Contract loan   

Age Limit Minimum 18 Years and 65 Years 2 . Gaurantor Compulsary required        
Constitution Individual/ Proprietary firm/ Partnership firm/ HUF/ Company          
Rate of Interest             
Bank Finance 150% of Work Order and Property average Valuation          
Margin 150% of Work Order and Property average Valuation          
Limit of loan As per Bank loan Exposure limit          
Eligibility Criteria 1.Self Employed / Businessmen /Professionals having a regular source of income          
Repayment period Maximum 36 months ( after renewal of loan)          
Process fee 0.30% + service tax as applicable from time to time, (subject to a Maximum of Rs.20,000/- + ST          
Collateral Security NA property for Collateral Securities) STOCK + BOOK DEBTS          
Share Linking Basic Amount + 2.50% Fixed Deposits loan value          
Document required 1. Duly filled and sing by prescribed application form Borrowar, Co Borrowar and Gaurantor 2. Latest 2 Photograph, KYC : Photo Identity Proof, Residence proof of the Borrowar, Co Borrowar and Guarantors 4. Businessman: Shop Act Licence, GST Certification, Udyam Aadhar certificate, Both Borrowar and Guarantor last 3 years CA Certified with UDIN no, Profit & loss and Balance Sheet, ITR copies, Tax Audit Report (If Require) 12 months bank accounts statement, GST 3 B Return / GSTR-1, Loan account statement (if any) Debtors and Creditors list, Stock statements. 4. No Dues Certificate by CA certified for no levy any Taxes and duties paybale Any Financial Year/ Current Financial Year 5. Net worth certificate by CA certified for latest financial year positions.
7. CIBIL and NOC from other financial institution like Pathswanstha, CO op bank, credit societies. Etc
8.Tentaitve Balance sheet and profit & loss statement for current year, projection / project report for next 3-5 years
9. Latest property 7/12 exact without any charge
10. Documents for creating mortgage as per requirement, Propety NA order, 7/12 Exact, Propety Agreement, Search report, Valuation Report, Construction Estimate, Sanction Plan, NMC Building construction permission order, All Ferfar of 7/12 Exact
Others 1 loan charge interest or emi payable before 15th of every month 2. loan charge interest or emi payable after 15th of every month 2% additioanl penalty charge 3. Rebate Credited to Loan account 20th of Every Monts      


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