• For Fresh Proposals

(except Anna Saheb Patil & OBC Mahamandal )

First 3 years 10.25% and after 3 years rate of interest will be review as per bank policy. The borrower has to maintained following criteria.

1. Turnover in account i.e 50% of his sales.
2. Borrower to utilized the limit 50% and above of sanctioned limit.

(Note - No rebate is applicable to fresh proposals )

• For Existing borrower – Rate of 13% p.a. will be continue.

2% rebate on quarterly basis to those accounts

1. Account should be standard account.
2. Regular monthly interest servicing on time.
3. Turnover in account i.e 50% of his sales.
4. Borrower to utilized the limit 50% and above of sanctioned limit.

Prime: Hypothecation of stocks/book debts < 90days

Collateral : Mortgage of immoveable assets 100% of limit

1. Application in prescribed format
2. Address proof : Passport / telephone / electricity bill, Ration card / Voter identity card etc                                 
3. Identity proof : Passport/voter identity card / PAN card telephone/electricity bill etc.
4. Photographs of borrower & guarantors
5. Audited Profit & Loss accounts & Balance sheet for last 3 years
6. Income Tax Return/Assessment order for last 3 years
7. Latest stock statement /book debt statement
8. Valid Shop & Establishment Registration copy, Drug license, Tax registrations, rent paid receipts etc
9. Regd  Deed of partnership / Memorandum & Articles of   Asscn ( Also copy of Form 32 if there is any change of Director)
10. Copy of Board Resolution
11. Copy of registered sale agreement of the property to be mortgaged,
12. Search report/ valuation report          
13. NOC from builder/Society, NOC from CIDCO
14. share certificate
15. Consent letter & financial papers of guarantors
16. Position of Statutory dues