Business Loan

• Facilities Type: Overdraft Loan/ Term Loan/ Demand Loan and Short Term Loan.
• Purpose: To Finance Working capital, capital expenditure requirements including refinancing of equity.
• Loan Amount: Staring from Rs 30,000,000 and above.
• LTV: Up to 90% of FMV.
• Term: 10 years (Core Working Capital).
• Term: 15 years (Land and Building).
• Overdraft: 1 year revolving basis.
• Demand Loan: 1 year payable on maturity.
• Short Term Loan: Max 120 days or working capital cycle whichever is lower.

• Loan Application
• Audited and 3 years projected Financial Report.
• Copy of Firm/ PAN/ VAT Registration Certificate, Partnership Deed, Latest Tax Clearance Certificate.
• MOA/ AOA (If Any).
• Company’s Profile
• Board Resolution for opening A/C, Availing Loan, Delegation of Authority (If any).
• Copy of citizenship and 1 copy of PP size photograph of all directors.
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• Project Proposal (If any).
• Profile (Biodata) of the Directors/ Shareholders.
• Documents related to fixed assets security (i.e. Lal Purja, Tiro Rashid, etc).
• Bank Statement.
• Detail report of Stocks, Account Receivables, Account Payables, Goods in Transit, Sales, Purchase etc.
• If Directors/ Shareholders are involved in other company details of the company.
• List of major Suppliers/ Buyers.
• Main products of the unit/ Firm/ Industry/ Company

Note:

• If the mode of transfer is “Rajinama” the cooling off period must elapse 6 months 35 days
• For “Bakaspatra”- 2 years and 35 days.
• For "Ankshabanda”- 3 months.
• For “Mrityu Namsari”- 3 years.