BUSINESS LOAN APPLICATION AND INTERVIEW CUM APPRAISAL FORM
......................Branch

Indian Overseas Bank

1. Name of the Firm
2 Business Address
Name (s) of proprietors/
Partners
Father’s Name
Age
Address
E-mail ID
Phone
No./
Mobile No
Past
Experience if
any
PAN NO. Passport No Voter ID NO
Whether the applicant technically Qualified
or experienced
Whether the applicant is educated and
unemployed.
Present Income of the family with Sources
Existing / proposed line of
industrial/business activity, with brief
description:
Number of persons employed / proposed to
be employed in the Unit.
How the activity was financed so far Own funds:......Rs...................
Borrowings Rs..............................
Details of borrowing like source, security, repayment and rate of interest
Purpose of the Loan
Amount of Loan required
Details of Security proposed.
(NSC, LIC Policy / Bank deposits) Worth / Surrender value
1. I/We, understand that as a pre-condition relating to grant of and/or continuing
availment of the loans/ advances/other non-fund based credit facilities to/by me/us, the Indian Overseas Bank, requires my/our consent for the disclosure by the bank of, information and data relating to me/us of the credit facility availed of/to be availed by me/us, obligations assumed/to be assumed, by me/us in relation thereto and default, if any committed by me/us, in discharge there of.
2. Accordingly, I/We hereby agree and give consent for the disclosure by the Indian
Overseas Bank of all or any such:
(a) information and data relating to me/us
(b) the information of data relating to any credit facility availed of / to be vailed, by me / us and
(c) default, if any, committed by me/us, in discharge of my/our such obligation.
as the Indian Overseas Bank may deem appropriate and necessary, to disclose and furnish to Credit Information Bureau (India) Ltd and any other agency authorised in this behalf by RBI.
3. I/We, declare that the information and data furnished by me/us to the Indian Overseas Bank are true and correct.
4. I/We, undertake that:
(a) the Credit Information Bureau (India) Ltd. and any other agency so authorised may use, process the said information and data disclosed by the bank in the manner as deemed fit by them and
(b) the Credit Information Bureau (India) Ltd. and any other agency so authorised may furnish for consideration, the processed information and data or products there of prepared by them, to banks/ financial institutions and other credit grantors or registered users, as may be specified by the Reserve Bank in this behalf. The expression “Bank “includes lending institutions for the purpose.
Signature of the Borrowers)
INTERVIEW CUM APPRAISAL FORM
Performance
Last Year incase of
existing Units
Next year, in case of
existing and new units
a Average monthly Sales
b. Monthly expenses
Stocks
Rs...............
Rs...............
Salary of employees
Rs...............
Rs...............
Drawings for
sustenance of
proprietor / partners
Rs...............
Rs...............
Other expenses (like
rent etc.)
Rs............... Rs...............
Total Expenses
Rs............... Rs..................
c. Monthly surplus (a-b) Rs............... Rs...............
a) Details of equipment required (invoices / estimate to
be enclosed)
Sl.No Items Supplier Cost
Total Rs........
Less: Applicants Contribution if
any
Rs...............
Advance required Rs...............
b. Need for the equipment
Working Capital Requirement
Minimum stocking
Months purchases Rs..............
LESS
Credit available on purchases Rs............... Rs...............
Amount contributed by the applicant, if any Rs................ Rs...............
Loan required from the bank Rs.............. . Rs...............
Repayment programme, with start-up period
required
(Adequacy / necessity to be substantiated)
i) Tem Loan
ii) Working Capital (Where applicable)
How is the anticipated turnover considered
achievable ?
(Please mention marketing arrangements)
Date:
Place
Signature of the Applicant
Name of the Bank Official who conducted the
interview
Remarks, stipulations, sanction by Bank:
i. Has the applicant the necessary
determination\experience/market for
achieving the anticipated turnover
(sustained brief)
ii. Equipment finance
iii. Loan(s) sanctioned
iv. Stipulations/security, if any
v. Other Remarks
Date: Appraising Official Sanctioning Authority
1. Margin Money : No Margin
Insurance of stock not necessary
Submission of stock statement / financials statement not necessary.
2. Security Norms :
NSC, LIC Policy and Bank deposits