Ahmednagar Merchants Co-op Bank Ltd

Business Loan

The statistics say, smaller businesses in the digital era need no huge investment. Thus making the small and micro business loan application number to be declined in 2019. However, large business modules and industrial level businesses, have seen to be accelerating the application for business loans.

We at Ahmednagar Merchant's Co-op Bank Ltd, extend the business loan at the minimal and the best rate of 8%. Claim your business loan today to get started sooner on your ideas.

Nearest branch

Documents Requirement for Loan Proposal

Common documents for application:

Loan Application
Business / Registered Office Address Proof
Shop Act / SSI Registration & Udyam Regi. Certificate
GST Certificate & GSTR3B return (12 months)
Other Business related Licences
CIBIL report & No Dues Certificate
Stock Statement ,Debtors & Creditors List (as on date)
Project Report & Work order (if Applicable)
Rent Receipt with agreement (if applicable)
Other Bank Loan details with sanction letter & latest 6 month Account Statement ( if applicable)
Our bank account details

Type of collateral security taken by the bank

Property : N.A. Plot / Building Fresh 7*12 Extract , Sale deed Lease Agreement (if applicable)
Latest Share Demat holding statement
Fix Deposit Receipt (only AMC Bank)
Latest L.I.C. Surrender Value (only Life Insurance Corp.)

Note:

Security will be required for all loans (any above value should equal to principal approval )
Property valuation and search report will be taken after principal approval.

If applicant is Proprietorship Firm :

Photo , Pan Card & Aadhar Card
Latest 2 year Financial statement with schedules
Latest 2 year ITR With Computation of Income
Tentative Financial Statement with schedules

If applicant is partnership Firm :

Partnership Deed with Registration copy
Firm Pan Card
Latest Firm 2 year Financial statement with schedules
Latest Firm 2 year ITR
Firm Tentative Financial Statement with schedules
Photo, Pan Card & Aadhar Card of all Partners
Partners latest 2 year ITR with Computation of Income

If application is Pvt.Ltd. or Ltd. Company

Company Pan Card
Article of Association & Memorandum of Association
ROC Registration Certificate
All Directors list with Phone No & Address
Board Resolution for loan requirement
Latest company 2 year Financial statement with schedule
2 year Company ITR
Company Tentative Financial Statement with schedules
Photo, Pan Card & Aadhar of all Directors
All directors latest 2 year ITR with Computation of Income
All Directors Net Worth Certificate

Document's of two Guarantor

Photo , Pan Card & Aadhar Card
Business Address Proof
Shop Act/SSI Regi. & Udyam Regi. Certificate
Latest 2 year Financial statement with schedule
Latest 2 year ITR With Computation of Income
Form no. 16 with latest 3 month pay slip (if applicable)