Vyapari Sahakari Bank Maryadit, Solapur

Our Bank never asks for confidential information such as PIN and OTP from customers. Please don’t share personal information.

Term Loan

Prerequisite Rules
Loan Limit Maximum Upto Rs.300.00 Lacs.
Repayment Repayment period for Business Loan will be 5 to 7
Interest Attractive rate of Interest.
Rate of Calculation Interest calculation on daily reducing balance.
Purpose For purchase of Stock, Material, Plant & Machinery, for business. For construction of Shop, Factory Building
Security Hypothecation of Stock, furniture, fixture, plant & Machinery, and Registered Mortgage of Immovable Property.
Guarantors Min Two Guarantors acceptable to bank.
Shares Contribution Shares @ 2.5% of Sanction Limit.
Charges Applicable as per chart CERSAI, Franking Charges, Property Valuation, Search & mortgage Fess as applicable
Processing Fess As per rate chart of Bank + applicable G.S.T
Documents Required
  1. Loan application
  2. PAN Card, Address Proof, latest Photograph, of the Applicant and Guarantors.
  3. All property Related Documents.
  4. In case of Businessman
  5. Proof of Business ( Shop Act, Food & Drugs License etc. as per applicability)
  6. Last 3 years ITR, P& L A/c , Balance sheet
  7. Last 6 months bank statement of business
  8. Insurance : Insurance cover of Flat, Row House & House Property as per bank’s policy.
  9. Any other documents as required by the bank at later stage.

*Conditions Apply. * For More details Please Contact Nearest Branch