Ahmednagar Merchants Co-op Bank Ltd

Machinery Loan

When we support business, we also understand what it takes to grow. And hence, AMC stands by you extending its support to purchase the machinery. For your business, for commercial purposes or industrial usage, we cover you up throughout.

We at Ahmednagar Merchant's Co-op Bank Ltd know that certain things need money upfront, to produce money. Hence, imparting this machinery loan for S.S.I 14.50% interest, as we believe in your bright future.

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Documents Requirement for Loan Proposal

Common document's for application:

Loan Application
Machinery Quotation / Estimate ( With List )
Advance Booking Receipt
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
Project Report & Work order (if Applicable)
Rent Receipt with agreement (if applicable)
Our bank account details
Other Bank Loan details with sanction letter & latest 6 month Account Statement ( if applicable)

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.)

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

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
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
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)