Hypothication

Hypothication Loan

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.

Applicant 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.

Guarantor Details

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.

Hypothication Loan

Applicant details

Guarantor Details

Conditions

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