You are on page 1of 12

MSME Loan Application

Application No.: Existing Customer No.:

LOAN DETAILS

Type Loan against Loan against Unsecured Business Working Capital Dropline OD Working Capital Invoice Based
Property Machinery Loan Demand Loan Financing

Portfolio Secured Unsecured Collateral Property Machinery Automobile Other

Loan Amount (INR) Tenure (months)

For Invoice Based Financing: Limit Validity Period (months) Usance Period (days)

Rate of Interest p.a. Processing Fees


Borrower

Loan Purpose: _____________________________________________________________________________________________________________

Name of Existing Financer (in case of Balance Transfer)

ORGANISATION DETAILS

Name of Organisation:

Nature of Business: Manufacturing Trading Services If Others, Please specify

Organisation Type: Proprietorship Partnership Limited Liability partnership Private Ltd. Company Public Ltd Company

If Others, please specify _______________________________________________________________________

Number of Partners/Directors: Number of Employees:

Date of Incorporation (dd/mm/yyyy): Operating since (dd/mm/yyyy):

ROC Registration No. /Partnership Deed No.

Shop and Establishment Reg. No.

CIN:

Organisation PAN: GST Exempted Yes No

GST Registration: Registered Not Registered GST Number:

Category: SC ST OBC Minority General

Organisation Email Id

1
ORGANISATION CORRESPONDENCE DETAILS

Permanent/Registered Address Current/Corresponce Address

Same as Permanent/Registered Address

Contact Person:

Address:

City:

State

Pin Code

No of Years at above address Years Years

Property Ownership Status Owned Rented Owned Rented

Mobile Number

Telephone

Email Id

Preferred Contact Time

Preferred Language for Communication

BORROWER/ CO BORROWER/ GUARANTOR DETAILS(In case of additional personnel, use Annexure 1)

Borrower/Co-Borrower/ Guarantor 1 Borrower/Co-Borrower/ Guarantor 2

Existing Customer ID (if applicable)

First Name:

Middle Name:

Last Name:

Maiden Name

Designation Proprietor Partner Director Proprietor Partner Director

Shareholding %(if applicable)

Father/Spouse Name

Date of Birth

Gender Male Female Others Male Female Others

Marital Status Married Unmarried Married Unmarried

Divorced Widowed Divorced Widowed

No of Dependents

Education Qualification Doctorate PG Professional Doctorate PG Professional

Graduate School High School Graduate School High School

2
Primary Occupation Self-Employed Non-Professional Self-Employed Non-Professional

Housewife Housewife

Retired Pensioner Retired Pensioner

Self Employed Professional Self Employed Professional

Annual Salary/ Income(INR)

PAN Number

Other ID Type (At least one) Passport DL Other Passport DL Other

Other ID Number

Permanent Residential Address

Pin Code

City

State

Vintage Years Years

Ownership Status Owned Family Rented Owned Family Rented

Mobile Number

Telephone

E-mail

Current Residential Address

Same as Permanent Address

Pin Code

City

State

Vintage Years Years

Ownership Status Owned Family Rented Owned Family Rented

Preferred Language for Communication

Additional Details required for Director

Total Experience

Years with Company

DIN

Director Type Nominal Professional Promoter Nominal Professional Promoter

3
Director Term Part Time Full Time Part Time Full TIme

COLLATERAL DETAILS( In case of additional collateral, use Annexure 2) (Applicable only for secured loans)

AUTOMOBILE

Manufacturer Name

Model Name: Sub Model:

Year of Model: Date of Registration (ddmm/yyyy):

Registration Number: Colour::

Engine Number:

Chassis Number:

Name of Current Owner:

PROPERTY

Type of Property: Commercial Building Flat Plot

Name of Current Registered Owner

Flat/House/Land Number:

Registration Number:

Sale Deed Number:

Date of Registration (dd/mm/yyyy): Date of Sale Deed (dd/mm/yyyy):

Current Property Area (Sq.ft): Agreement Value (INR):

Address: City

State

Pin Code

Property Ownership: Joint Full If Joint, % Ownership:

