This document provides an overview of the documentation required by banks for different types of loans. It begins with an introduction to the loan process and then discusses the basic documents required for all loan types, such as the loan application form, KYC documents, and CIBIL report. It then examines specific additional documents needed for various loan categories, such as housing loans, gold loans, cash credit/overdraft facilities, and car loans. Examples of loan application formats and a sample CIBIL report are also included for reference. The document aims to educate borrowers on the paperwork involved in securing different types of loans from banks.
elationship between banker and customer
,
definition of a banker and customer
,
definition of banking
,
general relationship between banker and customer
,
relationship as debtor and creditor
,
special relationship: banker as trustee
,
pawner and pawnee
,
bailer and bailment relationship
,
mortgager and mortgagee relationship
,
executer
,
attorney
,
guarantor
,
duties of a customer
,
rights and duties of the banker towards the custom
,
rights of a banker
,
garnishee order
elationship between banker and customer
,
definition of a banker and customer
,
definition of banking
,
general relationship between banker and customer
,
relationship as debtor and creditor
,
special relationship: banker as trustee
,
pawner and pawnee
,
bailer and bailment relationship
,
mortgager and mortgagee relationship
,
executer
,
attorney
,
guarantor
,
duties of a customer
,
rights and duties of the banker towards the custom
,
rights of a banker
,
garnishee order
This project report has been prepared as per the requirement of the syllabus of
MBA course structure under which the students are the required to undertake
project.
It was a first hand experience for us as that we were exposed to the professional
set-up and were facing the market, which was really a great experience.
During project period, I had very touching experiences. When business is involved,
experiences counts a lot, as we know, experience are an instrument, which leads
towards success.
Studied the objectives,code of bank’s commitment to customers, The micro.small and medium enterprises development act 2006,code of bank’s commitment to MSEs and banking ombudsman
100 marks topics for banking and insurance projectsbanking-insurance
Complete topics for 100 marks project for banking and insurance
http://www.managementparadise.com/forums/banking-insurance-final-100-marks-projects/16283-topics-100-marks-project-banking-insurance.html
Computerized banking system is a proven, secure, modular, on-line, real-time, flexible, scalable, multi-currency. It is user friendly, easy to manage, and easy to operate information system, based on fully integrated and co-operative components.
This slide explain difference between Traditional banking and e-banking. Its presence, accessibility, customer service and time. This slide helps to the beginners who studying banking.
Introduction to Banking, Evolution of Banking, History of Banking system, Route map from traditional banking to Modern banking, Modern Banking system and its evolution, Growth of Indian Banking System
out line of this Presentation.
Elaboration of Mobile banking.
What is the Mobile banking.
How to connect with Mobile banking.
Features & Benefits of Mobile banking.
Advantages & Disadvantages of M-banking
Mobile banking in world.
Mobile banking in sri lanka.
This presentation will give you an idea about merchant banking and it's origin. You can understand the meaning, advantages and disadvantages of marchant banking and also discussed the functions of marchant banks.
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Credit building accelerates asset building. Participants in this session will learn the value of credit building as an asset building strategy and an opportunity for strengthening your clients’ financial capabilities. Participants will learn about what credit building is and basic considerations for integrating credit building into your programs. We will explore credit building innovations including a pilot program here in Oregon that helps clients automatically build credit while fulfilling their IDA savings plan.
Sarah Chenven, Credit Builders Alliance
Nancy Yuill, Innovative Changes
This project report has been prepared as per the requirement of the syllabus of
MBA course structure under which the students are the required to undertake
project.
It was a first hand experience for us as that we were exposed to the professional
set-up and were facing the market, which was really a great experience.
During project period, I had very touching experiences. When business is involved,
experiences counts a lot, as we know, experience are an instrument, which leads
towards success.
Studied the objectives,code of bank’s commitment to customers, The micro.small and medium enterprises development act 2006,code of bank’s commitment to MSEs and banking ombudsman
100 marks topics for banking and insurance projectsbanking-insurance
Complete topics for 100 marks project for banking and insurance
http://www.managementparadise.com/forums/banking-insurance-final-100-marks-projects/16283-topics-100-marks-project-banking-insurance.html
Computerized banking system is a proven, secure, modular, on-line, real-time, flexible, scalable, multi-currency. It is user friendly, easy to manage, and easy to operate information system, based on fully integrated and co-operative components.
This slide explain difference between Traditional banking and e-banking. Its presence, accessibility, customer service and time. This slide helps to the beginners who studying banking.
