FINANCE AVAILABLE FOR BUSINESS AGAINEST PROPERTYPROPERTY LOAN FOR BUSINESS
LIST OF PAPER TO BE SUBMITTED FOR CONSIDERATION &SANCTION1) REQUEST ( COVERING ) LETTER FOR LOAN
2) BUSINESS PROFILE
3) LIST OF DIRECTORS
4) MEMORANDUM &ARTICLES OF ASSOCIATION
5) LAST 3 YEAR BALANCE SHEET
6) LAST 3 YEAR INCOME TAX RETURN
7) BANK... STATEMENT FOR LAST 1 YEAR
8) DOCUMENTS OF PROPERTY TO BE GIVEN AS SECURITY (SALE DEED MOTHER DOCUMENTS ,PATTA,EC,MUNICIPAL APPROVAL ,TAX PAID RECEIPTS , RATION CARD ,PAN CARD ETCâ?¦)
9) LATEST LEGAL OPINION ON THE SECURITY PROPERTY
10) VALUATION CERTIFICATE FOR CURRENT MARKET VALUE
11) GOVT:GUIDE LINE VALUE EXTRACT
12) IF THE SECURITY PROPERTY ALREADY UNDER BANK LOAN LETTER FROM THE BANK FOR AMOUNT OUTSTANDING
RATE OF INTEREST ON THE LOAN AMOUNT - 10.5 % PER ANNUAL
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