Land Survey CST Number:

Property Description:
REMARKS:

MACHINERY

Manufacturer/Supplier:

Type of Machinery:

Make: Model:

Year of Make: Serial Number

(In Case of Existing Machinery)

Invoice Value: Date of Invoice (dd/mm/yyyy):

Invoice Number:

Registration City:

COLLATERAL INSURANCE DETAILS (Applicable for all Collateral)

Name of Insurance Company:

Type of Insurance:
4
Insurance Policy Number:

Insured Amount (INR) Date of Expiry (dd/mm/yyyy)

REFERENCE DETAILS

Reference 1 Reference 2

First Name:

Middle Name:

Last Name:

Contact Address

Known Applicant for Years Years

Relationship with Applicant

Mobile Number

Email

BANK DETAILS OF APPLICANT

Account Holder Name:

Bank Name:

Branch Name:

Account Number:

Account Type: Savings Current Others Use for Disbursements Use for Repayment

Average Balance Account Since (dd/mm/yyyy)

IFSC City

I.IMPORTANT NOTE: Kindly DO NOT make any payment in cash, bearer cheque or kind to the Executive in connection with this loan application.
“TVS Credit Services Limited” shall be hereinafter referred as “TVS Credit/ Company”
Kindly Note :
• That the receipt of your application form for the loan does not imply automatic approval of your loan by TVS Credit and the approval of the loan application/ quantum of the
loan is at the sole discretion of TVS Credit.
• TVS Credit reserves the right to reject any application without assigning any reason or notification.
• TVS Credit may request for additional documents other than those collected in connection with the applicant.
• TVS Credit reserves the right to retain the photograph and documents submitted along with the application form and shall not return the same to applicant under any
circumstances whatsoever.
• That the Equated Monthly Installments (EMI)/ instalments in connection with the loan will be due as per the loan schedule.
• Incomplete/defective application will not be processed and TVS Credit shall not be responsible or liable in any manner for the resulting delay or loss.
• That all post dated cheques are to be issued favoring TVS Credit Services Limited only.

II. I/We confirm that the executive collecting my application / documents has explained to me/us :
 The applicable interest rate; that the processing fee (non-refundable) will be charged towards loan application; that service tax as may be applicable will be charged in
connection with the loan.
 That the EMI/loan related information will be communicated separately through a welcome letter post disbursement of loan through post or e-mail communication.
 That pre-payment of loan is not allowed for first six months from the date of loan disbursement.
 That the loan foreclosure charges are levied/calculated on the balance outstanding of the loan.
 That the cheque return charges, cheque swap charges, duplicate statement of account charges would be levied as applicable.
 And collected self-attested copies of the following documents from me/us:

DECLARATION
I/ We hereby declare and state that
a. I/ We am/ are resident Indians and that all the particulars and information given in the application form are true, correct and complete and that they shall form the basis of
any loan TVS Credit Services Limited (TVSCS) may decide to grant to me / us.
b. I/ We undertake to inform TVSCS regarding any change in my/ our above mentioned details and to provide any further information that they may require.
c. l/We agree to receive SMS, telephonic calls, emails, or through any other mode of communication various schemes, plans and offers for marketing purposes from TVS
Credit, its employees, agents and/or its associates, though I/we have already registered with the National Customer Preference Register maintained by TRAI, NDNC or
other like database or authorities.
d. I/We hereby confirm that I/we are aware of the TRAI regulations/directions in respect to unsolicited commercial communications, importance, requirements and facility
under TDSAT, NCPR, NDNC with regard to the above.

