Toll Free No :1800-121-0354     Bank Mitra Toll Free No : 1800 425 2274     ATM Toll Free No : 1800-532-7444/1800-833-1004/1800-123-6230     ATM With Toll No:8106573542     Missed Call Alert : 9289222024    AP GST NUMBER: 37AAAJA1351N3Z9    TS GST NUMBER: 36AAAJA1351N2ZC

Alternate Delivery Channels
human heart

Download Mobile App

Our Products
Interest Rates
Our Philosophy
LINKS
RUPAY
  • Deposit products offered by APGVB:

    Mortgage loans for Trade, Industry and Service Sector (SME)

    Purpose

    To provide hassle free finance to borrowers in SSI, Trade and Service sector by means of mortgage of property with adequate value.

    Type of loan

    Cash credit/ Term loan

    Eligibility

    a) Existing customers with a satisfactory track record of three years. 
    b) Cash profit during last 3 years and net profit in the immediate preceding Year.. 
    c) New borrowers including take-over with minimum existence of three years will also be considered.

    Category of borrowers
    Retail traders/Whole sale traders, Professional and self-employed, small business enterprises Small scale industries.

    Loan amount

    Minimum of Rs.0.50 lakhs
    Maximum of Rs.10.00 lakhs

    Margins

    25% for cash credit as well as for term loan

    ROI

    See ROI on Loans & Advances

    Processing fee

    See service charges

    Penal Interest

    See service charges

    Repayment

    For Working capital on demand. For Term loan 60 EMI

    Security

    Primary: Hypothecation of stocks and receivables
    Collateral: collateral security of tangible urban property with a market value of minimum of 133% of loan by way of Equitable Mortgage. Securities like TDRs, NSCs, LIC policies.etc.90% of the value may be considered.

    Papers / Documents required

    a) Agreement of loan cum hypothecation
    b) Guarantee agreement and Arrangement letter etc.
    c) Copy of collateral security offered
    d) Latest copy of income-tax return/assessment order
    e) Statement of account from the existing banker for last 6 months
    f) Copies of relevant documents pertaining to license, ownership/tenancy/lease agreement etc.
    g) Stock statement will be obtained only once at the time of execution of documents and once in a year at the time of renewal.

    Insurance

    Comprehensive insurance coverage for full market value of primary and collateral securities with incorporation of bank clause.

    Validity & Review

    a) The sanction limit is valid for three years subject to review/renewal at the end of every year.
    b) If the credit summations are less than 60% of projected sales, the limit has to be reassessed. Excess limit has to be recovered in 12 monthly installments. In case of working capital term loan the excess limit has to be recovered in 36 monthly installments.

    Our Latest News
    Important Links
    CUSTOMER SUPPORT
    Important Policy Documents
    Find your Nearest Branch
    Our Branches