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5711

Mrs. PADALA VENKATA PUTRA REDDY, who resides in Mahendrawada and owns businesses in wholesale bananas and real estate, applied for an auto loan from the Komaripalem branch of Baroda Bank. Bank officials physically inspected her businesses and obtained her income tax returns for the past three years, which showed satisfactory income. Her CIBIL score was also satisfactory with no adverse remarks. Based on her eligibility and means of financing, the branch manager approved her loan request of Rs. 780000 for the purpose of vehicle purchase. As she is an existing customer maintaining a current account, the loan was sanctioned.

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Rajesh Sk
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48 views1 page

5711

Mrs. PADALA VENKATA PUTRA REDDY, who resides in Mahendrawada and owns businesses in wholesale bananas and real estate, applied for an auto loan from the Komaripalem branch of Baroda Bank. Bank officials physically inspected her businesses and obtained her income tax returns for the past three years, which showed satisfactory income. Her CIBIL score was also satisfactory with no adverse remarks. Based on her eligibility and means of financing, the branch manager approved her loan request of Rs. 780000 for the purpose of vehicle purchase. As she is an existing customer maintaining a current account, the loan was sanctioned.

Uploaded by

Rajesh Sk
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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84500600005711

Branch: Komaripalem Region:Rajahmundry Zone:Visakhapatnam

Name of the Borrower PADALA VENKATA PUTRA REDDY

Brief Background Description:

Mrs. PADALA VENKATA PUTRA REDDY resident of mahendrawada engaged in the


business of whole sale of bananas and also engaged in the business of real estate we
physically examine the place of business and also venture which is developed by the
applicant as a partner at mahendrawada in the name of vinayakam also we obtain incme
tax returns as a proof of income for a period of three assessment years and also we
obtain CIBIL score which is satisfactory no adverse remarks are found hence we
extended car loan facility to the applicant .

Comments on Eligibility
& Means of Finance:
Name of Product : Baroda Auto Loan

Type of Facility : Term Loan


Purpose of the Loan
: LA101
Requested
Proposal Type : New
Limit Requested :Rs 780000

Comments of Sanctioning Authority:

Borrower happens to be an old existing customer and maintaining Current


Account with us, wants to avail to extent of 780000/- which has been obliged.

Sanctioning Authority

Name: S Rajesh
Designation: Branch Manager
E C No.: 171560
Place: komaripalem
Date: 6/3/2021

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