Introduction to Banking, Evolution of Banking, History of Banking system, Route map from traditional banking to Modern banking, Modern Banking system and its evolution, Growth of Indian Banking System
out line of this Presentation.
Elaboration of Mobile banking.
What is the Mobile banking.
How to connect with Mobile banking.
Features & Benefits of Mobile banking.
Advantages & Disadvantages of M-banking
Mobile banking in world.
Mobile banking in sri lanka.
This presentation will give you an idea about merchant banking and it's origin. You can understand the meaning, advantages and disadvantages of marchant banking and also discussed the functions of marchant banks.
Supersize that IDA: How enhancing your programs with credit building can achi...NeighborhoodPartnerships
Credit building accelerates asset building. Participants in this session will learn the value of credit building as an asset building strategy and an opportunity for strengthening your clients’ financial capabilities. Participants will learn about what credit building is and basic considerations for integrating credit building into your programs. We will explore credit building innovations including a pilot program here in Oregon that helps clients automatically build credit while fulfilling their IDA savings plan.
Sarah Chenven, Credit Builders Alliance
Nancy Yuill, Innovative Changes
What Is A Working Capital Loan?
Why Firms Need Working Capital Loan?
Advantages of Working Capital Loan
Types of Working Capital Loans
Eligibility for working capital loan
Documents required
How to apply for a working capital loan
CSP Bank Mitra BC-Your trusted partner for All Bank CSPCSP Bank Mitra BC
www.cspbankmitrabc.net.in - Do you want to process your All Bank CSP application quickly and successfully? Do you like to work as a Bank Mitra for the leading nationalized banks in India? Then, contact CSP Bank Mitra BC, as we are the only service providers to have a strong relationship with all foremost banks in India. Thus, we can process your All Bank CSP application efficiently and swiftly.
HOW TO GET A SMALL BUSINESS LOAN TO START A BUSINESSRanjan Malhotra
Lendingkart Technologies Private Limited is a fin-tech startup in the working capital space. The Company has developed technology tools based on big data analysis which facilitates lenders to evaluate borrower’s credit worthiness and provides other related services.
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Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
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What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
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RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
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Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
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This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
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1. Eyes of Banks on the Documentation
required for Different Types of
Borrowers.
10 March 2017 1FCA Devang, 9586555997
2. Index
• Introduction
• Loan Process
• Basic Documents for all types of Loans
• Specific documents required for each category
of Loans
• Practical demonstration of Loan paper work.
10 March 2017 2FCA Devang, 9586555997
3. Introduction
A bank is an institution which accepts deposits from
the public as well as lend money to the public.
From the definition itself it is clear that one of the
primary function of a bank is lending of money.
The main earnings of a banking institution is the
interest from their customers(i.e., debtors). So, it
is very essential to lend money to the public via
loans and advances.
A loan is a debt provided by one entity to another
entity at an interest rate ,For a specific period of
time.
10 March 2017 3FCA Devang, 9586555997
4. Different Types of Loans
There are many forms of loans as follows:-
• Overdraft
• Cash credit
• Credit cards
• Housing loan
• Vehicle loans
• Education loan
• Personal loan
• Gold loan
• Consumer loans
• Gold loans
• Loan against pension
• Loans to Professionals
10 March 2017 4FCA Devang, 9586555997
5. Process of Granting Loans
Loan application
CIBIL check
Submission of Required
documents
Approval of loan
10 March 2017 5FCA Devang, 9586555997
6. Basic Documents for all types of Loans
• Loan Application Form
• KYC
• CIBIL
• Signature on the Form
10 March 2017 6FCA Devang, 9586555997
7. Loan Application form.
• Different Banks have designed their own set of
information required.
• Each form varies depending on the purpose for which
the loan is needed.
• Online application form is also available.
• Sample formats of the Loan Application form is
attached herewith.
• From the point of view of Banking, an application form
should be designed in such a way that the person’s
financial data as well as personal data are fetched in
order to know the person. (P’s of Principles of Lending )
10 March 2017 7FCA Devang, 9586555997
9. Sample format- Common Loan
Application Forms
• Refer Sample format of Word of Central Bank
of India, separately attached.
PART-I
LOAN APPLICATION FORM
(Basic Information common to all Schemes)
To,
THE BRANCH MANAGER
CENTRAL BANK OF INDIA
------------------------------------
I/We request for a loan of Rs.________________ under ___________________ Scheme for
the purpose ________________________________________________________.
I/We furnish our particulars as below.
