Property Loan

Last three years balance sheet, copy of income tax return. copy of Partner’s personal return . Memorandum and Article of Association in case of limited company. resolution for loan application.
Three photographs of Applicant • Business proof of Applicant
Applicant’s Pan card / Partner’s Pan Card / Limited Company’s Pan card
Bank statement of last 2 years • Applicant has to show all original documents to the bank for verification with Xerox copy. Original documents will be returned to applicant after verification.
Applicant should have Savings/ current Bank account with the bank.
Address proof – electric bill /telephone bill -land line (any one) As per KYC norms
Photo proof – Pan card /Voter card / Driving license (Any one) As per KYC norms

Photograph-2 copies
Last tax bill + Receipt of Paid
Last 3 year income tax return copy + Receipt of paid
Address proof – electric bill / telephone bill (any one) As per KYC norms
Photo proof – Pan card /Voter card / Driving license/Aadhar card As per KYC norms

Father of the student has to submit document of the property for registered mortgage in favour of bank. Bank charge will be noted in Association /Society book.
Valuation of the property will be required in case of old property.
Title clearance and valuation report will be done by approved lawyer and valuer of the bank. Applicant has to pay their fees.
Bank will keep 25% margin on tuition fee. Hostel fee or total package of fees.
Applicant has to submit admission letter and details of college / University.
Applicant has to submit progress report of each semesters.
Loan is to be repaid along with interest in 60 equal monthly instalments. The repayment will start as soon as applicant complete study and obtain degree. During study period the applicant has to pay interest on regular monthly.
Father will stand as co-borrower. • Applicant has to provide two guarantor.
Applicant has to take share @ 1.00% of the limit.

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