Hypothication Loan

Hypothecation Loan

A Hypothecation Loan is a type of secured loan where movable assets (such as vehicles, machinery, or stock) are pledged as collateral while the borrower retains ownership and possession. It is ideal for individuals or businesses looking to meet working capital needs, purchase equipment, or fund business expansion.

Features & Benefits:

✅ Attractive Interest Rates
Competitive and affordable rates to reduce your repayment burden.

✅ Flexible Repayment Options
Tenure options tailored to your financial comfort and needs.

✅ Quick Processing
Hassle-free documentation and speedy loan disbursal.

✅ Loan Amount
Based on the value of the hypothecated asset and repayment capacity.

✅ Security
Hypothecation of assets such as machinery, vehicles, goods, or receivables.

Eligibility Criteria:

• Individuals, proprietors, firms, companies, and self-employed professionals.
• Satisfactory credit history and repayment capacity.
• Purpose-specific requirement like vehicle purchase, business expansion, or working capital.

Documents Required:

• Identity and address proof
• Business or income proof
• Quotation/invoice of asset to be hypothecated
• Bank account statement
• Ownership proof (where applicable)

Why Choose The Kheda People's Co-Op Bank Ltd.?

• Trusted cooperative banking since inception
• Personalized customer service
• Transparent processing and policies
• Local expertise and community-centric approach