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RAJKOT NAGARIK SAHAKARI BANK LTD
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Advances Stock in Trade


Significant Features:

To Overcome Running Business Requirement Advances Are Given As Under.

  • CASH CREDIT HYPOTHICATION.
  • CASH CREDIT PLEDGE.
  • BILLS PURCHASE.
  • SECURED LOAN.

Requirement:

  • Copy of Smart Nagarik Card.
  • Books of account for last 3 Year.
  • Stock list at the date of application.
  • I.T. return and assessment order of last 3 year of loanee & Last Year of guarantor.
  • Two Guarantors who are Bank Member.
  • Proof of Resident and Income (Applicant & Guarantor Both).
  • Audited report from C.A.(More then 40 lakhs turnover).
  • Municipal Shope Act License (If Applicable).
  • Partnership deed (If Applicable).
  • Register of firms.
  • C.S.T NO., G.S.T. NO.
  • PAN NO.
  • In case of Small Scale Industries Last G.E.B. Bill & S.S.I. license is required.
  • In case of Company Memorandum & Article Of Association is required.
  • Project Report & C.M.A. Report (More Than Rs. 25 lacs of loan).
  • Except Secured Loan Review will be done on Yearly Basis & Document Validity period is 3 Years.
  • Only Stock In Trade Will Be Considered For the Purposes.
  • Furniture, Fixture, Machinery etc. Will Not Be Considered for the Purpose & Must be Detailed On Separate Sheet.
  • Stock Older then 3 Months must be detailed on separate Sheet.
  • Latest Stock Statement is Must & should be presented.
  • For the Stock lying in other’s Premises Statement Of Confirmation From Owner of Property is required.
  • Bank Official Can Visit Site At Any Time For Verification.

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