- Primary â€“ Assets created out of the loan. (In case the facility is clean, then loan may be sanctioned under the powers of Regional Head). However, if the facility is clean, the maximum loan shall ne capped at ₹ 100.00 lac.
- Collateral-Mortgage (Registered or Equitable) of factory land and building and / or any other property (Land & Building but not agriculture land/plot of land/ partially constructed property) belonging to promoters or in the name of Guarantors, viz. Proprietor/ Partners/Directors/or in the name of the firm/company or Guarantor.
- Personal guarantee of directors and owners of property offered as collateral security.
Note: Before sanction of any loan verification of property about its clear, marketable, enforceable title must be undertaken by the Branch Head/ Credit In-charge and kept on record. Extant guidelines about valuations of Property, title clearance and Inspection by branch to be strictly adhered to.