Shop Loan
Smart financing solutions to grow your commercial business space
Purpose
- To purchase commercial new or old shop.
Eligibility
- You should be a resident of India.
- You should be at least 22 years of age at the time of loan application and a maximum of 65 years of age at the time of loan maturity.
- Having sufficient score in Cibil ‘s reports.
- A minimum annual turnover of INR 10 lakhs.
- You should have a business experience of at least 5 years, Must have completed 3 years in current Business.
- The business enterprise should be profit making since the past 2 consecutive years.
Documents Required
- Duly filled prescribed application form.
- KYC documents of applicant and 2 Guarantor i.e. PAN Card, Aadhar card, latest photograph, Identity proof, residence proof.
- Latest Financial Papers ITR B/S & P/L & Computation of Income with all Schedule For Last 3 Years.
- Agreement to sale / Sale deed.
- Payment Receipts.
- Sanction of Bldg Permit & Commencement Certificate.
- Approved Plan Blue Print.
- Completion Certificate.
- Latest 7/12 & 6D Abstract for 30 Years.
- Title Search Report.
- Share Certificate, Conveyance Deed, In Case of Society.
- Noc from Builder / Society to Mortgage the Property.
- Sale Deed / Development Agreement / Power of Attorney from Original Owner of the Property.
- NA Order, NA Tax paid Receipt.
- Salary Under Taking for Salaried.
- Two Guarantors Aadhar Card / Pan Card / Two Photo.
- Two Guarantors Latest Financial Papers ITR B/S & P/L & Computation of income with all Schedule For Last 3 Year Certified by C.A.