5
e. I/ We acknowledge and give consent that TVSCS may obtain disclose / share any / all information pertaining to me/ us from/with any banks/ financial institutions/credit
bureaus/ third parties for any purpose whatsoever. Further, in case of any guarantee or security of third party is intended to be provided to TVSCS as security for the loan to
be sanctioned to me/ us, I/ We acknowledge and give consent that TVSCS may disclose to such third party information pertaining to me/us and/ or of the details of the loan
granted to me/ us.
f. I/ We understand and acknowledge that TVSCS shall have absolute discretion, without assigning any reasons (unless required by applicable law), to reject my/our
application and that TVSCS shall not be responsible / liable in any manner whatsoever to me/us for such rejection or any delay in notifying me/us of such rejection and any
costs, losses, damages or expenses, or other consequences, caused by reason of such rejection, or any delay in notifying me/us of such rejection, of our application.
g. I/ We agree that my / our loan is subject to terms and conditions of TVSCS and should be governed by the rules of TVSCS which may be in force from time to time. TVSCS
reserves the right to reject the loan application without any reasons. We understand that decision of sanction/ disbursement will be on the sole discretion of TVS Credit only
and I/ We shall not make any legal claim against TVS Credit Services Ltd. in case this application is rejected or in case no loan is sanctioned or in case no disbursement is
made for any reason whatsoever
h. I/ We agree that TVSCS and/ or Affiliates or their contractors may hold and process my/ our personal Information and all other information concerning my/our
i. Account(s) on computer or otherwise for analysis, credit scoring and marketing.
j. I/ We agree that TVSCS may disclose, in strict confidence, to other institutions, personal Information concerning me/ us as may be reasonably necessary for reasons
inclusive of but not limited to participation in any telecommunication or electronic clearing network, for compliance with a legal directive or for fraud prevention purposes For
any information so obtained/ disclosed/ shared, I/ We agree and confirm that I/ We will not hold TVSCS responsible for the use of such information.
k. I/ We agree that I/ We will not utilize the money (ies) received under the loan agreement(s) for any purpose which are prohibited under any law for the time being in force
including but not limited to investment(s) in capital market(s) and speculative purposes. This application form along with the supporting documents shall be the property of
TVS Credit Services Limited and the loan amount will be used only for the purpose mentioned in the loan application.
l. I/ We certify that all Information furnished by me/ us is true; that I/ We have no borrowing arrangements for the unit except as indicated in the application; that there are no
overdues / statutory dues against me / us / promoters except as indicated in the application; that no legal action has been / is being taken against me/us/ promoters; that I/
We shall furnish all other information that may be required by you in connection with my / our application that this may also be exchanged by you with any agency you may
deemed fit and you, your representatives, representatives of the Reserve Bank of India or any other agency as authorized by you, may, at any time, inspect / verify my / our
assets, books of account etc. in our factory/business premises as given above.
m. I/We have no objection to TVSCS and/or its Group Companies and/or its agents providing me/us information on various products, offers and services provided by
TVSCS and/or its Group Companies through and mode (including telephone calls, sms/emails, leeers etc.) and authorize TVSCS and/or its Group Companies and/or its
agents for the above purpose. I/we confirm that laws in relation to the unsolicited communication referred in “National Do Not Call Registry” as laid down by ‘Telecom
Regulatory Authority of India’ will not be applicable for such information/communication to me/us.
n. I/We confirm that no insolvency proceedings or suits for recovery of understanding dues or monies whatsoever or for aeachment of my/our assets or properties and/ or any
criminal proceedings have been initiated and/or are pending against me/us and that I/we have never been adjudicated insolvent by any court or the authority.
o. I/We hereby consent to receive information form central KYC registry including e-kyc through SMS/email on the above registered number for email address.
p. I/ We confirm that there are no overdues/statutory dues against me/us/ promoters except as indicated in the application.
q. I/ We understand and agree that the payment of processing fees is non-refundable and on my/our application being declined by TVSCS for any reason whatsoever, or the
same being withdrawn by me/us, I/we shall not be entitled for refund of the same either in part or full.
r. I/We have read and understood the contents and terms and conditions of the agreement.
s. I/We declare that none of the Directors/Partners are interested in TVS Credit Services Limited or any group company of TVS Credit Services Limited/ the details of the
Director/ Partners who is/are interested in TVS Credit Services Ltd. Or any group company of TVS Credit Services are given under.
*Other terms and conditions apply

RELATIONSHIP DECLARATION

1) Details of relationship, if any, with any Director/Senior Officer of TVS Credit Services Limited
Name of the Director/Senior Officer: ......................................................................................................................................
Relationship with the Director/Senior Officer: ......................................................................................................................................
2) Details of relationship, if any, with any Director of other Banks/NBFCs
Name of Director and the Bank/NBFC: ......................................................................................................................................
3) Details of Directors of the company or its subsidiary company or its holding company, who are also on the board of TVS Credit Services Limited
Name of Director: .....................................................................................................................................

