Loan

Hypothecation Loan: For Rickshaw, Scooter

Required Documents:

• The loan application form must be fully completed.
• A passport-sized photo, and photocopies of ration card, voter ID card, and PAN card.
• A photocopy of the driving license.
• Details of the rickshaw permit.
• Quotation from an authorized dealer.
• Two guarantors who are members of the bank, along with photocopies of their membership cards.
• Proof of income.

When signing as a guarantor at the bank, the guarantor must bring an identification card.

For the Applicant:

• Photographs: 3 passport-sized photos of the proprietor/partners.
• Proof of Identity: card, Passport, Voter ID, Driving License, etc.
• Financial Statements: Three years’ balance sheets for new credit, including trade account, bank account, and moodi (stock) account; for each renewal loan, the last year's and application date's moodi account.
• Partnership Documents: Copy of the partnership deed/registration certificate of the firm.
• Business Location Proof: Proof of business address, Gumasta license, or Panchayat certificate for rural areas
• Tax Documents: Copy of Sales Tax/TIN number, Business tax, or last paid VAT challan.
• Income Tax Returns: Copy of last year's ITR or two years for new credit.
• Property Documents of Applicant: Property card, ownership certificate, tax receipt, or latest property records.
• Guarantor’s Property Documents: Property card, ownership certificate, tax receipt, or latest property records.
• Stock Statement: Letter showing stock details as of the application date.
• Partner/Guarantor Identification: Xerox copies of identification cards for partners and guarantors (Election Card/PAN Card – any one).
• Machinery Loan: Quotation list for machinery.
• Industrial Unit Registration Certificate: Required for industrial loans.
• Bank Statement: If the applicant holds an account with another bank for new credit, provide the last 6 months’ statement from that bank.

• Sale Documents: Original sale document and two photocopies (with copies of the title deed).
• Land Records: Copy of village record No. 6 (ownership document), 7/12 extract, 8A extract, property card (for rural areas); 13 years’ record.
• Property Tax Receipt: Last property tax receipt.
• No Encumbrance Certificate: Proof that there are no encumbrances or loans on the property.
• Construction Approval: Approved plan, estimate, NA (Non-Agricultural) permission letter, layout plan, or construction approval.
• Valuation Report: clearance certificate from the bank’s approved engineer or lawyer.

A. For Salaried Individuals:

• Last 3 months' salary slips.
• Form-16 for the last two years. If not available, an employer certificate.
• Income Tax Return (ITR) for the last 3 years (if applicable).
• Last Provident Fund (PF) statement and employer-provided employment certificate.
• Proof of Identity: PAN card, Driving License, Passport, Voter ID, or Institution-issued ID card.
• Proof of Address: Electricity bill, Telephone bill, Employer certificate, or Passport (any one).
• Bank statement for the last 6 months (of the account where salary is credited).
• Two passport-size photos.
• Investment details.

B. For Business Individuals:

• Certified copy of Income Tax Returns (ITR) for the last 3 years.
• Certified copy of the last 3 years' Assessment Orders or financial results (balance sheets).
• Partnership deed or firm registration certificate (if applicable).
• Proof of Identity: PAN card, Driving License, Passport, Voter ID.
• Proof of Address: Electricity bill, Telephone bill, Corporation tax receipt, or Passport (any one).
• Proof of business location address.
• Bank statements for the last 6 months (personal and business accounts).
• Two passport-size photos.
• Latest property tax receipt.
• Investment details.

C. For Guarantor (Surety):

• Proof of Address: Electricity bill, Telephone bill, Employer certificate, or Passport (any one).
• Proof of Identity: PAN card, Driving License, Passport, Voter ID, or Member ID card (any one).
• Latest property tax receipt.

D. Title Clearance Certificate from Bank's Authorized Advocate (Documents Required):

• Original Sale Document.
• Land record extracts: 6-Hakkapatra, 7/12, and 8-A, or the latest property card.
• Latest property tax receipt (current financial year).
• No Dues Certificate from the Revenue Department (proof that no government dues are pending on the plot).
• No Objection Letter (for construction permission).
• Approved building plan.
• Estimate of construction cost.
• NA (Non-Agricultural) Permission Letter.
• Layout plan.
• Construction contract (on Rs. 100 stamp paper).
• Property Card.