Pusad Urban Bank
 
Product Loan
 
Margin (Addition)
  • 50% of the Project Cost.
  • Position of the receivables to be obtained every quarter certified by the Auditor of the firm within 15 days from the close of the quarter.
  • Statement of work-in-progress to be obtained every quarter certified by the Auditor of the firm within 15 days from the close of the quarter.
  • Property mortgage (Registered).
  • Insurance of mortgage property for full value with Bank clause.
Guarantors
  • Only two guarantors.
Addition
  • Last three years statements of Work Done, Work In Hand, Work In Progress, Project Report, etc.
  • Last three years Balance sheet, IT Returns, Bank's current A/c statement. Projected Balance Sheet.
  • Authorised Sanctioned Map, Authorised Building Construction Permission, Sale Deed, etc.,
  • This scheme is not for purchase of land.
  • Banks' charge should be noted with City Survey Office.
 
 
 
       
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