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Machinery Loan

Get Machinery Loans up to 90% of Quotation Value

 

Applicant Details

  • Applicant's last two years Income tax Return / Payslip of last 3 months / Notarized income certificate for joint family.
  • Last tax bill / certificate from society chairman/Secretary if applicant owned property.
  • Passport size Photographs of Applicant.
  • Address proof - electric bill /telephone bill (any one) As per KYC norms.
  • Photo proof - Pan card / Voter card / Driving license (Any one) As per KYC norms.
  • 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 Bank account with the bank.

Guarantor Details

  • Passport size photographs
  • Last tax bill
  • Last income tax return copy
  • Address proof - electric bill /telephone bill (any one) As per KYC norms
  • Photo proof - Pan card / Voter card / Driving license (Any one) As per KYC norms

Conditions

  • Loan amount is to be repaid with interest within 84 monthly installments.
  • One guarantors required for Machinery loan.
  • Applicant has to take share of bank @1.00% of the limit