<:: PAVANA SAHAKARI BANK LIMITED ::
 
 

:: Hypothecation Loan ::

 
 

 

 
 

Hypothecation Loan (Hyp Loan)

 

Consumer Goods
Furniture
Machinery :
: A) Purchase Of Consumer Goods
B) Purchase Of house-hold Furniture
C) Furniture (Business / Shop / Hotel)
D) Purchase Of Machinery ( New / Old )
Loan Amount : 75 % Of Quotation
In case of old machinery 50 % of agreement or valuation whichever is low
Rate of Interest :

@ 14 %

Guarantor :

Two ( Creditworthy Guarantor’s )

Membership : @ 2.5 % of Loan Amount in share if loan amount > Rs. 1.00 lack
Nominal Membership if loan amount < or =Rs. 1.00 Lack
Repayments : Max. period 60 months for ( A & B )
Max. period 84 months for ( C & D )
Security : Goods / Furniture / Machinery Purchased
Collateral security as per loan amount
Documents : Quotation
I D & R D Proof’s documents of Applicant & Guarantor’s
Bank Track Record
Latest Income Proof of Applicant
Latest Income Proof of Guarantor’s
Borrower’s residential proof, Search & title report, valuation, property documents
Pre-closure :

No Pre-closure Charges

Loan Processing Fee
 
As per Loan Amount.
Up to Rs 5.00 Lacks @ 0.60%
Rs. 5.00 Lacs to 10.00 Lacks @ 0.50%
Above Rs 10.00 Lacks @ 0.40%