Saraspur Nagarik Co.Operative Bank Ltd.
 
ESTD. 1968
 
આપણી "સરસ" સહકારી બૅંક
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Business-Building Purchase Loan
Business-Building Purchase Loan is available for the purpose of purchase of old/new shop, showroom, godown, shed, office etc.
Applicant details
Last two year’s balance sheet, copy of  income tax return  , copy of  Partner’s personal return in case of firm, Memorandum and Article of Association in case of limited company, resolution for  loan application.
Tax bill of Property.
Three photographs of Applicant.
Business proof of Applicant.
Applicant’s Pan card / Partner’s  Pan Card / Limited Company’s Pan card.
Bank statement.
Applicant has to show all original documents to the bank for verification with zerox copy. Original documents will be returned to applicant after verification.
Guarantor details
Photograph-two copies
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
Original documents of property to be submitted to the bank.  Registered mortgage of property to be done in the name of bank.Bank charge will be noted in Association / society’s book.
Valuation of the property will be required in case of old property. Bank will give loan of 70% of valuation amount.(for old property)
Bank will give loan if property is having N.A.N.O.C and BU permission.
Applicant will have to take insurance of the building in favour of bank.
One guarantor required for loan.
Loan amount with interest will be repaid within 120 equal monthly instalments.
Applicant has to submit original share certificate of the Society/Association, Municipal Tax bill, Tax receipt, sale deed etc, for registered mortgage of the property.
Title clearance and valuation report will be done by approved lawyer and valuer of the bank. Applicant has to pay their fees.
Applicant has to take share @2.50% of the limit.
Processing charges of Rs.2000/- will be levied on sanction.
   
Personal Loan
Hire Purchase Auto Loan
Housing Loan
Doctors Loan
Consumer Durable Loan
Education Loan
Machinery Term Loan
Business Building Purchase Loan
Hypothecation of stock / Book Debts
Business Mortgage overdraft/ Loan
 
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