i) Loanee and guarantors should be nominal member of the bank.
ii) Loanee and guarantors should be resident of Chandigarh/Mohali/Panchkula.
iii) Place of business must be located at Chandigarh.
iv) Full insurance cover of articles of stock in trade in favour of the bank.
v) 5 Advance Cheques for repayment of loan in favour of the bank
vi) 2 Good guarantors known to the bank
vii) The borrower shall hypothecate in favour of the bank the entire current assets created.
viii) Quarterly stock statement should be submitted to the bank by the borrower.
ix) Bank statement for last six months.
© The Chandigarh State Cooperative Bank Limited Chandigarh,2014