Hypothecation Loan

Hypothecation cash credit facility is available as a working capital for development of business against prime security of stock and collateral Security. Trading / Manufacturing units, Traders, Business community can avail the credit facility.

AADHAR CARD and PAN Card Compulsory
Last three years balance sheet, copy of income tax return.
Three photographs of Applicant
Tax bill of Property
Business proof / Bank Statement copy of Applicant
Applicant’s Pan card / Partner’s Pan Card / Limited Company’s Pan card
Address proof – electric bill /telephone bill (any one) as per KYC norms
Photo proof – Pan card / Voter card / Driving license (Any one) as per KYC norms
Applicant has to show all original documents to the bank for verification with zerox copy. Original documents will be returned to applicant after verification.
Gumastdhara / Taluka Panchayat License

Insurance of stock and mortgage property to be taken in favour of bank by the applicant.
Original documents such as share certificate, Sale deed, Tax receipt allotment letter are required for registered mortgage of the property.
Title clearance and valuation report will be done by approved lawyer and valuer of the bank. Applicant has to pay their fees.
Applicant has to submit stock statement at the end of quarter and before 10th of the next quarter.
The applicant has to provide two guarantors.
The applicant must be a member of bank
Limit is subject to renewal after 12 months.