The document checklist for applying commercial loan is as given below: –
I) Checklist for Loan Sanction
1) Company pan card copy along with stamp & director signature.
2) Pan card copy of all directors.
3) One Passport size colour photograph of all applicants.
4) Copy of residence proof (passport/electricity bill & Aadhaar card copy) of all directors.
5) Copy of office proof (electricity bill/telephone bill).
6) Pan card of shareholders having minimum stake of 51%.
1) CA certified copies with membership number:
a) 3 years latest financials of the company including Saral Copy, computation of income, Balance Sheet, P&L account, Capital Account.
b) 3 years latest financials of all directors including saral copy, computation of income, Balance Sheet, P&L account, Capital Account.
c) Company Annual report.
d) Directors report.
e) Auditor Report and Annexure to auditor’s report.
f) Tax audit report (Form 3CB & 3CD) (42 Points) -If applicable.
g) Copy of company’s Debtors & Creditors aging 1 Year – if case is booked under banking product.
2) Latest 12 months bank account statement of all directors.
3) Latest 18 months bank account statements of all current accounts of the company.
4) Latest 3 years Form no-26 AS.
5) Latest 1 year Copy of GST returns – 3B form.
6) Director’s latest 4 months salary slips.
7) Director’s latest 2 years form 16.
8) Director’s salary credit statement for 6 months.
9) For any rental income receivable b y the director:
a) Copy of registered rental agreement.
b) Latest 1 year bank account statement reflecting the rental credit.
1) MOA & AOA of the company.
2)) List of directors and share holding of the company- CA certified.
3) Business/company profile on the letter head of the company.
4) Business proof – GST registration, Ghumastha or Copy of Aadhar Udoyg.
5) Copy of contract letter- if any.
6) If applicant Director is: a) Chartered Account (CA) – Copy of COP & passing certificate.
b) Doctor – Copy of Degree Certificate.
7) Details of all existing loan along with the sanction letters (for calculating loan obligation) of the applicant-director.
8) Details of all existing loan along with the sanction letters (for calculating loan obligation) of the company.
9) Processing fees cheque in favour of bank/NBFC.
11) Bank form duly signed by applicant (director) and co-applicant/directors/company.
12) Any other documents as required by the credit manager.
II) Checklist For Legal &Technical Document
1) Copy of Prior chains of agreement.
2) Draft agreement copy.
3) Copy of Index 2.
4) OC-Occupancy certificate/CC (completion certificate) + approved Plan copy of the project.
5) Latest copy of property maintenance bill.
6) Copy of Share certificate.
7) Copy of society registration certificate.
8) Copy of latest property tax receipt.
III) Checklist For Disbursement Process
1) Original prior chain of agreement with stamp duty & registration duly paid & along with the copy of index 2.
2) Copy of Occupation Certificate.
3) Original share certificate –front and back- If Issued.
4) Latest Property tax receipt copy.
5) Copy of Society registration certificate.
6) NOC from Builder.
7) NOC from society with chairmen and secretary signature.
8) Resale affidavit agreement to be notarized and signed by all applicants.
9) Docket kit duly franked and signed by all applicants.
10) Facility agreement duly franked and signed by all applicants.
11) Administration Fess –clearance by cheque or DD-demand draft.
12) 7- Security cheque in favour of Bank.
13) For CIDCO/MHADA Property:
a) Copy of conveyance deed & Original NOC & transfer letter from CIDICO/ MHADA if conveyance deed is executed.
b) Copy of tri-party agreement & lease agreement – if conveyance deed is not executed.
14) Seller Details & Documentation –
a) Seller’s self attested pan card copy.
b) Seller’s self attested aadhaar card copy.
c) 3 months bank account statement.
d) Bank’s Seller Verification format duly signed.
15) For Seller BT – (Seller BT- property purchase from seller who is having existing loan on the same property).
a) Seller BT KIT duly franked & signed by the borrower.
b) Copy of Original LOD (list of document) & foreclosure letter is mandatory.
16) OCR (Own contribution) clearance – bank statement & OCR Source.
17) Any other documents as per:
a) Credit Manager’s requirement.
b) Property Legal report.
c) Sanction condition on sanction letter.
18) If applicant partner owns < than 51% stake in the company:
a) All partners & partnership firm to be co-applicant in loan.
b) Financials of all partners & partnership firm.
Note: 1) All documents have to self -attested by respective, applicants & Co-applicants.
2) All property owners have to be on the loan structure.
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