Fixed Assets Loan

  • Home
  • Fixed Assets Loan
image

Fixed Assets Loan

Purpose House Repairing and Business Development
(against residential and commercial property)
Margin : 20% of Valuation (For Loans Released After 01/05/2020) 10% of Sale Deed / Banakhat.
Duration : 120 Months
Interest Rate: 11.50%
Documentation For Applicant :
  • (1) Passport Size Photos
  • (2) Photo ID - Pancard / I-Card (Ele. Card / Driving Licence / Passport / Aadhar Card)
  • (3) Date of Birth proof
  • (4) Applicant’s Income Proof :
    (i) If employed, salary slip of last month and copy of Form-16, IT Return and Statement of Total Income
    (ii) In case of a Firm/Co.
    Copy of Partnership Deed (in case of partnership firm)
    Copy of Income Tax Return and Statement of Total Income
    Firm’s Last 3 Years’ Trading A/C, Profit & Loss A/C and Balance Sheet
  • (5) If maintaining account with other bank then copy of bank statement and details of loan availed, if any
  • (6) Bank approved engineers plan for house construction and break-up wise valuation report.
  • (7) Copy of recent city surveyor’s certificate / 7/12 copy and Society certificate given showing ownership of house (as per banking format).
  • (8) If the house is within a society, copy of Society’s Registration Certificate and Copy of NOC obtained by the society.
  • (9) Copy of permission to construct house from the concerned authority
  • (10) Receipt of current year’s tax payment of house property
Documentation For Guarantor :
  • (1) Passport Size Photos
  • (2) Photo ID - Pancard / I-Card (Ele. Card / Driving Licence / Passport / Aadhar Card)
  • (3) Date of Birth proof, if photo ID does not have Birth Date mentioned
  • (4) Income Proof :
    (i) If employed, salary slip of last month and copy of Form-16, IT Return and Statement of Total Income
    (ii) In case of a Firm/Co.
    Copy of Partnership Deed (in case of partnership firm).
    In case of private limited co., a copy MoA or AoA
    Copy of Income Tax return
    Firm’s Last Years’ Trading A/C, Profit & Loss A/C and Balance Sheet
  • (5) Property Documents : City Surveyor’s Certificate / 7/12 Copy / Certificate Given by the Society / Tax Bill
Note : Certified / Self Attested copies should be attached with this application form

Please Note that this list is Indicative. The Bank may ask for further Document If Necessary.

Copyright © 2021 The Union Co-operative Bank Ltd. Website Designed By DNG WEB DEVELOPER