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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.