Urgent loan......

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pls anyone let me know the formalities to b complied with for taking loan from a bank... for how many years' itr is asked by the banks whethr 2 or 3...nd whethr der is any requirement to show tax in returns ..if yes den how mch for early sanction of personal loan..???
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FOLLOWING DOCUMENTS ARE REQUIRED FOR TERM LOAN

1) Audited Financial Statement of last 3 years alongwith Income Tax Return Acknowledgement.

2) Provisional Balance Sheet for the current year.

3) Projection of Sales , Purchase, Stock & Raw Material Consumption for the next year.

4) Quotation of Machinery to be purchased.

5) Installed Capacity, Licensed Capacity - existing & proposed, Envisaged Capacity Utilisation.

6) Details of Raw Material requirement, calculation, how desired ?Source of supply and supply position. Cost of ram material supported by current quotation.

7) Catalogue / Brochure of Machine.

8) Maintenance arrangement & costs thereof.

9) Project implement schedule.

10) Cost already incurred.

11) Sources of such expenditure.

 

FOLLOWING DOCUMENTS ARE REQUIRED FOR HOUSING LOAN

1) Financial Statement of last 3 years alongwith Income Tax Return Acknowledgement.

2) Provisional Balance Sheet for the Current Year.

3) Copy of Pay Slip and Form No. 16.

4) Agreement of Sale of House Property to be purchased.

5) Copy of Last Municipal Tax Paid Receipt.

6) Copy of Sanctioned Plan.

7) Receipt of Advance Money Paid to Promoter/Seller.

8) Collateral Security Offered.

 

FOLLOWING DOCUMENTS ARE REQUIRED FOR CAR LOAN

1) Financial Statement of last 3 years alongwith Income Tax Return Acknowledgement.

2) Provisional Balance Sheet for the Current Year.

3) Copy of Pay Slip and Form No. 16.

4) Quotation of Car to be purchased.

5) Receipt of Advance Money Paid to Seller.

6) Statement showing repayment schedule.


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