Documents Required for Cash Credit limit/Loan to Registered Proprietorship/Partnership Firm, Pvt. Ltd. Company or Ltd. Company

 

A. Before Sanction of Loan

 

              1 -     Current Account statement for last 1 Year.

              2 -    4 Passport size photo of  Proprietor or partners of firm.

              3 -    Photo copy of Identity proof of Proprietor or each partners of firm(Aadhar card/Voter card / Passport/DL/Pan card etc.)

              4 -    Photo copy of Address proof of Proprietor or each partners of firm(Aadhar card/Telephone bill/ Electricity bill/ Ration card/ ceiling of gas connection etc.).

              5 -    Registration copy of any type & any where is applicable.

              6 -    GST Number with GST Returns.

              7-     Pan Card (Proprietors & Firm)

              8 -    In case of Company/Pvt. Ltd./Ltd. Company ( Memorandum of Article & Association, By-laws, Resolution, Certificate of  incorporation, NEC from different departments wherever it is required 

              9 -    Balance sheet of last 3 years, Provisional Balance Sheet of running year as well as Projected Balance Sheet of next coming year.     

             10-     ITR (Income tax return with computation) for 3 years (Proprietor/partner & Firm).

             11 -     Partnership deed.

             12 -    Two Guarantors Required

                  Documents required from each  guarantor :

                           (I)-    2 Passport size photographs.

                          (II)-    Photo copy of Identity (Aadhar card/Photo ID Voter card/Passport/DL/Pan card etc).                           

                         (III)-    Photo copy of Address proof (Telephone bill/Electricity bill/ Aadhar card / ceiling of gas connection etc.).

                        (IV)-    Photo copy of Income / Net worth proof (ITR last three years).

                         (V)-    Account statement last six month.

 

Note:- All documents must be Self attested.

 

B. After Sanction of loan at the time of disbursement :-

 

                1 -       5 Revenue stamp

                2 -      5 stamps of Rs. 100/- each + 0.5% stamp of limit amount ( Min. Rs. 100/- Max. Rs.10,000/- ) in the  Name of  Firms.

                3 -      Notarized Affidavit on Bank Format.

                4 -      Original Title deed with previous chain.

                5 -      Current stock position.

                6 -      Hypothecation of Stock.

                7 -      Insurance cover

                8 -      Form of Pvt. Ltd./Lt. Company ( To create charge in ROC).

                9 -      Common seal of company.

                10 -     Signature wherever are required with firm's  stamp/without stamp.

                11-       Share money : 2.5% of loan amount

                12 -     Valuation of Property from Bank's approved valuer.

                13 -     Charges as per Bank rule :-            

                                   (I)-    Processing fees:- 0. 5% of Loan amount + 18% GST (max. 20,000/- + 18% GST)    

                                  (II)-    NEC Fees

                                 (III)-    Application fees:- 20/- + 18% GST

                                 (IV)-    Membership fees:- 10/- + 18% GST (each borrower)

                                 (V)-     Nominal membership fees of both guarantors.

                                 (VI)-    CIBIL Charges.

                                (VII)-    Valuation Charges:- 0.125% to 0.5% (i.e. Rs. 250/- to Rs.5000/-) depending on loan amount.