APPLICANT JOINT-APPLICANT
NAME (in block letters)
PAN Number
Fathers/Husbands Name
Relationship with
Co-Applicant / Applicant
Residential Address
Present Address:
Period of stay at the above
Address
Tel No.:
Mobile No.:
E Mail :
Permanent Address:
PHOTOGRAPH
OF
JOINT-APPLICANT
PHOTOGRAPH
OF
APPLICANT
10 March 2017 9FCA Devang, 9586555997
10. • Refer Sample format of Working capital Loan
above 40 crores. Also refer, Mudra Loan
Application form.CORPORATE BORROWER - (APL-3)
APPLICATION FORM FOR LOAN OF ABOVE Rs 40 CRORE FOR
WORKING CAPITAL (FUND BASED/ NON FUND BASED) & TERM LOAN
BORROWER PROFILE
Name
Constitution Partnership/Private Ltd/Public limited
Date of incorporation/
Date of Establishment
Registered Office
Corporate Office
Company Identification Number (CIN)/
Registration Number in case of
Partnership
Banking with us since/New Relationship.
Names of Partners/ Main Promoters
Manufacturing Facility (Locations)
Name of the Contact person & phone no.
E-Mail Id
Name, address &membership number of
the Company’s Statutory Auditors /
Name, address &membership number of
the Firm’s Auditors
2. EXTERNAL RATING
Agency Rating Date of Rating Purpose Valid up to
Denoting
2a. MARKET PERCEPTION
Share Price as on:
Listed on/with:
Face Value:
High/Low (last 52 weeks)
Market Capitalization as on last ABS in
case of listed companies
10 March 2017 10FCA Devang, 9586555997
11. Digitalization of Home Loans• These days, most banks and Non-Banking Financial Companies (NBFCs) have an online presence
through their websites. Some have upgraded their web and mobile technologies so as to provide a
high degree of convenience to their customers. Individuals seeking finance may obtain all loan-
related details as well as apply for a loan through the internet.
• If you wish to obtain finance for purchasing your dream home, you may apply for a housing loan
online. Most financial institutions offer lowered interest rate as they do not have to incur any
physical expenses. Besides, you may reap the numerous benefits such online loans have to offer.
• Following are five benefits of digitalization of housing loans.
• 1. Get all loan-related details
• Lenders upload finance-related details on their website. The online portal provides information about
the home loan eligibility and documentation required. Such websites also provide comprehensive
information about interest rates, loan tenure, fees and charges, loan limit, besides others. You may,
therefore, gain adequate knowledge before you avail of a housing loan.
• 2. Conduct extensive research on numerous options
• Since various lenders have differential interest rates, you may conduct thorough research on the rates
of numerous lenders and make a choice accordingly. You may also compare other factors like loan
tenure, repayment options, and loan limit, besides others. You may, therefore, select the lender
offering the best deal, based on your needs.
• 3. Calculate the instalment amount
• Lenders offer a digital calculation tool, known as an Equated Monthly Installment (EMI) calculator
that helps you calculate the EMI amount. Such digital tools simplify the calculation process, which
would otherwise be a cumbersome and time-consuming task. Online EMI calculators help in
calculating the EMI amount based on your financial position. You may increase or decrease the EMI
amount according to your cash inflow and expenses.
10 March 2017 FCA Devang, 9586555997 11
12. Digitalization of Home Loans
• 4. Apply for a loan
• Traditionally, it was necessary to visit the lender’s branch and submit the
loan application along with the necessary documents. However, with the
advent of digitalization, you no longer have to invest time and effort to
visit the lender’s branch. You may apply for a home loan on the lender’s
website from the comfort of your home.
• 5. Get amortization schedule online
• An amortization schedule is generally displayed in a tabular format. It
shows the EMI payment history as well as the outstanding loan amount.
The amortization schedule also helps to determine the monthly amount
paid towards the principal and interest. The online amortization schedule
enables you to determine your pending payments and helps you plan your
finances accordingly.
• Digitalization has helped banks and NBFCs increase their connectivity with
not only customers but also employees. It is, therefore, important that
lenders implement digital methods in order to provide customer-centric
experience and gain an edge over their competitors.
10 March 2017 FCA Devang, 9586555997 12
14. FAQ on KYC as per RBI guidelines
• 1. What is KYC? Why is it required?
• Response: KYC means “Know Your Customer”. It is a process by which banks obtain information about the identity and
address of the customers. This process helps to ensure that banks’ services are not misused. The KYC procedure is to be
completed by the banks while opening accounts. Banks are also required to periodically update their customers’ KYC details.
• Q2. What are the KYC requirements for opening a bank account?
