Bank Finance: Procedure and Formalities Explained

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PROCEDURE & FORMALITIES
FOR BANK FINANCE
 
APPLICATION FORM TO BE SUBMITTED TO BANK WITH
ALL RELATED DOCUMENTS
 VIZ. PHOTO, KYC, INCOME PROOF, PURPOSE OF LOAN,
SERVICE/BUSINESS RELATED DOCUMENTS
INSPECTION / PRE-SANCTIONED SURVEY CONDUCTED
BY THE BANK
SANCTION OF LOAN BY BANK IF PROJECT IS VIABLE
INFORMATION / SANCTION LETTER TO BE SENT TO
BORROWER
LOAN DOCUMENTATION TO BE COMPLETED BY THE
BORROWERS
DISBURSEMENT OF LOAN
POST SANCTION SURVEY AFTER DISBURSEMENT OF
LOAN FOR END USE
ROUTINE INSPECTION AS PER PERIODICITY
KYC DOCUMENTS
KYC DOCUMENTS
ID PROOF
ID PROOF
AADHAAR CARD
PAN CARD
VOTER CARD
DRIVING LISCENCE
PASSPORT
PHOTO IDENTITY CARD ISSUED BY GOVT.
DEPARTMENT/PSU
NREGA JOB CARD
KYC DOCUMENTS
KYC DOCUMENTS
ADDRESS PROOF
ADDRESS PROOF
AADHAAR CARD
VOTER CARD
DRIVING LISCENCE
PASSPORT
PHOTO IDENTITY CARD ISSUED BY GOVT.
DEPARTMENT/PSU
NREGA JOB CARD
RATION CARD
ELECTRIC BILL/ TELEPHONE BILL
INCOME RELATED DOCUMENTS
INCOME RELATED DOCUMENTS
FOR SALARIED PERSON
FOR SALARIED PERSON
INCOME TAX RETURN FOR THE LAST 2/3 YEARS
SALARY SLIP FOR THE LAST 6 MONTHS
FORM 16
 
FOR BUSINESS  MAN
FOR BUSINESS  MAN
INCOME TAX RETURN FOR THE LAST 2/3 YEAR
ALONGWITH COMPUTATION OF INCOME
PROFIT & LOSS STATEMENT/BALANCE SHEET
 
LOAN RELATED DOCUMENTS
LOAN RELATED DOCUMENTS
FOR HOME LOAN
FOR HOME LOAN
OWNERSHIP DOCUMENTS OF LAND/BUILDING/FLAT VIZ.
REGISTRY/TITLE DEED ETC.
REGISTERED AGREEMENT TO PURCHASE LAND /FLAT /
BUILDING
APPROVED MAP OF LAND/BUILDING/FLAT
FOR VEHICLE LOANS
FOR VEHICLE LOANS
QUOTATION OF VEHILE INCOME  TO BE PURCHASED
COMMERCIAL DRIVING LISCENCE  IN CASE OF
COMMERCIAL VEHICLE  LOAN
ROUTE-PERMIT  & REGISTRATION OF TRANSPORT /FIRM
 
