Long Term Finance

This facility is used to meet the expenditure of civil construction and other infrastructure development. 

Product Check List:
  • The person has to be an account holder of the bank.
  • Client's formal request in their Letterhead.
  • Duly filled in bank's application and agreement form.
  • Duly filled in related charges documents.
  • TIN (Tax identification no.).
  • VAT (Value Added Tax certificate).
  • CIB report (Credit Information Bureau).

Check List of Documents to Be Submitted Along With Loan Application (It may vary on Product to product)

 1. Audited financial statements of the business concern for the last three years.

2. Provisional financial statements for the half – year ended _________.

3. Audited financial statements of associate concern/s for the last three years.

4. Copy of QIS II for the previous quarter ended ________.

5. Operational details in annexure I.

6. CMA data for the last three years, estimates for current year and projection for the next year.

7. Term loan /DPG requirements in annexure II.

8. List of machinery in respect of machinery offered as security in annexure III.

9. Additional details for export advances furnished in Annexure IV.

10. Property statements of all directors / partners/proprietor / guarantors.

11. Copies of ITAO of the company for the last three years.

12. Copies of ITAOs /WTAOs of the directors/ partners/proprietor and guarantors.

13. Copies of certificate from banks and financial institutions certifying the latest liability with them.

14. Copy of board resolution authorizing the company to apply to your bank for the credit facilities mentioned in application.

15. Copy of memorandum and article of association (in case of limited Company)/partnership deed (in case of partnership (firm)

16. Cash Budget for the current year and next year in case of contractors and seasonal Industries.

N.B: Terms and conditions are subject to change.