Signature or Thumb Impression of Signature or Thumb Impression of Signature or Thumb Impression of Signature or Thumb Impression of

Borrower/CoBorrower/Guarantor1 Borrower/CoBorrower/Guarantor2 Borrower/CoBorrower/Guarantor3 Borrower/CoBorrower/Guarantor4

Paste Photograph and sign Paste Photograph and sign Paste Photograph and sign Paste Photograph and sign
across across across across

6
SOURCING DETAILS (To be filled by TVSCS RM)

Branch Alliance DSA Date (dd/mm/yyyy):

Branch Name/ Alliance Partner:

RM Name: RM Employee Number:

KAM Name: KAM Employee Number:

DSA Agency Name: DSA Code:

DSA Executive Name DSA Mobile Number:

SCHEDULE OF CHARGES

Prepayment Charges(Term Loan): 4% of principal outstanding; Foreclosure Charges(Term Loan): 4% of principal outstanding at the time of foreclosure; ACH Failure
charges: INR 400; Repayment mode swap charges/Swapping Charges (PDC to ECS): INR 400; Legal Verification: At actuals, if applicable; Valuation Charges: At
actuals, if applicable; Stamp Duty/Stamping/Franking Charges: At actuals; Insurance premium charges: At actuals; Loan Reschedulement charges: INR 2500; Loan
Restructuring charges: INR 3500 Duplicate NOC or No Due Certificate: INR 250 per request; Charges towards legal expenses in case of overdue/ default/recovery /
Legal action under Section 138 of Negotiable Instruments Act, 1881, and/or Section 25 of Payments and Settlements Systems Act, 2007: At actuals; Cash
Collection Charges: 1% of collection amount for INR 50,000 and above in cash, Cash collection permitted only up to INR 2,00,000; Working Capital Limit Enhancement-
Permanent Enhancement: 0.5% of the existing limit; Working Capital Limit Enhancement-Ad hoc Enhancement: 2% of ad hoc limit or INR 3000, whichever is higher;
Duplicate Repayment Schedule: INR 300; Loan Statement/ Statement of Account charges: INR 200; Prepayment Statement charge: INR 200; Duplicate foreclosure
statement charge: INR 200; Copy of property documents: INR 500; Copy of loan agreement: INR 500; Commitment charges for Working Capital Loan: a) Utilization
60% and above: Nil, b) 40% to 60%: 0.25% of entire unutilized portion, c) Less than 40%: 0.5% of entire unutilized portion; CERSAI Charges only in case of secured-
property: a)Facility amount less than or equal to INR 5 Lakhs- INR 50 per Property, b) Facility amount greater than INR 5 lakhs- INR 100; Other Charges- Miscellaneous: At
actuals.

Penal Charges: 2% per month;


All charges are exclusive of GST/other government levies and these shall be collected directly from the customer as the case may be.

