Machinery/equipment term loan is available for purchase of old/new machinery. Trading / Manufacturing units, Traders, Business community can avail credit facility for development of business.

• 5 Photographs of Applicant
• Applicant Must be Member of Regular Member/Nominal Member
• Photo Proof – Driving License/Election Card/Passport/Aadhaar Card
• Copy of PAN Card
• Address Proof – Electric Bill/Telephone Bill (Last 3 Months Old)
• Applicant I.T. Return (Last 3 Years)/Salary Slip of Last 6 Months/Form-16.
• Latest Tax bill /Certificate from society chairman/Secretary if applicant owned Property.
• Applicant has to show all original documents to the bank for verification with zerox copy.

• Photograph-3 copies
• Guarantor must be Member of Regular Member/Nominal Member
• Photo Proof – Driving License/Election Card/Passport/Aadhaar Card
• Address proof – electric bill /telephone bill (any one)
• Copy of PAN Card
• Latest Tax bill /Certificate from society chairman/Secretary if applicant owned Property.

• Bank will give loan up to 80 to 85% of quotation
• Machinery Loan repayment in monthly EMI.
• Interest will be debited on monthly basis.
• Applicant has to take insurance of full value of Machinery in favour of bank.
• Applicant have to pay margin amount to the bank.Bank will issue Banker cheque of full amount in the name of dealer.