LOAN RELATED DOCUMENTS
LOAN RELATED DOCUMENTS
 
 
FOR BUSINESS LOANS
FOR BUSINESS LOANS
DOCUMENTS OF BUSINESS PROOF – REGISTRATION OF
FIRM, PARTNERSHIIP DEED, COMMENCEMENT OF BUSINESS
ETC
PROFIT LOSS STATEMENT / BALANCE SHEET OF LAST 3
YEARS
PROJECTED BALANCE SHEET FOR NEXT 5 YEARS SHOWING
INCOME GENERATION FROM BANK’S LOAN AND REPAYMENT
PROGRAMME
EXPERIENCE CERTIFICATE IN CASE OF NEW BUSINESS/
TECHNICAL TRADE
REQUIREMENT OF LOAN VIZ. FOR INVESTMENT IN
MACHINES & TOOLS/ WORKING CAPITAL OR LOAN FOR
RUNNING BUSINESS
QUOTATION WITH ESTIMATED COST OF  PURCHASING
EQUIPMENTS / GOODS
PERSONAL LOAN
HOME LOAN FOR PURCHASE OF NEW
FLAT/HOUSE, CONSTRUCTION OF NEW / OLD
HOUSE OR RENOVATION/REPAIR OF EXISTING
HOUSE
LOAN FOR PURCHASE OF LAND
VEHICLE LOAN – CAR /TWO WHEELER
PERSONAL LOAN FOR SALARIED PERSONS
EDUCATION LOAN
COMMERCIAL LOAN
LAND & BUILDINGS
LOAN FOR PURCHASE OF LAND / BUILDINGS / FLATS
LOAN FOR CONSTRUCTION OF NEW BUILDING / FLATS
TRANSPORT VEHCLES
CAR(TAXI), AUTO, THREE-WHEELER, TEMPO, MINI-BUS,
MINI-TRUCK, BUS, TRUCK & ALL OTHER COMMERCIAL
VEHICLES
AGRICULTURE LOAN
LOAN FOR TRACTOR & ALL OTHER EQUIPMENTS /TOOLS
RELATING TO AGRICULTURE
LOAN FOR SEEDS, CROP, FERTILIZERS ETC.
COMMERCIAL LOAN
LOAN FOR SMALL/MEDIUM/LARGE INDUSTRIES
LOAN FOR PURCHASE OF LAND/BUILDINGS/TOOLS  &
MACHINES
LOAN FOR PURCHASE OF RAW MATERIAL /FINISHED
GOODS FOR MANUFACTURE/BUSINESS PURPOSE
LOAN FOR MEDIUM & SMALL ENTREPRENUER
LOAN FOR ALL TYPE OF WHOLESALE/RETAIL TRADERS
LOAN FOR ALL ARTISANS & HANDICRAFTS
LOAN FOR HANDICRAFTS, ARTISANS, BARBER, COBBLER,
WASHERMAN, WEAVERS & OTHER WORKERS ETC.
LOAN FOR PERSONALIZED SERVICES
 
DOCTOS
TEACHERS / PROFESSORS
ADVOCATES
CHARTERED ACCOUNTANTS / ICWCA
ARCHITECTS
CONSULTANTS
ENGINEERS
 
 
 
 
THANKS
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Detailed guide on the procedure and formalities for obtaining bank finance, including submission of application forms and required documents, pre-sanction surveys, loan sanctioning, documentation, disbursement, and post-disbursement inspections. Covers KYC documents, income-related documents, and specific requirements for different loan types like home loans and business loans.


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  1. PROCEDURE & FORMALITIES FOR BANK FINANCE

  2. APPLICATION FORM TO BE SUBMITTED TO BANK WITH ALL RELATED DOCUMENTS VIZ. PHOTO, KYC, INCOME PROOF, PURPOSE OF LOAN, SERVICE/BUSINESS RELATED DOCUMENTS INSPECTION / PRE-SANCTIONED SURVEY CONDUCTED BY THE BANK SANCTION OF LOAN BY BANK IF PROJECT IS VIABLE INFORMATION / SANCTION LETTER TO BE SENT TO BORROWER LOAN DOCUMENTATION TO BE COMPLETED BY THE BORROWERS DISBURSEMENT OF LOAN POST SANCTION SURVEY AFTER DISBURSEMENT OF LOAN FOR END USE ROUTINE INSPECTION AS PER PERIODICITY

  3. KYC DOCUMENTS ID PROOF AADHAAR CARD PAN CARD VOTER CARD DRIVING LISCENCE PASSPORT PHOTO IDENTITY CARD ISSUED BY GOVT. DEPARTMENT/PSU NREGA JOB CARD

  4. KYC DOCUMENTS ADDRESS PROOF AADHAAR CARD VOTER CARD DRIVING LISCENCE PASSPORT PHOTO IDENTITY CARD ISSUED BY GOVT. DEPARTMENT/PSU NREGA JOB CARD RATION CARD ELECTRIC BILL/ TELEPHONE BILL

