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Advance Against Supply Bills

  • Beneficiary – Those who wants to avail loan facility against their Supply Bills.
  • Sanctioning Limit – One can avail this type of loan facility after fulfilling necessary formalities and documents depends upon the income source, lien offered  and repaying capacity of the borrower at the prevailing rate of interest decided by the Bank.  70% amount of the total supply bills is sanctioned as loan.
  • Criteria to avail Ad.Ag. Supply Bills loan
  • Borrower should be member / shareholder of the bank.
  • If any one who is not shareholder of the Bank and wants to avail the loan, he has to become shareholder by depositing Rs. 1,010/- towards membership.
  • The 2.5% amount of the sanctioned loan is to be deducted as share amount.
  • Borrower should submit his photograph, residential proof, income proof, financial statements etc.
  • 2 shareholder alongwith their income proof, financial statement, photograph, address proof etc. is required as guarantors for the said loan.
  • Borrower should give advance cheques to Bank for repayment purpose.
  • This facility is available for one supplies made to multinational companies and Govt. Dept. against their undertaking of payment.
  • The repayment of loan is on yearly basis and entitled for renewal of the facility.
 
 

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Housing Loan
Advance Against Machinery / Vehicle
HYP CC Loan
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Advance Against Immovable Property
Advance Against Supply Bills
Personal Loan
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