Documents Required for Loans by the Banks

 Term Loan

1. Audited Financial Statement of last 3 years along with Income Tax Return Acknowledgement.
2. Provisional Balance Sheet for the current year.
3. Projection of Sales , Purchase, Stock & Raw Material Consumption for the next 5 years.
4. Quotation of Machinery to be purchased.
5. Installed Capacity, Licensed Capacity - existing & proposed, Envisaged Capacity Utilisation.
6. Details of Raw Material requirement, calculation, how desired ?Source of supply and supply position. Cost of raw material supported by current quotation.
7. Catalogue / Brochure of Machine.
8. Maintenance arrangement & costs thereof.
9. Project implement schedule.
10. Cost already incurred.
11. Sources of such expenditure.

Housing Loan

1. Financial Statement of last 3 years along with Income Tax Return Acknowledgement.
2. Provisional Balance Sheet for the Current Year.
3. Copy of Pay Slip and Form No. 16.
4. Agreement of Sale of House Property to be purchased.
5. Copy of Last Municipal Tax Paid Receipt.
6. Copy of Sanctioned Plan.
7. Receipt of Advance Money Paid to Promoter/Seller.
8. Collateral Security Offered.

Car Loan

1. Financial Statement of last 3 years along with Income Tax Return Acknowledgement.
2. Provisional Balance Sheet for the Current Year.
3. Copy of Pay Slip and Form No. 16.
4. Quotation of Car to be purchased.
5. Receipt of Advance Money Paid to Seller.
6. Statement showing repayment schedule.