  5. INCOME RELATED DOCUMENTS FOR SALARIED PERSON INCOME TAX RETURN FOR THE LAST 2/3 YEARS SALARY SLIP FOR THE LAST 6 MONTHS FORM 16 FOR BUSINESS MAN INCOME TAX RETURN FOR THE LAST 2/3 YEAR ALONGWITH COMPUTATION OF INCOME PROFIT & LOSS STATEMENT/BALANCE SHEET

  6. LOAN RELATED DOCUMENTS FOR HOME LOAN OWNERSHIP DOCUMENTS OF LAND/BUILDING/FLAT VIZ. REGISTRY/TITLE DEED ETC. REGISTERED AGREEMENT TO PURCHASE LAND /FLAT / BUILDING APPROVED MAP OF LAND/BUILDING/FLAT FOR VEHICLE LOANS QUOTATION OF VEHILE INCOME TO BE PURCHASED COMMERCIAL DRIVING LISCENCE IN CASE OF COMMERCIAL VEHICLE LOAN ROUTE-PERMIT & REGISTRATION OF TRANSPORT /FIRM

  7. LOAN RELATED DOCUMENTS FOR BUSINESS LOANS DOCUMENTS OF BUSINESS PROOF REGISTRATION OF FIRM, PARTNERSHIIP DEED, COMMENCEMENT OF BUSINESS ETC PROFIT LOSS STATEMENT / BALANCE SHEET OF LAST 3 YEARS PROJECTED BALANCE SHEET FOR NEXT 5 YEARS SHOWING INCOME GENERATION FROM BANK S LOAN AND REPAYMENT PROGRAMME EXPERIENCE CERTIFICATE IN CASE OF NEW BUSINESS/ TECHNICAL TRADE REQUIREMENT OF LOAN VIZ. FOR INVESTMENT IN MACHINES & TOOLS/ WORKING CAPITAL OR LOAN FOR RUNNING BUSINESS QUOTATION WITH ESTIMATED COST OF PURCHASING EQUIPMENTS / GOODS

  8. PERSONAL LOAN HOME LOAN FOR PURCHASE OF NEW FLAT/HOUSE, CONSTRUCTION OF NEW / OLD HOUSE OR RENOVATION/REPAIR OF EXISTING HOUSE LOAN FOR PURCHASE OF LAND VEHICLE LOAN CAR /TWO WHEELER PERSONAL LOAN FOR SALARIED PERSONS EDUCATION LOAN

  9. COMMERCIAL LOAN LAND & BUILDINGS LOAN FOR PURCHASE OF LAND / BUILDINGS / FLATS LOAN FOR CONSTRUCTION OF NEW BUILDING / FLATS TRANSPORT VEHCLES CAR(TAXI), AUTO, THREE-WHEELER, TEMPO, MINI-BUS, MINI-TRUCK, BUS, TRUCK & ALL OTHER COMMERCIAL VEHICLES AGRICULTURE LOAN LOAN FOR TRACTOR & ALL OTHER EQUIPMENTS /TOOLS RELATING TO AGRICULTURE LOAN FOR SEEDS, CROP, FERTILIZERS ETC.

  10. COMMERCIAL LOAN LOAN FOR SMALL/MEDIUM/LARGE INDUSTRIES LOAN FOR PURCHASE OF LAND/BUILDINGS/TOOLS & MACHINES LOAN FOR PURCHASE OF RAW MATERIAL /FINISHED GOODS FOR MANUFACTURE/BUSINESS PURPOSE LOAN FOR MEDIUM & SMALL ENTREPRENUER LOAN FOR ALL TYPE OF WHOLESALE/RETAIL TRADERS LOAN FOR ALL ARTISANS & HANDICRAFTS LOAN FOR HANDICRAFTS, ARTISANS, BARBER, COBBLER, WASHERMAN, WEAVERS & OTHER WORKERS ETC.

  11. LOAN FOR PERSONALIZED SERVICES DOCTOS TEACHERS / PROFESSORS ADVOCATES CHARTERED ACCOUNTANTS / ICWCA ARCHITECTS CONSULTANTS ENGINEERS

  12. THANKS

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