Documents required - Retail Loans

FOR INDIVIDUALS:

•    Application Request letter
•    Bio-Data of Applicant
•    Original Income Certificate
•    Photocopy of Citizenship of Applicant and Guarantors
•    Photograph of Applicant and Guarantors
•    Documents required for account opening (for loan disbursal)

FOR INSTITUTIONS:

•    Application Request letter
•    Audited Balance Sheet and Income Statement for last 3 years
•    Projected Balance Sheet and Income Statement for next 3 years
•    Photocopy of Fresh Board Minutes specifying the following
     o    Number of meetings held
     o    Approval for loan mentioning the amount, name of the Bank and security/collateral
     o    Special AGM if required
     o    Authorized person for financial transactions
     o    Authenticated with original
•    Photocopy of Citizenship of Guarantors/ Directors/ Authorized person and Promoters (if required)
•    Photograph of Directors and Guarantors
•    Photocopy of Income tax/ VAT/ PAN Registration Certificate
•    Ownership Structure (with authorized stamp)
•    Renewal of institution (in case of Proprietorship/ Partnership)
•    Photocopy of Tax Clearance Certificate (in case of Proprietorship/ Partnership)
•    Partnership Deed/ Articles and Memorandum of Association
•    Documents required for account opening (for loan disbursal)

IN CASE OF LAND AND BUILDING AS COLLATERAL:

•    Registered charge (mortgage) over the fixed assets
•    Original Property Title Deed (Lalpurja)
•    Original Blue Print of Cadastral Map (Napi Naksa)
•    Photocopy of recent land tax payment receipt from Land Revenue Office
•    Photocopy of Property Ownership Transfer Deed
•    Photocopy of Four Boundary Certificate
•    Original Building Construction (Naksa) Pass Certificate
•    Original Insurance Receipt
•    Relationship Certificates of legal heirs issued by local authority (if applicable)
NOTE:
•    In case of apartments, other documents may be required.
•    Proposed fixed assets have to be valued by the Bank's valuator before accepting such fixed assets as Bank's
     security.

IN CASE OF FIXED DEPOSITS AS COLLATERAL:

•    Original Fixed Deposit Receipt

IN CASE OF GOLD ETF AS COLLATERAL:

•    Original Gold ETF Certificate

IN CASE OF MARKET SHARES/ MARKETABLE SECURITIES AS COLLATERAL:

•    Original Share/ Bond Certificates
•    "No Objection Letter" (Manjurinama) in case of shares/ bonds owned by third party

In all cases, the following documents have to be duly signed and returned by the client

•    Credit Facility Offer Letter
•    Loan Deed
•    Letter of continuity
•    Promissory Note
•    Personal guarantee by spouse/  heirs/  parents/  friends etc. (In case of individuals)
•    Personal guarantee by Directors/ Promoters/ Shareholders etc. (In case of institutions)
•    Corporate guarantee by another institution (if applicable)

REQUIRED DOCUMENTS MAY VARY ON CASE TO CASE BASIS.