___________________________________

Signature of Borrower/ Authorized Signatory

DOCUMENT CHECKLIST

Document Tick Date

Login Processing fee (1) Cheque Applicant

Photographs – 2 Passport Size photographs Applicant Co-borrower Guarantor

Existing Loan Documents Applicant Co-borrower

Signature Proof Applicant Co-borrower Guarantor

Individual ID proof Applicant Co-borrower Guarantor

Individual Age proof Applicant Co-borrower Guarantor

Individual Address Proof Applicant Co-borrower Guarantor

Individual Education Proof Co-borrower Guarantor

Individual Income Proof Co-borrower Guarantor

Organisation ID and Address proof Organisation

Organisation Vintage Proof Organisation

Bank statements (12 months) Organisation

Financial Statement (3 years) Organisation

7
8
ACKNOWLEDGEMENT- RECIEPT OF PROCESSING FEE – Customer Copy ACKNOWLEDGEMENT – TVS CREDIT MSME LOAN APPLICATION

Dear ___________________________________,

I acknowledge the receipt of amount __________________________as I/We acknowledge receipt of application for loan
from___________________________ on (date)
Loan Processing Fee (1) on date____________________ through Cheque/ _________________________________ subject to verification of
Demand Draft/ NEFT/RTGS. contents and enclosures (if any). TVS CREDIT will endeavor to inform
you about the status of your application usually within seven days from
The loan processing fee payment details are: the date of receipt of documents/information as required from time to
time and furnished by you to TVS CREDIT.
Instrument Type: Cheque RTGS NEFT IMPS DD For TVS Credit Services Ltd.

Instrument Number

Instrument Date:

Drawn from Bank: Date: ______________________________

Branch:

Amount (INR):

Receipt Date:

Authorised Signatory
TVS Credit Services Ltd.
Date:_______________ Authorised Signatory Jayalakshmi Estates, 29, Haddows Road, Nungambakkam, Chennai – 600006
TVSCS Stamp

9
ANNEXURE 1

BORROWER/ CO BORROWER/ GUARANTOR DETAILS

Borrower/Co-Borrower/ Guarantor 3 Borrower/Co-Borrower/ Guarantor 4

Existing Customer ID (if applicable)

First Name:

Middle Name:

Last Name:

Designation Proprietor Partner Director Proprietor Partner Director

Shareholding %(if applicable)

Father/Spouse Name

Date of Birth

Gender Male Female Others Male Female Others

Married Unmarried Married Unmarried


Marital Status
Divorced Widowed Divorced Widowed

No of Dependents

Doctorate PG Professional Doctorate PG Professional


Education Qualification
Graduate School High School Graduate School High School

Self-Employed Non-Professional Self-Employed Non-Professional

Primary Occupation Housewife Housewife

Retired Pensioner Retired Pensioner

Self Employed Professional Self Employed Professional

Annual Salary/ Income(INR)

PAN Number

Other ID Type (At least one) Passport DL Other Passport DL Other

Other ID Number

Permanent Residential Address

Pin Code

City

State

10
ANNEXURE 1(Continued)

Vintage Years Years

Ownership Status Owned Family Rented Owned Family Rented

Mobile Number

Telephone

E-mail

Current Residential Address

Same as Permanent Address

Pin Code

City

State

Vintage Years Years

Ownership Status Owned Family Rented Owned Family Rented

Preferred Language for Communication

Additional Details required for Director

Total Experience

Years with Company

DIN

Director Type Nominal Professional Promoter Nominal Professional Promoter

Director Term Part Time Full Time Part Time Full TIme

11
ANNEXURE 2 (Additional Collateral details) (Applicable only for secured loans)

))
AUTOMOBILE

Manufacturer Name

Model Name: Sub Model:

Year of Model: Date of Registration (ddmm/yyyy):

Registration Number: Colour::

Engine Number:

Chassis Number:

Name of Current Owner:

PROPERTY

Type of Property: Commercial Building Flat Plot

Name of Current Registered Owner

Flat/House/Land Number:

Registration Number:

Sale Deed Number:

Date of Registration (dd/mm/yyyy): Date of Sale Deed (dd/mm/yyyy):

Current Property Area (Sq.ft): Agreement Value (INR):

Address: City

State

Pin Code

Property Ownership: Joint Full If Joint, % Ownership:

Land Survey CST Number:

Property Description:
REMARKS:

MACHINERY

Manufacturer/Supplier:

Type of Machinery:

Make: Model:

Year of Make: Serial Number

(In Case of Existing Machinery)

Invoice Value: Date of Invoice (dd/mm/yyyy):

Invoice Number:

Registration City:

COLLATERAL INSURANCE DETAILS (Applicable for all Collateral)

Name of Insurance Company:

Type of Insurance:

Insurance Policy Number:

Insured Amount (INR) Date of Expiry (dd/mm/yyyy)

12