Ahmednagar Merchants Co-op Bank Ltd

Business Term Loan

A business term loan is a financial product offered by banks, credit unions, or online lenders that provides businesses with a lump sum of capital, which is repaid over a specified term with interest. Term loans are commonly used by businesses to fund a variety of purposes, such as expanding operations, purchasing equipment, refinancing existing debt, or covering large capital expenses.

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)