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.