Property Loan

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.
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.
Applicant should have Savings/ current Bank account with the bank.
Address proof – electric bill /telephone bill -land line (any one) As per KYC norms
Photo proof – Pan card / Voter card / Driving license (Any one) As per KYC norms

Photograph-2 copies
Last tax bill + Receipt of Paid
Last 3 year income tax return copy + Receipt of paid
Address proof – electric bill / telephone bill (any one) As per KYC norms
Photo proof – Pan card / Voter card / Driving license/Aadhar card 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.
business-mortgage loan is to be repaid with interest within 84 equal monthly instalments. whereas business mortgage overdraft facility is subject to maximum after 12 months.
Limit will be decided on turn over basis as per bank rules or 70% of the value of the property , whichever is less.
Applicant is required to submit stock statement creditors list and statement of book-debts on monthly basis and the copy of balance sheet as on 31st march every year.
Aplicant has to take share @ 1.00% of the limit.

VALID PHOTO I.D.(ANY ONE)	ADDRESS PROOF (ANY ONE)
Adhar Card	Adhar Card
Pan Card	Electricity Bill (not more than 6 months old)
Voter ID Card	Municipal Tax Bill
Pass Port	Gas Bill / Telephone Bill :Latest
College / School ID Card	Latest LIC Primium Receipt
Government / Semi Government ID Card	Other Bank Passbook