HYPOTHECATION OF MACHINERY

HYPOTHECATION OF MACHINERY

Purchase of Old or New Machinery by Individual Person, Partnership firm & Company

FEATURES & BENEFITS

  1. Financial Assistance on basis of Business or Professional income.
  2. Low cost, No Prepayment charges.
  3. Guarantee based loan.
  4. Repayment through Daily/Cheque/ECS.
  5. Loan Limit 50% of Machinery Value (Additional 200 % Mortgaged Property Value security required) or Rs. 20 Lakh whichever is less.
  6. Repayment period Upto 84 Months.

ELIGIBILITY

  1. Applicant having/ ready to have membership & ITR & Business Proof.
  2. Applicant should have adequate income available for instalment.

REQUIRED DOCUMENTS

  1. Residential/ ID / Income Proofs – ITR/Business Proof/Photos of Borrower & 2 Guarantors.
  2. Bank Statement.
  3. Machinery Quotation & booking receipt by vendor.
  4. Property Papers with proper building permissions having legal title.

कर्ज : १,२५,०००

मुदत ५ वर्ष

व्याजदर : १५%

कर्ज : १,२५,०००

मुदत ५ वर्ष

Note : नियम व अटी लागू.

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