Nutan Bank


Against Property

  • This facility is to be allowed against the mortgage of properties standing in the name of firm or its proprietor/partner, to meet working capital requirements, specifically where cash credit limit against stocks or book debts is not feasible.
  • Valuation report for present market value of properties by any of Approved valuers on our approved list is to be obtained and the same should also be obtained at the end of every three years.
  • Minimum Margin may be fixed at 10% on Realisable value of properties
  • Normally age of property should not be Older than 75 years or residual age of property should be minimum of 20 years as assessed by any of our Banks approved valuers, which ever is earlier.
  • Limit allowed should be decided as 20 % of sales turnover or 90.0 % of value of properties, whichever is lower.


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