| Bank Name | Minimum Value |
|---|
| Bank Name | FD Margin | Commission | Mini Collateral | Chances of Loan Approval | |
|---|---|---|---|---|---|
YES Bank Ltd.
|
15.00 | 1.00%-2.00% |
|
|
|
United Bank of India
|
20.00% | 2.00%-3.00% |
|
|
|
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Union Bank of India
|
20.00% | 2.00%-3.00% |
|
|
|
UCO Bank
|
20.00% | 2.00%-3.00% |
|
|
|
State Bank of India
|
20.00% | 2.00%-3.00% |
|
|
|
Digibank (DBS)
|
15.00% | 1.00%-2.00% |
|
|
|
South Indian Bank Ltd.
|
15.00% | 1.00%-2.00% |
|
|
|
RBL Bank Ltd.
|
15.00% | 1.00%-2.00% |
|
|
|
Punjab National Bank
|
20.00% | 2.00%-3.00% |
|
|
|
Punjab & Sind Bank
|
20.00% | 2.00%-3.00% |
|
|
|
KOTAK MAHINDRA BANK
|
15.00% | 1.00%-2.00% |
|
|
|
Indusind Bank
|
15.00% | 1.00%-2.00% |
|
|
|
Indian Bank
|
20.00% | 2.00%-3.00% |
|
|
|
IDFC First Bank
|
15.00% | 1.00%-2.00% |
|
|
|
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ICICI Bank Ltd.
|
15.00% | 1.00%-2.00% |
|
|
|
HDFC Bank Ltd
|
15.00% | 1.00%-2.00% |
|
|
|
Federal Bank Ltd.
|
15.00% | 1.00%-2.00% |
|
|
|
IDBI Bank
|
20.00% | 2.00%-3.00% |
|
|
|
City Union Bank Ltd.
|
15.00% | 1.00%-2.00% |
|
|
|
Central Bank of India
|
20.00% | 2.00%-3.00% |
|
|
|
Canara Bank
|
20.00% | 2.00%-3.00% |
|
|
|
Bank of Maharashtra
|
20.00% | 2.00%-3.00% |
|
|
|
Bank of India
|
20.00% | 2.00%-3.00% |
|
|
|
Bandhan Bank Ltd.
|
15.00% | 1.00%-2.00% |
|
|
|
Bank of Baroda
|
20.00% | 2.00%-3.00% |
|
|
|
Axis Bank Ltd.
|
15.00% | 1.00%-2.00% |
|
|
Bank guarantees are made by bank giving the commitment of liabilities of debtor will be provided in case he or she failed to make payments. Bank guarantees process take place to promote domestic & international trade. Not everyone able to apply, there is a specific eligibility you need to look forward.
Bank Guarantee Eligibility CriteriaBank Guarantee Eligibility Criteria depends on various factors like age of individual, repayment history, business sales/turnover, total work experience & Creditworthiness ...etc.
Eligibility Criteria for Self-Employed
ALL DIRECTORS PHOTOGRAPH
CLEAR PAN CARD - COMPANY AND ALL DIRECTORS
ADDRESS PROOF – COMPANY AND DIRECTORS
LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
1 YEAR GST RETURNS
ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
PHOTOGRAPH BOTH
PAN CARD CLEAR COPY PROPRIETOR
ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
LAST 1 YEAR GST RETURN COPY
FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT
REPORT, ALL SCHEDULED & ANNEXURE
PROVISIONAL FINANCIAL AY 2019-20
BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED) BANK ACCOUNTS) 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS WITH CHAIN SANCTION MAP
PHOTOGRAPH PARTNERS
PAN CARD - COMPANY, ALL PARTNERS
ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER I PAN CARD ,ADHAAR)
FIRM ADDRESS PROOF- LATEST ANY UTILITY BILL
PARTNERSHIP DEED COPY
GST CERTIFICATE
GST RETURN LAST 1 YEARS
3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED
PROVISIONAL FINANCIAL AY 2019-20
3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
ALL PARTNER SAVING A/C STATEMENT 6 MONTH
IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS COMPLETE CHAIN WITH MAP
ALL DIRECTORS PHOTOGRAPH
CLEAR PAN CARD - COMPANY AND ALL DIRECTORS
ADDRESS PROOF – COMPANY AND DIRECTORS
LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE.
1 YEAR GST RETURNS
ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
Frequently asked questions (FAQ) pages are Q&A-style pages that most brands build to answer queries that slip through the cracks. FAQs are targeted to give a complete sense of query satisfaction to the client.
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Applicant applying for BG facility must have existing 3 years of business continuity with latest year with profitability & should have good credit history.
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Not only for business even individuals can avail this type of facility for lowering risk if opposite party fails to make payment then banks will pay you to cover up the sum amount.
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Bank Guarantee are usually used for infrastructure & contract projects wherein Letter of Credit preferred for international trading.
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You can easily get this type of facility offered by SBI State Bank of India at competitive Interest Rates with minimal documentation.
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Copy of BG obtained by the beneficiary, reason to avail Bank Guarantee & other details of Collateral/Assets that will be pledged.
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It's simple to calculate BG limit, just by dividing the annual utilization of raw material procuring upon Bank Guarantee to be divided by 12 & finally multiplied by total time. Hence, you can able to calculate the limit.
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This facility is generally offered by banks & financial institution, Bank Guarantee acts as a promise to cover sum amount & gives the surety of amount to be paid in case debtor fails to pay.
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There are 6 major types of Guarantee as given below:-
CA Vikas Jain - Our Mentor
9863-02-02-02