Business Overdraft Against Propertyn
Interest Rate (Loans Sanctioned From 01/04/2023)
Overdraft Amount of Rs. 1 crore and above – 10%
Overdraft Amount Less Than Rs. 1 crore - 11%
Margin – 20% of Property Valuation
Documentation 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 Income Tax Assessment Order
Firm’s Last 1 Year's Trading A/C, Profit & Loss A/C and Balance Sheet
- (5) Guarantor's Property Documents : City Surveyor's Certificate / 7/12 Copy / Certificate Given by the Society / Tax Bill
Note : Certified / Self Attested copies should be attached with thisapplication form
Please Note that this list is Indicative. The Bank may ask for further Document If Necessary.