Checklist (Team Loan / Productive Loan)

CHECK LIST:

Documents to be submitted by the Applicant(s), Guarantor(s)

Sole Proprietor Concern:

1. Loan application form
2. Personal statement of borrower(s)
3. Personal statement of guarantor(s)
4. Two passport size photographs of borrower(s) & guarantor(s) each.
5. Financial statements of the concern for last one year.
6. Projected balance sheets for period of loan in case of new concerns/enhancements for loans above Rs.1.00 lac.
7. Cash Flow and Fund Flow Statements.
8. Registration Certificate under shops & establishment Act.
9. Rent deed of business premises, if not owned.
10. No due certificate from other banks
11. Proforma Invoice duly accepted by borrower.

Partnership Concern:

 In addition to above, the following documents are required:
12. Partnership deed.
13. Authority to operate the account.
14. Deed if any executed regarding change/induction of new partner etc.

Private Limited Concerns:
In addition to points at s.no.1-11, the following documents are required:
15. Memorandum of Association.
16. Articles of association
17. Certificate of Incorporation
18. Resolution adopted in the meeting of Board of directors for making request for sanction of loan/limit for Rs.---- and authorization to execute documents for the purpose.

Requirements for Term Loans Collaterally Secured By Registered Mortgage of Property:

19. Title deed of property, latest Fard/Jamabandi.
20. Valuation of Property by approved valuer
21. Proof of title of vendor/seller.
22. Legal opinion from approved legal advisor of the Bank.
23. Non-encumbrance certificate

Documents Required from SSI units:

 In addition to above required documents the below noted documents are required to be obtained:
24. Detailed Project Report from ITCO or other authorized agencies/qualified financial consultants.
25. Copy of provisional/permanent Registration certificate of unit with DIC/SICOP and in case of
Pvt. Ltd. concern with Registrar of Companies
26. Power connected load/Water connection certificates from concerned departments.(If required)
27. NOC from pollution control board.(wherever required)
28. Detail of Plant & Machinery existing/proposed to be installed at the unit.
29. Copy of lease deed with J&K SIDCO along with permission to mortgage.
30. Whether any arrangement made for regular supply of raw material. Furnish copies/agreement.
31. Orders in hand/expected.

Others:

In order to comply KYC norms the following documents be also obtained:
a) Proof of age
b) Proof of address
c) Telephone No./Mobile No. Copy of PAN card/Driving Licence /Electricity Bill/Telephone Bill (Latest).
d) Income Proof, if any

Private Limited Concerns:

1. Registration of Banks’ charge on securities hypothecated to the Bank with Registrar of Companies.

In addition to above following documents are required in case of limits sanctioned against regd. Mortgage of property:

 (i) Mortgage deed duly registered with competent court of law.
(ii) Irrevocable power of attorney duly registered with competent court.
(iii) Mutation in revenue record of property.
(iv) In case the property having no revenue record, a notice for obtaining the same as collateral security mentioning complete details be published in local newspaper for information of public in general.