The Union Co.op. Bank Ltd.
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  The Union Co-op. Bank Ltd.
  Naroda,
  B/h Old Naroda Police station,
  Naroda,Ahmedabad-382330
  Phone : (079)-22837500
  Email :
  Fax : (079)-22820943
   
 
Hypothecation Cash Credit / Clean Cash Credit / Cash credit Against Property
Purpose: For working capital
Rate Of Interest

11%

Margin Against stock – 30%
 

Against book debts – 50%

Duration 1 year (renewable)

Clean Cash Credit (Unsecured) Maximum Limit is of Rs. 5,00,000. - Rate 15%

Documentation:
 

For Applicant -

  1.  Passport Size Photos
 

2.  Photo ID - Pancard / I-Card (Ele. Card / Driving Licence / Passport / Aadhar Card)

 

3.  Date of Birth proof

  4.  Applicant’s Income Proof :
  (i)  In case of a Firm/Co.
 
      • PAN Card and Registration of Firm
      • Copy of Partnership Deed (in case of partnership firm). 
      • In case of private limited co., a copy MoA or AoA
      • Copy of Income Tax return and Statement of Total Income
      • Firm’s Last 3 Years’ Trading A/C, Profit & Loss A/C  and Balance Sheet with Schedules.
      • Business Proof (Any Govt. Certificate) - Partner's or Director's IT Return.
 

5.  If maintaining account with other bank then copy of bank statement and details
     of loan availed, if any.

 

6.  Property Documents :

 

Partners’or directors’ City Surveyor’s Certificate / 7/12 Copy / Certificate Given by the Society / Tax Bill

 

7.  Sales Tax return copy of last year and copy of last year’s sales tax payment receipt.

  8.  Detailed list of last month’s stock.
  9.  Detailed list of last three months’ book debts.
 

For Guarantor -

  1.  Passport Size Photos
 

2.  Photo ID - Pancard / I-Card (Ele. Card / Driving Licence / Passport / Aadhar Card)

 

3.  Date of Birth proof

 

4.  Income Proof :

 

(i)  If employed, salary slip of last month and copy of Form-16, IT Return and
Statement of Total Income

  (ii)  In case of a Firm/Co.
 
  • Copy of Partnership Deed (in case of partnership firm)
  • Copy of Income Tax Assessment Order In case of private limited company,
  • a copy of Memorandum and Articles of  Association
  • Firm’s Last 1 Year's Trading A/C, Profit & Loss A/C  and Balance Sheet
  5.  Property Documents :
City Surveyor’s Certificate / 7/12 Copy / Certificate Given by the Society / Tax Bill
 

Note : 1.  Every month’s stock statement/book debts to be submitted within 1st to 5th
                day of the month

  2.  Certified / Self Attested copies should be attached with this application form
 

Please Note that this list is Indicative. The Bank may ask for further Document If Necessary.

  The Union Co-op. Bank Ltd.
  Nikol
  B-3-4, Galaxy Business Park,
  Nikol Cross Road,
  S.P.Ring Road,Ahmedabad-382350
  Phone : (079)-29704521
  The Union Co-op. Bank Ltd.
  Saijpur
  Opp. G.D. Bus Stand
  Saijpur Bogha,
  Ahmedabad
  Phone : (079)-22844304,22822360