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    Application - Loan Overdraft Against Deposit

    Uploaded by

    Uday Kiran
    The document is a loan application form from Bank of Baroda. It requests a loan or overdraft against the applicant's deposit. It provides details of the applicant such as name, address, occupation, accounts held, purpose of loan, proposed repayment details, and security being pledged. The applicant signs to agree to the bank's terms and provide accurate information. The form is then reviewed and sanctioned by the branch manager with loan amount, interest rate, and repayment details. Additional proformas provide for standing instructions to debit installments from the applicant's account, authorization to deduct from salary and remit to the bank, and a letter for the employer to remit installments.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    Application - Loan Overdraft Against Deposit

    Uploaded by

    Uday Kiran
    436 views5 pages
    The document is a loan application form from Bank of Baroda. It requests a loan or overdraft against the applicant's deposit. It provides details of the applicant such as name, address, occupation, accounts held, purpose of loan, proposed repayment details, and security being pledged. The applicant signs to agree to the bank's terms and provide accurate information. The form is then reviewed and sanctioned by the branch manager with loan amount, interest rate, and repayment details. Additional proformas provide for standing instructions to debit installments from the applicant's account, authorization to deduct from salary and remit to the bank, and a letter for the employer to remit installments.

    Original Title

    Application_ Loan Overdraft Against Deposit

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    © Attribution Non-Commercial (BY-NC)

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    The document is a loan application form from Bank of Baroda. It requests a loan or overdraft against the applicant's deposit. It provides details of the applicant such as name, address, occupation, accounts held, purpose of loan, proposed repayment details, and security being pledged. The applicant signs to agree to the bank's terms and provide accurate information. The form is then reviewed and sanctioned by the branch manager with loan amount, interest rate, and repayment details. Additional proformas provide for standing instructions to debit installments from the applicant's account, authorization to deduct from salary and remit to the bank, and a letter for the employer to remit installments.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    436 views5 pages

    Application - Loan Overdraft Against Deposit

    Uploaded by

    Uday Kiran
    The document is a loan application form from Bank of Baroda. It requests a loan or overdraft against the applicant's deposit. It provides details of the applicant such as name, address, occupation, accounts held, purpose of loan, proposed repayment details, and security being pledged. The applicant signs to agree to the bank's terms and provide accurate information. The form is then reviewed and sanctioned by the branch manager with loan amount, interest rate, and repayment details. Additional proformas provide for standing instructions to debit installments from the applicant's account, authorization to deduct from salary and remit to the bank, and a letter for the employer to remit installments.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    Bank of Baroda

    Application Form for Loan / Overdraft against Deposit


    The Branch Manager Bank of Baroda ____________ Dear Sir Re: Request for a Loan / Overdraft against My / Our Own Deposit/s. I/We submit herewith following details and request you to grant me/us fresh / further Demand Loan / Overdraft facility against my / our deposit/s. Full Name Mr/Mrs/Ms.. Address Phone: Residence ... .. Work . Occupation Tax ID No. .. Particulars of A/cs held with us .. A/cs with other banks .. Purpose Limit F$ Proposed Repayment .. Security
    TDA No. Date Favouring Amt. Int. Rate Term Maturity details Date Value

    (APL. III)

    Undertaking and Declaration I/we undertake to abide by the Banks laid-down norms / guidelines for advances and to pay all processing, legal, insurance, stamping and incidental costs & charges etc. I state that all details/information given by me/us is true and correct. The Term Deposit/s pledged as security is/are to be appropriated towards clearance of dues in case of default in repayments without any intimation to me/us. Yours faithfully .. Signature __________________________________________________________________________________ For Office Only Sanction F$ . Margin F$ . Security Value F$ . Interest Rate .% p.a. Repayment ..

    Remarks / Recommendations: Sanctioned Date: Branch Manager

    REVIEWS i) Reviewed Limit F$ : . ii) Security value F$ : . Remarks / Recommendations: Interest Rate: ..% p.a. Repayment :

    Reviewed

    Date:

    Branch Manager

    ___________________________________________________________________________________ i) Reviewed Limit F$ : .. ii) Security value F$ : . Remarks / Recommendations: Interest Rate : % p.a. Repayment ...

    Reviewed

    Date:

    Branch Manager

    ___________________________________________________________________________________ i) Reviewed Limit F$: .. ii) Security value F$: . Remarks / Recommendations: Interest Rate : % p.a. Repayment ...

    Reviewed

    Date:

    Branch Manager

    ***

    Proforma for obtaining Standing Instructions for deduction of Loan Installments directly from the A/c.

    ........... . .. .... Date:

    The Branch Manager Bank of Baroda

    Dear Sir

    Re: Standing Instructions

    In consideration of Bank of Baroda .Branch granting me / us a demand loan of F$......, I / we hereby authorise you to debit F$.. (Fiji Dollar. ..) from my/our savings/current account no . with effect from .. and thereafter on the of each month and credit the same to my/our loan accounts no.. This instruction is irrevocable till such time the entire loan is repaid together with interest and/or charges in full.

    Yours faithfully

    Signature of Applicant

    Proforma for Authorising Deduction of Loan Installments from the Borrowers Salary and its Remittance for Credit to Loan Account

    .......... . .. .... Date:

    To,

    Dear Sir

    Re: Deduction of Loan Installment and its Remittance

    In consideration of Bank of Baroda.. Branch granting me a demand loan of F$ .. for purchase of Car / Home / , I/we hereby authorise you to deduct from my salary F$..(Fiji Dollar .) per month commencing from Further, I request you to remit the money to Bank of Baroda Branch to the credit of my demand loan account no.. with them. This instruction is irrevocable till such time the entire loan is repaid together with interest and/or charges in full.

    Yours faithfully

    Proforma of a Letter to be obtained from Employer of the Borrower for Remittance of Installments

    ........... . .. .... Date:

    The Branch Manager Bank of Baroda

    Dear Sir

    Re: Remittance of Loan Instalments

    As per the request of Mr / Mrs . F/N., we shall deduct a sum of F$ from his monthly salary and remit the amount to your branch to the credit of his loan no. with you.

    Yours faithfully

    .. Signature of Applicant

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