Business Overdraft Against Property

  • Home
  • Business Overdraft Against Property
image

Business Overdraft Against Propertyn

Interest Rate (Loans Sanctioned From 01/04/2023)
Overdraft Amount of Rs. 1 crore and above – 10%
Overdraft Amount Less Than Rs. 1 crore - 11%

Margin – 20% of Property Valuation

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) In case of a Firm/Co. PAN Card and Registration of Firm
    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 and Statement Of Total Income
    Firm's Last 3 Years' Trading A/C, Profit & Loss A/C and Balance Sheet with Schedules.
    Business Proof (Any Govt. Certificate) - Partner's or Director's IT Return.
  • (5) If maintaining account with other bank then copy of bank statement and details of loan availed, if any
  • (6) Sales Tax return copy of last year and copy of last year’s sales tax payment receipt.
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
  • (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 Income Tax Assessment Order
    Firm’s Last 1 Year's Trading A/C, Profit & Loss A/C and Balance Sheet
  • (5) Guarantor's 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 thisapplication 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