Loan Provider in Thane| Business Loan Provider in Thane

Bills Discounting

This is a working capital arrangement for financing of Credit Sales raised by the company, which may or may not be supported by Letter of Credit.

Sl.No.	Documents
1.	Application form duly filled and signed by the Borrower
2.	Latest statement of Assets and Liabilities of all the Directors / Partners / Properties / Guarantor as the case may be duly filled and certified by Chartered Accountant
3.	Latest shareholding pattern in case of company duly certified by Chartered Accountant.
4.	Copy of MOA and AOA / Partnership deed as the case may be. Copy of Certificate of Incorporation and Commencement of Business in case of Company.
5.	Audited Financial Statements along with annexure / schedules and Auditors report for the last three years.
6.	Projected financial statement along with annexures / schedules for the current year along with assumptions of the projected figures.
7.	KYC of all the Partners/Directors along with their three year ITR
8.	Duly accepted Bills raised by the Seller Company
9.	Month wise sales and purchase details upto a recent date from the beginning of the current financial year.
10.	Details of the associate concerns of the Borrower in terms of their principal activity, directors, Financial details i.e., turnover tangible networth and net profit for the last two years along with the details of credit limits enjoyed by the associate / group concerns of the firm along with financial statement for the last two years.
11.	Details of primary security and collateral security available / offered for the credit
12.	Details of credit limits enjoyed with other Banks / Financial Institutions.
13.	Copy of VAT, Service tax Details
14.	Copy of the SSI/SME registration if any
15.	Copy of the Gumastha Licence ( Shops and Establishment License) if any

CHECKING OF LOAN AMOUNT ELIGIBILITY	INCOME, AGE, EMI, TENURE,OTHER OBLIGATIONS
CIBIL SCORE	BORROWER, CO-BORROWER SHOULD BE NORMALLY ABOVE 550
DUE DILIGENCE	1. KYC:PAN CARD, AADHAR CARD,ADDRESS PROOF 2. BANK STATEMENT=== 06 MNTHS TO 1 YEAR, VERIFICATION OF INCOME TAX RETURNS 3. VISIT TO EXISTING:OFFICE/FACTORY/GODOWN, RESIDENCE
PAYMENT OF STAMP DUTY FOR DISBURSMENT OF LOAN:
CERTAIN BANK DOCUMENTS ARE TO BE STAMPED BEFORE THE LOAN IS DISBURSED AND THE SAID STAMPING IS DONE BY: FRANKING, E-PAYMENT, E-CHALLAN, E-SBTR
ONCE THE FRANKING IS DONE THEN ALL THE DOCUMENTS ARE TO BE SIGNED BY THE BORROWERS.

Normally All Banks Take Around 3 Week To 4 Weeks For Sanction Of The Loan If All The Papers Are In Place.
MAA Capital Solution will act as intermediary between the concerned Bank and you. Considering the fact that all the relevant papers are in place and the legal scrutiny of the property is hassle free then MAA Capital Solution will assure to give a timely loan sanction from the Bank within a time frame of 10 to 12 working days.