THE UDAIPUR URBAN CO-OPERATIVE BANK LTD.
RBI LIC. NO.: 04/01/1975 No. 52 P Registration NO.: 03/08/1972 No. 1557 Y
RBI LIC. NO.: 04/01/1975 No. 52 P Registration NO.: 03/08/1972 No. 1557 Y
RBI LIC. NO.: 04/01/1975 No. 52 P Registration NO.: 03/08/1972 No. 1557 Y
All types of Traders including Retailers / Distributors / Commission Agents / Arthiyas
Limit to be assessed as per Turnover Method, i.e. 30% of actual / projected annual sales. The limit shall be for a period of 12 months and renewed / reviewed annually.
Overdraft Facility
Equitable / Legal Mortgage of non-encumbered residential house / flat, commercial or industrial property in the name and possession of the borrower (including joint owners) i.e. self-occupied or vacant. The property should be of value not less than 150% of the limit. The property in the name of spouse / relative may also be accepted as security making them either co-borrower or guarantor; and / or Liquid security in the form of –
The property should be insured for fire, riot and wherever required against other appropriate hazards, such as, earthquake, flood, lightening etc. by the borrower with usual bank clause for full value of the property.
Stock in trade to be comprehensively insured for full value with usual bank clause.
35% on value of Property (Lowest of Market Value / Distress / Forced Sale Value / DLC rates / Registration Value as on the date of Valuation)
BPLR – Presently 12% (Floating)
0.5% of Loan Amount – Maximum Rs.10000/- (0.25%)
0.1% of Loan Amount – Maximum Rs.1000/- annually
For every item of deviation from the scheme norms – One time 25% of the applicable processing charges – Minimum Rs.750/- & Maximum Rs.2500/- per account.
Documents charges, Advocate fee, Architect fee etc. on actual basis. Loan agreement copy charges: As applicable