LOAN SECURITY NORMS For Industrial Loans
Loan Amount | Govt./Semi Govt Employee | Employees of Public Ltd Company | Income Tax Payee having PAN | FDR/NSC Govt. Securities | Immovable Property | Upto Rs50000/- | Any two persons drawing minimum salary of Rs5000/- per month | Any two persons drawing minimum salary of Rs6000/- per month | Any two persons paying I. Tax upto Rs1400/- p.a. during last two years | 25 % of loan amount | 25 % of loan amount | Above Rs50000/- and upto Rs 2.00 Lakh | Any two persons drawing minimum salary of Rs7000/- per month | Any two persons drawing minimum salary of Rs8000/- per month | Any two persons paying I. Tax upto Rs2500/-p.a. during last two years | 25 % of loan amount | 35 % of loan amount | Above Rs2.00 Lakh- and upto Rs 5.00 Lakh | Any two persons drawing minimum salary of Rs8000/- per month plus FDR/NSCs equivalent to 10 % of loan exceeding Rs 2 Lakh | Any two persons drawing minimum salary of Rs9000/- per month plus FDR/NSCs equivalent to 10 % of loan exceeding Rs 2 Lakh | Any two persons paying I. Tax upto Rs4500/-p.a. during last two years plus FDR/NSCs equivalent to 10 % of loan exceeding Rs 2 Lakh | 25 % of loan amount | 35 % of loan amount | Above Rs5.00 Lakh and upto Rs 15.00 Lakh | Any two persons drawing minimum salary of Rs10000/- per month plus FDR/NSCs equivalent to 10 % of loan amount. | Any two persons drawing minimum salary of Rs12000/- per month plus FDR/NSCs equivalent to 10 % of loan amount | Any two persons paying I. Tax upto Rs7000/- p.a. during last two years plus FDR/NSCs equivalent to 10 % of loan amount | 25 % of loan amount | 40 % of loan amount | Above Rs15.00 Lakh a) In case of entrepreneurs who are setting high risk area unit first time or have got no experience of similar projects | - | - | - | 50 % of loan amount | 100 % of loan amount | b) In case of entrepreneurs who have got experience in running successfully similar projects in high risk category | - | - | - | 35 % of loan amount | 50 % of loan amount |
Note:
1 Where the loan proposal is for acquiring fixed assets viz. land, building, plant & machinery etc., the prime security comprising land and building and others shall be mortgaged. However, possibility of obtaining additional collateral security may also be explored depending upon the merits of the loan proposal. If the loan is for plant & machinery only and land & building of the unit is already mortgaged, in such cases, the possibility of obtaining additional collateral security may be explored to cover working capital loans if any. 2 In the case of loan of Corporate sector, the personal guarantee of directors shall also be obtained.
3 The value of the immoveable property shall be got assessed from a panel valuer of the Corporation to the satisfaction of the Managing Director.
4 In case where working capital loan is more than term loan, the working capital loan, has to be fully secured by way of collateral security (value equivalent to the working capital loan) and term loan portion by usual guarantors as per norms.
5 All the legal, statutory and mandatory formalities for the mortgage of the prime / collateral security shall be got complied before disbursement of loan.
6 The collateral security offered for mortgage shall be situated in the National Capital Region of Delhi / UT of Chandigarh and its surrounding districts namely Mohali, Patiala, Punchkula, Kalka & Ambala be accepted for securing the financial assistance of the Corporation.
7 Guarantor shall not be of more than 50 years of age.
8 The residential address of the borrowers as well as guarantors besides being verified from relevant papers should also be checked by way of inspection, in all cases.
9 The guarantees including collateral should be taken against term loan and working capital components only under Non-SRTO cases. However, soft loan component (Equity Type Assistance Scheme of SIDBI) is also counted alongwith term loan for the purpose of taking security/guarantees in high risk area units.
10 No working capital loan/assistance shall be provided for High Risk Area Unit*.
* High Risk Project are like cyber café, computer software development/training, DTP, laser print, colour labs video camera, editing, equipments other electronics / telecommunication /IT based cases.
LOAN SECURITY NORMS For Transport Loans | Sl. No | Loan Amount | Govt. Semi Govt. Employee OR | Employee of Public Ltd. Co. OR | Income Tax Payee having PAN No. OR | FDR/NSC/ Govt. Securities OR | Immo-veable Property | S1 | Upto Rs.50,000/- | Any two employees of above category with monthly salary of at least Rs.7,000/- | Any two employees of above category with monthly salary of at least Rs.8,000/- | Any two paying IT upto Rs.1,400/- PA during last two years | 25% of loan amount | 40% of loan amount + One Guarantor | S2 | Above Rs.50,000./- and upto Rs.2.00 Lakh | Any two employees as above with monthly salary of at least Rs.10,000/- | Any two employees as above with monthly salary of at least Rs.12,000/- | Any two paying IT upto Rs.2,500/- PA during last two years | 25% of loan amount + One Guarantor of S1 category | 75% of loan amount + One Guarantor | S3 | Above Rs.2.00 Lakh and upto Rs.5.00 Lakh | Any two employees as above with monthly salary of at least Rs14,000/- plus FDR/NSCs equal to 20% of loan exceeding Rs. 2.00 Lakh | Any two employees as above with monthly salary of at least Rs.16,000/- plus FDC/NSCs equal to 20% of loan exceeding Rs. 2.00 Lakh | Any two paying IT upto Rs.4,500/- PA during last two years plus FDR/NSCs equal to 20% of loan amount exceeding Rs. 2.00 Lakh | 35% of loan amount plus One Guarantor of S2 category | 100% of loan amount + One Guarantor | S4 | Above Rs.5.00 Lakh and upto Rs.10.00 Lakh | Any two employees as above with monthly salary of at least Rs.20,000/- plus securities like FDR/NSCs etc. to the extent of 20% of loan amount. | Any two employees as above with monthly salary of at least Rs.25,000/- plus securities like FDR/NSCs etc. to the extent of 20% of loan amount. | Any two paying IT upto Rs.7,000/- PA during last two years plus securities like FDR/NSCs etc. to the extent of 20% of loan. | 45% of loan amount plus One Guarantor of S3 category. | 100% of loan amount + One Guarantor | S5 | Above Rs.10.00 Lakh | | | | 50% of loan amount plus One Guarantor as per norms of S4 category | 150% of loan amount + One Guarantor as per norms of S4 category. |
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