Over Draft
| Particulars | Information |
|---|---|
| Who can Borrow | Individuals (singly/Jointly) except stock/share broker/s |
| Eligible Age | Minimum 21 years |
| Type of Loan | Overdraft |
| Purpose | Any purpose other than Speculation |
| Limit | Max. Limit depends on capital and property value |
| Security | Immovable property/Term deposits with the bank |
| Repayment Period | maximum 12 months (yearly renewal) |
| Moratorium | NA |
| Rate of Interest & Processing Fees | As applicable from time to time |
| Prerequisites/Documents |
1. Documentation including our lien/pledge on the securities 2. Statement of operative Bank account for the last 6 months 3. Compliance of KYC norms 4. Stock statement if required. 5. Add 3 year Income Tax Return |
| Required Document |
1) 3 years IT returns with audited balance sheet 2) Project report 3) Firm registration 4) GST copy 5) 25% on year turnover and 75% on workorder 6) Property documents security 7) Stock statement 8) Every year renewal |
Sree Thyagaraja Co-operative Bank Limited, a leading Urban Co operative Bank in India.