NAB Personal Banking

CASH CREDIT / S.O.D.

 

 

 

 

 

Purpose Cash Credit Loans for the purpose of meeting the working capital requirements of youe business
Eligibility Companies / Firms/ Proprietorship / Professionals
Limit of loan

Depending upon repayment capacity and cost of project, Per beneficiary per unit maximum Rs. 100.00 lakh.

Margin: 25% of Stock, 75% of Book Debts / Receivables, 90% of Nsc/KVP/LIC Surrender Value. In any other case, as applicable.

Basis of Advance Based on the Assessment of Credit-Worthiness of the Borrowers and Guarantors.
Repayment Period 1 years on renewal basis.
Rate of Interest 11% to 15% Reducing Rate
Processing fees As per policy of the Bank from time to time
Shareholding/ Membership Contribution As per Bank's Norms
Security Collateral Security of Valued at Minimun 150% of the Loan amount Exposure.
Guarantors Two guarantors as acceptable to the Bank. ( with good net worth)
Documentation
BMCB Checklist for Loan
Applicant Documents For New and Renewal Files
Loan Application Form
3 Sets of KYC of Proprietor / All Partners / All Directors with Originals for Banker Signature
GST Registration Certificate
Any one Government Certificate of Business apart from above i.e. S&Eact, Sales Tax, Service Tax, etc
ITR, SOI, BS, PL, Auditor Report, if any singed by Borrower and Verified by CA Certified for last 3 years
Net Worth Statement of Borrower Certified By CA
MPBF Calculation Sheet
CMA Data / Projection Report Signed by applicant.
CIBIL Report
Application for Membership with Share Certificate as per Internal Norms
Insurance of Stock and Book Debts with banker lien on it
All Bank Statement with last 6 months
Valuation Report
Title Clearance Certificate
Collateral Property Sale Deed & related documents (Society share certi, NOC, allotment & Possesions letter, BU permission)
Municipal Tax Bill of Applicant property
In case of takeover. NOC from prev. Banker
stock / Book Debts statement as on..
 
Guarantor Documents
3 Sets of KYC of Guarantors with Originals for Banker Signature
ITR, SOI, BS, PL, Auditor Report, if any singed by Guarantor and Verified by CA Certified for last 3 years
Net Worth Statement of Guarantor Certified By CA
Whether Total Net Worth of Borrowers & guarantors is > 100% of loan Proposed?
CIBIL Report of the Firm / Company
CIBIL Report of all Concerned Persons
Application for Membership with Share Certificate as per Internal Norms
Municipal Tax Bill of Guarantor property

 

 

 

Apply here