Loan/ Advances to trade commerce & Industries
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Loan/ Advances to trade commerce & Industries:
  • Last three years balance sheet, copy of income tax return, copy of Partner’s personal return , Memorandum and Article of Association in case of limited company, resolution for loan application.
  • Tax bill of Property
  • Three photographs of Applicant
  • Business proof of Applicant
  • Applicant’s Pan card / Partner’s Pan Card / Limited Company’s Pan card
  • Bank account statement of last 2 years
  • Stock statement of the business
  • Applicant has to show all original documents to the bank for verification with zerox copy. Original documents will be returned to applicant after verification.
Guarantor Details
  • Photograph-two copies
  • Last tax bill
  • Last income tax return copy / Pay slip of last 3 Months.
  • Address proof – electric bill /telephone bill (any one)
  • Photo proof – Pan card / Voter card / Driving license/Aadhar card (Any one)
  • The limit will be decided on the basis of turn over (sales) / projected sales i.e. 20% of turnover (sales) or projected sales against stock 30% margin of stock.
  • Applicant has to provide collateral security to the tune of 70% of the limit by way registered mortgage declaration of residential premises, office, shop, godown, shed etc.
  • Insurance of stock and mortgage property to be taken in favour of bank by the applicant.
  • Original documents such as share certificate, Sale deed, Tax receipt allotment letter are required for registered mortgage of the property.
  • Title clearance and valuation report will be done by approved lawyer and valuer of the bank. Applicant has to pay their fees.
  • Applicant has to submit stock statement at book debt and before 10th of the book debt .
  • The applicant has to provide two guarantors.
  • Limit is subject to renewal after 12 months.
  • Applicant has to take share @ 1%, 2%, 2.5% of the limit.
  • Udyam registration certificate Compulsory
Type of loan/Advances Margin Interest rate
Business & Industries
Hypothecation Cash Credit
Up to Rs.10 lacs(Against stock+Book Debts)
Above Rs.10 lacs(Against stock+Book Debts)
Hypothecation Loan
Up to Rs.25 lacs(Machinery Purchase)
Above Rs.25 lacs(Machinery Purchase)
Working Capital-Term Loan
Up to Rs.25 lacs
Above Rs.25 lacs

40 To 50%
40 To 50%