Get Adobe Flash player

Hypothecation Loan

hypothecation loan

Just step into Mahesh Nagari & we will make your dream come true.

Features
  • Suitable Rate of Interest ( i.e.15 % )& EMI's.
  • Simplified paperwork.
  • Easy payment options.
  • No hidden charges or heavy penalties

 


 

Who Can Apply
  • When the borrower applies for the loan whether the application made is in the boundary line of the organisation, taking the proper help of documents provided by the organisation.
  • Whether necessary documents are attached or not.
  • Beyond that the important thing is the eligibility of the borrower to refund the loan.According to Maharashtra State Co-operative Credit Society Act 2002 the borrower is required to be the member /nominal member of the organisation.
  • Stock of goods machinery, loan for party engages in occupation or self-employment.
  • Borrowing limit is upto 25 Lakhs.


Documents Required

If Applicant is employee.

  • Savings Account in Mahesh Nagari atleast from 6 months and 3 Photos.
  • If the borrower has day other borrowing in any other Banks then this NOC (No Obligatory Certificate and borrowing aim proof).
  • Xerox copy of Applicant and guarantor's rationing card/ voters ID/ Light Bill/ Telephone Bill/ Driving license/ Aadhaar card / Pan Card.
  • Applicants Bank statement (for last 1 year).
  • Applicants original LIC policy and receipt of Last installment.
  • Applicant's undertaking (as per given format).
  • Postdated Cheques.
  • Last 3 three months salary slip (original) with the sign on Account department and salary certificate.

And If applicant is businessman.

  • Savings Account in Mahesh Nagari atleast from 6 months and 3 Photos.
  • If the borrower has day other borrowing in any other Banks then this NOC (No Obligatory Certificate and borrowing aim proof).
  • Xerox copy of Applicant and guarantor's rationing card/ voters ID/ Light Bill/ Telephone Bill/ Driving license/ Aadhaar card / Pan Card.
  • Applicants Bank statement (for last 1 year).
  • PAN/ TAN, GIR number-xerox copy along with original for verification.
  • Applicants original LIC policy and receipt of Last installment.
  • Nature of business, sourse of income, anual turnover, net worth, net profit (as per latest balance sheet).
  • Postdated Cheques.
  • Shop-act Licence.
  • Stock statements.
  • Original Document of Property- 7/12, sale deed, Index II, Search report, Valuation report.
(*Condition Apply)