Escolar Documentos
Profissional Documentos
Cultura Documentos
Loan is a method of lending under which bank gives credit to a borrower for a fixed period and for a specific
purpose. Loan are promises for future payment, they have to be repaid in periods beyond a year and are therefore
long-term liabilities.
In other words
When a banker makes a advance in a lump-sum which can not be paid wholly or partly and which the customer
has permission to withdraw subsequently, it is called a loan.
An arrangement in which a lender gives money money to a borrower and the borrower agrees to return the
property or repay the money, usually along with interest, at some future point(s) in time. Usually, there is a
predetermined time for repaying a loan, and generally the lender has to bear the risk that the borrower may not
repay a loan (though modem capital markets have developed many ways of managing this risk.
LOAN PROCEDURE
SUBMIT THE APPLICATION. First of all the loan borrower should submit application to the particular bank. The borrower is required to fill out
a common application form, which seeks comprehensive information about proprietors and loan borrowers
back ground and his business network and as well as his cost of project and economic consideration.
APPRAISAL OF LOAN. The bank follows good appraisal system for effective lending and to make easy repay in future way. The main
task of the lending bank is to make sure that the income generated from the loan is sufficient to repay the loan
installments according to the terms and conditions of amortization. The risk involved in term lending is much
more than the risk in short-term lending.
DOCUMENTATION. After completing the step of submit the application and appraisal system of loan. Then loan applicant should
collect the document for borrowing loan, every documents and requirement are needed according to the cooperative bank rate.
CONVENE TO LOAN APPLICATION. After collecting the necessary documents, an officer of the recipient bank review it to ascertain whether it is
complete for processing, when the application is considered complete. Then the co-operative bank held meeting
of his loan applicant and sanctioned the particular loan.
. To ISSUE DRAFT OR PAY ORDER. At the last stage is that, after convening of loan applicant and sanctioning loan, borrower should pay its stamp
duty, margin and one installment of loan, then in the stamp document or stamp procedure. Then bank gives to
them pay order or draft.
Documents:Pre-sanction:
Application form
1.
Form 16
2.
3.
Income tax returns (itrs) for the last three years. (If income tax payee)
IN CASE OF BUSINESSMAN
1.
Copy of balance sheet,profit & loss account for last three years
2.
Proof of business
3.
4.
5.
6.
1.
Jammabandi
2.
3.
Non-encumbrance certificate
4.
1.
Title deed
2.
Valuation report
3.
Mutation certificate
4.
5.
Non-encumbrance certificate
Proof of source of margin money
6.
Proof of age
POST SANCTION
1.
2.
D.p. note
3.
4.
Letter of waivers
5.
Loan agreement
6.
7.
8.
1.
2.
3.
4.
Or
if borrower 21 years to 45 years age
-36 times of
Or
85% of the value of the house / property which ever is less
Margin money. -15% IN ALL CASES
Rate of interest rate: - 8.50%p.a rate of interest is subject to change from time to time
Period of loan: - 15 years including moratorium period
or
Up to the age of 65 years which ever is earlier
Repayment of loan:- in monthly installments
Security:-primary & collateral security mortgage of the land on which house is constructed or to BE constructed
Fee & other charges: processing fee rs .1000/- or 0.5% of loan amount, whichever is less shall be payable along
with application form.
Documents pre - sanction :
1.
Application form
2.
3.
4.
In case of loan to women beneficiaries then a duly attested affidavit from legal heirs
5.
Proof of income
1. From 16
2. Latest salary slip with deduction
3. Income tax returns (itrs) for the last three years
4. If the job is transferable , proof of permanent address
In case of businessman:-
1. Copy of balance sheet and profit & loss account for the last three years
2. Proof of business
3. ITRs for the last three years
4. A detailed note on the nature of business details of suppliers , clients etc.
5. Additional information in case construction cases:
6. Construction plan approved by a competent authority.
7. Detailed cost estimate from approved architect.
IN CASE OF PURCHASE OF BUILT UP HOUSE
1.
2.
5. Loan agreement
6. Letter of guarantee from guarantors.
7. Mortgage deed duly registered and mutation in favour of bank.
8. Irrevocable letter of authority from the employee in case loan to employees.
Precautions to be taken after disbursement:
1. Application form
2. Residence proof of borrower & guarantors.
3. Certificate of society regarding membership and credit report.
4. Agreement to sell.
5. Documents relating to collateral security:
In case of agriculture land:
1. Jammabandi
2. Fard hakiat
3. Girdawari
4. Non - encumbrance certificate
5. Map from patwari
In case of other properties:
1. Title deed
2. Valuation report
3.
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Mutation certificate
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1. Application
2. Residence proof of borrower, guarantors and mortgagor.
3. Quotation of the vehicle to be purchased.
4. Copy of driving license.
5. Documents relating to collateral security. If applicable.
Post sanction;
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Loan agreement.
Mortgage deed duly registered and mutation in favour of the bank, if applicable
Precaution for disbursement:
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Purposes
to provide financial assistance to students for perusing higher studies in India or abroad ,i.e. engineering
,medical, dental ,law , veterinary , computer agriculture , icwa ,ca , cfa ,c.s.. m.b.a ,or any other course run by
recognized university / institute .
Duration of course : not more than 5 years .
Amount of loan!;
in India
Rs.5.00 lacs
Rate of interest: - up to
Above
1.
