Mon - Sat : 10.30 am - 6.00 pm, Sunday - 2nd & 4th Saturday Closed

Bank Road, Halol-389350 Dist-Panchmahal.

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Fixed Deposit

5.50%

Individual (365 Days)

6.00%

Senior Citizen (365 Days)
Loan

Machinery Loan

Machinery Loan:

  • Machinery term loan is available for purchase of old/new machinery. Trading / Manufacturing units, Traders , Business community can avail credit facility for development of business
Applicant details :
  • Applicant’s last two years Income tax Return /last years balance sheet and profit & loss account of firm/company
  • Last tax bill / certificate from society chairman/Secretary if applicant own property
  • Applicant should have Savings/ current Bank account with the bank.
  • 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.
  • 3 Photographs of Applicant
  • Address proof – electric bill /telephone bill- land line /Aadhar card (any one) As per KYC norms.
  • Photo proof – Pan card / Voter card / Driving license (Any one) As per KYC norms
Guarantor Details:
  • Photograph-2 copies
  • Last tax bill
  • Last income tax return copy /Pay Slip
  • Address proof – electric bill /telephone bill- land line (any one)
  • Photo proof – Pan card / Voter card / Driving license/Aadhar card (Any one)
Conditions:
  • Two guarantors are required.
  • Bank will sanction loan 80% of quotation amount for new machinery. Applicant has to deposit margin money with bank. Bank will issue banker cheque to dealer.
  • Loan will be repaid with interest within 60 equal monthly instalments.
  • Applicant has to submit 60 cheques for repayment of instalments and remaining cheques as per bank's instruction
  • Applicant has to take share of bank @ 2.5% of the limit.