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Documentation

The following documents are required from the applicant:

Agricultural use

farm machine loans schemes Application form with photograph of the customer and all co applicants and/or guarantor.
farm machinery loans Proforma Invoice of the asset to be funded from an authorized dealer.
farmers equipment loans Land records of the borrower/s.
Indian agriculture equipment loans Land valuation and title search report of the land.
indian farm equipment bank loans Residence proof of the borrower/s.
Indian farm equipment loans Identity proof of the borrower/s.
agriculture equipment refinancing Signature verification of the borrower/s.
agriculture farm equipment loans Loan agreement, duly signed by the applicants and guarantor.
agriculture machinery loans 2 SPDCs(Security Post Dated Cheques) for entire tenure.

 

Commercial Use

Application form with photograph of the customer and all co applicants and/or guarantor.
Proforma Invoice of the asset to be funded from an authorized dealer.
Proof of Income (any of the following) :
  - Billing statement for the past one year
- Latest Income tax Return
- Last 6 months bank statement
Residence proof of the borrower/s.
Identity proof of the borrower/s.
Signature verification of the borrower/s.
Loan agreement, duly signed by the applicants and guarantor.
2 SPDCs(Security Post Dated Cheques) for entire tenure.

 

In case the customer has earlier availed of a loan from any bank/finance company, providing the track record of the loan repayment can significantly improve the credit assessment of the customer.

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