Hypothication Loan

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Hypothecation Cash Credit / Clean Cash Credit / Cash credit Against Property

Purpose For Working Capital (Loans Sanctioned From 01/04/2023)
Hypothecation Cash Credit Upto 1 Crore : 11%
Hypothecation Cash Credit Above 1 Crore : 10%
Cash Credit Against Property
(60% of Property Valuation) :
11%
Hypothecation Cash Credit to
Building Contractor/Developer :
12.50%
Duration: 1 year (renewable)
Clean Cash Credit (Unsecured) Maximum Limit is of Rs. 5,00,000. - Rate 15%
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) Property Documents :
    Partners’or directors’ City Surveyor’s Certificate / 7/12 Copy / Certificate Given by the Society / Tax Bill
  • (7) Sales Tax return copy of last year and copy of last year’s sales tax payment receipt.
  • (8) Detailed list of last month’s stock.
  • (9) Detailed list of last three months’ book debts.
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 Partnership Deed (in case of partnership firm)
    Copy of Income Tax Assessment Order In case of private limited company,
    a copy of Memorandum and Articles of Association
    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 : 1. Every month’s stock statement/book debts to be submitted within 1st to 5th day of the month
Note : 2. 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.

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