The branch will get sanction of total loan amount from competent authority , but will disburse the
2.
3.
In case purchase of equipment / books / computer, the payment shall be made to the applicant.
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1. Form 16
2. latest salary slip with deductions .
3. Income tax returns 9itrs) for the last three years , if income tax payee .
In case of businessman;
1. Copy of balance sheet and profit & loss account of the last three years .
2. Proof of business .
3. itrs for last three years , if income tax payee.
In case of agriculturist;
2. D.p. note.
3. Letter of lien & set off.
4. Letter of waivers.
5. Letter of guarantee from guarantors.
6. Loan agreement.
7. Affidavit from parent / guardian regarding
Payment of interest,
Repayment of loan, incase of default by the applicant.
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16
He will not go abroad permanently without prior permission of the bank and
He will intimate the bank regarding any change in the status of study, if any.
8. Mortgage of collateral security duly registered & mutation in favour of the bank, if
required.
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1. Farm 16.
2. Latest salary statement with deduction.
3. Income tax returns (itrs) for the last three years. If income tax payee.
In case of business /
1. Copy of balance sheet and profit & loss account for last three years.
2. Proof of business.
3. Itrs for the last three years.
In case of agriculturist;
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Beneficiary- all salaried employees of Punjab govt. cooperative department, Punjab state coop, banks , (except
staff on deputation with Chandigarh administration boards and corporations)
Purposes
to provide credit facility for meeting out socio-economic needs of employees such as childs education ,
furnishing home , buying computer, son/daughters marriage holidays tour etc.
Age- minimum 21 years and maximum 57 years.
Service tenures 1 years after the confirmation .
Amount of loan;-10 months gross salary
or
Rs.2 lac (whichever is less).
Rate of interest;-12% p.a
Interest rates are subject to change from time to time .
Repayment of loan> loan is repayable in equated monthly installments in the form of post - dated cheques . The
loan shall be repaid before retirement.
Security: z no collateral security is required, only two guarantors, employees of the same institution as of the
borrower.
Pre - payment of loan a pre - payment fee of 1%11 be payable on the outstanding loan amount. No partprepayment is allowed.
DocumentsPre - sanction:
1. Application form.
2. Latest photograph of the borrower & guarantors.
3. Bank account statement.
4. Proof of income.
5. Employer certificate of identity proof of continuity of current job.
6. Proof of residence of the borrower & guarantors.
7. Salary certificate.
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Post sanction:
1. Application for nominal membership of borrower & guarantors.
2. Demand pronote
3. Agreement for term loan
4. Letter of lien & set off.
5. Letter of waiver.
6. Irrevocable letter of authority.
7. Letter of guarantee from guarantors.
8. Duly signed post dated cheques for installments.
9. Authority letter to debit the
SB
account.
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RURAL GODOWN
Beneficiary- any individual, group of individuals , property , partnership firms , N.G.Os ,SHG.s , companies ,
cooperatives , marketing , committees , marketing boards , agro processing corp. Purpose- for construction of
godown and repair of godown .
Assistance for renovation / expansion of rural godown will however be restricted to the godowns constructed by
cooperatives only .
Amount of loan:> 75% of the total project cost.
Margin money : - 25% of total project cost.
Rate of interest: - 10% p.a.
*interest rates are subject change from time to time.
Period of loan ; - 1 0 - 1 5 years including moratorium period .moratorium period maximum up to one year.
Minimum capacity- 100 M.Ts
Location: - outside the municipal corporation area.
Security:Hypothecation of assets created or to be created in future.
Mortgage of godown .
Documents: - pre sanction:
1. Partnership deed.
2. Form A & C registration.
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In case of companies.
1. Memorandum & articles of association.
2. Certificate of incorporation.
3. Copy of resolution.
In case of cooperative societies:
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Whenever a study is conducted, it is done on the basis of certain objectives in mind. A successful completion of a
project is based on the objectives of the study that could be stated as under: To know about the loan procedure in cooperative bank
To identify the factors that affects the customer while selecting various loan
schemes.
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Research methodology
Research problem
To find out the customer perception towards loan schemes provide by co-operative bank.
Research design DESCRIPTIVE RESEARCH:
It is to provide an accurate picture of some aspects of market environment. Descriptive research is used when the
objective is to provide a systematic description that is as factual and accurate as possible. It provides the number
of time something occurs, or frequency, lends itself to satisfied calculations such as determining average number
of occurrences.
Sampling design
The study aimed to survey 50 samples from who get loan from the central co-operative banks branch village
bhari.
Data collection
Both primary and secondary data have been collected for meeting the objective of the current study .
For the purpose of the collection of the primary, personal interview of the respondents was conducted. The
questionnaire was prepared which was administered to the respondent for the purpose of getting the information.
The data was collected from 50 peoples who get the loan from co-operative bank branch village bhari.
For the purpose of secondary data, secondary sources of information like magazines, newspapers,
journals; studies conducted in past etc. The main sources of secondary data in the study
Banks detail books
Websites
Books etc.
Analysis techniques
The data have been analyzed by the use of pie chart.
SAMPLING
TECHNIQUES:-
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Probability sampling technique is one in which every unit in the population has a
Chance (greater than zero) of being selected in the sample and this probability can be
Accurately determined.
UMITA TION OF THE STUD Y
The findings of this study are based on the expressed opinion of the respondents.
Difficulty was faced in getting the responses to various questions because the
customers could not
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