Hypothecation Loan
Applicant details :
Guarantor Details :
- 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.
Conditions
- 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.