• Response: To open a bank account, one needs to submit a ‘proof of identity and proof of address’ together with a recent
photograph.
• Q3. What are the documents to be given as ‘proof of identity’ and ‘proof of address’?
• Response: The Government of India has notified six documents as ‘Officially Valid Documents’ (OVDs) for the purpose of
producing proof of identity. These six documents are Passport, Driving Licence, Voters’ Identity Card, PAN Card, Aadhaar
Card issued by UIDAI and NREGA Job Card. You need to submit any one of these documents as proof of identity. If these
documents also contain your address details, then it would also be accepted as ‘proof of address’. If the document
submitted by you for proof of identity does not contain address details, then you will have to submit another officially valid
document which contains address details.
• Q4. If I do not have any of the documents listed above to show my ‘proof of identity’, can I still open a bank account?
• Response: Yes. You can still open a bank account known as ‘Small Account’ by submitting your recent photograph and
putting your signature or thumb impression in the presence of the bank official.
• For further questions you can refer the word file seperately attached detailed guidelines of RBI on KYC or you can go to the
following link https://www.rbi.org.in/scripts/FAQView.aspx?Id=82
10 March 2017 14FCA Devang, 9586555997
15. CIBIL
• Credit Information Bureau (India) Limited (CIBIL) is India’s first
Credit Information Company (CIC) founded in August 2000. CIBIL
collects and maintains records of an individual’s payments
pertaining to loans and credit cards. These records are submitted to
CIBIL by member banks and credit institutions, on a monthly basis.
This information is then used to create Credit Information Reports
(CIR) and credit scores which are provided to credit institutions in
order to help evaluate and approve loan applications. Since its
inception, CIBIL has come to play a critical role in India’s financial
system. Whether it is to help loan providers manage their business
or help consumers secure credit faster and at better terms, the use
of CIBIL’s products have led to a significant change in the way the
credit life cycle is managed by both loan providers and consumers.
10 March 2017 15FCA Devang, 9586555997
16. Sample CIBIL Report (www.cibil.com)
• Sample cibil report is attached for your reference
and better understanding of the topic.
• IF YOU ARE PLANNING TO APPLY FOR A LOAN OR
CREDIT CARD ANYTIME SOON; CHECK YOUR
CREDIT SCORE FIRST!
• Your CIBIL TransUnion Score ranges between 300
and 900.
• 79% of the loans approved are for individuals
with a score greater than 750.
• Higher your CIBIL TransUnion Score, higher are
your chances of Loan Approval.
10 March 2017 16FCA Devang, 9586555997
17. FAQ on CIBIL
Refer the guide on CIBIL
10 March 2017 17FCA Devang, 9586555997
18. Specific Documents.
Practical demonstration of following documents
are attached in the file. Please refer :
• Valuation report of property.
• Title clearance report of property.
10 March 2017 18FCA Devang, 9586555997
19. Specific Documents required
• Housing Loan
Over and above the common documents,
• If you are also required to execute the document for transferring
the Legal title from your name to the name of Bank.
• If you are taking Fresh Loan from the Builder, than Builder will
transfer the property in the name of the Bank itself. The property
documents will be handed over by the Builder to the Bank.
• For this, they will have to approve the project and it is know as
Project Approval Number, which they take form the Bank.
• Banks will approve only those projects, wherein the title of the
Builders is clear.
• Certain Banks are not involved in mortgaging your property. They
just take the original documents form you. In this case, there are no
mortgage charge involved, stamp duty of which is 0.35 of the Loan
amount.
10 March 2017 19FCA Devang, 9586555997
20. Housing Loan
• Income Proofs.
• If you are Appling the loan in joint name, than all
the documents of the joint applicant will also be
required.
• Title Clearance of the panel lawyers is required.
• Valuation report of the panel lawyers is required.
• All original property documents such as Sale
Deed (Dastavej), Original Index, Original Share
Certificate in case of Cooperative Housing Society,
Map of the Society as approved by the Municipal
Corporation, to be handed over to the bank.
10 March 2017 20FCA Devang, 9586555997
21. Mortage Loan
• Common Documents
• Legal and Valuation report of the panel valuers.
• All original property documents such as Sale
Deed (Dastavej), Original Index, Original Share
Certificate in case of Cooperative Housing Society,
Map of the Society as approved by the Municipal
Corporation, to be handed over to the bank.
• Please note housing loan interest is allowed as
deduction under income tax and not mortage
loan interest.
10 March 2017 21FCA Devang, 9586555997
22. Gold Loan
• Gold to be given.
