Machinery Loan

Applicant details:

• AADHAR CARD and PAN Card Compulsory
• Copy of Last Three years income tax return / Pay slip of last 3 months.
• If Applicant is businessman in that case last three years copies of balance sheet, income tax return of the proprietor/partner,statement of capital account.
• If property is to be purchased under housing scheme,the copies of documents,such as share certificate,allotment-letter,saledeed,revenue records of 7/12.
• Copy of authorised building plan.
• Copy of receipt of advanced payment-made/copy of agreement to sale
• Copy of title clearance certificate given by the advocate/ solicitor.
• Three copies of Photograph
• Copy of PAN Card
• Address proof – electric bill /telephone bill (any one)
• Photo proof – Pan card / Voter card / Driving license (Any one)
• Permission letter of Nagarpalika / Grampanchayat

Guarantor details:

• Photograph-two copies
• Last tax bill
• Last income tax return copy
• Address proof – electric bill /telephone bill (any one) As per KYC norms
• Photo proof – Pan card / Voter card / Driving license/Aadhar card (Any one) As per KYC norms
• AADHAR CARD and PAN Card Compulsory

Conditions:

• Bank will give loan if property is having N.A.N.O.C and BU permission.
• Applicant will have to take insurance of the building in favour of bank.
• The applicant has to provide guarantor for loan.
• Loan amount with interest will be repaid within 60 to 180 equal monthly instalments.

Know Your Customer Guidelines