
  • Office address proof (electricity bill, water bill, telephone bill, mobile bill, rent agreement )
  • Residence address proof (electricity bill, water bill, telephone bill, mobile bill).
  • Last 3 years ITR of firm with computation of income, balance-sheet, profit & loss account with all schedules, audit report & tax audit reports with annexure ( if applicable )
  • Last 3 years ITR with computation of income of all Partners.
  • Last 6months updated bank statement.
  • Partnership deed.
  • List of Partners with their share holding percentage.
  • Current years sale purchase data including latest stock, bookdebts, debtors, creditors statement of last 90 days and above 90 days.
  • Two guarantors – (out of which one should be a property owner) their two photograph, pan card, election card, electricity bill, and tax bill of their residence as well as business place, their last two years IT returns to be provided.

Private Limited Companies

  • PAN card copy of Company.
  • PAN card copy of all Directors.
  • Residence address proof (electricity bill, water bill, telephone bill or mobile bill) of all the Directors.
  • Office address proof of company ( electricity bill, water bill, telephone bill or mobile bill).
  • Photograph of all Directors.
  • Last 3 years ITR of company with computation of income, balance-sheet, profit & loss account with all schedules, audit report & tax audit reports with annexure ( if applicable ).
  • Last 3 years ITR with computation of income of all Directors.
  • Last 6 months updated bank statement of the company and directors.
  • Memorandum & Articles of Association of Company.
  • List of Directors and list of share-holders with share-holding pattern(for private limited company).
  • Proper Board Resolution for availing the loan & mortgage the property as also particulars of guarantors.
  • Current years sale purchase data including latest stock, bookdebts, debtors, creditors statement of last 90 days and above 90 days.
  • Two guarantors – (out of which one should be a property owner) their two photograph, pan card, election card, electricity bill, and tax bill of their residence as well as business place, their last two years IT returns to be provided.