• They will value Gold either in-house or as per
the empanelled Valuers or Government
approved Gold Values.
• For, males members, very tough loan as it
involves the sentiments.
• Since, it is cheaper and available easily, it is
gaining lot of importance.
• Margin ranges from 25 to 35 percent.
10 March 2017 22FCA Devang, 9586555997
23. Gold loan interest rates as on 24.01.2017
Bank
•Gold Loan Interest
Rates
Schemes
SBI
11.05% - 11.05%
EMI Scheme, Overdraft
scheme
Muthoot
12.00% - 24.00%
EMI Scheme, Bullet
Repayment Scheme
HDFC Bank
4.5/5
20 votes
11.00% - 13.00%
EMI Scheme, Bullet
Repayment Scheme,
Overdraft scheme
Canara Bank
12.65% - 12.65%
Bullet Repayment
Scheme
What is a 'Bullet Repayment'
A bullet repayment is a lump sum payment for the entirety of a loan amount paid at maturity. Loans with bullet
repayments are also referred to as balloon loans, and are commonly used in mortgage and business loans to
reduce monthly payments. The existence of a bullet repayment due at a loan’s maturity often necessitates
advanced planning to have a refinancing facility in place, unless the borrowers have cash to pay off the lump
sum.
10 March 2017 23FCA Devang, 9586555997
24. Gold Loan by Cooperative society
• The Reserve Bank today doubled to Rs 2 lakh the amount of loan furnished
by cooperative banks under the Gold Loan Bullet Repayment scheme.
Earlier, all state and central cooperative banks were permitted to grant
gold loans up to Rs 1 lakh with bullet repayment option. "On a review, it
has been decided to increase the quantum of loan that could be granted
under the scheme, from Rs 1 lakh to Rs 2 lakh subject to conditions," RBI
said in a notification. The period of the loan shall not exceed 12 months
from the date of sanction. Under the bullet repayment scheme, the banks
need to maintain loan to value ratio of 75 percent on the loan amount
including the interest. However, if it is not maintained the loan would be
treated as a non-performing asset (NPA), RBI added. Also, the interest will
be charged to the account on monthly basis but will become due for
payment along with principal only at the end of 12 months from the date
of sanction, it said. State and central co-operative banks grant loans for
various purposes against the security of gold/gold ornaments as part of
their lending policy. (Source : 08, Jan 2015, money control )
10 March 2017 24FCA Devang, 9586555997
25. Cash Credits or Overdraft
• All the paperwork.
• If you are not a regular customer and also in the current scenario,
bank is asking to mortgage the property. Hence, all the property
documents as discussed earlier would be required.
• Projected Balance Sheet, Profit and Loss account, CMA data would
be required.
• Borrower has to regular submit stock and Debtors statement in
order to get DP.
• Certain products of the Bank are such that DP is not required to be
maintained.(O/D against property which is higher than CC since,
end use is not trace).
• For, All CC limits end use is traced hence, stock or debtors
statement is given and also the rate of interest is lower.
10 March 2017 25FCA Devang, 9586555997
26. Car Loans
• All the documents
• Mortgage of Car Papers
• Income proofs are also required.
• Bank will make payment directly to car dealers.
• Margin money ranges between 10-15%.
• Also, second hand car finance is available.
• Chassis no. of the car is taken on paper, after you take the delivery.
• Original Invoice, Margin money payment slips RC Book, original is also taken by the
bank.
• On Digital RC Book, the name of bank is shown. The Financing Banks name is
recorded in the software’s of RTO Authorities. Please find attached photo. (See
Next Slide )
• Once car Loan is repaid, you will have get the name deleted of the bank from RTO
for which Form no. 35 and No due certificate of the Banks are to be attached.
• Once, the name of the bank is removed, you can sell your car.
• Insurance is mandatory and is taken regularly by the Banks. If there is a tie up, it
would be debited to your loan account or you can pay a separate cheque.
However, tie-ups as per my opinion are costly.
• Direct tie up between car dealer and Bank is most common practice.
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27. R C Book- Name of Financer
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28. Personal Loan
• Without security.
• Interest rate on higher side.
• Bank is very much selective. Only selected customers will
be given.
• Eg. For, Business, only those above Turnover Limit would be
given Loan.
• Salary criteria i.e minimum amount of salary.
• CIBIL Criteria. Score should be very high.
• Past repayment trend is also seen.
• Just check comparative rate of interest on various websites
like bankbazaar.com, deals4loans.com, myloancare.in.
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