Pusad Urban Bank
 
Secured cash credit
 
Eligibility
  • Builders and Developers.
  • Grain Commission agent (Adatya)
  • Transportation License Holder.
Membership
  • The applicant should be a permanent member of the Bank.
Basis for deciding loan limit
  • Up to 50% of main security that is moveble or immovable assets.
  • Up to 20% to 25% of turn over.
Fees and Charge
  • 2.5% Linking sgares
  • Processing fees as per the Bank Rule
  • Stamp duty as per Bank Rule.
Documents required
  • License / Registration copy.
  • Balance sheet up to 10 Lacks un – Audited.
  • Income tax return.
  • Above 10 lacks Audited Balance sheet.
  • Property Documents.
  • Sanctioned Map/ Permission
Guarantors
  • Two guarantors with good network..
  • Should not be defaulter of Bank. .
Collateral security
  • Collateral security is to 200% of limit.
Interest Rate
  • Interest will be charge on monthly basis as per the prevailing rate.
  • penal interest 2% will be charged in case of default.
 
 
 
       
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