LOAN APPLICATION FORM
The Manager The Federal Bank Ltd Br. I/We hereby apply for a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Limit of Rs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . (Rupees . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . ).and furnish the following particulars : General Name of the borrower Address Factory Office Constitution Age/ Date of establishment Connections since Name of proprietor/ partners/ Directors etc. Main business/ occupation Nature of facility / ies required Quantum of loan Purpose of the loan Period and Mode of Repayment Securities : a. Primary : b.Collateral:
Names of present Bankers .Reasons for change over, if any Name of the associate concern(s), if any. Personal Details of promoters Name Residential address Whether house is owned/rented Date of birth Whether married
Occupation of spouse Number of children and what they are doing at present Academic qualification ( whether related to line of business) Are you assessed to IT If so, PAN Whether there is any arrears in statutory dues like IT, ST, PF etc. How long have you been associated with the Bank. Average balance in the account Business Details Year of commencement of business Past performance Audited Audited Estimated Projected Sales/Income Gross profit Net profit Tangible networth Total out side liabilities Reasons for abnormal variations in sales / Gross profit / Net profit / Capital, if any:
Details of the product /service Production process/How to acquire the products Raw materials required How RM/ products to be trades is procured, whether on credit or on cash Any special steps to ensure quality of product/ service Requirement of utilities and how they are met. Requirement of skilled labour and how it is met. Locational advantage, if any, of the unit Manufacturing process in brief. Level of competition and market share Holding level of stock Quality of receivables
Age Less than one month
Amount
Percentage to total
Cost of finance in case of term loan
1 to 2 months 2 to 3 months More than 3 months Item Basis of the cost Land Building Machinery Others Total Means Own sources Friends & relatives Others Bank loan
Cost of the item
How propose to acquire
Means of finance in case of term loan
Amount Details so that Bank be satisfied with the source of margin
Whether project is vetted and if so, details Repayment period Liability for repayment(int.+Inst. Cash accruals for repayment Any other relevant particulars
I/ We declare that (a) I/We am/are not related to the Chairman / Directors/ Senior Officers / employees of the Bank (b) I am / we are related to . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (give name of employee / Director / Chairman . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (give relationship) I/We declare that I/We am/are not enjoying any kind of credit facilities from any bank other than that stated below: Name Bank of the Limit Sanctioned Bal. outstanding
Nature of facility
Security
I / We hereby declare that the information furnished above are true and correct to the best of my / our knowledge. I / We undertake that if the facility applied is sanctioned, I / We shall comply with all terms of sanction stipulated by the Bank and shall be governed by rules of Federal Bank that may be in force from time to time. I/We further undertake that I/We shall remit the commitment charge prescribed by the Bank from time to time if the facility sanctioned is not availed by me/us. I/We hereby authorise the Federal Bank Ltd to earmark the processing fee for my application in my SB / CD A/c No. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . with Br.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Signature of applicant. Note: 1. In the case of Partnership firms all the partners should sign the application, or a confirmation letter signed by all partners should be obtained.
Enclosure : a. Memorandum and Articles of Association /Partnership deed etc b. Audited Balance Sheet and Trading and Profit & Loss a/cs for the past three years of and two years projected balance sheet,
c. Copy of the agreement(s), if any, entered into among the promoters d. Copy of title deed and other papers related to immovable property e. Project report, Projected Balance sheet, P&L cash flow statement in case of term loan
